Sep 08
23
USA Today tells us that a lot of Americans spend more than 30% of their monthly income on housing. And as the map shows, renters are not much better off. By way of comparison, here’s CNN on housing affordability.
And so, what’s the obvious solution? USA Today tells us about that too! Just like in the old sitcom, it’s multi-generational households.
Let me close out with a few items on the proposed Wall Street bailout that is supposed to magically fix the mortgage markets: here’s Dave Johnson on the root causes of the current problems; a nice comparison of the current issues, the Great Depression, and Japan’s experience over the last few decades; the Stalwart gives us more on US/Japan comparisons; a bird’s eye view of the Paulsen plan; and the BondDad on the true costs.
Make sure you don’t have more than $100,000 at any single bank, ok? It’s still a madhouse out there in financial-land.
