Global Economy Is On The Verge Of Collapse And Another Huge Wave Of Central Bank Liquidity Is Coming

Monday, November 11, 2013
By Paul Martin
November 11th, 2013

Mortgage Payments Rise To 40% Of Consumer Incomes: A Five Year High

Still think houses are extremely affordable? Still think rents, especially for rental stream-securitized offerings by Blackstone et al to widows and orphans , will continue rising in perpetuity? Think again. As the following chart from Bloomberg Brief shows, mortgage payments as a % of average consumer incomes has risen to 40%, up from the higher 20% as recently as a year ago, is still rising, and is now back to levels last seen in 2008.

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