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Inflation adjusted home prices are now 85% above their average dating back to 1900.
Even after accounting for inflation, home prices have never been more expensive than they are now.
In fact, inflation adjusted home prices are now 20% above their 2008 peak, the previous all…
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twitter.com
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由
The Kobeissi Letter
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Inflation adjusted home prices are now 85% above their average dating back to 1900.
Even after accounting for inflation, home prices have never been more expensive than they are now.
In fact, inflation adjusted home prices are now 20% above their 2008 peak, the previous all time high.
The median home now sells for an alarming 530% of the median annual income.
Meanwhile, the median house payment is now a record 49% of median PRE-TAX income.
Affordability has never been worse.
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🇺🇸 ELON: GOVERNMENT OVERSPENDING CAUSES INFLATION AND DEVALUES PAYCHECKS
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🇺🇸 ELON: GOVERNMENT OVERSPENDING CAUSES INFLATION AND DEVALUES PAYCHECKS
“The federal government can always make more money, but that’s what creates inflation.
I really want to reinforce this—government spending creates inflation.
When prices go up at the grocery store, it’s
btc
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twitter.com)
00:01:34
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