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California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 …
via Naturalnews: Congress is taking aim at the nation’s parasitical hedge funds, which are largely to blame for the housing crisis and bubble market that is preventing many hard-working Americans from owning a home. Two bills proposed by Democrats this week would require all hedge funds with single-family homes in their portfolios …
The Welsh Government and Refugee Council is using little girls to encourage refugees to claim benefits and housing in Wales, a 'sanctuary country'. Absolutely disgusting and totally reprehensible conduct. 😡 pic.twitter.com/Kv6ZT2j9ew — UK Justice Forum 🇬🇧 Latest Video News Updates! (@Justice_forum) December 19, 2023 Comments:
by confoundedinterest17 There is a sudden fire in housing as housing starts soar in November. Housing Starts: Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,560,000. This is 14.8 percent above the revised October estimate of 1,359,000 and is 9.3 percent above the November 2022 rate of 1,427,000. …
Economic inequality worsens in the U.S. as the top 1% amass more wealth. Housing affordability declines. The 1% are crushing it 👇 pic.twitter.com/0Wfsj4EbR6 — Win Smart, CFA (@WinfieldSmart) December 14, 2023 Housing is less affordable for both renters and buyers alike, per Bloomberg: pic.twitter.com/vT3bMKiKxV — unusual_whales (@unusual_whales) December 14, 2023
A new video has surfaced on X showing the location of a warehouse in the Chicago metro area where nearly 3,000 illegal migrants have been packed into. This comes as the US southern border continues to spiral out of control as disastrous open border policies by the Biden administration have …
Legislation would also require BlackRock vanguard hedge funds to sell their portfolios of houses. I’m sure it’s to win brownie points with the voters although the implications of it actually came to pass could be devastating to areas like Phoenix Arizona. Hedge funds have purchased 44% of homes for sale …
Niagara Falls 🇨🇦 vs Niagara Falls 🇺🇸 This is what happens when you destroy your economy so badly that the only way your dollars can flow back is into property. https://t.co/ft7U8JsfYA pic.twitter.com/YFcGENFX4e — Financelot (@FinanceLancelot) December 7, 2023
Despite a surge in mortgage rates, home prices continued to rise, registering a 3.9% increase in September compared to the previous year, according to the S&P CoreLogic Case-Shiller Index. This growth coincided with a climb in the 30-year fixed mortgage rate towards 8%. While rents show signs of easing, home …
https://www.youtube.com/watch?v=HcHekbE7_90 There was a time when the American dream included home ownership, but that dream has now become a nightmare for many. That’s because millions of Americans are going to see their home equity being wiped out by the imminent housing collapse. A report from credit analytics firm TransUnion found …
As investor purchases in the housing market plummet at an unprecedented rate, dropping 29.7% year over year to 48,667 in Q3 2023—the lowest third-quarter level since 2016—the broader US real estate landscape faces a significant slowdown. Investors are scaling back on their purchases in the housing market at a record …
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the …
by confoundedinterest17 Under Biden’s Reign of Error (or green economic transformation), the US has seen over 8 million illegal immigrants enter the US which is a far greater number than births in the US. In other words, Americans apparently are NOT being born under a bad sign. Hence, the US is …
Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach. Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest …
Under Justin Trudeau’s lengthy leadership, Canada grapples with an infuriating reality: a shocking 2 million people now rely on food banks in a single month. These startling numbers showcase the escalating economic hardships faced by countless Canadians. Trudeau’s era has seen the worst inflation rates in four decades and the …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets …
In a revealing interview, Justin Trudeau faces harsh scrutiny as housing prices have skyrocketed by 70% during his tenure, while the average rent has surpassed $2,000 per month and continues to climb. 🔊 … Justin Trudeau gets wrecked in this interview 🚨🚨🚨 "Since you took power in 2015, the benchmark …
by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many …
The Federal Reserve’s efforts to weaken the labor market could have serious implications for the housing sector, as dwindling savings and potential job losses create a looming threat of rising foreclosures, amplifying the fragility of the housing market. If the Fed "succeeds" in weakening the labor market, it will impact …
Remember when they told you that it was subprime borrowers that caused the 2008 housing crisis? They lied https://t.co/8MmwYOoN70 pic.twitter.com/UO2J54qSEJ — Darth Powell (@VladTheInflator) November 5, 2023
Photo by Roselyn Tirado From Brandon Smith We’re enduring a stagflationary crisis – there’s no way around it. It doesn’t matter how much oil Joe Biden dumps on the market from the Strategic Reserves. It doesn’t matter how many jobs he is able to temporarily buy with $8 trillion-plus deficit spending. It …
US housing situation keeps getting worse pic.twitter.com/aTjlWu6cDi — Bravos Research (@bravosresearch) November 2, 2023 https://www.salon.com/2023/11/02/maga-and-christian-nationalism-bigger-to-america-than-hamas-could-ever-be/
https://www.youtube.com/watch?v=aRUEJcosvC8 Phase two of the housing bubble burst is officially here. A major reversal has started as sellers continue to slash prices amid rising mortgage rates. A wave of price cuts is about to change everything in the market, especially with inventory levels increasing while demand is falling off a …
The path to achieving housing affordability presents a formidable challenge. With mortgage rates at 8% and current property prices, the National Association of Realtors (NAR) suggests that a substantial 63% increase in income is required. These figures underscore the pressing need for comprehensive solutions to address the housing affordability crisis, …
Canada likely sitting on the largest housing bubble of all time, per Phillip Colmar Read more: https://t.co/AFsqM8RLbe — unusual_whales (@unusual_whales) October 27, 2023 https://twitter.com/JToyts/status/1716938306368532953 Additionally, there's growing concern about the looming burst of a long-overdue #housing bubble in Canada. High household debt, home price-to-rent ratios, and the interaction between these …
Cities like Phoenix on the brink of recording all-time high eviction numbers, as a growing number of apartments resort to desperate measures, including offering three months of free rent, amidst an unprecedented construction boom. The housing rental market is absolutely FUCKED. We've been reporting cracks in vacancy rates for over …
Escalating mortgage rates have made buying a home prohibitively expensive, and renting is now the more compelling option. Home buyers are backing out of deals at the highest rate in a year, per BI. — unusual_whales (@unusual_whales) October 23, 2023 The number of homeowners hit with foreclosure notices in the …
via housingwire: In this brutal housing market, you’ll need to make $115K to buy the typical US home It is almost 3 times more than what the standard American household makes. The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing …
Fastest Declining US Housing Markets (1-Year Drop): 1. Austin, TX: -11.6%2. Boise, ID: -8.6%3. New Orleans, LA: -8.0%4. Lake Charles, LA: -8.0%5. Phoenix, AZ: -7.0%6. Las Vegas, NV: -7.0%7. Provo, UT: -6.7%8. Reno, NV: -5.7%9. Chico, CA: -5.7%10. San Jose, CA: -5.5%… — The Kobeissi Letter (@KobeissiLetter) October 22, 2023 …