♲ @latimes@twitter.com: Low mortgage rates and thriving employment should be the recipe for a strong housing market.
Instead, they’re deepening America’s affordability crisis. Why? www.latimes.com/business/story…
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silverwizard (silverwizard@friendica.obscuritus.ca)'s status on Tuesday, 30-Jul-2019 18:30:10 EDT
silverwizard
Because stagnant wages and rising wage gaps means that people who own homes buy for higher prices, driving up the prices, so a low price today was astronomical when average wages went up, so the people with wealth are buying the homes and renting to people without