by (Dan here…Lifted from Bonddad blog by NewDealdemocrat): More on housing I’ve elaborated on my dissection of October housing permits and starts over at XE.com. Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out of apartments into existing homes. The story for all three is basically the same: compared with rents, the monthly payments on a house is a compelling bargain. Whether or not the plural of anecdote is data, somehow I doubt these three people are the only ones to make that calculation — which supports the data I published a month ago pointing out that even though house prices are very high, the monthly payment is very
Topics:
Dan Crawford considers the following as important: US/Global Economics
This could be interesting, too:
Angry Bear writes Subsidizing Fossil Fuels
Bill Haskell writes The New Economy and the Tariffs and Tax Breaks to Launch It
Joel Eissenberg writes Investing in the hoax market
Joel Eissenberg writes The future of the US dollar
(Dan here…Lifted from Bonddad blog by NewDealdemocrat):
More on housing
I’ve elaborated on my dissection of October housing permits and starts over at XE.com.
Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out of apartments into existing homes. The story for all three is basically the same: compared with rents, the monthly payments on a house is a compelling bargain.
Whether or not the plural of anecdote is data, somehow I doubt these three people are the only ones to make that calculation — which supports the data I published a month ago pointing out that even though house prices are very high, the monthly payment is very reasonable compared with the last 30 years, and a bargain compared with soarding rents.