Mortgage payment to income ratios are now pushing as high as 40%.
— The Kobeissi Letter (@KobeissiLetter) September 4, 2023
This is above the 2008 peak of ~34% and by far the highest level in history.
It is now nearly ~1.7x more expensive to buy a home than to rent.
The problem is that supply is scarce and higher rates are only… pic.twitter.com/M7b7R8js2I
Prescient thoughts on the AI bubble infused with serious facts on the interconnections of Big Tech. Ominous concentrations
https://www.thebignewsletter.com/p/why-anthropics-filing-crushed-tech?utm_source=post-email-title&publication_id=115...