Story perspectives

Homeownership Crisis: 42.9% Income Goes to Mortgages

11/16/2025

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Summary

Story summary

Sean Dobson, CEO of Amherst Group, says Covid-era interventions have made homeownership increasingly unattainable and the housing market the least affordable in modern history.
Mortgage payments consume about 42.9% of median income, Dobson says.
He attributes the crisis to reckless monetary policies and rising asset prices.
He projects affordability will improve after 10–15 years and advocates expanding credit access to prevent more buyers from remaining renters.

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Story summary

Sean Dobson, CEO of Amherst Group, says Covid-era interventions have made homeownership increasingly unattainable and the housing market the least affordable in modern history.
Mortgage payments consume about 42.9% of median income, Dobson says.
He attributes the crisis to reckless monetary policies and rising asset prices.
He projects affordability will improve after 10–15 years and advocates expanding credit access to prevent more buyers from remaining renters.