Feb 20 2017

Housing affordability shows that most Americans are too broke to buy a home: The American Dream moves further out of reach.

More Americans are finding it harder to afford a home.  In fact, a closely followed housing affordability index is now back to where it was in 2008.  Not exactly a prime time for buying homes.  Most Americans are too broke to afford a home.  Which is somewhat contrary to the narrative that is pumped out […]

Nov 19 2016

Housing in a time of rising mortgage rates: A big jump in mortgage rates is here to stay for these reasons.

In the midst of everything that is going on, the bond market took a big hit to the tune of $1 trillion.  What this means is that mortgage rates tied to Treasury bonds had a massive move, the largest in many years.  The 30-year fixed rate mortgage rate jumped to nearly 4 percent, the highest […]

Oct 22 2016

The Suburban Ghetto: Today one in three poor Americans, about 16.4 million people live in the suburbs.

We tend to think of the suburbs as middle class utopias.  When people think of the American Dream they usually draw up a picture of a home with a picket white fence in the suburb.  Poverty is usually left to inner cities and crammed multi-family dwellings.  So it might come as a surprise that over […]

Jun 16 2016

Too damn broke to afford a house: Americans are largely missing out on home equity gains and there is little they can do about it.

The housing market is once again too expensive for most American families.  During the last housing bubble, many Americans were able to partake in the mania and enjoy equity gains even if they were as fleeting as a petal in the wind.  This time around most of the gains are going to investors and large […]

Mar 20 2016

The housing bubble is getting ready to implode: The scariest chart in real estate shows an impending correction because you can’t afford to buy a home today.

“Definition of economic bubble:  A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.”  We are definitely in another housing bubble.  First, most Americans can’t afford to buy a home without utilizing artificially low interest rates and even then they are stretching their budgets like spandex.  […]

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