Money Strong founder Danielle DiMartino Booth is out with her latest newsletter. And this one is on housing. Her view is that house affordability at the entry level has declined significantly. Moreover, Danielle notes that houses in the lowest-price quintile have gone up at a 8.5% annual rate for 67 months on the trot. With a 20% down payment as standard, many people are priced out of the housing market.
Two charts speak volumes.
Less affordable housing
First, there's the growth in real dis...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.