America Getting What it Voted For (Twice…)

5 Nov

Hope and Change You Can Believe In…

The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.” What happened since then is that the American Dream briefly became a full-blown nightmare when in Q3 mortgage rates exploded, pummeling the affordability of housing, and ground any new mortgage-funded transactions to a complete halt (don’t believe us – just ask the tens of thousands of mortgage brokers let go by the TBTF banks in the past 6 months). Which is why it was not at all surprising to find that the just updated Q3 homeownership rate has remained stuck at 65.1%: the lowest since 1995.

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Homeownership%20Rate%20Q3.jpg

 

Meanwhile – Who’s gonna pay for Obamacare?

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/07/20130727_income.jpg

Three More Years!

Zero Hedge

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