![]() That’s even as prices dropped slightly during the latter half of 2022. More broadly speaking, found slightly better results, with a 6.5 million shortage of single family homes overall. It’s important to note that’s only for those in extreme poverty. That’s Americans at or below the federal poverty line, 30% lower than median income. The National Low Income Housing Coalition found in a recent study that there’s a national shortage of 7.3 million affordable and available rental homes for extremely low-income renters. The biggest difference between then and now? While interest rates continue to rise, he says today there’s a “dramatic” shortage in terms of housing inventory. “We were using data, not emotions to actually figure out what was going on.” ![]() “We predicted exactly what would happen,” Ramsey said. During a recent episode of The Dave Ramsey Show, he had a few choice words for Americans fearing a repeat of 15 years ago. Say what you want about the guy, but when he ventures a prediction connected to consumer finance, he’s often on target - sometimes with frightening precision. Thanks to Jeff Bezos, you can now use $100 to cash in on prime real estate - without the headache of being a landlord. What do Ashton Kutcher and a Nobel Prize-winning economist have in common? An investing app that turns spare change into a diversified portfolio Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. So if Americans today - what with soaring mortgage rates and high-profile bank failures - feel shaky about the housing market, who can blame them? Don't miss The complex causes of the subprime mortgage crash of 2008 all led to one result: Housing prices plummeted by a third, according to the Washington Post. Remember the Great Recession? If you do, chances are it’s not fondly - and if you were heavily involved in real estate, or underwater on a mortgage, then a decade-plus later you still may be licking your wounds. 'I told you so': Dave Ramsey made the correct call on US real estate 18 months ago - but is he still right about housing in 2023? Here is what the financial guru predicts now
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