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 […]
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.â€Â 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. […]
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 […]
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 […]