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
Says volumes on DEMONRATS. REMEMBER IN NOVEMBER. They are NOT here to serve you, but only themselves and whole party voted in lockstep NOT to ban insider trading..Pretty arrogant to think they are going to win..
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