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Homes In Largest Metro Areas Out Of Middle Class Reach
Posted May 15th, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Gold dipped back below the key $1,300 an ounce level, in choppy trade on Thursday, and is currently trading at $1,294.60 an ounce while silver followed gold lower, easing to $19.44 an ounce after a better than expected U.S. jobless claims report while April consumer prices recorded their largest increase since June. Gold is still one of the better performing assets and is up 10 percent year- to-date while the S&P which is trading near record all-time highs has gained less than 3 percent.
 
The Dow fell nearly 200 points on Thursday following a disappointing earnings report from retailer Wal-Mart Stores Inc, its worst showing in five years. In the meantime, U.S. equities are trading at historic highs, while gold is trading 32 per cent below its all-time high of $1,923 an ounce that was set nearly three years ago. The rotation out of equities and into precious metals that began at the start of January is now being called a new trend.
 
Meanwhile, at the same time the Fed keeps telling us the economy is back on track, the number of middle class Americans who can afford to buy a home is plummeting. According to a report released by real estate research firm Trulia, in 20 percent of the largest metropolitan areas in the U.S., the middle class has been completely frozen out of the home buying market.
 
Trulia's Jed Kolko noted that monthly payments for an average home are now 20 percent higher than just one year ago. Now as inflation increases with the upturn in hiring, everything else increases as well, including the rent. "In most U.S. markets, the majority of homes for sale are within reach of the middle class, and buying is cheaper than renting in all of the 100 largest metros," said Kolko.
 
It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments (learn about us here), it
doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



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