By Tim Kirby
Source: Covert Geopolitics
There is now an unprecedented spike in housing costs while COVID-19 has driven down the wealth of the average American.
Let’s begin our discussion of the next Housing Crisis with a relevant personal anecdote, that is a microcosm of what is happening all over the United States right now.
Some of my relatives made the wise decision to live within their means and build a smaller (by American standards) house in the early 2000s. They live in the Midwest which means there is generally plenty of space for a big house even within city limits. Mortgages and loans were super easy to get for even fantastically large sums of money at that time. So my kin were definitely in the minority in terms of choosing something smaller and affordable rather than a giant debt pit with a huge kitchen. In a region of America…
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