An American purchases a typical home for $653,000.
Their monthly payment is $5,155...... yet $3,241 of that disappears straight into interest and property taxes.
Despite a hefty $131,000 down payment, the bulk of each payment barely reduces the principal balance.
This isn’t true homeownership guys...
It’s financial strangulation 🚨
It doesn't make any sense. This BS system needs to hurry up and collapse.
I AGREE 👍🏻
DEBT BASED AND BUILT ON A FOUNDATION OF CARDS ....
2008 COMING AGAIN SOON ? OR WOULD YOU CALL THAT COVID ?
It's the Cantillon Effect from COVID money printers going brrrrrr.
It takes time for the effects of inflation to materialize. People expect to see real estate drop vs. the dollar, but it looks like the dollar is dropping vs. monetary metals instead.
I suspect the Central Banks of the world are resetting the monetary system. Things are already becoming more expensive for the people of the United States.
Nothing stops that train.
Very well said Marc 🙂
