A hub for independent voices and hard truths
The median household income necessary to purchase the median home for sale in the US ($120k) is over 40% higher than the current median household income ($85k). The most unaffordable housing market in history continues. h/t RobertBartus
https://x.com/jam_croissant/status/1842958215757377892 First time buyers are getting older too https://www.cbsnews.com/news/average-homebuyer-age-millennial-data-realtor/ h/t Fun_Balance_1809
“For the first time since the 2020 pandemic buying a home has become more affordable: US homebuyers now need to earn $115,454 annually to afford the median-priced home with a 15% down payment. This is down 1.4% year-over-year, marking the …
They wonder why their economy has gone down the toilet. They used to criticise the Greeks for being lazy, now they have created state funded laziness. — Daniel Priestley (@DanielPriestley) September 25, 2024
These small changes are statistical noise. Price trend is still up and that will accelerate after the September cut. — The Greatest Degeneration (@1Aerosavant) August 15, 2024
Median down payment by generation The median down payment varies based on age demographic with the general trend of younger buyers being able to afford a smaller down payment as a percentage of the home purchased. For homebuyers 25 to …
Total Payout: Last year, Nashville’s pension system disbursed a staggering $205 million to retired public employees. That’s a substantial sum! High-Paid Retirees: Among the recipients, 68 individuals received pensions of $72,000 or higher. Notably, some former police officers secured impressive payouts: Michael Robinson: Collects over $187,000. …
Let’s dive into the affordability of median-priced homes in US metro areas. 2024 Affordability: More than 90% of metro markets (205 out of 221, or 93%) saw home price gains in the first quarter of 2024. The 30-year fixed mortgage rate ranged from 6.60% …
Due to inflation eating away at earnings and less supply of affordable housing, the majority of Americans today cannot afford median rent prices, according to a new report by the real estate company Redfin. The analysis comes as other reports …
This is the most unaffordable US housing market Home prices, adjusted for inflation, are much higher than even the peak of the pre-Financial Crisis period To put this into perspective: Median home prices had reached $350,000 in 2006 Today, it …
Median short interest is low pic.twitter.com/OShAKPPxXx — Win Smart, CFA (@WinfieldSmart) May 22, 2024 "In the week up to May 20, JPMorgan clients cut short positions by 4 percentage points, shifting into neutral while long positions were unchanged at 17%. …
Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters …
by confoundedinterest17 Somehow, today’s Existing Home Sales number don’t soothe me. After the collapse in housing starts and permits in March, it is no surprise that existing home sales disappointed in the same month, dropping 4.3% MoM (-4.1% exp) after surging 9.5% in …
A Super Bowl Ticket Costs Roughly 11.7% Of The Median Household Income teaser image “…the average price for a Super Bowl ticket on the secondary market is $9,024…”Purchasing a ticket for the Super Bowl in 2024 costs roughly 11.7% of …
California’s GDP increased by 173%, but median household earnings only grew by 4% SINCE 1984-2024 https://t.co/AZAxWOj9dj — The Punisher (of Wall ST) (@GregCrennan) January 9, 2024
“The median stock is down 36%, this is one of the worst bear markets in history, and everybody is talking about it as if it is a bull market” Check out the first half of my convo with @profplum99 here …
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 …
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 …
by Mysterious_Comb9550 Using the current average US rent price of $1,372, to match a mortgage payment with a 20% down payment, the home value would have to be around $200,000. Considering that the median home price is currently $410,000, this means that …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it …
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge …
US housing market affordability is, by far, at its lowest point in history. Even in the worst part of the 2008 financial crisis, affordability was ~15% BETTER than its current levels. With the recent move higher in treasury yields, we …
The contrast between the United States in 1960 and 2023 is quite striking when you look at these key economic figures. Back in 1960, the median family income stood at $5,600, while the median cost of a house was $11,900. …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median …
by confoundedinterest17 Danger Will Robinson! Danger! Median sales price of homes in the US sank by -7.4% in Q2 2023. This is particulary dangerous since it was the worst correction in home prices since two rather nasty recessions of 1970 and …
by confoundedinterest17 You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy! Yes, …
by confoundedinterest17 We are livin’ la vida Bidenomics! The 30-year conforming mortgage rate is currently 7.23%, up 161% under Biden and Bidenomics (code for massive Federal spending on green initiatives that go to large Democrat donors and Ukrainian oligarchs). Meanwhile, …
The monthly mortgage payment based on a median existing home is now at a record $2,322/month. This is double the $1,200 peak seen in 2008. Keep in mind, $2,322/month does not include taxes, insurance or any other costs associated with …
Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM — Darth Powell (@VladTheInflator) August 7, 2023 ⚠️INFLATION⚠️ Cost for US middle-class family of four outstripping median male income. In 1985… ◼️Costs: $17,586/yr◼️Income: $23,036/yr◼️Net: +$5,450/yr In 2022… ◼️Cost: $75,732◼️Income: $63,388/yr◼️Net: …
by betsharks0 > In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA) So are these people basically f***ed? The median house payment in the US is …