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We’re Not In A Real Estate Bubble….It’s far worse than that – Rent prices have had the largest gain in nearly 15 years

June 26, 2021 /

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Houseforsale

What if the newly-redefined value of shelter is the maximum amount of annual rent that can be extracted per unit of housing?

 

The first day of real estate college, our professor made a joke:

“Mortgage comes from two Latin root words: Mort meaning death, and gage meaning grip.”

It’s not a funny joke.

It’s actually quite sobering.

A mortgage is a death grip.

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