Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
Overall, 38% of homeowners paid 20% or more of their disposable income on mortgage payments in 2008; 43% paid 10% to 19%; and the remaining 19% paid less than 10% (Table 3). Life-cycle theory suggests that mortgage liability should drop as the number of years in the residence increases or as the homeowner ages.