Simply Unaffordable! US House Prices At All-time High Relative To Inflation (At Least Wage Growth Is Higher Than Home Price Growth Under Trump)

#bubble, #inflation, CMBS, CRE, Credit, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

Housing in the USA is simply unaffordable!

House prices have exploded since Covid, primarily due to massive Federal spending.

In terms of YoY growth, average hourly earning are exceeding home price growth.

Affordable housing is difficult to achieve at the national level since local politicians control local economies badly. Think LA Mayor Karen Bass who is taking Pacific Palisades which recently burned down and wants to build multifamily housing for low income households. This reminds me of the folly in Long Branch New Jersey where they built low income housing on the beach front. It failed, of course.

Doctor, doctor, we’ve got a bad casing of unaffordable housing.

Here is a picture of US affordable housing policy.

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Published by confoundedinterest17

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