Independent thinking for complex markets and current events
45% of student loan borrowers expect to go delinquent when payments resume on October 1st. That's not good. pic.twitter.com/YOgF4udx67 — Joe Consorti (@JoeConsorti) August 28, 2023 Rent moratorium over ✅️Real rates at 15-yr highs ✅️Student loan moratorium over 🔜 Discretionary spending is circling the drain. Can someone say deflation risk? — Joe Consorti (@JoeConsorti) August …
Beginning this week, 804,000 federal student loan borrowers received emails from their servicers with the subject line “Your student loans have been forgiven.” The notices came as part of the Biden admin’s previously announced efforts to cancel debt for qualifying borrowers. Beginning this week, 804,000 federal student loan borrowers received emails from their servicers with the …
by bitkogan Alarming U.S Financial Stats of 2023: – Debt at record high – Interest expense on debt to reach record high– Credit card debt at record high – Average interest rate on credit cards at record high– Average monthly payment for new car at record high– Housing prices near… — Genevieve Roch-Decter, CFA (@GRDecter) August 9, 2023 WeWork …
Vaughan home prices and home sales tank in July. The spring real estate market in Vaughan comes to a grinding halt. Bank of Canada’s 2 rate hikes have slowed the whole GTA market down. Homes sales in Vaughan drop 46% and detached homes in Vaughan drop over $130,000 in just 60 days. h/t Simian_Stacker
Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore. Listed it for RENT for $6500/month 3 months ago. Zero interest. Seriously, who is going to pay $6.5k/month when you can buy a new build for $4k/month? 🤡😂🤡😂 — AKM (@akm515) July 20, 2023 Rental market right now: …
via newsweek: Some student loan borrowers encouraged others to default on their loans “en masse” following the decision by the U.S. Supreme Court to cancel President Joe Biden’s student loan debt forgiveness plan, but one expert told Newsweek why that may not be a good idea. “Okay, thing I can actually talk about: Mass default …
"Coming Back To Earth": UK House Prices Book First Annual Drop Since 2012 https://t.co/IFHbSaM10x — zerohedge (@zerohedge) June 8, 2023 UK house prices recorded their first annual contraction in May, attributed to affordability crisis. Lender Halifax published a new report showing UK house prices recorded their first annual contraction in May in over a decade. The decline …
More Ontario homeowners sold within a year of buying as interest rates climbed, report finds There’s been a “notable” increase in homeowners selling within one year of buying a property, particularly condos, since interest rate hikes started last year, according to a new report from land and commercial registry company Teranet. The latest edition of Teranet’s …