Independent thinking for complex markets and current events
via WSJ: According to President Biden, health insurance in America is free or almost free (“as little as $10 a month or less” after subsidies) for about 80% of people who acquire it in an ObamaCare exchange. Most preventive care—the only kind of care healthy people require—is also free. If you are sick, things are …
The average monthly payment for a new-car loan hit $733 in this year’s second quarter, compared with $562 in 2019, according to Edmunds. pic.twitter.com/G2JwxDSjo7 — unusual_whales (@unusual_whales) August 28, 2023 https://twitter.com/diegosegui9424/status/1695894948929749441 According to the affordability index, we are officially in the least affordable housing market ever. Median new mortgage payments are nearing $3,000/mo and rents …
This week, mortgage rates in the US hit their highest since 2001. We are well above the 2008 highs and rising. After the Fed minutes were released today, rate expectations increased. Bumpy road for homebuyers. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 16, 2023 Mortgage rates …
Least affordable housing market so far. h/t Goldenbird666
ORLANDO, Fla. – A new cruise experience could be more affordable than the rent or mortgage you’re paying on land. There’s a new option to live on a cruise ship while traveling the world. “We’re excited!!” Barbara Violetta said. Violetta is a retiree from The Villages and she is crazy for cruises. In fact, she has been …