An affordability nightmare:
It would take a -38% drop in home prices OR a +60% JUMP in household income JUST for affordability to go back to 2019 levels.
You must now make ~$113,000/year to afford the MEDIAN home in the US.
Will housing ever be affordable again?
(a thread)

As we look ahead, we believe the themes driving home prices will result in major macroeconomic shifts.
This is redefining the way markets are moving.
Want to see how we are capitalizing on it?
Subscribe to access our premium analysis below:
Lastly, take a look at this graph of income needed to buy a home versus household income, per Reventure.
This metric has not been below ~25% in almost 4 years.
We are seeing compounding affordability losses.
Follow us @KobeissiLetter for real time analysis as this develops.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share