This is how monetary policies have crushed the value of labor.
Ludicrously high home prices hit end of the employment boom?
As long as local officials strangle housing starts, the mirage of affordability will be pushed further toward the distant horizon.
What happens to prices when the biggest, reckless buyer walks away?
Until shares can be sold, “valuations” remain fake wealth.
Bay Area housing affordability nightmare hits home, so to speak.
New scandal: another 570,000 (800,000?) customers become victims.
Snap Inc. tried to turn Big Investors into zombies. It didn’t work.
An ugly red flag for all of California goes up.
Investors who bought the hype are left holding the bag.