Independent thinking for complex markets and current events
Authored by Charles Hugh-Smith via oftwominds, The herd here in The Stockyard of Unaffordability isn’t cheered much by the cost of a TV dropping $50 while everything essential to life has gone up by $500 or $5,000. Welcome to the herd jammed into The Stockyard of Unaffordability, where prices keep rising and it gets more crowded as those who …
This is the most unaffordable US housing market Home prices, adjusted for inflation, are much higher than even the peak of the pre-Financial Crisis period To put this into perspective: Median home prices had reached $350,000 in 2006 Today, it is just shy of $400,000 pic.twitter.com/9EqDrYGSmF — Bravos Research (@bravosresearch) June 17, 2024 Housing is …
via DCNF Rent prices have exploded since the end of the COVID-19 pandemic and are unlikely to moderate, with shortages in supply and price stickiness leading to current increases, according to experts who spoke to the Daily Caller News Foundation. The average price of rent for Americans increased 6.1% year-over-year in January, far higher than the rate …