Homes Are Unaffordable for Wage Workers in 71% of U.S. Counties

submitted by magnora7 from us.politsturm.com

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newinsightfulfun

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Same here in Europe. Looks like having a home is becoming reserved luxury for the wealthy. Wage slaves shall stay in their wage slave KZs.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

100 k for a stack of wood on a slab of cement

[–]compultantuser 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Asset inflation can't go on forever. Home prices are inflated by historically low interest rates.

If we want houses to become more affordable we need somewhere more productive for capital to go, and to raise interest rates.