Situation Awareness

There is a metaphor in there some where. #economy #bubble bursting

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30 Year Mortgage Rates

If homes were affordable, the vast majority of the populations wouldn’t need 30 year loans to get one.

/rant

1960 – median income ~$6600
1960 – median home price ~$12000

Leverage and financialization of everything in this country is whats destroying it. 4% schmorepercent. It’s still to expensive!