Dec 21 2020

Inflation is Eroding Purchasing Power and Hurting Millennials the Most: Exploring the Cost of Two Important Items from 2000 to 2020.

While we are still dealing with the fallout brought on by Covid-19, the group most impacted by the pandemic is young workers. They are disproportionately shouldering the hits that have come from the pandemic. Many are unable to telework and others are employed by industries that tend to pay less and have largely shut down […]

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 […]

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