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How the Aristocracy Ate the Housing Market

How the Aristocracy Ate the Housing Market

$33,000 PER YEAR for the typical house

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John Rubino
Aug 26, 2023
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John Rubino's Substack
John Rubino's Substack
How the Aristocracy Ate the Housing Market
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The Kobeissi Letter just posted some nightmarish housing stats:

BREAKING: Median cost to buy a house hits a new record of $2,748/mo, up a MASSIVE 90% since 2020.

In other words, buying a house today costs nearly $33,000 per year.

This is 46% of the median PRE-TAX household income in the US. Post-tax, homebuyers in the US are spending nearly 70% of their…

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