Real Estate Prices Hit RECORD HIGH! There’s Just 1 Problem… Nobody Can Afford It

Let me know where you live and how much the average home is selling for.

Toronto – $1 million

When we look at real estate prices, we see unsustainable rises. Look around the major cities in US and the rest of the world. It’s simply unaffordable to the general public. As a result, more people are turning to rent their homes. As a result, vacancies are lower. With lower vacancy rates, landlords raise their rents. It’s a vicious circle. Housing has become such a large expenditure and it’s getting very close to the breaking point.

Run-up in home prices is “not sustainable:” Realtors’ chief economist

https://www.cnbc.com/2018/05/29/run-up-in-home-prices-is-not-sustainable-realtors-chief-economist.html

715351_cshomeprice-release-0529.pdf

https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/715351_cshomeprice-release-0529.pdf?force_download=true

avg housing growth march 2018 CS.jpg (890×629)

https://www.zerohedge.com/sites/default/files/inline-images/avg%20housing%20growth%20march%202018%20CS.jpg?itok=a-FdCUoE

Median-Price_Sep-SFD-Condo_by-Quarter_Short-termV2.jpg (835×625)

https://paragonpublic.blob.core.windows.net/dash-v2-blog-images/169171/Median-Price_Sep-SFD-Condo_by-Quarter_Short-termV2.jpg

Case-Shiller_US-National_vs_SF-High-Tier_Cycles-from-1987.jpg (835×626)

https://paragonpublic.blob.core.windows.net/dash-v2-blog-images/169128/Case-Shiller_US-National_vs_SF-High-Tier_Cycles-from-1987.jpg

MedianPrices_3-Month-Rolling_SFD-Condo-sep_since-2005.jpg (835×627)

https://paragonpublic.blob.core.windows.net/dash-v2-blog-images/169127/MedianPrices_3-Month-Rolling_SFD-Condo-sep_since-2005.jpg