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This is not fixed by cutting mortgage rates a hundred or 200 basis points (if that is even possible vis Fed rate cuts)
It’s fixed with lower HOME prices.
IOW, trade a home affordability crisis for a financial crisis
22 tuntia sitten
The median household income necessary to purchase the median priced home for sale in the US ($124k) is now 57% higher than the current median household income ($79k). This is the most unaffordable housing market in history.
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