In a slide titled “The After Math Of The Housing Bubble,” JP Morgan Funds’s David Kelly offers a chart of monthly rent versus monthly mortgage payments to show the imbalance in the housing market.
Americans continue to be unable or unwilling to buy a house, and still remember what happened in the housing market a few years ago.
Meanwhile, this the demand for rentals have exploded, so much so that average rents are much higher than average mortgage payments.
Here’s the chart illustrating the evolving trends:
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