The economy is booming after President Donald Trump’s first year, and the American housing market is reflecting that.
According to Standard & Poor’s, U.S. housing prices have surged 6.2 percent from just one year ago, signifying a strong demand from Americans looking to buy as the economy improves overall.
What are the details?
The 6.2 percent increase is 6 percent above its previous peak in 2006, according to the S&P analysis.
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Question....
ReplyDeleteWhat do you get when the Federal Reserve 'prints' trillions of dollars, buys trillions of dollars in 'bad' mortgages, hands out trillions of printed dollars at zero or near zero interest rates, and holds interest rates at historically low rates for nearly a decade?
Hint: Think helium balloons.
Jefferson wrote. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
Now, it does not mean you shouldn't try to profit from the Ponzi scheme but just don't forget to hedge your bets.
Y'all have a nice day.
Hint: Think helium balloons.
Delete:)Can't believe the CA prices continue to go up.