BREAKING: The median US mortgage payment hits a record of $2,894/month in May 2024, up 14.1% compared to last year.
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024
This means that the median new homebuyer is now spending $35,000 PER YEAR on their mortgage.
That's ~47% of the median PRE-TAX household income.
The worst part?… pic.twitter.com/CkCWbxSQRi
In Russia, back to the Middle Ages??
https://www.dailymail.com/news/article-16182289/Russian-hospitals-hundreds-people-quarantine-amid-fatal-pneumonic-plague...