“The following chart from Credit Suisse fully explains why the US housing ‘recovery’ has just ground to a halt: in a few short weeks, US housing affordability (a topic we first covered a month ago) has collapsed as a result of the monthly payment on the median home sold soaring by nearly 40% from under $800 to just shy of $1100, a level not seen since 2008. Now if only US personal incomes would keep pace, instead of doing this.”
http://www.zerohedge.com/news/2013-07-29/chart-day-monthly-home-payment-soars-40-2008-levels
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 60 times, 1 visits today)
Related posts:
NJ Police Lieutenant: Meeting Ticket Quotas A Daily Exercise In “Creative Writing”
Tillerson's open-ended Syria war proves US is stuck in mideast quicksand
Cyprus’ New Reality: Cash Society Without Cash
International Tax Evasion Crackdown: Slow, Tricky, And Only First Step
Universities to MOOCs: We Will Assimilate You
How I tracked FBI aerial surveillance
Swiss Clocks Ticking: Hidden US accounts soon to be revealed
Craigslist mob steals nearly everything from foreclosed family’s home
New Study Finds THC Kills Stomach Cancer Cells
Venture Capitalist Chamath Palihapitiya on Bitcoin
IMF's World Tax Is a Puzzling Ploy
Teenage Hacker Transforms Web Into One Giant Bitcoin Network
Pot sales of $5 million in five days and no place to put the money
Chris Martenson: Official Gold Numbers Don’t Add Up
Boy Claims Cop Sexually Abused Him for Months