Real median incomes are continuing to fall

BrianBallsOfSteel | Feb 13, 2013 11:30 PM ET Earth_Scientist | Feb 13, 2013 03:34 PM ET Communities might have to implement covenants to prevent flippers/investors from borrowing money from The Fed and then buying swaths of cities. -------- How do you surmise they are getting money from the FED?

BrianBallsOfSteel | Feb 13, 2013 11:35 PM ET Earth_Scientist | Feb 13, 2013 03:34 PM ET Communities might have to implement covenants to prevent flippers/investors from borrowing money from The Fed and then buying swaths of cities. -------- these are not the REAL first time home buyers...

BrianBallsOfSteel | Feb 13, 2013 11:36 PM ET JRFool | Feb 13, 2013 02:05 PM ET First time buyers are largely earning near the poverty level and their DTI is prohibitive for a house loan. ------- these are not the REAL first time home buyers... sorry for the booboo previous post...

giofls | Feb 14, 2013 02:26 PM ET Real median incomes are continuing to fall at about 1% per year, based on the reported inflation of 2 to 2.5%. So, whatever model you use for affordability (DTI, multiple of income, etc), middle class housing prices can`t rise any more than about 1% per year in nominal $s over the long haul. Add the current unemployment problems and aging demographics, and the forecast for housing over the next 10 years can`t be very good. What happens this month or next month or even this year is hard to predict, but the longer-term trend is what it is.






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Real median incomes are continuing to fall

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