Simply Unafforable! The Fed And Death Of The Starter Home Market (Fed Pause Will Not Help Much)
by confoundedinterest17 Starter homes are simply unaffordable. Treasury Secretary Janet “Too Low For Too Long” Yellen, and former Federal Reserve Chair, is partly responsible for a phenomenon plaguing America: the death of starter homes. As Mish has discussed, with main markets no longer an option for first-time buyers, Point2 looked at the country’s 100 largest …