Mar 25

For The Average American, Owning A Home Is Increasingly Unaffordable:

Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report released on Thursday. The report found that home price growth exceeded wage growth in nearly two thirds of the nation’s housing markets so far this year, with urban centers like San Francisco and New York City among the least affordable.

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3 Responses to “For The Average American, Owning A Home Is Increasingly Unaffordable”

  1. squodgy Says:

    I reckon we all got hit by the dotcom & Japan bubble of the 90’s, but this analysis clearly shows why all the promising bullshit of growth and recovery has been and will always be just that….BULLSHIT.
    The little man hasn’t got the clout to make anything from these rapid short hikes, so is doomed to be tied into the long trend, which, for at least the foreseeable future…is in decline.

  2. squodgy Says:

  3. squodgy Says:

    I’ve been advocating the principles of “THE GROWTH ILLUSION” by the late Richard Douthwaite for a few years now,
    GDP GROWTH benefits nobody but the Banksters.

    They use it to push businesses to expand. The businesses can only expand using loans/overdrafts/bonds. Who benefits from this????Doh!

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