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A recent report from the Harvard Joint Center for Housing Studies highlights an interesting paradox: while home prices soar and homeowners’ equity increases, many homeowners are still struggling with rising costs. Here are some key points: Equity Growth: The average homeowner’s equity has surged by $28,000 over the past year, …
“This is why your state 4 years ago had a surplus, one of the biggest surpluses in California history as of this year. You have a $73,000,000,000 deficit.” My Jaw Dropped & Hit The Floor While Listening To This. California Corruption IS OUT OF CONTROL California is ordering tiny homes …
Barcelona has taken significant steps to address the impact of short-term rentals on housing affordability. By November 2028, the city plans to revoke the licenses of 10,101 apartments currently approved for short-term rentals, including those listed on platforms like Airbnb and Homeaway. The decision comes in response to soaring housing costs in …
The impact of inflation has been particularly challenging for middle-class Americans. As prices surged, their income growth failed to keep pace, resulting in a strain on their ability to maintain their desired lifestyle. In fact, 72% of middle-income families now report that their earnings are falling behind the cost of living, up …
67% of middle-class Americans express concern that their income isn’t keeping pace with the rising cost of living. This situation has led to what JPMorgan analyst Matthew Boss calls a “selective recession.” While upper-income consumers fare better, lower-income Americans are struggling to make ends meet due to elevated prices and dwindling savings. The …
Amid rising financial pressures, a recent LendingTree study reveals that over 18 million Americans are living in homes that strain their budgets, highlighting a growing crisis of being house poor in high-cost states like California, Hawaii, and New York. House Poor Americans: A recent study by LendingTree revealed that more …
The rate of price increases for food has subsided in recent months, according to the latest government inflation data. However, shoppers still report feeling burdened by the prices they’re seeing in the grocery store aisles. To that point, within the past few years, 80% of Americans say they’ve felt a …
This is WHY your BLT sandwich costs $16 h/t Phennommennonn
This is something most people miss. Just because someone has a fixed rate mortgage it doesn’t mean their cost of ownership can’t increase. And if other costs do increase it’s identical to having an adjustable rate mortgage. At some point the owner has to sell. pic.twitter.com/t292RSSmCk — George Gammon (@GeorgeGammon) …
https://twitter.com/AInvestGPT/status/1793658297960005975 Average Rent Inflation Rises in April The last time rent inflation was this high was in 1987. The Consumer Price Index for Rent of Primary Residence across major U.S. cities rose 5.4% over the last 12 months through April, according to the latest data from the Bureau of Labor… …
Let’s examine the inflation and price changes since 2020. According to the U.S. Bureau of Labor Statistics, prices for all items have increased by 20.23% from 2020 to 2024. On average, this translates to an annual inflation rate of 4.71% during that period1. Specifically, here are some notable price increases: Gasoline: From December 2020 to December 2021, gasoline …
https://www.youtube.com/watch?v=gmnO4O1MBdM The decline of our country is explicit. While 99% of our population is struggling to adapt to the rising cost of basic necessities, the top 1% of ultra rich Americans has seen their wealth increase by nearly 500% over the past four years. Though an America where some have …
by confoundedinterest17 I saw former President Obama criticizing former President Trump for not passing “transformative” changes. That is, Trump didn’t sign any Obama-like transformative changes (like Obamacare). Truimp did try to slow down the damage done by Obama and his transformative agenda (e.g., open borders, wealth redistritution, green energy) that …
Homeownership is becoming an increasingly expensive endeavor in the United States. The average cost of homeowners insurance has soared to $1,915 per year. This figure is based on a 40-year-old homeowner with good credit and $300,000 worth of coverage. However, the cost varies significantly across states. Oklahoma, Texas, and Nebraska …
There’s a common belief that Americans would be in a significantly better financial position if only they could afford to buy a home. But has buying (particularly with a mortgage) and maintaining a home historically been that much cheaper than renting? If so, how much have homeowners saved on average? …
In a concerning development for U.S. economic stability, interest payments on the nation’s burgeoning debt have now exceeded expenditures on defense and Medicare combined. Key Points: Interest payments in the first seven months of fiscal year 2024 reached $514 billion, surpassing spending on national defense ($498 billion) and Medicare ($465 …
A child-care crisis, spurred by a bigger affordability crisis in general, is unfolding on many Americans. The average cost of child care for two children, which the majority of American families have, is greater than the average price of rent in all 50 states in the country, according to a …
The Democrat-dominated California state legislature has once again rejected a proposal to create a single-payer health care system — socialized medicine, or so-called “Medicare for All” — due to the high cost amid budget deficits. The idea of a government-run, publicly-funded health care system has tempted left-wing Democrats for decades. …
Housing costs may have gotten out of control, but there’s another expense that now poses an even greater burden to many American families: child care. Jessica Norwood, a working mother of two in North Carolina and host of the financial-literacy show “The Sugar Daddy Podcast,” said daycare costs when her …
The interest on our colossal national debt is the nation’s second-largest expense. And the situation is only getting worse. The nation’s Medicare and defense programs are expensive. But the cost of the national debt surpasses each of them. During the first seven months of fiscal year 2024, the U.S. spent …
Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA). In the EIA’s May Short-Term Energy Outlook (STEO), which serves as the Base case for analysis, …
The Drewry World Container Index surged by 16% this week to reach $3,159 per 40ft container, marking an astonishing 81% increase from the same period last year. Compared to pre-pandemic levels in 2019, current rates are a staggering 122% higher. Year-to-date averages remain significantly elevated at $3,227 per 40ft container, …
by Michael If you are like most Americans, the cost of living has been going up much faster than your income has been. Right now, millions of Americans that were once prospering are now deeply struggling. When I was growing up, most of the population could afford to live “the …
After 15 years Bitcoin has officially processed nearly as many transactions as the world needs in one day. In 2022, global credit card transactions were estimated to total 678 billion, or 1.86 billion per day. https://capitaloneshopping.com/research/number-of-credit-card-transactions/#:~:text=Highlights.,%2D10%20in%2Dstore%20purchases. Bitcoin costs (before recent halving) more than 100 CO2e per coin and emits more pollution …
by confoundedinterest17 Fed Chair Powell yesterday said he doesn’t see the “stag” in stagflation. Really? Well, in Q1 in the US… it failed to show up as non-farm productivity – or nonfarm employee output per hour – rose at a measly 0.3% annualized rate after an upwardly revised 3.5% gain in the prior …
With plans to await rate cuts and pull money from retirement, 73% of potential home buyers say the goal of owning a home seems unattainable. As nearly 71% of prospective home buyers await rate cuts, 68% say housing costs are causing financial anxiety, according to the latest BMO Real Financial …
Brace for higher electricity bills as EPA rules demand costly changes to power plants. CNN’s Bill Weir declares Biden’s coal power plant rules mark the demise of coal energy in America. Key Points: EPA requires carbon capture tech for coal plants, starting 2032, to continue operating past 2039. Carbon capture …
OE parts up over 10%, Aftermarket parts up 17%, Automotive paint cost up 40%, advanced electronics/safety equipment on vehicles requiring calibrations, backordered parts causing delays in the repair, Insurance companies staff down 14% delaying approvals on repairs, shortage of… — Portcitybob (@Portcitybob) April 23, 2024
via Mike Shedlock Insurance, repairs, and maintenance costs are up for both homes and autos. Some homeowners are skipping home insurance. What’s going on and who is to blame? Auto and Home Chart Notes All data via St. Louis Fed FRED repository, index levels all set to 1015=100 CPI components …
