Subject: Cities Where Homes Cost Less Than a Car
For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of new American cars — except, as investments go, they are slightly more risky. These are the cities where homes cost less than a car.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Here is the most important financial news affecting the markets today.
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JON C. OGG
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