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Home Foreclosures are Surging. Repeat of 2008 Mortgage Bust Coming? | Nick Gerli & Amy Nixon

Wealthion - Be Financially Resilient

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The Importance of Affordability

Inflation adjusted home prices have grown 92% since 1970. While inflation adjusted family income has only grown 24%. And you see this cavernous gap prices have grown four times more than incomes. The longer the rates stay higher, the more distress there's going to be in terms of defaults and foreclosures. We may find ourselves in a scenario where we don't need it to be like it was in 2008.

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