VIDEO: 31 Minutes with 40 Supporting Slides
THE SLOW DEATH OF THE SINGLE FAMILY HOME
Charles Hugh Smith and I do some independent investigative research into US Homeownership. The results are startling!
Most are aware that homeownership has become unaffordable based on housing prices and mortgage rates. However, the problem is much bigger and more complex when you look into Total Cost of Ownership.
4 Years of Inflation has changed the American Dream for many families.
KEY MESSAGES
- A single family house is being priced out of the market to raise a family in.
- The total Cost of Ownership is increasingly the problem not just the mortgage and capital cost
- Today to afford a home you may be too old to actually raise your family in it.
- Housing at these levels may not currently be the investment for you and your family – at least YET. A bridge may be required while your children are still young so you in a few years buy that home to raise your growing family in.
- The Problem is Global in nature
- The winners today are those preying on the system (Foreign Investment, Private Equity and the Wealthy from Financialization) are getting rich.
- Falling Mortgages Rates will not be sufficient, or ever get low enough, to solve this problem!
- Total Ownership costs must adjust downward – and they will or we have seen the end of the FAMILY home as part of the American Dream!
