SUMMARY: My mind is blown after reading Ramesh Ponnuru’s latest op-ed that argues housing was NOT the main cause of the 2008 economic collapse, a crazy stat finds 40% of people in Los Angeles have a 7 figure house but only make 5 figures a year, delinquency rates continue to fall, and Jerome Powell testifies on Capitol Hill.
- Housing Bubble? Not Now & Not Then
- Insane Stat in California
- Delinquency Rates Continue to Fall
- Powell Discusses a Return to Normal
But wait, there’s more…
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