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The New Normal American Dream: Homeownership Rate Plunges To 19 Year Low; Asking Rents Soar
Zero Hedge ^
| 4/29/14
| Tyler Durden
Posted on 04/29/2014 8:01:11 AM PDT by Nachum
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Full title: The New Normal American Dream: Homeownership Rate Plunges To 19 Year Low; Asking Rents Soar To Record High
A chicken in every pot.
1
posted on
04/29/2014 8:01:11 AM PDT
by
Nachum
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
2
posted on
04/29/2014 8:01:36 AM PDT
by
Nachum
(Obamacare: It's. The. Flaw.)
To: Nachum
Where will they store the cheap imports they bought?
3
posted on
04/29/2014 8:03:06 AM PDT
by
DannyTN
To: Nachum
Oh goody! We're becoming more like socialist Europe where the best average standard of living is somewhat worse than Arkansas. < / sarcasm >
4
posted on
04/29/2014 8:04:16 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Nachum
Millions of young people buried in student loan debt in no position to be taking out mortgages.
To: Nachum
Heh. ‘They’ certainly interchange having a mortgage and owning a home as the same thing.
6
posted on
04/29/2014 8:07:20 AM PDT
by
Theoria
(End Socialism : No more GOP and Dem candidates)
To: Nachum
In the real world, renting is supposed to be more expensive than buying an equivalent property. The past decade was an anomaly. People have bailed on houses due to the crash, young people aren't buying for the first time either, because they can't or it has seemed like a bad bet. The demand shifted to rentals. So, rents have increased.
To: Nachum
Bankers suck along with lawyers. Get used to it.
8
posted on
04/29/2014 8:08:25 AM PDT
by
VRWC For Truth
(Roberts has perverted the Constitution)
To: DannyTN
“Where will they store the cheap imports they bought?”
I find they are usually on the curb waiting for the trash man to pick them up.
9
posted on
04/29/2014 8:09:42 AM PDT
by
staytrue
To: Nachum
The rent chart looks like a 4% inflation rate to me. Big deal.
The home ownership graph looks like those who shouldn’t have owned homes during the boom no longer own them. As it should be.
10
posted on
04/29/2014 8:10:36 AM PDT
by
Atlas Sneezed
(Lose to Cruz - 2016!)
To: Trapped Behind Enemy Lines
Carlyle Group (based in DC and the most politically connected of private equity outfits) is buying trailer parks.
That tells you how the smart money views our economic trend.
11
posted on
04/29/2014 8:10:44 AM PDT
by
nascarnation
(Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
To: DannyTN
Disclosure: The above is in Japan where they actually put out some pretty good stuff. We would sometimes upgrade our furniture and appliances when we found something better. Got a 1962 Mitsubishi color TV once, still in fine working order. It lasted us for five more years.
12
posted on
04/29/2014 8:11:46 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: VRWC For Truth
“Bankers suck along with lawyers. Get used to it.”
I disagree. No one forced you to go to a bank and get a loan and not repay it.
With lawyers, you can be minding your own business when they pop up and steal most everything you own, all your bank accounts and even part of your future earnings that you have not even made yet.
13
posted on
04/29/2014 8:11:48 AM PDT
by
staytrue
To: Theoria
I own a home. I don't have a mortgage. Other than paying the local shakedown/protection racket mob once a year....
/johnny
To: Vigilanteman
Combine the Japanese near-obsession with having the latest and greatest tech gadgets with tiny living spaces and it makes sense to part with well-kept but dated “stuff.” Very few others want it either, so they toss it. They just don’t have attics, basements, garages, spare rooms and multiple walk-in closets to accumulate crap the way we do.
To: Atlas Sneezed
The one thing I am trying to impress on my kids now is never buy into a home where the mortgage owns you. Like many of you, I have gone through the ups and downs of this economy but thankfully was able to keep my mortgage payments current. I could not have done that if I had lived outside my means with some exotic mortgage loan.
16
posted on
04/29/2014 8:16:26 AM PDT
by
Ghost of SVR4
(So many are so hopelessly dependent on the government that they will fight to protect it.)
To: Atlas Sneezed
The home ownership graph looks like those who shouldnt have owned homes during the boom no longer own them. As it should be.Home ownership should have never been pushed on everyone in the first place. There should always be a segment of the population who are able to quickly relocate to where the jobs are.
17
posted on
04/29/2014 8:18:06 AM PDT
by
Drew68
To: Nachum
What do you expect when the currency has been devalued by 30%?
To: Nachum
National candidates running on a platform of rent control cannot be far behind.
To: Buckeye McFrog
“The rent is too damn high” platform?
20
posted on
04/29/2014 8:20:57 AM PDT
by
Ghost of SVR4
(So many are so hopelessly dependent on the government that they will fight to protect it.)
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