What you need to know:
According to a new study from 2023, it would take us almost 30 years to pay for an Infonavit house.
In the end we didn’t even want to… According to a study by the Institute of the National Housing Fund for Workers (Infonavit), Paying for a house from this same institution costs more or less 27 years, which could well mean a third of our lives..
It takes 27 years to pay for an Infonavit house
According to Infonavit’s 2023 Annual Housing Report, paying for a house from this same organization, taking data from the second quarter of this year, it would take just over 27 years of our lives.
Yes, to know this number, the study evaluated people’s ability to save the money necessary to get a home, taking into account the monthly income of an average person with a formal job according to the National Occupation and Employment Survey (ENOE).
Besides, They considered different scenarios in which a person would allocate a proportion of their labor income towards the payment of a medium-priced home.
It should be noted that for this calculation They did not include mortgage interest or expenses for the procedures; Only the median house price was used as a reference, also taking data from the Federal Mortgage Society (SHF) as a basis.
As long as they also allocate 30% of their salaries
Eye! The study indicates that it would take us 27 years of our lives to pay for an Infonavit house as long as we allocate approximately 30% of our annual income.
And this taking into account middle income people what do they want to achieve a medium priced home.
On the other hand, they highlighted that the number of years was barely greater in the second quarter of 2022well at that time They calculated that it would take a person 28 and a half years to pay for an Infonavit house.
A number of years greater than that of the third quarter of 2019, when only 24.6 were calculated to get an average priced home.
“However, this situation showed improvements in the second quarter of 2023, possibly due to the increase in current labor income (10.0% compared to the second quarter of 2022). During that period, there was a reduction in the number of years needed to pay off the home, decreasing from 28.5 years to 27.2 years for people who allocate 30.0% of their annualized labor incomewhich represents a decrease of 4.4%”reads the study carried out by the institute.
Taking all this data into account: Do you think that with the salary you earn per year and the expenses you have, you could save to pay for an Infonavit house?
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