How the Aristocracy Ate the Housing Market

$33,000 PER YEAR for the typical house

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…