2016-01-27wallstreetexaminer.com

if Housing is so affordable then why do we have this data line showing, with the lowest interest rate curve post WWI, we still have the worst demand for existing homes on record.  And new homes are much more expensive.

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Keep in mind that the affordability index used by nearly everyone is terribly flawed. It assumes all Americans have 20% down, starting debt to income ratio of 25% and no credit card revolving debt. Does that seem to you to be a realistic expectation for our average American? This is why we haven't seen Nirvana in new homes.



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