Great chart here from Bloomberg. This recession is so powerful that the usually invulnerable high end consumer might actually be at greater risk than the low end. The more expensive your home is the greater the likelihood of a prolonged price decline:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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