Sharing is Caring!
by Boo_Randy
Rents are soaring and millions are homeless, yet the Fed is still fueling Housing Bubble 2.0 with its purchases of MBSs from its bankster cronies.
www.bloomberg.com/news/articles/2022-07-13/rents-in-us-rise-at-fastest-pace-since-1986-buoying-inflation?sref=ibr3A0ff
Rents rose in the US last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high.
An index measuring rent of a primary residence was 0.8% higher in June than the month before, an acceleration from the 0.6% increase recorded in May, according to the Labor Department’s report on consumer prices published Wednesday. In the 12 months through June, rents were up 5.8%.
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