X @Nick Szabo
Nick Szaboยท2025-10-30 00:00
RT The Kobeissi Letter (@KobeissiLetter)US housing affordability has never been worse:The US home price-to-income ratio is now up to a record 4.4x.This means the average single-family home now costs over 4 TIMES what the median household earns.This has even surpassed the 2006 Housing Bubble peak of 4.1x.The ratio has risen by +1.2 points, or +38% since 2011.During this period, home prices have surged +139% while median household income has increased +68%.Housing affordability is horrible at best. ...