Income up 10x since 1971 but homes 17x. Home sales collapse to 2009 levels while prices stay near highs. FT: Central banks set to pivot in a hawkish direction

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Median family income in the US increased from $10,000 in 1971 to $106,000 today, a 10x increase.

However, the median cost of homes increased from $25,000 to $445,000, a 17x increase.

And the median cost of cars increased from $3,600 to $50,000, a 14x increase.

The median cost of college increased from $2,900 a year to $45,000, a 16x increase.

And the average cost of healthcare per person increased from $350 to $14,600, a 42x increase.

THIS IS ABSOLUTELY INSANE.


Former slumlord President Donald Trump reportedly told speaker Mike Johnson that “no one gives a [bleep] about housing.”

Punchbowl News reported that Trump told Johnson this in private conversation earlier this week, and the House speaker then relayed it to a small committee of GOP leadership on Tuesday. The report was based on four sources who heard Johnson recount his conversation with the president as he tried to convey that a housing bill isn’t nearly as important as the SAVE Act, the GOP plan to force every American to prove their citizenship to vote—a blatant voter suppression attempt.

https://www.msn.com/en-us/news/politics/trump-allegedly-told-gop-leader-no-one-gives-a-bleep-about-housing/ar-AA1YtWWl




https://www.ft.com/content/fd2df68c-b9aa-4f5e-a144-61cd5246af73