Relevant:
- The financial allure of renting; How the real estate industry silences the voice of one third of Americans; Homeownership back to 1998 levels
- Where did all the real estate inventory go? -- Orange County inventory down 29 percent over the last year and sales are up 25 percent. What is causing the current market dynamic in Orange County?
- The true picture of the California housing market
- Almost half of US households exhaust their salaries
- Financial land of perpetual bubbles -- California technology, real estate, and now higher education bubbles
2012-09-19 — doctorhousingbubble.com
Highlighting the weak income data, the typical SoCal mortgage payment is down over 54 percent from the peak and back to levels last seen in the early 2000s. This tells us more about what households can truly afford. The high price is being managed by a negative interest rate from the Fed trying to high the underlying fact that things are still incredibly weak. Why else would they announce that they are buying close to half a trillion in MBS next year to keep rates low?
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