by Boo_Randy
Rents are soaring and millions are homeless, yet the Fed is still fueling Housing Bubble 2.0 with its purchases of MBSs from its bankster cronies.
Rents rose in the US last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high.
An index measuring rent of a primary residence was 0.8% higher in June than the month before, an acceleration from the 0.6% increase recorded in May, according to the Labor Department’s report on consumer prices published Wednesday. In the 12 months through June, rents were up 5.8%.
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