US housing prices are rising twice as fast as wages

ElCubano said:
Deja vu' but this time they are not kidding around. Penthouse at the W hotel on south beach just sold for $3500.00 a sq ft.
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lol! That's nuts.

Tampa is crazy, but nothing like that. You cats get all the NY loons looking to cash in.
 
And some penthouse in upper east side went into bankruptcy recently that was sold for $50+ mil back in 2015. The naked swimmers are starting to get exposed!
 
Funny isn't it? The same ole shit repeated over and over and over again.

It's hard to determine but did the madness start with Greenspan or somewhere before? There's no way Volcker was the problem, but no matter what the crisis, these central banks just cannot resist kicking the can.
 
Rinse and repeat. Pay now or pay later. Or maybe never as they will continue to print if things get out of control again.

Latest housing report proves the mentality of keeping the public uninformed on inflation. They now blame drop in sales on higher prices caused by lack of starter homes at affordable prices. Is that not inflationary???

20+ homes in my neighborhood currently for sale. Highest inventory I've seen during any summer since I've lived here in 2013. Mix of types. Housing market has gone through rinse cycle and getting ready to spit. Those loading up on debt better hope feds got their back....AGAIN!
 
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New parents cutting back on number of kids they are having as it takes two incomes now to support a family. Day care not cheap. New parents waiting longer and longer to have kids. Immigrant popularion not rising any longer, at least next 4 years. I don't see how the rise in apartments is going to hold.
 
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