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Housing Hobbled By Low Wage Recovery


               
2014 Jun 16, 11:56pm   12,854 views  47 comments

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http://loganmohtashami.com/2014/06/17/housing-hobbled-by-low-wage-recovery/

Logan Mohtashami, Benzinga Contributor At the recent Chicago Booth Conferencein Los Angeles, Professor Amir Sufi and Ihad an opportunityto discuss his excellent new book, House of Debt, which lead to a further discussion on whyhousing has been soft for years. Three points are worth repeating. First, even thoughinterest rates have been low for a long period, mortgage buyers financial profiles aren’t strong. Unlike during the housing bubble and tech bubble of the last 2 cycles, our economy has not generated decent wage jobs — rather we have seen a growth in low wage service jobs. This is one of the...

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45   _   @   2014 Jun 19, 9:56am  

Negative YoY sales, with higher inventory and rates below 4.5% #DTI #LTI

46   phaster   @   2014 Jul 14, 11:45am  

Heraclitusstudent says

The problem is not low wages.

The problem is ultra high prices.

beg to differ, IMHO its a problem of too high "public" expectations, job skill "mismatch" in the general public, too much credit creation chasing "global" returns

47   _   @   2014 Jun 20, 5:32am  

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