re: NY FED survey: Americans expect mortgage rates to rise to nearly 10% in the next three yrs

Lets see, a 10% interest rate on a 400 thousand dollar house is 40 grand a year, plus taxes and insurance 12 grand, and pay down just a bit on principle 6 grand, utility 3 grand, plus repairs and maintenance {crapy new appliances} 3 grand , all comes up with a total of 64 thousand dollars a year housing cost, aftertax. About 53 hundred a month. for an average house