Affordability continues to move down because real wages continue to move down. Even with lower house prices wages have not kept up with inflation. Now the United States is struggling in the world economy, and the concern of rising wages makes us less competitive. It is a Catch 22. If wages rise to keep up with inflation then American companies cannot compete with imports, and exports will be less competitive. If wages stay down then American families struggle more and more every day to survive. This is much more than a housing crisis. The fixes the federal government is attempting to apply are ridiculous. They do not address the real issue. more...
