Showing posts with label Housing 2022. Show all posts
Showing posts with label Housing 2022. Show all posts
Monday, November 7, 2022

Housing has never been more unaffordable than under Joe Biden and the Democrats

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Saturday, October 29, 2022

Distressed debt reaches $271 billion after five straight weeks of growth

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 Growing Pile of Distressed Debt Signals Coming US Default Wave (Bloomberg) -- A heap of distressed debt is expanding in the US corporate bo...
Sunday, October 23, 2022

Sunday morning comedy from CNBC

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  There are only 4 U.S. cities where the average American can afford a starter home   Detroit, Tulsa, Memphis, and Oklahoma City   Pack the ...
Saturday, October 8, 2022

US homes were at least 84% overvalued in 2021

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 Rounding out the Unholy Trinity of Big Ticket Asset Inflation, Housing joins Stocks and Bonds in similar overvaluation territory in 2021 at...
Wednesday, September 28, 2022

Housing in America in 2021 has never been more unaffordable

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Median household income in 2021 bought just 17.8% of the median sales price of houses sold.  
Thursday, September 22, 2022

When interest rates effectively went to zero in 2009 and stayed there, no one could figure out where the inflation was going lol

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Wednesday, August 31, 2022

Ann Coulter goes off the rails, blames the Tea Party for Obamacare

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 She forgets that Obamacare was passed in March 2010, months before the "Tea Party" swept the US House in an historic win with th...
Friday, August 26, 2022

The Fed is all talk and no action fighting inflation

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 The effective federal funds rate stands at 2.33% and $8.85 trillion remains on the balance sheet while Powell makes speeches. Borrowing is ...
Monday, July 25, 2022

Institutional investors have bought up 20% of mobile home parks and jacked up the rents on the low income residents, devouring widows' houses

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  The plight of residents at Ridgeview is playing out nationwide as institutional investors, led by private equity firms and real estate inv...
Friday, July 15, 2022

CNBC story blames capitalism's law of supply and demand for inflation: 92 million millennials caused it, not Federal Reserve interference with interest rates and mortgages

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... too many people with too much money chasing too few goods  ... millennials are still making up the largest chunk of the homebuyer market...
Wednesday, July 6, 2022

This is as good a day as any to remember that Ben Bernanke's Fed under Obama bailed out the banksters and hung 6.5 million homeowners out to dry

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 Bloomberg, August 21, 2011, here : Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression ...
Friday, June 24, 2022

I wonder from which of the three houses he's owned since 2016 Bernie the greedy government bureaucrat issued this statement yesterday calling for punishment which will do nothing for consumers at the pump

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Monday, June 20, 2022

This story blames climate change for homeless deaths, never once mentions the families who abandon them and the role played by drug abuse in their homelessness

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  Sweltering streets: Hundreds of homeless die in extreme heat   One family, which presumably lived in a home where they presumably wrote th...

Housing market conditions update, now vs. then

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 Housing market conditions, now vs. then: Average borrower FICO score today: 751 In 2010: 699 Underwater today: virtually none (2.5% with le...
Tuesday, May 17, 2022

Housing predator Blackstone says housing affordability is comparable to the 2007 housing bubble, but it isn't

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Here : Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major diff...

Median household income now buys about 17% of the median sales price of a house, a new low: Joe Biden is the Barack Obama of unaffordable housing, only worse

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 Housing affordability has never been so bad. The median sales price in 1Q2022 climbed to $428,700. Median household income in January 2022...
Friday, March 11, 2022

LOL, according to this stupid definition by a university pinhead, there are only 23.8 million middle class workers

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“If you are holding a position that is non-managerial, non-executive level, doesn’t have a lot of decision power, you would have been classi...
Tuesday, January 25, 2022

Housing affordability turned down again in 2020 as housing prices climbed ever higher and incomes fell

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The key to joining the middle class has always been the full-time job, without which you cannot afford a house. The rich have taken away the...