Break out those calculators, kids -- oh, and those MAO inhibiters. Turns out mortgage payments increased by nearly half over the last ten years, but what really made the difference? Huge jumps in utilities, property taxes and property insurance. Not much relief for renters, either: rent has outpaced mortgage payments by 5%. And wages? Those have only gone up by about a third for each group. Just in case you were wondering exactly how bad it is. [Center for Housing Policy]For more stories from Curbed SF, go to sf.curbed.com.
Copyright CURBS
