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Guys, we told you on Sunday about how bad the housing market was and how experts don’t see a rebound in sight.
Well, CNBC has run a new analysis on these record-high housing prices and there’s one new stat that I think deserves special attention.
FORTY-SEVEN PERCENT!
HOME PRICES HAVE RISEN FORTY-SEVEN PERCENT IN FOUR YEARS!
That’s a total and complete housing disaster. And who can be surprised with 12 million new illegal immigrants taking up new cheaper housing and leaving American citizens in the lurch?
I don’t know anyone who honestly thinks this is sustainable. […]
— Read More: notthebee.com
