Vladimir Lenin: “The best way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”.
Buying a house today costs ~$33,000/yr, 46% of the pre-tax median household income. Post-tax, homebuyers in the US are spending ~70% of their income on home payments. Monthly payments are rising everywhere. Follow us @KobeissiLetter for real time analysis as …