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 […]

Jul 31 2016

The American Dream has imploded with the Homeownership rate hitting another low: Most Americans too broke to buy a Home.

Owning a home is symbolic with having a piece of the American Dream.  The stereotypical picket white fence with a nice lawn is easily conjured up in the minds of many.  Yet for many, this is only a dream because it will never become reality.  The American Dream has imploded with many other areas of […]

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 […]

Feb 28 2016

Get used to an America where owning a home is not part of the dream: You cannot afford a home on that income!

Well congratulations America.  Signs of another housing bubble are as clear as day.  Loans with nothing down are back in the market.  Incomes are stagnant so creative financing is necessary to buy more expensive homes.  And homes are more expensive.  The current home price data shows that across the country we have now surpassed the […]

Nov 8 2015

The 20 small cities struggling the most in the U.S. based on economics, education, quality of life, and affordability: All of the cities are in California.

It is hard to quantify what makes a city great or bad.  Simply having a higher income is not enough to separate an area from another city if the cost of living is outrageous.  There have been attempts to use cost of living adjustments but the attempt to rank cities has been paltry.  Most of […]

Oct 8 2015

Renters are paying too much and their burden is only going to increase: How financial policies gouge working class Americans.

A recent report by Harvard University’s Joint Center for Housing Studies showed an absolutely dismal housing situation for Americans.  Housing is unaffordable for most working class Americans.  Sure you can take on a gigantic mortgage with a low interest rate and pretend all is fine but you are simply chaining yourself to the bank for […]

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