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Lee steps up verbal warning against owners of multiple homes
PoliticsKorea Herald1d ago

Lee steps up verbal warning against owners of multiple homes

President Lee Jae Myung said Tuesday that owners of multiple homes should not avoid risks and responsibilities associated with their investments if housing prices are normalized, stepping up his verbal warning against them. Hardening his resolve to stabilize the overheated housing market in the Seoul metropolitan area, Lee shared a link to a news report that pointed to weakening market expectations for housing price increases. "People know that the real estate market, particularly the apartment

Grinding The American Middle Class To Dust
Businesszerohedge3d ago

Grinding The American Middle Class To Dust

Grinding The American Middle Class To Dust Authored by MN Gordon via EconomicPrism.com, The housing market, for much of the 20th century, was the bedrock of the American Dream. Home ownership, and the financial stability it represents, was a sure path to middle-class prosperity. That dream turned to a nightmare for many American families during the epic real estate bubble and subsequent bust in 2008-09. What’s more, in the near two decades that followed, federal monetary policie...