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Despite Falling Prices, Housing Burden Still High for Middle Class

Though home prices have fallen dramatically as a result of the housing bust, paying the monthly cost of renting or owning a home hasn?t become any easier for many middle-income Americans families, a new study finds.
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"The Rent Is Too Damned High"

Business & Finance : Zero Hedge (11 months ago)

“In 1960, about one in four renters paid more than 30% of income for housing. Today, one in two are cost burdened,” according to a new study (ironically) by Harvard University. As Bloomberg BusinessWeek's Peter Coy notes, the availa... Read Post

'Panic Selling' In London Drives Fear That The UK Housing Bubble Is About To Burst

Business & Finance : Business Insider: Clusterstock (4 months ago)

Jim McCluskey/Flickr, CC There is one topic of conversation in Britian right now: The insane price of property, both to own and to rent. People on modest, middle class incomes who bought houses for a few hundred thousands pounds in ... Read Post

Oil Price Seen Falling To $60 If OPEC Does Not Cut Output

Business & Finance : Business Insider: Clusterstock (2 hours ago)

By Claire Milhench LONDON (Reuters) - Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. Brent crude futures have fallen 34 percent since Ju... Read Post


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