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The Housing Market Is Worse Than You Think 

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The house-price supercycle is just getting started

illustration of Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead.
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The waiting list for housing in New York City’s Section 8 program — which provides vouchers for rent — has been capped at 10,000 names. It stopped taking applications in 2008. Think about that for a moment. Our government’s primary program to provide affordable housing is so oversubscribed that you can’t even get your name on a waiting list. What’s going to happen in these subsequent months as our unemployment rolls swell? Where will people find shelter?

This Is All I Got

Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead.

Keywords: Collage, Conceptual, Digital, Graphic, Montage, Photoillustration, Editorial, Product, Financial

© Mariaelena Caputi