The ratio of US home prices to rents is historically high with the price rent ratio about 6% higher than in the lead up to the housing collapse of 2006 to 2011
Recently, Headlines have stated ‘rents are down’ or are ‘soon to fall’ yet most places are still experiencing the highest rents in history
The housing issue is also due to the high interest rates as well as ESG companies like Blackrock buying housing above market price
The prices Blackrock is paying is far beyond what the average citizen can afford
What were witnessing is the controlled demolition of the private (former) personally owned/rented housing market
Top-Down consolidation
Americas future isn’t looking to great
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.