Want to own your own home, but stuck, temporarily, renting until you can? You aren’t alone.
Wolf Richter outlined a pretty eery scenario.
The 2008 financial Armageddon was in larger part a result of the housing bubble bursting. Thanks to the subprime mortgage scandal, millions of homeowners were put in homes they couldn’t afford, making the awful game of musical chairs an inevitable and tragic charade. Continue reading “New Housing Bubble: Prices Up, Ownership Down, Wall Street a Mega-Landlord: “America is Becoming a Nation of Renters””