Independent thinking for complex markets and current events
Watters: New York's been dipping its toes into communism for a while. Nearly half the city is on medicaid. 20% of the city on food stamps. One out of every three renters lives in a rent- stabilized apartment pic.twitter.com/GWka9JvMEb — Acyn (@Acyn) June 26, 2026
New data shows renters in many major US cities are now spending more than 40 percent of their income on housing. This is well above the recommended 30 percent threshold and is squeezing household budgets hard. In some cities the figure is approaching 50 percent for lower-income households. This trend is pushing more people to …
pic.twitter.com/NSn8Oqi4rJ — Annie (@ZeroWarningShot) December 11, 2025 BREAKING: US rent prices declined -0.2% MoM in November, to $1,706, recording the largest November drop in at least 15 years. This also marks the 5th consecutive month of flat or negative rent changes. Annual rent growth slowed to +0.7%, down from +1.5% in Q1 2025. This comes… …
NEW: Section 8 payments to be PAUSED due to Democrats keeping the government shutdown Landlord has just received a letter from the Housing Authority saying after mid November, payments will be paused “October is funded, partial of November is funded. After that, if the shutdown continues, we will not be getting paid our rent” Sad …
Trump made a bold tax pitch during a meeting with the Philippine president. He proposed no federal tax on profits from selling a primary residence. The idea mirrors a bill introduced by Rep. Marjorie Taylor Greene called the No Tax on Home Sales Act. Details are scarce but the effects are clear. Currently, single filers …
Many learn this the hard way. A place looks perfect during a noon walkthrough. The street is quiet, neighbors smile, the dog next door naps in silence. On paper and in person, everything checks out. Lease gets signed. Deposit is paid. Then night falls. After 8 pm, reality reveals itself. The same street that seemed …
Crucially, the estimates are an approximation based on several simplifying assumptions and limited data. The data we have from RealPage and Zillow measure both algorithm usage and rental prices at the level of a metro area, and not at the level of a rental unit. But in reality, the costs to renters of landlords using …
The federal government would have a hard time making “affordable” housing more difficult or costly to build than it is currently — Champ of Champs (@F6J9B) October 16, 2024
25.6% of U.S. renters are spending more than half their income on housing, per Axios. — unusual_whales (@unusual_whales) September 23, 2024 Personal Savings Rate Continues Decline The American piggy bank is running on empty. In a troubling sign for household financial health, the latest data from July 2024 reveals that the personal savings rate in …
Brittany Catucci rents everything she can. Like lots of 20-somethings, she doesn’t own the place where she lives, a three-story townhouse in Emeryville, Calif. But she and her boyfriend, Eric Markley, also rent their queen-size bed, Catucci’s work clothes and repair tools from Home Depot or AutoZone. “My friends don’t even blink at the fact …
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 …
State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state’s ongoing crisis over housing coverage. In two filings with the state’s Department of Insurance on Thursday signaling financial trouble for the insurance giant, State Farm disclosed it is seeking a 30% rate increase …
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 indicate that both homeowners and renters are struggling with high housing costs due to inflationary …
"Just 39% of renters make enough to afford the median-priced apartment."@Redfin pic.twitter.com/UPQi7t7m92 — Daily Chartbook (@dailychartbook) June 24, 2024
Rents have been rising faster than wages across the United States. Between 2019 and 2023, nationwide rents increased by 30.4%, while wages during the same period rose by 20.2%. This trend has particularly affected large cities like Atlanta, Charlotte, Miami, Phoenix, and Tampa, where the gap between wage growth and rent increases was widest. The median U.S. rent reached …
According to consumer price index data from the Bureau of Labor Statistics, the national average rent now stands at $1,371. This increase in rent costs has put additional strain on renters’ budgets. In contrast, renters’ income has not kept pace with these rising costs. Between 2017 and 2022, the cost of all goods and services increased …
Half of all US renters are renting above what they can afford Red denotes rent prices greater than 50% of their income pic.twitter.com/Y1ogVCY0CT — Michael Burry Stock Tracker ♟ (@burrytracker) May 24, 2024
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 and prospective homeowners are being mercilessly squeezed, with only those fortunate enough to have secured …
Literally had to leave the state because I could not find a reasonable studio. Crossed the state border and living a better life! h/t thinkB4WeSpeak
via Mike Shedlock: The great escape from Blue states to Red states continues in 2023. California, New York, Illinois, New Jersey, and Massachusetts are the five top states people are fleeing on an absolute basis according to a National Apartment List Report on migration. Percentage Basis On a percentage basis people are fleeing New York, California, Hawaii. Alaska, …
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
Recent data from Redfin reveals a notable shift in the real estate landscape, indicating a decline of over $100 in the median monthly mortgage payment within the last month. This coincides with a drop in mortgage rates from 8% to 7.3%. Despite the potential benefit for homebuyers, Redfin emphasizes that high mortgage rates are contributing …
DFW rents are now negative y/y, when I get my lease renewal and see the increase, I'ma tell them to f'uck off and move to one of the many apartments offering much lower rates. — goldenkazeburny (@goldenkazeburny) October 7, 2023
About 46% of renters in the U.S. are currently struggling to make ends meet, according to Harvard University researchers — unusual_whales (@unusual_whales) August 9, 2023 The cost of both buying and renting a house in America has skyrocketed since 2020. Buying a house now costs $2,700/month on average, up an alarming ~86% in 3 years. …
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: …
by confoundedinterest17 The good news? Mortgage purchase demand fell only -0.05% from last week. The bad news? Mortgage purchase demand is down -35% since Resident Biden was sworn in. And mortgage refinancing demand is down a whopping -90%. Reason? Mortgage rates are up 128% under Clueless Joe. Mortgage applications increased 0.5 percent from one week …