The average first time buyer is now 40 years old and it's more expensive to own. Nationally, the median price of a home is $415,000, up more than 50% since 2019. If you buy that average price home now, the payment is roughly $2,000 a month. When you pay it off in 30 years, it would have cost you about $657,000. Just six years ago, you'd have paid. $1,500 a month and about $563,000 total. (32:57–33:02)
CLAIM
Asserts that the monthly payment for a median-priced home is approximately $2,000.
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