The past two months have seen a barrage of negative news coverage focusing on the US housing market…
… which is predictable: after all, with mortgage rates soaring at the fastest pace on record to decade highs, and sending US housing affordability to the lowest in history… … only a handful of the “1%” can afford the American Dream.
Alas, it also means that just like in 2007, a housing crash is now just a matter of time.That much is known. What is also know, is that once housing craters, the largest US residential and commercial landlord – private equity giant […]
Read the rest of this story here: www.zerohedge.com
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