Reported 7 months ago
In June 2024, inflation in the US is easing, with the Federal Reserve favoring the 'core inflation rate' seeing a decrease for two consecutive months, increasing the possibility of a rate cut in September by 70%. Although the government claims inflation is slowing down, American citizens still feel the burden. In Silicon Valley, a newly painted seven-bedroom property is being sold for $700,000, approximately 22.6 million Taiwanese dollars, half of the average house price in San Jose. Despite appearing fine in photos, upon closer inspection, the house is in poor condition with signs of non-compliance with government regulations. The location remains a key factor in the sale of the property, which would require extensive renovations if purchased.
Source: YAHOO