Housing correction anyone?

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From Sunday’s New York Times:

The American housing boom in recent years is nothing compared with the price run-up in countries like France, Spain, Britain, Ireland, Sweden and Australia, even though markets in Australia and Britain have cooled in the last year.

Cooled? This from today’s Guardian:

House prices [in Britain] fell in April and annual price inflation dropped almost 50% from March, according to official figures published today.

The Office of the Deputy Prime Minister (ODPM) said the average price of a UK property was £181,832 in April, down 0.8% on March’s figure of £183,346.

Annual house price inflation across the UK fell from 12.6% in March to 6.9% in April, while in London the year-on-year price increase fell from 9.8% to just 2.7%. [emph. added]

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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