The Darker Underbelly of the U.S. Housing Crisis

Housing - and much of the real estate sector - could be in for a rough ride, as housing starts sunk to a COVID-era low in July 2024. Permits to build plunged 4%. Could it get worse before it gets better? Economic uncertainty amid an election season is not helping, but high interest rates and real estate costs have created even more problems. Consider this story highlighting a couple making a combined $250,000 a year being unable to fit a home in their budget. This is not an isolated issue.

Swiss America CEO Dean Heskin and Chris Agelastos break down what's happening and why on the Secret War on Cash.

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Articles referred to in this podcast:
Housing Starts & Building Permits Plunged To COVID Lows In July | ZeroHedge
Couple That Earns $250,000 A Year Says They Can't Find A House In Their Budget | ZeroHedge