Aug 14 2015

The Average Net Worth by Age: The massive financial chicanery brought on by housing equity figures and the new real estate bubble.

The best indicator of wealth is your net worth.  Take you assets and subtract out your liabilities.  It should come as no surprise to most Americans that half of this country is living paycheck to paycheck.  One third of Americans have zero dollars for their net worth or in many cases for young Americans, have […]

Jun 6 2015

The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.

There is an economic crisis happening in the housing market.  The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation.  It probably doesn’t help that many young families are caught in the low wage […]

Jan 6 2015

The American Dream no longer involves owning a home: Record number of young living at home and rents increase while income falls.

Inflation is an insidious money grabber. When incomes are stagnant or falling, any tiny amount of inflation is tantamount to a wage a cut. The largest expense for Americans is housing payments. This can be in the form of rent paid to a landlord or mortgages paid to a bank. Either way, money is getting […]

May 28 2014

You are too broke to own a home in America! The typical American household making $50,000 a year cannot afford to purchase the typical $200,000 median priced home without straining their budget.

People continue to scratch their heads as to why regular home buyers in America are unable to enter the housing market. Prices are up but this is mostly because of investor money that is obsessed with chasing yield in a low yield environment orchestrated by the Federal Reserve. The reason home sales figures continue to […]

Apr 30 2014

Too broke to leave home even at 35 years of age: Over 30 percent of young adults under the age of 35 living at home. Home ownership rate of young adults continues to plummet.

Young Americans are so broke, they can’t leave home. That might sound like the line of a really bad joke but this is the unfortunate situation in our economy. Many young Americans are saddled with mind numbing levels of student debt. Younger Americans are carrying the heavy burden of the $1.2 trillion in student debt […]

Aug 5 2013

Failure to launch into household formation: Record 36 percent of young Americans (18 to 31) living at home with parents. Where is household formation coming from?

The notion that the housing market is surging because of young Americans buying up homes to form households is simply incorrect.  The housing market is rising like an artificial phoenix built on Wall Street’s insatiable appetite to leverage easy money from the Fed and investors.  If we look at data regarding young household formation we […]

May 9 2013

Feeling rich through debt: Modern banking has replaced real economic prosperity with massive levels of debt. Housing affordability reaches multi-decade highs while household incomes retreat to 1990s levels.

One of the biggest headlines right now is how the housing market is pulling the entire market up.  Housing prices are soaring while the stock market is making record highs.  Yet a large portion of the housing run-up is being caused by easy money that has been created by the Federal Reserve.  Banks are out-bidding […]

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