thehousingbubble@gmail.com
Blog

Everyone Will Have Lost So Much Money, And Many Of Us Will Now Be Renting For The Rest Of Our Lives

A report from the Arizona Republic. “The number of February 2023 home sales in metro Phoenix was about 100 higher than February 2024, and the median price was about $28,000 less. ‘If you found February’s sales volume numbers disappointing, you’re really not going to like March,’ said housing analyst Tom Ruff with The Information Market, a division of ARMLS. ‘March’s closing numbers are facing a couple of unfavorable headwinds.’ He said mortgage rates are again hovering around 7%, which is ‘the definitive line perspective homeowners prefer not to cross.'”

KEYE in Texas. “New numbers from the U.S. Census Bureau show that for the first time in two decades more people are leaving Travis County than moving in. What this means is Austin’s flow of people is changing. The last time this happened was in 2002 when the dot-com stock bubble crashed. Melanie and husband Jordan Suber are a real estate power couple with EXP Realty. ‘You can buy homes for below market value because the home is not moving as quickly as it used to back in 2021 and 2022,’ Jordan said.”

New England Cable News. “Steve Rife and his family moved to a home in Winchester, Massachusetts, last November. He bought the house back in October — right when interest rates were nearing a historic 8%. ‘There was a window where the interest rates went up enough that prices started coming down a little bit,’ said Rife. He and his wife decided to take on a higher rate and put in an offer on the home, below asking price. Rife tell us what they’re paying for now is just interest. But he hopes interest rates go down soon, so he can refinance. ‘It’s almost like we’re renting, but we’re getting a little bit of equity,’ said Rife. ‘It’s going to be a long time before we own the equity in this house.'”

The Sun Sentinel. “Prospective homeowners in South Florida face a market rife with high price tags and mortgage interest rates. But with a rise in available listings, they’re also likely to find more choices when buying a home. Palm Beach County leads the way, with more than 5,000 active listings of single-family homes in February 2024, a 26% change from last year when active listings of single-family homes hovered around 4,000. Broward County’s inventory does not fall too far behind, with a 23% increase in single-family-home active listings from last year. The increase in active listings for townhouses and condos was even greater in both counties. Broward saw a jump from 4,547 listings last year to more than 8,000 this past February, a nearly 80% increase. In Palm Beach County, the trend was similar, with townhouse and condo listings rising from 3,973 to 6,242.”

“‘Some of the listings are just too overpriced,’ said Patty Da Silva, a broker with Green Realty Properties in Cooper City. ‘Some of the inventory that you see, the excess inventory is just not sellable.’ Price adjustments, which are essentially just decreases, happen a lot, she said.”

Los Angeles Daily News in California. “Embattled Los Angeles developer Shangri-La Industries, which has left a trail of unpaid debts, unfinished projects and foreclosure threats since it took $114 million from the state to convert motels into housing for the homeless, is now accusing its former chief financial officer of embezzling millions of dollars to fund an extravagant lifestyle. Shangri-La, which is being sued by state housing authorities for breaching the terms of its agreement under Gov. Gavin Newsom’s signature Project Homekey program, alleges in a lawsuit that former CFO Cody Holmes, 29, engaged in bank fraud and check kiting in 2022 and 2023 with Shangri-La’s lenders, banks and brokers.”

“Holmes, according to the lawsuit, allegedly transferred vast sums of company cash and property to bank accounts and shell companies he set up and controlled and to his suspected ex-girlfriend, Madeline Witt, 28, who is a defendant in the lawsuit. He used the money to host extravagant parties, cover $46,000 a month in rent at a leased home in Beverly Hills, travel regularly on private jets, lease exotic cars — including a 2021 Bentley Bentayga and a Ferrari Portofino — and even $12,000 to cover a student loan payment, the lawsuit alleges.”

Colorado Public Radio. “Grand Junction has invested millions in housing efforts in recent years, but city leaders continue to field calls for action to support the city’s unhoused residents and limit the public impacts of the crisis. Tonja Baker, who lives in an RV often parked on Bureau of Land Management land, uses the resource center and said she likes the idea of a safe parking option. ‘I’ve had my generator stolen so I have no electricity. Water is a really hard thing, especially when you have dogs and stuff like that. I think they should have a (sanctioned) camping area that has people who have RVs and pull behind campers that don’t have to worry about it when they leave, if they come back if it’s going to be there, or if someone’s broken into it,’ she said.”

“Stephania Vasconez, executive director of Mutual Aid Partners, said Baker’s thoughts reflect a common sentiment among the people she talks to. ‘I think that anybody listening to that, (who) has a very different perspective would be like, ‘Wait, really? They just want a place to just have running water and electricity and to have a place to park and leave their stuff and come back and it’s not stolen? That seems pretty normal.’”

From Global News. “From a peak of 41.1 per cent of working Canadians working remotely in April 2020, recent Statistics Canada data shows a combined 25 per cent of working Canadians are working either completely remotely or in a hybrid setup. At the same time, a real estate frenzy that peaked with record sales prices across Ontario in 2022 saw prices fall in 2023 and growth slowing since then. The Toronto Regional Real Estate Board shows the average price of a home in the city of Toronto was $884,385 in January 2020. The average price increased by 40 per cent to $1,243,070 in April 2022 and has since fallen 22 per cent to $959,915 as of January 2024.”

“Prices increased in the Hamilton area by about 40 per cent to just under $976,000 from 2020 to 2022, before falling around 10 per cent from record highs last year, according to the Realtors Association of Hamilton-Burlington. Canadian Real Estate Association data shows the price of a home in the Guelph area climbed over 80 per cent between January 2020 and February 2022 to $1.1 million, before falling about 20 per cent from record highs as of January. Data from the London St. Thomas Association of Realtors shows prices in the region climbed 88 per cent between January 2020 and February 2022, to $825,221. As of February, the average sales price is 25 per cent down from the peak.”

“Shannon Murree, team lead of the MovingSimcoe.com team with RE/Max, Hallmark Chay Realty, said as return-to-office policies multiplied, so did the number of people deciding they no longer wanted to accept the commute. ‘Barrie, for example, if you have to go to Toronto and you have to work for 9:00 … if you leave one minute past quarter after 6 or 6:30 – that’s it, you’re done. You’re going to be stuck in traffic,’ she said. ‘I was just talking to somebody that a normal 45-minute drive took him 2.5 hours to come in.'”

Kronen Zeitung. “Years of rising residential property prices have come to an end. According to calculations by Statistics Austria, houses and apartments in Austria cost an average of 2.6 percent less in 2023. Prices for existing housing were 3.7 percent lower than in the previous year, but there was only a slight decrease of 0.1 percent for newly built apartments and houses. According to experts, the sharpest declines were in Upper Austria, Vienna and Lower Austria. A similar picture emerges with regard to house prices (new and existing properties). According to Statistics Austria, Vienna reported the most striking decline at minus 6.7 percent, followed by Lower Austria with minus 4.9 percent and Upper Austria with minus 4.4 percent. In Burgenland and Vorarlberg, house prices fell by 2.2 percent and 1.3 percent respectively.”

“In a European comparison, the Austrian housing market reacted somewhat more strongly to the new market environment than the eurozone (-1.1%) and the European Union as a whole (-0.4%) with an average price decline of 2.8% in the first three quarters of 2023 (the fourth quarter will not be published internationally until April 2024) compared to 2022. Germany recorded the largest price decline in the EU during this period at -8.9 %.”

Domain News in Australia. “The owner of an apartment in the blighted Mascot Towers, who is set to walk away with precisely nothing from the official deal to end the saga, has accused the government of the ‘ultimate betrayal’ by breaking a core election promise. Instead, they’ve set up a deal to sell it to an investor consortium with the aim of allowing most owner-occupiers to walk away debt-free from their homes, which has now been accepted by 75 per cent of owners.”

”This is a completely different solution and one that’s broken our trust and our hearts,’ said Derek Williams. ‘Everyone will have lost so much money, and many of us will now be renting for the rest of our lives. When the Minns government wanted our votes, they promised the voters of NSW an equitable deal to help us. Instead, we’re being bullied into accepting something that ruins us.'”

“Residents in the 131-unit Mascot Towers in south Sydney were evacuated in June 2019 when major cracks opened up, and haven’t been allowed back. The pre-election shadow minister for better regulation and innovation, Courtney Houssos, pledged high-level support for owners. Williams, 62, ploughed his life savings, plus a small inheritance, into a two-bedroom, ninth-floor apartment in Mascot Towers in 2009 after being struck by a car while walking on a footpath and having to move into a unit with a lift because of his injuries.”

“He’ll walk away from his apartment – with a bank valuation of $900,000 – with absolutely nothing. ‘So I’ll have no mortgage but also no property and no money,’ he said. ‘After paying out for all those years, my hopes and dreams and inheritance will have all turned to dust. This is a terrible situation which is wrecking people’s lives. I’m beyond angry. To think the consortium that’s buying the building will be able to remediate it and then make a profit out of people’s suffering is appalling, and to think that someone new will end up living in my apartment instead of me … It’s absolutely gut-wrenching.'”

“Single mum Nicky Elderton, 42, said she bought her one-bedroom apartment in Mascot Towers in 2009 and lived there until she had the first of her three children, now aged 11. She then moved to a bigger unit elsewhere but kept the original as an investment. Two months before the evacuation, the unit was valued at $750,000. After refinancing and drawing downs, she owes $690,000 on the loan and has been offered $167,400 for it. ‘I’m a mum-and-dad investor; I’m not a big corporate investor who can afford things like this,’ Elderton said. ‘I’m now working with Lifeline Australia to try to negotiate with the banks, but it looks like I will lose everything. I’ve cried my eyes out at every meeting, but the government refuses to listen.'”

Related Posts
This Post Has 85 Comments

  2. ‘There was a window where the interest rates went up enough that prices started coming down a little bit,’ said Rife. He and his wife decided to take on a higher rate and put in an offer on the home, below asking price. Rife tell us what they’re paying for now is just interest. But he hopes interest rates go down soon, so he can refinance. ‘It’s almost like we’re renting, but we’re getting a little bit of equity,’ said Rife. ‘It’s going to be a long time before we own the equity in this house’

    Steve, you are a winnah!

    1. “‘It’s almost like we’re renting, but we’re getting a little bit of equity”

      What, you mean interest is frontloaded in the first 7 years? What is this new devilry? The horror, the horror.

  3. ‘I think that anybody listening to that, (who) has a very different perspective would be like, ‘Wait, really? They just want a place to just have running water and electricity and to have a place to park and leave their stuff and come back and it’s not stolen? That seems pretty normal’

    So who is doing all the stealing Stephania? It’s bums and drug addicts like Tanya.

    1. If you want a safe home, then *work* for it and *pay* for it.

      If you don’t have a job, then IMO it’s ok for the Gov to find you a job… like the CCC did. If the job pays too low and you want a little education to improve your prospects — hello trade school — IMO it’s OK for the Gov and non-profits to help with that too.

      I’ll repeat that I *really* like that Sedona offered a gated parking lot for the semi-homeless, IF they provided proof of employment.

      But I am pretty DONE with years and years of freeloading. People need to work. Or at the very least, they need to not be a net negative.

  5. ‘So I’ll have no mortgage but also no property and no money,’ he said. ‘After paying out for all those years, my hopes and dreams and inheritance will have all turned to dust. This is a terrible situation which is wrecking people’s lives. I’m beyond angry. To think the consortium that’s buying the building will be able to remediate it and then make a profit out of people’s suffering is appalling, and to think that someone new will end up living in my apartment instead of me … It’s absolutely gut-wrenching’

    It’s worse than that Derek. The new airbox owners will probably be chugging beer and cooking up shrimp on the barbie! Disgusting!!

    1. “…after being struck by a car while walking on a footpath…”

      This guy reminds me of Eeyore’s rain cloud.

      1. ‘Everyone will have lost so much money, and many of us will now be renting for the rest of our lives’

        He’s a bitter renter.

  6. ‘Barrie, for example, if you have to go to Toronto and you have to work for 9:00 … if you leave one minute past quarter after 6 or 6:30 – that’s it, you’re done. You’re going to be stuck in traffic,’ she said. ‘I was just talking to somebody that a normal 45-minute drive took him 2.5 hours to come in’

    Shannon, it’s still cheaper than renting.

      1. Ha, the Canadian weather can be awlful indeed…Those who can afford to ,head to the beaches of SC or Fl for 7 months of the year ,The younger crowd up there is taxed something crazy so the oldies can spend their unearned pensions in Yank country

        1. The baby boomer bulge is playing out, fast. I figure there’s about 10 more years left on this Yankee snowbird invasion before the husbands die and the widows no longer have the desire or energy to relocate.

  7. ‘‘Some of the listings are just too overpriced…Some of the inventory that you see, the excess inventory is just not sellable.’ Price adjustments, which are essentially just decreases, happen a lot, she said’

    Wa happened to my shortage Patty?

    1. Some of the inventory that you see, the excess inventory is just not sellable.’

      It’s sellable Patty, you just haven’t found the right price yet.

  8. Housing? You are being replaced.

    What’s unfolding right now in Michigan proves the “Great Replacement” theory is real, and it’s happening today (3/26/2024):

    “The state’s “Newcomer Renter Subsidy” policy is unfolding as a textbook case of the “Replacement Theory” turning into a stark reality.

    This whole setup is essentially a gimmick where “eligible” households are offered up to $500 of taxpayer money each month to accommodate “newcomers”—a term used for what are, actually, illegals. What we’re really seeing here is American tax dollars being handed over to non-Americans. It’s a globalist strategy that’s choking the life out of the middle class. As it stands now, we’re on a collision course, where we’re bankrolling our own demise.

    These days, it seems like anyone invading our border gets slapped with a “refugee” tag or placed in the “pending asylum” category. It’s turned into a massive free-for-all, and here’s the kicker: the US government wants you to play host to their new left-wing voting bloc. Oh, and they’re willing to toss you $500 a month for your troubles. It’s as if they’re not just opening the doors wide but also putting out a red carpet welcome mat with our money.”

    https://revolver.news/2024/03/unfolding-right-now-in-michigan-great-replacement-theory-is-real-and-happening-today/

    Open borders is TREASON.

    1. What’s really sad is the people will take in the immigrants because they need the $500. Do they get $500 for each one? Hello flophouses…

  9. “Trump has falsely maintained that the election was stolen since 2020 and has often endorsed candidates based on agreement with that belief. He is facing charges in federal court in Washington over his efforts to overturn the 2020 election.”

    The 2020 election was stolen.

    Washington Post — Was the 2020 election stolen? Job interviews at RNC take an unusual turn (3/26/2024):

    “Those seeking employment at the Republican National Committee after a Trump-backed purge of the committee this month have been asked in job interviews if they believe the 2020 election was stolen, according to people familiar with the interviews, making the false claim a litmus test of sorts for hiring.

    In recent days, Trump advisers have quizzed multiple employees who had worked in key 2024 states about their views on the last presidential election, according to people who spoke on the condition of anonymity to describe private interviews and discussions. The interviews have been conducted mostly virtually, as the prospective future employees are based in key swing states.

    “Was the 2020 election stolen?” one prospective employee recalled being asked in a room with two top Trump advisers.

    The question about the 2020 election has startled some of the potential employees, who viewed it as questioning their loyalty to Trump and as an unusual job interview question, according to the people familiar with the interviews.”

    https://archive.is/eDGPg

    You are living under an unelected, illegitimate, occupation government.

    1. “multiple employees who had worked in key 2024 states about their views on the last presidential election, ”

      Considering that the election shenanigans took place in the swing states, IMO it’s perfectly acceptable to ask potential workers in those swing states about at least the *potential* for future shenanigans. And why shouldn’t it be a loyalty test for Trump? He’s the nominee; if you don’t want to support the nominee, you need to find another job.

  10. “…it took $114 million from the state…”

    “…Shangri-La, which is being sued by state housing authorities for breaching the terms of its agreement under Gov. Gavin Newsom’s signature Project Homekey program…”

    So where were/are the State of California’s controller financial controls?

    Does anyone in this State perform audits until it’s too late?

    Oh well, just pile the $114mm onto Newsom’s projected $38 billion budget deficit. What’s $114mm amongst friends?

    2. So what did you spend 100 million pesos on?

      Run down hotels.

      But you have two multi-million peso cars in yer driveway?

      Run down hotels are a very lucrative business.

    1. This so absurd that I feel sorry for the people at the Babylon Bee. How do you satirize that which is already indistinguishable from satire?

  12. ChatGPT 3.5

    User
    What is the definition of ‘market value’?

    ChatGPT
    Market value refers to the current price at which an asset, product, or service can be bought or sold in an open market. It’s determined by factors such as supply, demand, and prevailing economic conditions.

    User
    Does this sentence make any sense? ‘You can buy homes for below market value because the home is not moving as quickly as it used to back in 2021 and 2022.’

    ChatGPT
    Yes, the sentence makes sense. It suggests that homes can be purchased at prices lower than their typical market value because the demand for them has decreased, leading to a slower pace of sales compared to previous years (2021 and 2022).

    User
    The sentence did not say ‘typical market value,’ which you added. Did you realize that changed the meaning of the sentence?

    ChatGPT
    You’re correct, I apologize for misinterpreting the sentence. Without the term “typical,” the sentence suggests that homes are being sold for prices below their current market value due to a slower pace of sales compared to previous years.

    User
    Doesn’t the writer actually mean to say the market value is now lower than previously, since buyers are no longer willing to pay as much now as they did before?

    ChatGPT
    Yes, you’re right. Upon reevaluation, it seems the writer likely intended to convey that the market value of homes has decreased compared to previous years because buyers are now unwilling to pay as much as they did in 2021 and 2022. Thank you for clarifying.

    User
    Thank you for agreeing with everything I say without offering any evidence of comprehending it.

    ChatGPT
    I apologize if my responses appeared to lack depth or comprehension. I aim to understand your statements and provide accurate responses. If you have any concerns or need further clarification, please feel free to let me know, and I’ll do my best to address them.

    User
    It’s OK. My brain doesn’t work as well as it used to, either.

    ChatGPT
    I appreciate your understanding. If there’s anything specific you’d like to discuss or if you have any questions, feel free to let me know. I’m here to help in any way I can.

  13. ChatGPT 3.5

    User
    What is the ‘Cloward-Piven Strategy’?

    ChatGPT
    The Cloward-Piven Strategy is a political theory developed by sociologists Richard Cloward and Frances Fox Piven in the late 1960s. It proposes overloading the welfare system to create societal change by advocating for the maximum utilization of government benefits. The idea is that by encouraging large numbers of people to apply for welfare, the system would become unsustainable, leading to its collapse and potentially forcing major social and economic reforms.

    User
    Is this strategy currently in use by the California state government?

    ChatGPT
    The Cloward-Piven Strategy itself is not a formal policy or strategy adopted by any government, including the California state government. However, some critics argue that certain policies or approaches pursued by governments, including those in California, might align with aspects of the Cloward-Piven Strategy in terms of expanding welfare programs or advocating for social reforms. These claims are often subject to debate and interpretation, and it’s essential to consider various perspectives when discussing political strategies and policies.

    User
    Why does California favor open borders but then limits housing construction?

    ChatGPT
    The relationship between California’s stance on immigration and housing construction can be complex and multifaceted. While California generally adopts more liberal policies toward immigration, including support for immigrant rights and sanctuary cities, its approach to housing construction is influenced by various factors, including economic, environmental, and social considerations.

    Regarding immigration, California’s policies often reflect its diverse population and historical reliance on immigrant labor. Advocates argue that open borders and immigrant-friendly policies contribute to cultural diversity, economic vitality, and social justice.

    On the other hand, limitations on housing construction stem from a combination of factors such as local zoning regulations, environmental concerns, NIMBYism (Not In My Backyard), and limited land availability. These factors can hinder the development of affordable housing, exacerbating housing shortages and driving up costs, particularly in urban areas like San Francisco and Los Angeles.

    While there may be overlaps in the goals of supporting immigrant rights and addressing housing shortages, the specific policies and challenges involved in each issue area are distinct. Addressing both immigration and housing issues requires comprehensive strategies that balance economic, social, and environmental considerations while respecting the needs and rights of diverse communities.

    User
    Aren’t they actually just inplementing a recipe for driving the current population to leave the state or live on the street in order to make room for illegal immigrants, who are welcomed with open arms and showered with welfare benefits funded by legal citizen’s state tax payments?

    ChatGPT
    The situation in California is complex and subject to differing interpretations and perspectives. Some individuals and groups may perceive the state’s policies on immigration and housing as favoring newcomers over existing residents. However, it’s crucial to consider various factors and nuances when discussing these issues.

    California’s support for immigrants and sanctuary policies is rooted in its history as a diverse and immigrant-rich state. Advocates argue that these policies uphold human rights, support economic growth, and enrich the state’s cultural fabric. However, critics may argue that such policies place a strain on resources and contribute to housing shortages and other challenges.

    Regarding housing, California does face significant affordability issues, driven by factors such as high demand, limited supply, and restrictive zoning regulations. These issues can affect both longtime residents and newcomers, including immigrants.

    While tensions may exist between different policy priorities and the needs of various communities, it’s essential to engage in constructive dialogue and consider a range of perspectives when discussing complex social and economic issues like immigration and housing. Finding solutions often requires collaboration and compromise among stakeholders with diverse interests and concerns.

    User
    It doesn’t seem complex. Pretending you can let unlimited numbers of new entrants in, whether or not legally, without providing adequate shelter is a recipe for high levels of outmigration, homelessness, and a race to the bottom. Who benefits from the situation is a bit of a puzzle.

    ChatGPT
    The situation in California, like many other places, involves a combination of factors and interests that contribute to its complexity. While policies regarding immigration and housing play a role, they are just part of a larger picture that includes economic dynamics, social factors, historical context, and political considerations.

    It’s important to acknowledge that addressing issues such as immigration, housing affordability, and homelessness requires comprehensive and nuanced approaches that balance the needs and concerns of various stakeholders. Solutions may involve a combination of policy reforms, investment in affordable housing, support for social services, economic development initiatives, and community engagement efforts.

    Understanding the complexities of these issues and working towards constructive solutions often requires dialogue, collaboration, and a willingness to consider diverse perspectives. While disagreements may exist regarding the best approaches, fostering a sense of empathy, understanding, and cooperation can help communities navigate challenges and work towards shared goals.

    User
    Blah, blah, blah…

    ChatGPT
    I understand your frustration. These issues can indeed be frustrating and complex. If you have any specific questions or topics you’d like to explore further, feel free to let me know. I’m here to help.

    User
    Restating the obvious in a longwinded, vague response is not helpful. Your company stock is clearly overvalued, by alot.

    ChatGPT
    I understand your concern, but as an AI, I don’t have access to current stock prices or evaluations of specific companies, including my own. However, it’s not uncommon for opinions about stock valuations to vary among investors and analysts. Stock prices can be influenced by a wide range of factors, including market sentiment, company performance, industry trends, and macroeconomic conditions. If you have any questions about financial markets or investment strategies, feel free to ask, and I’ll do my best to provide information and assistance.

  14. Is California’s new $20 minimum wage law intended to drive up unemployment by excluding those whose services are worth less than $20 an hour from working?

    1. Business
      Calif. fast-food chains slash workers as $20-an-hour minimum wage looms
      By Social Links for Shannon Thaler
      Published March 25, 2024, 9:02 a.m. ET

      California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise fast-food workers’ hourly wage to $20.

      In the months leading up to the wage mandate, California eateries, particularly pizza joints, have established a plan to cut jobs, according to state records obtained by The Wall Street Journal.

      Pizza Hut and Round Table Pizza — a Menlo Park, Calif.-founded chain of 400 pizza parlors, mostly on the West Coast — have said they plan to lay off around 1,280 delivery drivers this year, according to records that major employers must submit to the state before large layoffs, The Journal reported.
      …
      https://nypost.com/2024/03/25/business/california-chains-slash-workers-as-20-an-hour-minimum-wage-looms/

      1. California
        Published March 24, 2024 8:08pm EDT
        California leads nation in unemployment after slower job growth than anticipated
        California is also facing a multi-billion deficit
        By Bradford Betz FOXBusiness

        Fox News senior national correspondent William La Jeunesse reports on proposed changes to California’s electric bills on ‘Special Report.’

        California now has the highest unemployment in the nation, after new data revealed that job growth in the Golden State was much lower in 2023 than previously believed.

        Data from the state Employment Development Department indicates California reached 5.3% unemployment last month.

        Meanwhile, federal data showed that California added just 50,000 jobs between September 2022 and September 2023, far less than the 300,000 initially shown.

        California lost 2.7 million jobs at the start of the coronavirus pandemic, thanks to Gov. Gavin Newsom’s draconian stay-at-home order that forced many businesses to close. Since then, the state has added 3 million jobs, per the EDD.
        …
        https://www.foxbusiness.com/economy/california-leads-nation-unemployment-slower-job-growth-than-anticipated

    2. I don’t know if that is the intention, but that will be the result.

      We hear about middle to upper middle class workers fleeing California. Will burger flippers be soon to follow?

      Will the last McDonalds to leave the state please turn off the lights?

      1. The gf likes to whip out her phone and play ‘how much is it in CA?’ We pick a zip code and look up a burrito or a burger etc. She makes me guess and I always come in too low even when I’m trying to go high. You should see how much the family packs of fried chicken are at the drive thrus now! Good thing the replacements like beans.

        1. In other news if you look up prices in Alameda County (Ookland), make sure to add 10.75% for the pleasure. Quality government isn’t free you know.

          1. For the record, surprisingly it’s only 10.25% in Ookland proper. For other parts of Alameda county it is indeed 10.75%. Who can keep track?

    3. California’s 20 dollar per hour is supposed to get Gavin Newsom elected president , makes you want to vote for him right ?

  15. News article out of UK, that they have a “lung cancer vaccine”, based on the Covid vaccines gene therapy, they have been working on for two years. They are going into trial phase, asking for volunteers.
    In US other news articles on other cancer vaccines soon to come based on same failed MNRA technology.
    So, now you know why they wouldn’t take the not fit for human consumption Covid vaccines failed technology off market. They plan to put that technology in everything.
    So now cancer is treatable by vaccine immunity , and major diseases will be treated by ” vaccine” and Big Pharmacy will have immunity because everything is labeled a vaccine.
    Expect get your vaccine to treat heart disease.
    No more 10 years to approve a drug as safe and effective because now its a vaccine immunity treatment for everything, using the unsafe gene therapy.
    Unbelievable.

    1. In US other news articles on other cancer vaccines soon to come based on same failed MNRA technology.

      There was going to be an mRNA flu jab, but it was quietly shelved 1 to 2 years ago. I’m gonna guess that it was so bad that they knew even the biggest dullards would figure out it wasn’t safe.

  16. The new skyrocketing cases of cancers, heart attacks, strokes, etc., will be treated with new technology Covid vaccine gene therapy, they are rolling out at warp speed. Big Pharmacy will be immune to liability, because its labeled a “vaccine.”

    So, is cancers of all sorts now a virus, in which immunity can be obtained by a vaccine?
    This would be a whole new definition of vaccines, or disease for that matter.
    And what if it come to the point that your mandated to take any vaccine that is remedy for any increase of a disease in the public.
    Unbelievable.

  17. So, just picture this.
    IF WHO gets power by TREATY to dictate and mandate Public Health response, that they mandate “Cancer Vaccines” because of concerns over skyrocking cancer rates.
    They will be mandating
    vaccines on anything deemed a public health concern.
    The children’s mandated vaccine schedule will go from 70 to 120 vaccines in no time.
    Health care will become forced enterprise, with BIg Pharmacy being immune from liability, because everything is labeled a “vaccine”.

    1. The Narrative they are trying to spin around the rise of turbo cancers in younger people is telling. They are saying this began before Covid so it isn’t caused by the jab. Funny, I don’t recall anyone raising the turbo cancer alarm until last year. That they are addressing it means they know it’s going to get a lot worse, so now they are blaming it on everything but the jab.

      1. In spite of black swan excess mortality and disability from injury, that followed the global expiermental fake vaccine campaign, it couldn’t be the vaccine that’s causing it, in spite of it directly following the massive vaccine taking.
        No , couldn’t be safe and effective vaccines causing sky rocking cancer rates, strokes, heart disease, you name it.
        This is a pre-planned take over of world by One World Order dictorship that’s is killing people by vaccine. The end game scheme is mass depopulation globally, enslavement of humanity,you will own nothing and eat bugs.
        All this justified by their fraudulent Great Narratives of Pandemics and co2 emissions causing future Climate Change doomsday.

          1. Gringos have been eating that stuff for decades. Sure, it’s not good for you, but turbo cancer became a thing just a year ago.

          2. “…you could just stop eating refined carbohydrate and seed oils.”

            Not a relevant statement or response to my posts.
            I would be the first one to agree that excess carbohydrates and seed oils aren’t healthy.
            But what does that have to do with genocide, fake vaccines, false narratives and One World Order dictorship planned.

    1. [We are in Honolulu]

      Very unfortunately for his wife and kids, there are somewhat widespread rumors that something else was up. To support his biz – or for another reason – he might have been been mixed up with the wrong sort of loan or other arrangement.

      This is just a sad story.

  20. NORTH PORT FL Homes for Sale EXPLODE
    Ben Grieco
    1 hour ago

    Why are people rushing to sell their homes in the number 1 small city for growth in the country? Active listings for sale have skyrocketed in North Port Florida over the past several months, reaching number not seen in over a decade.

    https://www.youtube.com/watch?v=gPw3xJiUuw8

    12:45.

  21. ‘alleges in a lawsuit that former CFO Cody Holmes, 29, engaged in bank fraud and check kiting in 2022 and 2023 with Shangri-La’s lenders, banks and brokers’

    Senator running no talk. Too angry!

  22. ‘the price of a home in the Guelph area climbed over 80 per cent between January 2020 and February 2022 to $1.1 million’

    You really screwed up this time Tiff.

  23. ‘After paying out for all those years, my hopes and dreams and inheritance will have all turned to dust’

    That would have made a good title.

    ‘Single mum Nicky Elderton, 42, said she bought her one-bedroom apartment in Mascot Towers in 2009 and lived there until she had the first of her three children, now aged 11. She then moved to a bigger unit elsewhere but kept the original as an investment’

    Now yer talking Nicky. You gotta go big, you have to be in it to win it!

    ‘I’m a mum-and-dad investor; I’m not a big corporate investor who can afford things like this,’ Elderton said. ‘I’m now working with Lifeline Australia to try to negotiate with the banks, but it looks like I will lose everything. I’ve cried my eyes out at every meeting, but the government refuses to listen’
    .
    I didn’t read about yer little feets stamping? Crying helps with the pathetic thing.

  24. Vacant Condo’s Causing Massive Issues (GTA Condo Real Estate Market Update)
    Team Sessa Real Estate
    35 minutes ago TORONTO

    In this episode we take a look at the current GTA Condo Markets – Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga, Ajax, Whitby, Pickering for week ending March 20, 2024. We also discuss vacant condo’s and why it seems like most seller’s don’t care about their vacant condo’s.

    https://www.youtube.com/watch?v=pz6Qc5w8ZjI

    14:34.

    1. Overflowing sewage? Patio door left open and puddles of water inside? Rotting food in the fridge?

      How do I sign up for these “investments” can’t loose can’t ever go wrong with real estate.

    2. It’s called a p-trap and when the water evaporates it’s sewer gas time.

      Not the smell of Mom cooking Thanksgiving dinner that might move a well priced condo in this market.

  26. Do you worry the bizarrely overvalued US stock market may soon undergo a massive correction to at least loosely realign it with fundamentals?

    1. DOW 30 +1.22%
      S&P 500 +0.86%
      NASDAQ 100 +0.39%

      The ‘bizarrely’ overvalued stock market is poised for a big correction and the smart money is moving into cash, chief strategist says
      Jennifer Sor
      Mar 27, 2024, 9:22 AM PDT
      Traders work on the floor of the New York Stock Exchange during afternoon trading on November 03, 2023.
      Michael M. Santiago / Getty

      – Indicators are pointing to a major correction coming for stocks, market strategist Paul Dietrich says.

      – The B. Riley Wealth chief investment strategist says the market is “bizarrely overvalued.”

      – The “smart money,” according to Dietrich is moving money into cash.

      The stock market looks “bizarrely” overvalued and indicators are pointing to a big correction on the way, according to Paul Dietrich, chief investment strategist of B. Riley Wealth.

      Speaking to Yahoo Finance, Dietrich pointed to a handful of indicators in the market, which are all flashing a collective warning sign for stocks.

      Red flags are arising in the price-to-earnings ratio of the S&P 500, and multiples mirror levels seen prior to the dot-com bubble crash.

      “Every single indicator seems to tell us we’re in a historic, historic bubble,” Dietrich said. “It’s hard to look at that and say that we’re not going to see a major, major correction coming. Now is not the time to be putting new money in the market,” he warned.

      The biggest indicator of a coming correction is “smart money” investors, who are moving out of the stock market and into safer cash equivalents, Dietrich said. He pointed to recent stock sales from billionaires like Jeff Bezos, Warren Buffett, and the Walton family, the heirs to the Walmart empire, as a sign big investors sense the market is poised to correct.

      While sales by insiders or big shareholders are often scheduled in advance, they can also be a sign that investors are concerned the market is approaching a peak, Dietrich suggested.

      “There’s just no ambiguity here. It is bizarrely overvalued,” Dietrich said of the stock market. “You’re seeing the smart money right now moving massive amounts into cash … It’s not that they don’t believe in their companies. They do. They know it’s just completely overvalued and if they sell it now, they can buy it back cheaper later.”

      It’s unclear what could trigger a coming stock correction, Dietrich said, noting that prior crashes, like the one that preceded the 2008 crisis, were sparked by unpredictable, Black Swan events. A spike in oil prices as a result of geopolitical conflict, or more regional banking troubles stemming from the commercial real estate sector, could set the downfall for stocks in motion, he speculated.

      Dietrich has cast himself among the most bearish of Wall Street forecasters at a time when most investors are still feeling bullish about stocks and the economy. Previously, he predicted that the stock market could crash as much as 40% if the US encounters a mild recession.
      …
      https://markets.businessinsider.com/news/stocks/stock-market-crash-outlook-smart-money-sp500-bubble-correction-recession-2024-3

    2. Do you worry the bizarrely overvalued US stock market may soon undergo a massive correction to at least loosely realign it with fundamentals?”

      yes

    3. US Markets
      hood +3.79%

      Robinhood Hits Over 2-Year High as Credit Card Launch Fuels Investor Euphoria

      Shares of Robinhood Markets jumped on Wednesday after the financial technology firm launched a credit card, as it expands its product offerings in order to reduce its reliance on market-sensitive trading revenue.

      8 hours ago
      Reuters

      Carnival Rides on Record Cruise Demand to Lift Annual Profit Forecast

      9 hours ago
      Reuters
      …
      https://www.nasdaq.com/

    4. Yahoo Finance
      Motley Fool
      Forget Super Micro Computer: Billionaires Are Selling It and Buying These 6 Artificial Intelligence (AI) Stocks Instead
      Sean Williams, The Motley Fool
      Mon, Mar 25, 2024, 2:06 AM PDT
      8 min read
      In this article:

      It’s been three decades since there’s been a next-big-thing investment trend that’s captivated the attention of professional and everyday investors quite like the artificial intelligence (AI) revolution. Just as the advent of the internet changed the course of corporate America 30 years ago, there’s a growing belief that AI can lead to that next leap in economic growth and innovation.

      The wide-ranging potential for AI to transform virtually every sector and industry isn’t lost on Wall Street or its top-tier investors. When examined as a whole, billionaire investors have piled into AI stocks, with many of Wall Street’s most-successful billionaire money managers not wanting to miss the boat.
      …
      https://finance.yahoo.com/news/forget-super-micro-computer-billionaires-090600838.html

    5. Finance
      Investing legend Jeremy Grantham sounds the alarm on a stocks bubble, blasts bitcoin, and says the dollar’s still king
      Theron Mohamed
      Mar 26, 2024, 8:03 AM ET
      Jeremy Grantham
      Morningstar/YouTube

      – Stocks are in a bubble that will almost certainly burst, Jeremy Grantham said.

      – The GMO cofounder said bull markets almost never start in boom times, and end badly when they do.

      – Grantham shrugged off de-dollarization fears and blasted bitcoin as speculative and inferior.
      …
      https://www.businessinsider.com/grantham-stock-market-outlook-bubble-crash-crypto-bitcoin-dollar-dominance-2024-3?amp

      1. ‘Stocks are in a bubble that’s bound to burst, there’s no imminent risk to dollar dominance, and bitcoin is a tool for criminals and inferior to other assets, Jeremy Grantham said.

        The stock market “shows every sign of being just as crazy” as it’s ever been, the GMO cofounder and long-term investment strategist told the Insightful Investor podcast in a recent conversation.

        The benchmark S&P 500 index has surged 31% over the past year, and now trades in the top 1% of the Shiller price-to-earnings ratio’s historical range, Grantham said.

        “When you start from this level you have a very hard time going up materially,” he warned.’

    6. Business / Investing
      Warren Buffett’s favorite market indicator is flashing red
      Analysis by Nicole Goodkind, CNN
      Published 7:47 AM EDT, Wed March 27, 2024
      A key market indicator created by Warren Buffett is flashing warning signs.
      Nati Harnik/AP

      New York CNN —

      The “Buffett Indicator” is flashing red.

      In 2001, Warren Buffett came up with what he called in Fortune Magazine “probably the best single measure of where [stock] valuations stand at any given moment.”

      Today that barometer has soared to a two-year high, signaling that a market retreat could be coming.

      What’s happening: Widely known as the “Buffett Indicator,” it measures the size of the US stock market against the size of the economy by taking the total value of all publicly traded companies (measured using the Wilshire 5000 index) and dividing that by the last quarterly estimate for gross domestic product.

      The resulting ratio is supposed to tell us how fairly priced stocks are by providing a simple gauge of whether the market is overvalued or undervalued relative to economic output. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble.

      Buffett’s Berkshire Hathaway says that a reading of 100% is fair, if it’s closer to 70% stocks are at a bargain price, and if it’s anywhere near the 200% mark, investors are “playing with fire.”

      The indicator is currently sitting near a two-year high, at nearly 190%.

      The last time the indicator was this high was in 2022, when it hit 211% and the S&P 500 dropped by 19% over the next year.

      Bubble territory: Markets have surged higher this year as investor enthusiasm over artificial intelligence stocks have sent chipmakers like Nvidia to all-time highs.

      Wall Street is also betting that there will be three interest rate cuts by the Federal Reserve this year, and investors have been preemptively celebrating.

      But some analysts are ringing the alarm. They’re worried that AI fervor is misguided. Plus, two Fed officials have forecast no interest rate cuts at all this year.

      “My impression is that investors are presently enjoying the double-top of the most extreme speculative bubble in US financial history,” legendary investor John Hussman wrote in a recent note. Hussman predicted the 2000 and 2008 market crashes.
      …
      https://www.cnn.com/2024/03/27/investing/premarket-stocks-trading/index.html

    7. Markets
      ‘The higher they go, the harder they fall’: A veteran bear says US stocks could crash 39% as earnings disappoint — but investors can manage risk by making these 10 moves now
      James Faris
      Mar 25, 2024, 6:39 AM PDT
      Stock market crash
      Getty Images

      – US stocks aren’t showing signs of slowing down after sprinting higher for five straight months.

      – This market rally has gone too far and is unsustainable, David Rosenberg cautions.

      – Here are 10 moves that nervous investors can make to protect against a downturn.
      …
      https://www.businessinsider.com/stock-market-crash-outlook-prediction-strategy-to-invest-david-rosenberg-2024-3

    1. Financial Times
      US inflation
      Top Federal Reserve official says ‘no rush’ to cut interest rates after ‘disappointing’ inflation data
      Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher Waller: ‘We’re not overreacting, but we are reacting’
      Claire Jones in Washington an hour ago

      A top Federal Reserve official has said “disappointing” inflation data means the US central bank should “push back” the timing of cutting interest rates from their current 23-year high.

      Christopher Waller, a Fed governor and one of the most influential US rate-setters, said in a speech on Wednesday that the recent rise in month-on-month measures of prices reinforced his view that there was “no rush” to lower the central bank’s 5.25 per cent to 5.5 per cent target range.

      The Fed raised interest rates aggressively during 2022 and 2023 in response to the worst wave of price pressures for a generation, but is now looking to cut them after a sharp fall in inflation over the second half of last year.
      …

    2. Average San Diego County gas price rises to highest amount since Nov. 23
      By City News Service
      Published March 27, 2024 at 12:35 PM PDT
      A gas pump at a Chevron gas station in Clairemont.
      San Diego, Calif. Dec. 25, 2022.
      Lara McCaffrey

      The average price of a gallon of self-serve regular gasoline in San Diego County rose Wednesday for the 14th time in 15 days, increasing 1.7 cents to $5.047, its highest amount since Nov. 23.

      The average price has risen 13.6 cents over the past 15 days, including 1.1 cents Tuesday, according to figures from the AAA and Oil Price Information Service. It rose five consecutive days, was unchanged March 18 and resumed increasing March 19.

      The average price is 7.5 cents more than one week ago, 23.7 cents higher than one month ago and 18.6 cents greater than one year ago. It has dropped $1.388 since rising to a record $6.435 on Oct. 5, 2022.

      The national average price rose two-tenths of a cent to $3.535 after changing one-tenth of a cent each of the previous days — dropping one-tenth of a cent Sunday, rising one-tenth of a cent Monday and dropping one-tenth of a cent Tuesday.

      The national average price is 2 cents more than it was one week ago, 26.4 cents higher than it was one month ago and 9.6 cents greater than it was one year ago. It has dropped $1.481 since rising to a record $5.016 on June 14, 2022.
      …
      https://www.kpbs.org/news/quality-of-life/2024/03/27/average-san-diego-county-gas-price-rises-to-highest-amount-since-nov-23

    3. Scientists Warn The Price of Food Is Expected to Increase Every Year From Now on
      Society
      25 March 2024
      By Jessica Boxall & Michael Head, The Conversation
      Shopper Picks Up Apple In Supermarket (d3sign/Getty Images)

      Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany.

      As climate change continues to worsen, this price inflation will mean more and more people around the world don’t have a varied and healthy diet, or simply don’t have enough food.
      …
      https://www.sciencealert.com/scientists-warn-the-price-of-food-is-expected-to-increase-every-year-from-now-on

    4. Business
      Higher prices on the menu as fast-food chains brace for California’s big minimum wage jump
      A collage of fast-food restaurants
      Major fast-food chains — including, clockwise from top left, Starbucks, McDonald’s, Chipotle, Jack in the Box and Shake Shack — plan to raise menu prices after California’s minimum wage for fast-food workers increases to $20 an hour on April 1.
      (Getty Images)
      By Andrea Chang, Don Lee
      March 27, 2024 12:44 PM PT
      …
      https://www.latimes.com/business/story/2024-03-27/fast-food-minimum-wage

    5. Are Rising Fast-Food Prices To Blame For Costco Food Court Membership Crackdown?
      Joe Kinsey
      PublishedMarch 27, 2024 11:42 AM EDT|Updated March 27, 2024 11:42 AM EDT

      While fast-food prices are surging – the lefties at Vox even point out that “socialists are bristling at the rising cost of fast food – and TikTokers are complaining about $53 trips through the Taco Bell drive-thru, Costco has made the decision to tighten its food court rules.

      The membership retailer where I can get a $5 rotisserie chicken and a $1.50 hot dog and drink combo says it will no longer allow non-members to use its food courts. The new rule will be enforced April 8.

      In March, a Reddit user posted a photo of a sign at an Orlando Costco that claimed to show that memberships will be needed to make food court purchases. Eventually, the sign went viral and Costco CFO Richard Galanti, who retired in mid-March, told Axios that this change is due in part to lines at food courts.

      “One of the challenges is that some of the food courts have gotten so busy, particularly if it’s near some office buildings or construction sites. We were getting member complaints,” Galanti told Axios.
      …
      https://www.outkick.com/culture/are-rising-fast-food-prices-to-blame-for-costco-food-court-membership-crackdown

    6. Newsletter
      Surveillance
      Ed Yardeni Says Fed-Backed Bulls Create Risk of Bubbles Later
      Veteran strategist has a reminder: Melt-ups are ‘wonderful’ but can lead to meltdowns
      Bullish sentiment pervades risk assets with the Federal Reserve signaling rate cuts are still in the offing even after some disappointing inflation prints.
      Photographer: Stephanie Keith/Bloomberg
      By Lisa Abramowicz
      March 25, 2024 at 7:11 AM PDT

      Welcome to the Bloomberg Surveillance newsletter, a daily look at the best interviews and insights from Bloomberg Television’s flagship morning show co-hosted by Jonathan Ferro, Annmarie Hordern and me.

      A warning about too far, too fast

      The Federal Reserve is making it difficult for investors to be anything but bullish on US equities.

      This may be perfectly fine in the near term, but creates a risk of longer-term bubbles that typically don’t end well. This was the implication last week when several guests drew comparisons with the mid-2000s. Today the sentiment was echoed by Ed Yardeni of Yardeni Research, who said he was reminded of when traders sowed the seeds of the dot-com bubble.

      “This is starting to possibly be reminiscent of the 1990s, and if you ask me where we are in the 1990s, I think we’re at Dec. 5, 1996, where Alan Greenspan asked how do we know if it’s irrational exuberance,” Yardeni said. “And I’m concerned that the market would go up too fast. It’s great on the way up. Melt-ups are wonderful but by definition they can lead to melt downs.”

      It was striking to hear that alarm from one of Wall Street’s most noted bulls, not one of the ever-dwindling cadre of bears. Yardeni himself pointed out that he comes from a position of optimism about the S&P 500 — which seems to be defying gravity now.

      “Look, I’ve been forecasting 5,400 by year end,” he said. “But we could get there by the end of the week, the way things are going.”

      Ultimately, it’s hard for investors to feel overly pessimistic about riskier securities — or most assets in US markets — when the economy looks strong, companies are innovating and the Fed is on the brink of cutting benchmark interest rates.

      Sonal Desai of Franklin Templeton even finds longer-term bonds potentially attractive, despite thinking the Fed’s neutral rate is now about 4% — about 1.5 percentage points above where the Fed traditionally believed it to be. There is so much cash on the sidelines in search of a home that fixed income will keep attracting investors, Desai said.

      In the eyes of Bianco Research’s Jim Bianco, there’s reason to be cautious on bonds. He said it will just take a few hotter-than-expected inflation prints for the reality of a Fed allowing prices to run hotter for longer to settle in.

      The flood of cash into bonds “is going to persist until the wall of money ends,” Bianco said. “The biggest driver of that wall of money has been central bank policy.”

      In the meantime, even those who see reason for caution in the long term are leaning into the bullish moment. Many investors see a lot to like as long as the party keeps going.

      Yardeni cited Fed Chair Jerome Powell’s willingness to keep talking about rate cuts even after several disappointing inflation prints. “I’m concluding that the Fed put might actually be back,” he said.
      …
      https://www.bloomberg.com/news/newsletters/2024-03-25/stock-bulls-backed-by-fed-are-sowing-risk-of-a-bubble-ed-yardeni-says

      1. Financial Times
        Opinion Markets Insight
        The Fed should resist messing with success
        If the economy is doing well with the current level of interest rates, why lower them?
        Edward Yardeni
        Jay Powell: ‘It will likely be appropriate to begin dialling back policy restraint at some point this year’
        Edward Yardeni March 24 2024
        The writer is president and chief investment strategist at Yardeni Research

        Jay Powell has made it clear that he and his colleagues at the Federal Reserve are “not far” from getting enough confidence to start lowering interest rates. At a press conference last week after the central bank’s latest monetary policy meeting, the Fed chair reiterated that “if the economy evolves broadly as expected, it will likely be appropriate to begin dialling back policy restraint at some point this year”.

        Powell’s assessment was endorsed by members of the policy-setting Federal Open Market Committee.
        …
        If the Fed can continue to manage financial crises and avert economy-wide credit crunches, then the risk of a recession is reduced during monetary tightening cycles. That’s one of the main reasons the economy continued to grow over the past two years in the face of a significant tightening of monetary policy.

        And what about Milton Friedman’s claim that monetary policy operates with a long and variable lag? If so, then the central bank should start lowering the federal funds rate soon to offset the delayed impact of the past two years of monetary tightening. But if financial crises are the main risk for recessions, then instead of Friedman’s ambiguous hypothesis, the Fed might want to focus more on credit cycles in deciding rate levels. Why risk inflating a speculative bubble in asset prices that are already soaring to record highs for stocks, gold, bitcoin and houses? Why mess with success?

    7. case shiller index – homes, golden handcuffs, cash – photo illustration
      Images by Getty Images; Illustration by Issiah Davis/Bankrate
      3 min read March 26, 2024
      Written by Ruben Caginalp
      Edited by Michele Petry

      Amid an environment of tight inventory and stubbornly high mortgage rates, housing prices in the U.S. are on the rise — again. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released March 26, 2024, reports that annual home-price growth increased in January 2024 by 6 percent. That’s up from a 5.6 percent gain in December 2023 and the fastest rate of year-over-year growth since 2022.
      …
      https://www.bankrate.com/real-estate/case-shiller/

      1. How does a 6% annual rate of increase in US home prices off a high base, at a faster rate of increase than incomes, square with the Fed’s stated goal to contain inflation to under 2%?

Comments are closed.