via akos_barta: Data sources: Median home values (August 2018): https://zillow.com/data Mortgage rates: https://zillow.com/mortgage-calculator Interest rates: The live market rates from the Zillow Mortgage Calculator The amount spent on housing is 30% of the total income as industry experts recommend. Tools used to make the …
by howmuch Buying a home used to be part of the American dream. It lets you build equity over the years, gives you a significant financial asset, and provides a pride of ownership or investment in the surrounding community. The problem is …
via thinkpol.ca: More seniors are being pushed into homelessness because they can’t afford the city’s high cost of living or find a safe shelter, says the head of a seniors’ non-profit organization. Anthony Kupferschmidt, executive director of the West End Seniors’ …
by howmuch The single biggest expense in most people’s budgets is for housing. Whether renters or homeowners, personal finance experts agree that a housing payment should ideally be no more than 30% of income. If you spend more than that, the government …
The domino effect. Their overcapacity would soar and debt plus unemploynent would send them to a crisis. h/t @dlacalle_IA
Was trying to do some research to figure out how to afford a house (I live in the Southern Bay Area) and came across this article http://www.businessinsider.com/income-required-to-afford-a-home-in-san-francisco-2018-2 It’s saying you would need about $300,000 a year to afford a house there. I’m …
via businessinsider: There is clearly a housing bubble forming as home prices soar around the US. And a surprising side-effect is accompanying high home prices — declining birth rates. Rising home prices correlate with falling birth rates becuase they crowd out …
CNBC now telling people to tap into home equity. You will buy things you do not need nor can afford. Greenspan told everyone to do this in 2007. https://twitter.com/StockBoardAsset/status/1016457786803277829
Do you think the average person has overextended themselves? If so, what are they buying? The financial situation for most Americans isn’t looking pretty. With asset prices rising and wages remaining stagnant, we have encountered a big problem. There’s no …
via reason.com: The average American needs to earn $22.10 an hour in order to afford a place to live. Minimum wage earners would have to work three full time jobs in some states just to afford housing. These are some …
by User_Name13 via theweek: As if apartment-hunting wasn’t already hard enough. The low minimum wage in cities across America has made it almost impossible for workers to find a decent place to call home, data released Wednesday by the National Low Income …
Do you think that as the years go on, the economy will improve? Or will we look back 10-20 years from now and think today looks great by comparison? When you look at the statistics, you can easily be fooled. …
by Michael Snyder If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows …
by stockboardasset Even though the stock market trades at near record highs, joblessness suppressed at decade lows, and corporate buybacks/profits booming via Trump’s tax reform, poverty is exploding all over America. One of the primary objectives of the Federal Reserve’s monetary policy of …
by howmuch Affordable housing is already a hot button political issue. Housing advocates have long pointed out the lack of affordable options in big cities with booming tech sectors, like San Francisco, but where does that leave the rest of the country? …
Teachers, first responders, restaurant workers and, surprisingly, computer programmers have the hardest time affording a home near their jobs. Real estate listing company Trulia defines affordability as one’s monthly payment on housing taking up no more than 31 percent of …
by stockboardasset A little over a month ago, after we first brought the market’s attention to the crisis quietly unfolding in consumer debt, Business Insider has finally caught up, acknowledging that “lower-income consumers and younger borrowers with substantial student debt moving at a …
by howmuch The housing market has not only recovered its pre-recession levels, but some observers are actually starting to worry about yet another housing bubble. Housing prices are on the rise, thanks in large part to extremely tight inventory, so it’s worth …
via SHTFplan Housing, as we’ve pointed out in the past, is perhaps the most reliable bellwether of widening economic inequality in the US. And in its latest quarterly report on housing affordability in the US, ATTOM discovered that median-priced homes aren’t affordable to average …
https://www.youtube.com/watch?v=JK4q_ueSpm4 Home Schooling for a REAL EDUCATION. …….GET OUT OF THESE GOVERNMENT INDOCTRINATION CAMPS CALLED SCHOOLS AC
https://www.youtube.com/watch?v=6HQuWelYCZ4 But it’s true! I worked for the Mouse for 23 years at disneyland. They notoriously underpay and they do hire out of country Phillipeno nationals and pay them less to do the same job other disney Cast members are …
by howmuch The national conversation in the U.S. is focused squarely on improving the lives of people in the working class. The debate revolves around exactly how to do that. Politicians and pundits have all sorts of ideas, from efforts …
By Michael Snyder Have you lost your spot in the middle class yet? For years I have been documenting all of the numbers that show that the middle class in America has been steadily shrinking, and we just got another …