🎯

Also as an interesting side note (via The Kobeissi Letter):

“Americans now need $114,000 in annual income to afford the typical house in the US.

This is up a massive 90% from $60,000/year of income required to buy a typical house in 2020.

To put this in perspective, the median American HOUSEHOLD makes $75,000/year.

In other words, the median household income is now 52% BELOW the income needed to afford a typical home.

Mortgage rates have gone from 2.6% to 8.0% in the same time that home prices are up 30%+.” nostr:note1tr39ztlsmd8plt2na2qrynjus2z4q0pxt9supxpepyduqht2yf6s6y3j28