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7 In 10 Americans Believe The Crisis Is Not Over Or Worst Is Yet To Come: 52% Can't Afford Their Homes

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http://www.zerohedge.com/news/2014-06-04/7-10-americans-believe-crisis-not-over-or-worst-yet-come-52-cant-afford-their-homes

For all the talk about a recovery, pundits, especially those who peddle expensive newsletters, continue to forget one key distinction of the New Normal: there are those for whom the recovery has never been stronger, well under 10% of the population, i.e., the already wealthy whose net worth is allocated in financial assets. And then there is everyone else, that vast majority of Americans, who not only have not benefited by the Fed's relentless balance sheet expansion and accompanying asset reflation but whose incomes just posted the first decline in real terms since 2012.

It is this latter segment that should be concerned by a recent survey conducted by the MacArthur Foundation titled "How Housing Matters".

According to the survey during the past three years, over half of all U.S. adults (52%) have had to make at least one sacrifice in order to cover their rent or mortgage. Such sacrifices included getting an additional job, deferring saving for retirement, cutting back on health care and healthy foods, running up credit card debt, or moving to a less safe neighborhood or one with worse schools.

Housing%20matters%201_0.jpg

A glorious recovery!

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Would be nice to see if those revered wealth creators could see their way to creating some actual, like, wealth. Any time soon. Just peachy.

Rent farmers, coin clippers and cut purses.

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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