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The median home value in the US just 10 years ago was roughly $161,000.
Today, the median home value is $350,000, up 117%, which is 4.5x the median income.
Meanwhile, the median sales price on a home today is at $416,000, which is 5.3x the median income.
Existing home sales…
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由
The Kobeissi Letter
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The median home value in the US just 10 years ago was roughly $161,000.
Today, the median home value is $350,000, up 117%, which is 4.5x the median income.
Meanwhile, the median sales price on a home today is at $416,000, which is 5.3x the median income.
Existing home sales are now at their lowest levels since 2010.
With 90% of borrowers locked-in to rates below 5%, supply is scarce.
How can we get more supply in this market?
点击图片查看原图
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Update #2
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Update #2
Finally got home after way over 50h of flying/travelling 😅
Samsung reached out to me:
- refunded me for my overnight hotel
- booked me a car to get me home this morning
- collected the ring from me, for further investigation
My finger is also doing well, aside from
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Daniel
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This happened in 1960s. The women in the pic only sold a few home-produced eggs or corns or sweet potatoes in local market then caught by the authorities. Her crime？ "Engaging in speculation."
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This happened in 1960s. The women in the pic only sold a few home-produced eggs or corns or sweet potatoes in local market then caught by the authorities. Her crime？ "Engaging in speculation."
She was sentenced to death and executed.
Don't forget the dark age of evil China.
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Bin Xie
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