Independent thinking for complex markets and current events
Nearly half of millennials say the cost of living keeps them from buying a home. “Forty-five percent of people aged 23 to 38 say high living costs stop them from owning a house,” Bankrate said in a survey.https://www.bankrate.com/surveys/down-payment-survey-september-2019/ Only 38% of Gen X and 31% of Baby Boomers said the same. Bankrate also found that …
Rent in America is out of control. In 2000, the average rent was $639. Now? It's $1,713 nationwide, and $2,198 for a one-bedroom in California. Rent has jumped 6–8% year after year. The numbers don’t lie. pic.twitter.com/OPH5robtnv — Wall Street Mav (@WallStreetMav) July 30, 2025 As Harvard economist Ed Glaeser put it, “Housing affordability is …
$100B exits Canada since February. 🚨BREAKING – INVESTORS CONTINUE TO FLEE CANADA – STATS CAN Both Canadian and International investors continue to move their money out of Canada with almost 100 billion dollars having left Canada since Feb. …. 90% of the money is moving to the USA. pic.twitter.com/udqQSxTpxN — Tablesalt 🇨🇦🇺🇸 (@Tablesalt13) July 17, …
We live in a day and age where America has a cost-of-living crisis for every sector of the economy. Affording rent or buying a house? Too expensive. Having kids? Too expensive. Affording healthcare? Too expensive. It’s no wonder why so many people end up homeless and broke and in a ton of debt that they …
Woman who gets $4,000 a month in food stamps with Section 8 paying 90% of her rent, upset she has to sell her 2024 BMW after being ratted out.pic.twitter.com/UaTQmKjBMK — Darth Powell (@VladTheInflator) May 5, 2025 Section 8 will cover up to $6,192/mo for one family. That's the equivalent of a $1 million house pic.twitter.com/2J4i94xKMB …
$1M 30yr mortgage at 2.50% (covid time frame) = $3,951/month payment $1M 30yr mortgage at 6.85% (current national average) = $6,553/monthly payment Annualized that is a $31,224 difference. If you took out a mortgage or refi'ed with a mortgage that begins with a 2 percent, why… — Heisenberg (@Mr_Derivatives) April 26, 2025 The cost of …
These are brand new homes being built in San Diego, California You can’t buy these new homes, they are FOR RENT ONLY You’re never going to guess the price. $11,000 per month each. The American Dream is being absolutely destroyed pic.twitter.com/E8EP7SVVyE — Wall Street Apes (@WallStreetApes) April 22, 2025
John Comiskey has exposed yet another glaring example of FHA’s “partial claim” loophole in action. A California property owner with a $913,000 FHA-backed loan is collecting rent while skipping mortgage payments—knowing the FHA will step in to cover the bill. The pattern is clear. The borrower made one payment before stopping altogether. After 10 months, …
Landlord vows never to rent again after years of court battles and unpaid rent. 🚨 Ontario landlord trapped in nightmare: $25K lost, tenant boasts ‘"We’ll be in court for years." 🔷 $25,000 in unpaid rent, landlord forced to sell RRSPs to cover mortgage. 🔷 4 years of tenant issues, 3 eviction hearings, all appealed. 🔷 …
A full-time worker, now homeless. This isn’t a rare case—it’s America’s new reality. Rent prices have skyrocketed, and landlords demand 2.5x income to qualify. American citizen breaks down in tears because she is now living in her car “for the foreseeable future” She has a job but rent prices are so out of control in …
The New Tenant Rent Index, which leads CPI Rent, declined sharply in Q4. pic.twitter.com/tx68aJFd8c — Augur Infinity (@AugurInfinity) January 22, 2025 Powell has mentioned the Cleveland Fed "New" rents vs. that of "All" rents, knowing that New will lead the All. New rents just came in at -2.43%. pic.twitter.com/1sQf9eCaiQ — Randy Woodward (@TheBondFreak) January 22, …
It’s more expensive than ever to rent. In fact, rents were unaffordable in 2024 for almost 25 million households in the United States, an all-time high, according to a report on America’s Rental Housing by the Joint Center for Housing Studies of Harvard University released this month. The most astonishing finding highlighted by analysts in …
Here is a great research paper by an academic that explains why unemployment claims are so low. https://t.co/WN4F9MI3IB — WarnTracker 2.0 (@j77324) December 1, 2024
HUNTER BIDEN TRIED TO PAY RENT WITH PAINTINGS MADE WITH POOP Wait… what?! Source: Sequoia Ventures Partner, @shaunmmaguire pic.twitter.com/1HU9fd56QQ — Mario Nawfal (@MarioNawfal) December 2, 2024 😂👌 — Mario Nawfal (@MarioNawfal) December 2, 2024
The rising cost of living, particularly food prices, has been a significant issue. According to recent data, food prices have reached record highs, impacting many households. A survey conducted by the Urban Institute found that nearly one in four renters in the U.S. reported skipping meals in the past year to afford their rent and …
Lawsuits Mount Over Software Used by Landlords to Set Rents Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private data, amounts to collusion. Imagine a system that lets big landlords in your city work together to raise rents, using detailed, otherwise-private information about what their competitors are charging. Such a …
pic.twitter.com/jsEuuIkJvs — Don Johnson (@DonMiami3) July 21, 2024 Budget Car Rental offers a service called Uplift, which allows you to spread the cost of your car rental over fixed monthly payments
The McDonald’s at San Francisco’s Stonestown Galleria has closed its doors after 30 years in business. The franchisee owner, Scott Roderick, cited two main reasons for the closure: Rent and Property Taxes: The landlord was unwilling to negotiate a long-term and sensible rent for the Stonestown location. Additionally, the property taxes and shared tenant mall fees were the highest paid for …
by mmofrki I’ve heard that unemployment is severely down but that’s due to most people needing to work upwards of three jobs just to scrape by. It’s scary how unsustainable it is. Especially given how unaffordable Healthcare is in the US, now imagine exhausted, sleep deprived people having heart attacks or other cardiovascular issues due …
Seattle introduced a mandatory $5 fee on delivery apps to cover their driver’s living wage and sales were almost cut in half. Now the drivers can’t make rent. pic.twitter.com/gOZmX1vvwX — Chef Andrew Gruel (@ChefGruel) February 5, 2024
via Mike Shedlock: There’s a recurring claim that the price of rent will decline as soon as the near-record number of housing units under construction are completed. Let’s investigate the claim. Housing units completed from the Census Department, Rent of Primary Residence from the BLS, chart by Mish. The price of rent has gone up …
Adults should be able to cover rent for a one-bedroom apartment AND groceries. h/t ChefAccurate942
via thenevadaglobe: The Globe received a scoop this morning that a complaint was filed by a Douglas County resident with the Vacation Home Rental (VHR) Advisory Board against billionaire climate investor Tom Steyer, owner of the Glenbrook mansion that the First Family is renting while on a nine-day vacation in Lake Tahoe. The complaint reportedly cites that …
by mrmrmrj Everything is fine. Really. This is BEFORE student debt repayments begin again in September. When payments resume, defaults will skyrocket. The entire program is a disaster in slow motion. People will choose housing, rent, food and utilities and likely default on their… pic.twitter.com/W4xIxbx3o0 — Wall Street Mav (@WallStreetMav) August 22, 2023 The …
by Chris Black The UK is a small place. They flooded it with immigrants that breed like rats. How could there be anything other than a massive rise in the cost of housing? Maybe immigrants can use diversity to lower housing costs? If they can’t do it with diversity, I’m sure they could use vibrancy. …
