Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

The latest developments currently happening worldwide.
User avatar
Grand_Master
Site Admin
Posts: 342
Joined: Sat Apr 15, 2017 3:36 pm
Karma: 83

Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by Grand_Master » Tue Apr 24, 2018 11:57 am

According to the latest BLS data, average hourly wages for all US workers in November rose at a relatively brisk 2.7% relative to the previous year, if below the Fed's "target" of 3.5-4.5% as countless economists are unable to explain how 4.1% unemployment, and "no slack" in the economy fails to boost wage growth. Another problem with tepid wage growth, in addition to crushing the Fed's credibility, is that it keeps a lid on how much overall price levels can rise by, i.e. inflation. Meanwhile, with record global debt, it has been the Fed's imperative to boost inflation at any cost to inflate away the debt overhang, however weak wages have made this impossible.
https://www.zerohedge.com/news/2018-04- ... -francisco


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

User avatar
Grand_Master
Site Admin
Posts: 342
Joined: Sat Apr 15, 2017 3:36 pm
Karma: 83

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by Grand_Master » Tue Apr 24, 2018 11:58 am

That housing crash can't come soon enough...


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

User avatar
CosmicSentry
Ascended
Posts: 237
Joined: Sat May 13, 2017 11:08 pm
Karma: 71

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by CosmicSentry » Tue Apr 24, 2018 4:03 pm

Totally unsustainable. The only people buying these homes are foreign investors looking to hide their cash from their home countries.



User avatar
PrimeOfTruth
Disciple
Posts: 143
Joined: Mon May 22, 2017 11:46 am
Karma: 51

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by PrimeOfTruth » Tue Apr 24, 2018 4:13 pm

CosmicSentry wrote:
Tue Apr 24, 2018 4:03 pm
Totally unsustainable. The only people buying these homes are foreign investors looking to hide their cash from their home countries.
Yep. And all on the blessings of our politicians.



User avatar
CosmicSentry
Ascended
Posts: 237
Joined: Sat May 13, 2017 11:08 pm
Karma: 71

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by CosmicSentry » Thu Apr 26, 2018 11:47 am

PrimeOfTruth wrote:
Tue Apr 24, 2018 4:13 pm
CosmicSentry wrote:
Tue Apr 24, 2018 4:03 pm
Totally unsustainable. The only people buying these homes are foreign investors looking to hide their cash from their home countries.
Yep. And all on the blessings of our politicians.
Right.



Killa_Queen75
Disciple
Posts: 52
Joined: Tue Jun 06, 2017 11:41 am
Karma: 23

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by Killa_Queen75 » Thu Apr 26, 2018 11:55 am

CosmicSentry wrote:
Tue Apr 24, 2018 4:03 pm
Totally unsustainable. The only people buying these homes are foreign investors looking to hide their cash from their home countries.
Wow really? Man the whole Housing economy must be one big shitshow.



User avatar
Grand_Master
Site Admin
Posts: 342
Joined: Sat Apr 15, 2017 3:36 pm
Karma: 83

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by Grand_Master » Fri May 04, 2018 11:33 am

Killa_Queen75 wrote:
Thu Apr 26, 2018 11:55 am
CosmicSentry wrote:
Tue Apr 24, 2018 4:03 pm
Totally unsustainable. The only people buying these homes are foreign investors looking to hide their cash from their home countries.
Wow really? Man the whole Housing economy must be one big shitshow.
Its been a shitshow since 2008 and has only gotten worse.


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

vorporal777
Disciple
Posts: 69
Joined: Mon May 29, 2017 5:34 pm
Karma: 23

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by vorporal777 » Sun May 06, 2018 3:58 pm

The same problem has been going on in most cities in Australia as well. We are in big trouble



User avatar
Grand_Master
Site Admin
Posts: 342
Joined: Sat Apr 15, 2017 3:36 pm
Karma: 83

Re: Home Prices In 80% Of US Cities Grew 2x Faster Than Wages... And Then There Is San Francisco

Post by Grand_Master » Sun May 13, 2018 2:31 pm

vorporal777 wrote:
Sun May 06, 2018 3:58 pm
The same problem has been going on in most cities in Australia as well. We are in big trouble
Yep. I hear ya. Now it seems they want to limit how much you can withdraw from your bank as well.


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests