Independent thinking for complex markets and current events
1) Austin's housing market is a cautionary tale about what can happen in "boomtowns". Everyone moves in. The prices surge. Builders start pulling too many permits. And then, sooner than you know, the market flips. And inventory gets dumped onto the market as demand and prices… — Nick Gerli (@nickgerli1) May 24, 2024 2) You …
Hold onto your hats, Austin – the housing market saga just took another twist, and it’s not for the faint of heart. According to a tweet by @nickgerli1, despite a jaw-dropping 16% drop in home values from the mid-2022 peak, the reality check hits harder. Real estate in Austin is still playing in the expensive …
House Republicans on Wednesday approved a measure to slash Defense Secretary Lloyd Austin’s salary from more than $221,000 annually to less than $1, based on their dissatisfaction with his work so far. The move has little chance of becoming law, but underscores the growing animosity between conservatives and military leaders reporting to President Joe Biden. …