Monday, August 10, 2015

USA Foreclosure: Monthly cost of home ownership down over 50% from 2006

When I first began writing about the housing bubble in early 2007, I believed prices would crash because the cost of ownership using conventional financing far exceeded people’s ability to pay. I predicted prices would fall about 40% as rents and incomes increased and prices went down. I...
Monthly cost of home ownership down over 50% from 2006

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