by John Rubino
Dollar Collapse
Home prices have never been higher when compared to the average family’s income.
[…] This kind of imbalance is normally a sign of an impending crash in home sales, followed by a drop in prices. But that’s not happening. Some recent headlines:
Home prices set records in July; Tampa 4th highest in nation
With no slowdown in sight, Dallas home prices go up 23.7%
Asking Price On Homes Increases 12% To An All-Time High
How is it that homes are both unaffordable and soaring in price? As with so many other things that shouldn’t be, the answer can be found at the intersection of Wall Street and easy money.