Buyouts Occur When the Price of the Stock is Low

Macy’s receives $5.8 Billion buyout offer as sales slump. Shares now $17 compared to $21 in 1997 https://t.co/2YSlbGqQhK

— ChiBarb (@Dogsrul94605547) December 11, 2023

Home prices are contracting sharply. These levels were only seen in 2 times: 1970 and 2008. Both ended in deep recessions

Home prices are contracting sharply

These levels were only seen in 2 times:

- 1970
- 2008

Both ended in deep recessions pic.twitter.com/LQgB5wTrYO

— Game of Trades (@GameofTrades_) December 6, 2023

16-foot truck, $3,152

 

16-foot truck.

Arcadia, CA to Westminster, CO, $3,152.  Wow!

Stock Markets

Year-by-year annual returns for the DOW.

Year-by-year annual return for the S&P 500.  The 500.

Year-by-year annual return for the Nasdaq.

Russell 2000.

Bloomberg Marketplace.

Yahoo Finance.

MarketWatch.  A comparison of the three.

The best performing stocks in the S&P 500 over the last 5, 10, 15, and 20 years... pic.twitter.com/KW8RPCOuKn

— Charlie Bilello (@charliebilello) December 5, 2023

Tri-State: Nevada, Arizona, & California

Las Vegas, Nevada

Laughlin, Nevada

Parker, Arizona

Lake Havasu City, Arizona

Bullhead City, Arizona

Blythe, CA

Needles, CA

TAXES

ARIZONA

from Tax Foundation: 

Arizona has a flat 2.50 percent individual income tax. Arizona has a 4.90 percent corporate income tax rate, a 5.60 percent state sales tax rate, a max local sales tax rate of 5.30 percent, and a 8.37 percent combined state and local sales tax rate.

Progressive tax systems have tiered tax rates that charge higher-income individuals higher percentages of their income and offer the lowest rates to those with the lowest incomes. Flat tax plans generally assign one tax rate to all taxpayers. No one pays more or less than anyone else under a flat tax system.  

Land Century

https://www.landcentury.com/.

https://www.landcentury.com/houses-and-buildings/cheap-houses#google_vignette.

Differences Between Cost of Living and Standard of Living

Key Differences.com explains that,

Cost of living implies the general level of prices of the goods and services which a common man can afford, for his regular needs. Standard of living refers to the level of money and well-being, that people enjoy in a particular country. How expensive it is to survive in one place, in comparison to another.Apr 30, 2019

U.S. cities with the highest standard of living.

1. New York (Manhattan): 222

2. Honolulu: 179

3. San Francisco: 169.9New York (Brooklyn): 159.1

4. Orange County, California: 150.3

5. Los Angeles (Long Beach): 149.1

6. Washington, D.C.: 148.7

7. Boston: 148.4

8. Seattle: 144.5

9. San Diego: 142.5

10. Arlington, Virginia: 140.1

11. Oakland, California: 140

12. New York (Queens): 136.3

13. Bethesda-Gaithersburg-Frederick, Maryland.: 135.8

14. Nassau County, New York: 135.2.

Western Slope

Mack, CO, $700, 1 bed, 1 bath.

Helper, Utah.  68 miles, one hour from Provo, Utah.  $700/mo, a bit isolated.  

Miles and hours between Denver and Craig, CO.  200 miles, 4 hours and 15 minutes.  Craig, which is on Highway 40, is directly north of Glenwood Springs on Interstate 70.

Miles and hours between Craig, CO, and Steamboat Springs: 42 miles, 48 minutes.  

ALONG INTERSTATE 70

GRAND JUNCTION TO GLENWOOD SPRINGS, 87 MILES, 1 HR, 20 MINS. 

 

157 MILES, 2 HRS, 37 MINS 

COLO RENTALS

Please call Eric at 970-618-4001. NO EMAILS OR TEXTS PLEASE

Paonia, Colorado 81428

 

Cortez, CO.  Here is the listing.

Colorado Springs, 9/23/2023.

Fort Collins, 9/23/2023.  Rented.

The U.S. is on course to build more apartments than ever in 2023

"You'll own nothing and be happy."

- Klaus Schwab
World Economic Forum pic.twitter.com/jC7pWFYUct

— Wall Street Silver (@WallStreetSilv) September 10, 2023

The median sales price for sold homes in the United States has dropped over 13% from Q4 ‘22 high of $479,500 to $416,100 as of end of Q2

The median sales price for sold homes in the United States has dropped over 13% from Q4 ‘22 high of $479,500 to $416,100 as of end of Q2

“Just rent it out bro” pic.twitter.com/6mse0r9peB

— Don Johnson (@DonMiami3) August 6, 2023

US 30-year mortgage rates kept rising this week. As a result, refinancing activity declined further, falling almost 40% below the same period last year.

🇺🇸 US 30-Year Mortgage Rates Around 7% Add Pressure on Refinancing
*US 30-year #mortgage rates kept rising this week. As a result, #refinancing activity declined further, falling almost 40% ⚠ below the same period last year.   https://t.co/J9nzYtYaqg

— Christophe Barraud🛢🐳 (@C_Barraud) July 15, 2023

A major reason why used car supply is at historic lows: Lease return rates have plummeted 83% over the past 3 years

A major reason why used car supply is at historic lows:

Lease return rates have plummeted 83% over the past 3 years.

No lease returns = no used cars to sell

— CarDealershipGuy (@GuyDealership) July 10, 2023

Used car prices will drop markedly in coming months in the CPI, helping core inflation materially lower!

Used car prices will drop markedly in coming months in the CPI, helping core inflation materially lower! Must watch..

9 charts on US inflation here -> https://t.co/YlcwyvrROH pic.twitter.com/ezKD4OepYL

— AndreasStenoLarsen (@AndreasSteno) July 10, 2023

Markets show the worst returns in the first 3 months of a rising unemployment rate pic. Higher unemployment rate = Lower spending

Higher unemployment rate = Lower spending

Markets show the worst returns in the first 3 months of a rising unemployment rate pic.twitter.com/KS5Unjk4eS

— Game of Trades (@GameofTrades_) July 5, 2023

SANCTIONS DON'T WORK . . .

And the U.S. knows that.  This means that they are using sanctions not to hurt the purported targets of the sanctions but they're hurting and destroying the standard of living of Americans.  Because we end up paying more for fuel.

Kek https://t.co/7FOGmigqMA

— Tom Luongo (Head Sneetch) (@TFL1728) July 3, 2023

Median home sales prices YoY has plummeted to levels near 0. A contraction in this metric tends to occur before or during a recession

Median home sales prices YoY has plummeted to levels near 0

A contraction in this metric tends to occur before or during a recession pic.twitter.com/MZAYTXH8fk

— Game of Trades (@GameofTrades_) June 29, 2023

1-year yield: 5.4%. That's the highest level since Dec. 2000

 

1 year yield 5.4%.
That's the highest level since, wait for it, Dec 2000. pic.twitter.com/8KUbGUyr4r

— Sven Henrich (@NorthmanTrader) June 29, 2023

In 1982, 53% of 30-year-olds owned a home In 2022, 33% of 30-year-olds own a home The cost of economic policies in our country is increasingly burdening our young-

“The American Dream” https://t.co/SN90NDauQR

— Danielle DiMartino Booth (@DiMartinoBooth) June 29, 2023

Ford lost $34,000 on every EV sold in 2022.

.@Ford lost $34,000 on every EV sold in 2022.

Now the losses are resulting in mass layoffs.

EVs and the taxpayer-subsidized industrial policy that mandates them is an unmitigated disaster. @pwrhungry https://t.co/VlxK2OsHnI

— Steve Milloy (@JunkScience) June 27, 2023

CANADA vs. U.S.A., POPULATION GROWTH YOY FROM 1965 TO NOW

Kind of makes you wonder what kind of incentives was the Canadian government offering foreigners. 

I’m the product of Italian immigrants. Hard to fathom this chart. https://t.co/ZQayX3IjhT

— Danielle DiMartino Booth (@DiMartinoBooth) June 27, 2023

Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts.

Canadian Housing Crash?

Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨

Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts.

🔊 pic.twitter.com/gPFKT4sezS

— Wall Street Silver (@WallStreetSilv) June 26, 2023

9 U.S. States with no income tax

 9 U.S. States with no income tax:

Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Wyoming, New Hampshire, Washington.

But what about cost of living for each state?  

"In Canada the average home price is $750k, and you need an income of $180k to qualify." Oh, so just like in the U.S.

In Canada the average home price is $750k, and you need an income of $180k to qualify.

That's the top 10% of earners in the country can afford the average house 🚨🚨🚨 pic.twitter.com/J0KPNQk6Sx

— Wall Street Silver (@WallStreetSilv) June 24, 2023

Unemployment rate rises after yield curve inversions

Unemployment rate rises after yield curve inversions

This time is not different pic.twitter.com/tEEPyWTe2O

— Game of Trades (@GameofTrades_) June 21, 2023

62% of US mortgage holders have a rate below 4% and 92% have a rate below 6%. With current mortgage rates at close to 7%, many existing homeowners are staying put, leading to a shortage of homes for sale.

62% of US mortgage holders have a rate below 4% and 92% have a rate below 6%. With current mortgage rates at close to 7%, many existing homeowners are staying put, leading to a shortage of homes for sale. pic.twitter.com/4Y7az47Nk0

— Charlie Bilello (@charliebilello) June 14, 2023

Fastest Shrinking Jobs in the Service Industry. 335,700 Cashier Jobs Lost

No wonder fewer and fewer restaurants are available.  Now, its food trucks, of which many are quite good.  So we'll have to trade the charms of indoor dining with standing outside a food truck munching on tacos?   

Services No Longer Required: America's Fastest-Shrinking Jobs https://t.co/VUdAO0t401

— zerohedge (@zerohedge) June 9, 2023

…and chemicals are THE most leading economic indicator.

Had no idea.  Makes sense, but that's the first time I'd seen or heard that.

Chemicals are made from petroleum and natural gas. So are plastics and fertilizer.

— Van Landingham Beach Rental Maintenance (@VanAccy) June 9, 2023

49% of those earnings more than six figures have reported living paycheck to paycheck, a jump from last year’s 42%, per CNBC.

49% of those earnings more than six figures have reported living paycheck to paycheck, a jump from last year’s 42%, per CNBC.

— unusual_whales (@unusual_whales) June 1, 2023

Wall Street Investors have officially abandoned the Housing Market. With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023. Even bigger than the drop that occurred in 2005 right before the last crash.

Wall Street Investors have officially abandoned the Housing Market.

With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023.

This is the biggest annual decline on record.

Even bigger than the drop that occurred in 2005 right before the last crash. pic.twitter.com/9GyHqzHCKl

— Nick Gerli (@nickgerli1) May 31, 2023

In 2021, 68% of 25-year-olds [lived away from] parents’ home; 22% were married; 17% had a child. In 1980, 84% [lived] on their own; 63% were married; 39% had a child

In 2021, 68% of 25-year-olds were living outside their parents’ home, 22% were married and 17% had a child, per Bloomberg.

In 1980, 84% were living on their own, 63% were married and 39% had a child.

— unusual_whales (@unusual_whales) May 30, 2023

It took four years, but airport traffic finally returned to the summer of 2019 levels.

It took four years, but airport traffic finally returned to the summer of 2019 levels. pic.twitter.com/KHu5O5OBii

— Jim Bianco biancoresearch.eth (@biancoresearch) May 26, 2023

Europe's econ engine is breaking down: Germany is at risk of a long, slow decline.

Europe's econ engine is breaking down: Germany is at risk of a long, slow decline. Decades of flawed energy policy, demise of combustion-engine cars & sluggish transition to new technologies converging to pose most fundamental threat to nation’s prosperity since reunification, 1989-1991, .… pic.twitter.com/mGUyisjWea.  

— Holger Zschaepitz (@Schuldensuehner) May 26, 2023

Facing triple-digit inflation, Argentina introduces the new 2,000 peso note. It's only worth about $4.

Facing triple-digit inflation, Argentina introduces the new 2,000 peso note.

It's only worth about $4.

— unusual_whales (@unusual_whales) May 24, 2023

DIMON: EVERYBODY SHOULD BE PREPARED FOR HIGHER RATES FROM HERE

https://t.co/eRyDNxhcnS

Listen to this very, very carefully.
Translation: We're turning up the heat until the frogs are all boiled. Nice neck scarf, Chrissy. https://t.co/CD1YBrF0Cp

— Tom Luongo (Head Sneetch) (@TFL1728) May 22, 2023

It now costs nearly $1,000/month more to buy a house than to rent.

You can’t make this up:

1. Median Mortgage Payment: $2,800

2. Median Rent Price: $1,850

It now costs nearly $1,000/month more to buy a house than to rent.

Meanwhile, the average new car payment is now at $750/month.

The average interest rate on a used car loan just hit a…

— The Kobeissi Letter (@KobeissiLetter) May 22, 2023

Mortgage rates back to 7%.

Meaning that the cost to buy a house in America is now approaching $2,700/month when including mortgage, tax, insurance, and maintenance.

Meanwhile, cost to rent is $1,850.

Biggest gap we've ever seen. Something has to break. pic.twitter.com/gC1ffJXKmL

— Nick Gerli (@nickgerli1) May 22, 2023

The median price of a home sold in the US fell 4% over the last year, the largest YoY decline since 2012

The median price of a home sold in the US fell 4% over the last year, the largest YoY decline since 2012. pic.twitter.com/XqZr2a2ltn

— Charlie Bilello (@charliebilello) May 22, 2023

"retailer warnings . . . are . . . tied to #bankingcrisis . . . more than commercial real estate."

The real economy continues to reel. More retailer warnings going mostly unheeded which are absolutely tied to #bankingcrisis via more than commercial real estate. Foot Locker another one admitting spending way down/inventories way too much. https://t.co/QzdjY0u1ns pic.twitter.com/7bFi2kkgL9

— Jeffrey P. Snider (@JeffSnider_AIP) May 21, 2023

Staggering fact: US now spends more on debt servicing than national defense. The fiscal battlefield has shifted - it's not just about raising the ceiling, but curbing the rising tide of interest rates.

This was the exact threshold Paul Kennedy talked about in The Rise & Fall of Great Powers as the point at which virtually all of the nations he studied tipped into terminal decline. https://t.co/0RCuk5walM

— Martyr Made 🦉🪓 (@martyrmade) May 17, 2023

Industrial production lower than estimates from a year earlier. Retail sales lower than a year earlier

How’s that #ChinaReopening trade going?

“Industrial production rose 5.6% from a year earlier, lower than the 10.9% median estimate in a @business survey of economists. Retail sales climbed 18.4%, worse than forecasts for a 21.9% surge.” pic.twitter.com/GOI8YmGb2Z

— Danielle DiMartino Booth (@DiMartinoBooth) May 16, 2023

New York, San Francisco Office Buildings Are Absolute Ghost Towns

New York, San Francisco Office Buildings Are Absolute Ghost Towns https://t.co/2ru9PeL5uy

— zerohedge (@zerohedge) May 13, 2023

Biden forced millions of Americans to take VACCINES by threatening their JOBS, and turning EMPLOYERS into enforcers. Imagine giving Biden the ultimate on/off switch for EMPLOYMENT called E-verify. Might as well call it V-verify.

— Thomas

Republicans are about to make a huge mistake.

Biden forced millions of Americans to take VACCINES by threatening their JOBS, and turning EMPLOYERS into enforcers.

Imagine giving Biden the ultimate on/off switch for EMPLOYMENT called E-verify.

Might as well call it V-verify.

— Thomas Massie (@RepThomasMassie) May 7, 2023

No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.

Empty real estate is a big problem.

No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.

As cash flows from empty properties dry up, loans will be defaulted on — wiping out many of the small banks who wrote them: https://t.co/MZiyTiHCtz pic.twitter.com/wf3pjLGzb5

— Joe Consorti ⚡ (@JoeConsorti) May 11, 2023

Alaskan Trucking Fleets Promise $150K Driver Salaries Amid Drilling Boom

Alaskan Trucking Fleets Promise $150K Driver Salaries Amid Drilling Boom https://t.co/AcgMqKXUoV

— zerohedge (@zerohedge) May 7, 2023

Nearly 50% drop in used vehicle inventory since 2020 🥴 At least everyone will walk more...

Nearly 50% drop in used vehicle inventory since 2020 🥴 At least everyone will walk more... pic.twitter.com/IFJeJfZS81

— CarDealershipGuy (@GuyDealership) May 8, 2023

When lending standards tighten like this, unemployment follows

It's not different this time. When lending standards tighten like this, unemployment follows. pic.twitter.com/r3R1PIUC1p

— Jeff Weniger (@JeffWeniger) May 9, 2023

Borrowers whose student loan debt was suspended, used the increased debt capacity to borrow more.

Borrowers whose student loan debt was suspended, used the increased debt capacity to borrow more. Beautiful. Avocado on whole grain credit… toast https://t.co/2egwC0aopx pic.twitter.com/SRQYrsIGvu

— Michael Green (@profplum99) May 9, 2023

Cramer: "Commercial Real Estate isn't going to destabilize the system"

*WILLIAMS: FED IS VERY FOCUSED ON COMMERCIAL REAL ESTATE RISKS https://t.co/eOv8YRuhBO

— zerohedge (@zerohedge) May 9, 2023

Las Vegas leads in U.S. for evictions among major cities, data shows

Unfortunately, housing advocates told FOX5 that the problem is even much worse and will only keep growing. https://t.co/lIZGHjLZ37

— FOX5 Las Vegas (@FOX5Vegas) May 8, 2023

Another worrisome deflationary sign: used car prices are falling fast again.

Another worrisome deflationary sign: used car prices are falling fast again. They had rebounded (according to wholesale prices) to start this year sparking renewed "inflation" fears. Even if that was the case, did the banking crisis end it? Maybe. https://t.co/BHgicM2ZTj pic.twitter.com/9rFWEj7XM1

— Jeffrey P. Snider (@JeffSnider_AIP) May 8, 2023

Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In [Marin County] California

Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In California https://t.co/1XdbFTQKEu

— zerohedge (@zerohedge) May 8, 2023

IT’S A BUBBLE. An Airbnbubble. Airbnb listings in Dallas are up 619% since 2016 Most Airbnb listings are in a property portfolio managed by commercial “hosts”

IT’S A BUBBLE. An Airbnbubble.

Airbnb listings in Dallas are up 619% since 2016

Most Airbnb listings are in a property portfolio managed by commercial “hosts”

Almost half (45%) the listings are in a portfolio with 5+ home rentals  https://t.co/5GMBsCksAA

— Amy Nixon (@texasrunnerDFW) May 7, 2023

Among the 100 largest housing markets tracked by http://Realtor.com, only Austin saw active listings in April 2023 top April 2019.

You can find the data for the 100 largest markets below https://t.co/IG2uKv6lRz

— Lance Lambert (@NewsLambert) May 7, 2023

Industrial Production [in Germany] has plunged 3.4% MoM in March vs. -1.5% expected, mainly driven by a 6.5% slump in auto production.

Good Morning from Germany where Industrial Production has plunged 3.4% MoM in March vs. -1.5% expected, mainly driven by a 6.5% slump in auto production. Manufacture of machinery & equipment (-3.4%) & construction output (-4.6%) add to the significant decrease in total production pic.twitter.com/Hgi1MSC311

— Holger Zschaepitz (@Schuldensuehner) May 8, 2023

what homeowners “trapped” in a 2-3% mortgage rate looks like

This is what homeowners “trapped” in a 2-3% mortgage rate looks like pic.twitter.com/lM9NyGCeS4

— Ramp Capital Guy (@RampCapitalLLC) May 7, 2023

Stop looking at what they want you to look at -- runs on bank stocks that aren't in trouble -- ...and look at stuff that screams "Something is really wrong!"

Stop looking at what they want you to look at -- runs on bank stocks that aren't in trouble --
...and look at stuff that screams "Something is really wrong!" pic.twitter.com/bqjgJjqvHM

— Tom Luongo (Head Sneetch) (@TFL1728) May 5, 2023

According to Morgan Stanley HALF of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are going to be up by 350 to 450 basis points.

Commercial real estate is in trouble.

According to Morgan Stanley HALF of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are going to be up by 350 to 450 basis points.

AND vacancies are about to hit 20%. pic.twitter.com/rNJezuaTPC

— Genevieve Roch-Decter, CFA (@GRDecter) April 29, 2023

Plan B

Nomad Capitalist.

Sovereign Man.

Debt-to-income Ratios are at all-time highs.

Foreclosures are climbing. 📈

Debt-to-income Ratios are at all-time highs.

Is another 2008 style foreclosure bust coming for the US Housing Market?

Watch this interview I did on the Wealthion YouTube Channel to find out. @menlobear https://t.co/9NL7BuZTMl

— Nick Gerli (@nickgerli1) April 28, 2023

Loan production by $PACW fell 82% year over year

Loan production by $PACW fell 82% year over year

Quick thread🧵 pic.twitter.com/6I0GFc7Zd4

— Jack Farley (@JackFarley96) April 26, 2023

"Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever, per BI."

A recent MBA report shared how the new losses represented a 113% decrease from how much a bank made last year. A year before its $301 loss, the bank's average income per mortgage was $2,339.

Read more: https://t.co/2nTCY3fdYM

— unusual_whales (@unusual_whales) April 24, 2023

Mortgage lenders are losing money on loans (for the first time, according to a Mortgage Bankers Association report)

Housing has become so unaffordable that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 per loan in 2022 (primarily…

— Andrew Lokenauth (@FluentInFinance) April 24, 2023

 

Investingdotcom.  Great site for historical data.

"He threw a phony, contrived, absolutely fraudulent study that he manipulated and orchestrated to make that drug 'standard of care.' It is homicide"

.@RobertKennedyJr: "Tony Fauci Knew That Remdesivir Would Kill You"

"How does it kill you?" he asked. "Kidney failure, heart failure, and all-organ collapse."

"All the doctors said. You heard it again and again. 'We've never seen a virus that attacks the kidneys.' Because it… pic.twitter.com/jqcN1cHY3k

— The Vigilant Fox 🦊 (@VigilantFox) April 23, 2023

The Chinese have near the highest savings rate in the world, yet they don't trust the Stock or Bond market (understandably since there's no transparency) So all their savings they pour into real estate

8/

The Chinese have near the highest savings rate in the world, yet they don't trust the Stock or Bond market (understandably since there's no transparency)

So all their savings they pour into real estate. pic.twitter.com/l83snKaeQ9

— CatGirl Kulak 😻😿 (Anarchonomicon) (@FromKulak) April 22, 2023

TELL ME AGAIN WHY YOU STILL LIVE IN CALIFORNIA. OH, YEAH, THE WEATHER

Cities with the lowest take home pay of a $100,000 salary in the US: pic.twitter.com/zpXHghfUkf

— unusual_whales (@unusual_whales) April 22, 2023

"55% is employed by the public sector. Social programs are used to buy votes." 55% seems high

That 55% seems high. 

55% is employed by the public sector. Social programs are used to buy votes. The Cantillon Effect is directly visible here where there’s a rule that politicians and their direct families can buy dollars at the official rate (no cap), which is almost half the real rate.

— BowTiedMara (@BowTiedMara) April 22, 2023

The Cantillon Effect. 

Mortgage payment needed to buy the median priced home for sale in the US has moved up to $2,538, a new all-time high.

The mortgage payment needed to buy the median priced home for sale in the US has moved up to $2,538, a new all-time high. pic.twitter.com/BQ1fqW7xf9

— Charlie Bilello (@charliebilello) April 21, 2023

A study of Zillow search behavior identified the most sought-after areas in the U.S.

A study of Zillow search behavior identified the most sought-after areas in the U.S.

Here’s the top 20 list.  https://t.co/REFg1CP2fg

— The New York Times (@nytimes) April 15, 2023

California's 'Dream For All' Home Down Payment Program Ran Out Of Money In 12 Days

California's 'Dream For All' Home Down Payment Program Ran Out Of Money In 12 Days https://t.co/EiaResw7yy

— zerohedge (@zerohedge) April 19, 2023

is writing down the value private holdings to market for public pensions.

 is writing down the value private holdings to market for public pensions.

is writing down the value private holdings to market for public pensions. We only have one "comp" - Tiger Global writing its venture capital holdings down by a third.  https://t.co/Xg1fzDZHqN

— Danielle DiMartino Booth (@DiMartinoBooth) April 18, 2023

Heavy truck sales not looking great.

Heavy truck sales not looking great. pic.twitter.com/W1U4LvrZy1

— Lyn Alden (@LynAldenContact) April 17, 2023

16.8% of consumers who financed a new vehicle in Q1 2023 committed to a monthly payment of $1,000 or more — an all-time high.

New month, new record 😳

$1,000 monthly payments aren't going anywhere.

16.8% of consumers who financed a new vehicle in Q1 2023 committed to a monthly payment of $1,000 or more — an all-time high.

This is either a disaster in the making or a big nothing-burger

— CarDealershipGuy (@GuyDealership) April 16, 2023

People who bought rental homes in 2021 and paid 30%+ premiums probably expected to [get] 30%+ more rental revenue.

Redfin just reported that rents are now LOWER than a year ago in the US.

People who bought rental homes in 2021 and paid 30%+ premiums probably expected to 30%+ more rental revenue.

They are in for a nasty surprise.

— Alf (@MacroAlf) April 14, 2023

"New car prices fell for a 3rd month in a row to below MSRP for the first time in nearly 2 years. Credit applications to buy car down 23% YoY in first week of April.”

Insight from @DiMartinoBooth “Fresh from those fine folks at Cox Automotive: New car prices fell for a 3rd month in a row to below MSRP for the first time in nearly 2 years. Credit applications to buy car down 23% YoY in first week of April.”

— Michael Green (@profplum99) April 11, 2023

#GOLD & #SILVER have incredible resilience today! I have never seen anything like this before. They get slammed and they bounce right back up!

#GOLD & #SILVER have incredible resilience today! I have never seen anything like this before. They get slammed and they bounce right back up! pic.twitter.com/v6omm0HIX8

— Eric Yeung 👍🚀🌕 (@KingKong9888) April 12, 2023

Leading labor market indicators also suggest that unemployment is set to rise. Job openings are decreasing as businesses cut back on spending

6/ Leading labor market indicators also suggest that unemployment is set to rise

Job openings are decreasing as businesses cut back on spending pic.twitter.com/ulHe3pUBNK

— Game of Trades (@GameofTrades_) April 11, 2023

California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000

California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000 https://t.co/fXnrNP4r6a

— zerohedge (@zerohedge) April 11, 2023

"The average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019 . . ."

"The average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019, according to Kelley Blue Book owner Cox Automotive. That’s almost a sixth of the median after-tax income for US households."  https://t.co/NpzTeamwMn https://t.co/PB2Ye3gYTl

— Charlie Bilello (@charliebilello) April 10, 2023

Nevada had the highest unemployment rate in February 2023

Nevada had the highest unemployment rate in February 2023 https://t.co/D8BbzMOwtM #BLSdata pic.twitter.com/mb85uZxiiG

— BLS-Labor Statistics (@BLS_gov) April 5, 2023

Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008

Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008 https://t.co/T0k0qaeMjZ

— zerohedge (@zerohedge) April 8, 2023

The recent drop in building sales follows a stretch of record-setting transactions that peaked in late 2021 when the multifamily sector was a top performer in commercial real estate. Cash-rich investors had a strong appetite for apartment buildings. Their top choices were in Sunbelt cities such as Dallas, Phoenix, and Tampa, Fla., where rental housing is largely unregulated and rents were rising 20% or more annually until last year. -WSJ

Green Street.  Looks interesting.  None of these apps are free anymore.   

Waiters and bartenders +50.3K, 26% of all private payrolls

Waiters and bartenders +50.3K, 26% of all private payrolls pic.twitter.com/KEXwKgJJgm

— zerohedge (@zerohedge) April 7, 2023

The 3-Month Treasury yield of 4.91% is now 1.61% higher than the 10-Year Treasury yield (3.30%)

The 3-Month Treasury yield of 4.91% is now 1.61% higher than the 10-Year Treasury yield (3.30%). This is the most inverted yield curve in history. pic.twitter.com/qxMATiv1p4

— Charlie Bilello (@charliebilello) April 7, 2023

Costco’s March sales highlight consumers’ shift to essentials

A picture that leaves little in the way of interpretation. https://t.co/nfB2f8qWAr pic.twitter.com/C52J8TZnyF

— Danielle DiMartino Booth (@DiMartinoBooth) April 7, 2023

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore . . .

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore, per BI.

— unusual_whales (@unusual_whales) April 5, 2023

Gold is less than 2% away from hitting an all-time high

Gold is less than 2% away from hitting an all-time high

And central banks are buying up record amounts of gold

Here’s what you should know 🧵

— Genevieve Roch-Decter, CFA (@GRDecter) April 5, 2023 

Ran out of Physical Gold? 😯🔥🔥🔥🔥 https://t.co/YvrdkgkL9N

— Eric Yeung 👍🚀🌕 (@KingKong9888) April 5, 2023

"You can't just jump from $47k in qualifying income to $86k and play make believe that everything is just going to work itself out"

Either mortgage rates need to come down, or house prices need to come down, or both. You can't just jump from $47k in qualifying income to $86k and play make believe that everything is just going to work itself out. Housing will be ice cold until this spike stops being a spike. pic.twitter.com/PhisqTqR2u

— Jeff Weniger (@JeffWeniger) April 2, 2023

average mortgage cost over last 2 years up from $2,500/month to $4,144/month. A difference of $1,644!

Home prices + mortgage rates rising over the last two years has driven the average cost of up from $2,500/month to $4,144/month. A difference of $1,644!

Source: /u/CheeryOaf pic.twitter.com/4tgL9SIt4F

— Markets & Mayhem (@Mayhem4Markets) April 1, 2023

2 in 5 US houses are owned by boomers. 75% of boomers own a home; only 32% of millennials do.

9/

2 in 5 US houses are owned by boomers.

75% of boomers own a home only 32% of millennials do.

As more than half of boomers die or downsize in the next 10 years, millennials home ownership will have to double.

That won't happen without a massive price correction pic.twitter.com/lIzUvMMDbm

— CatGirl Kulak 😻😿 (Anarchonomicon) (@FromKulak) March 31, 2023

RENTAL PRICES: Looks like sky's the limit for landlords

941,000 multi-family units under construction, ready to hit a market that is contending with a 6.32% mortgage rate, with bank lending standards tightening post-SVB. I suspect we will have to contend with this tough residential real estate market for some time. pic.twitter.com/QIRYSughel

— Jeff Weniger (@JeffWeniger) March 31, 2023

Pending home sales by region. Too many people unwilling to give up those 3% mortgages to move?

Pending home sales by region, compared to February a year ago ⚠️

Too many people unwilling to give up those 3% mortgages to move?

Ht WolfStreet pic.twitter.com/8PhOYuyVCU

— Wall Street Silver (@WallStreetSilv) March 31, 2023

Thus, your only 2 choices: 1) support all their wars and become Glorious Churchill, or 2) oppose them and be maligned as Chamberlain

As @greg_price11 notes, this is from a *2006* article I wrote on neocon tactic of equating everything to one historical event: Hitler and WW2.

Thus, your only 2 choices: 1) support all their wars and become Glorious Churchill, or 2) oppose them and be maligned as Chamberlain: https://t.co/pPza69eZwh

— Glenn Greenwald (@ggreenwald) March 15, 2023

Oh, Great! Gas Prices Going to $10/Gallon?

pic.twitter.com/GqIX75vqCL

— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) March 15, 2023

It's High Taxes that Cause Migration to Other States

#EconWatch: Check out the states that lost the most income due to emigration from 2012 to 2022. What do they have in common? They are all BLUE states that bleed the wealth of hardworking Americans through CONFISCATORY TAXES. pic.twitter.com/CJzEVCtnut

— Steve Hanke (@steve_hanke) March 10, 2023

Real Estate might be in a bubble . . .

Real Estate might be in a bubble… pic.twitter.com/pyYX6XXLcH

— George Gammon (@GeorgeGammon) March 8, 2023

A high-yield money market fund is a no brainer in this environment.

Good Morning Everyone! For the first time in a long time, fixed income is more attractive than stocks. A high-yield money market fund is a no brainer in this environment. pic.twitter.com/JW6G3FEnAF

— Genevieve Roch-Decter, CFA (@GRDecter) March 3, 2023

Reduced immigration raised the ratio of job vacancies to unemployed workers by 5.5%

An economist at the SF Fed examined how the slowdown in immigration between 2017-21 tightened labor markets:

Reduced immigration raised the ratio of job vacancies to unemployed workers by 5.5 percentage points    https://t.co/OoiPDmQUIJ      pic.twitter.com/MjgVliFb8g

— Nick Timiraos (@NickTimiraos) February 27, 2023

Gold Acquired by Chinese Citizens in China Ultimately Belongs to Chinese Central Bank and Government

https://t.co/3j4a48bhhY pic.twitter.com/w9ldd0I3uM

— Patrick Barkio (@P_DiddyBarkio) February 27, 2023

BREAKING: Mortgage demand falls to its lowest level since 1995 as mortgage rates top 7%.

BREAKING: Mortgage demand falls to its lowest level since 1995 as mortgage rates top 7%.

The Housing Affordability Index now says that the average house is less affordable than it was in 2008.

— The Kobeissi Letter (@KobeissiLetter) February 24, 2023

San Francisco: The median price of single-family houses plunged 33%, or by $675,000, from the breath-takingly idiotic peak in March 2022, falling from $2.06 million to $1.38 million in 10 months.

San Francisco: The median price of single-family houses plunged 33%, or by $675,000, from the breath-takingly idiotic peak in March 2022, falling from $2.06 million to $1.38 million in 10 months.

Year-over-year, the median price plunged 15% 🚨 pic.twitter.com/Mqru4d6qqD

— Wall Street Silver (@WallStreetSilv) February 21, 2023

Takes a lot of dedication to serving your clients and providing a seamless experience.

Number of Realtors falling for first time in over decade. pic.twitter.com/GHlj3pG01X

— Rick Palacios Jr. (@RickPalaciosJr) February 17, 2023

That’s fine, if you aren’t good and don’t provide value, you fall off a cliff quickly. It’s not a get rich quick scheme like most people believe. Takes a lot of dedication to serving your clients and providing a seamless experience.

— Martinnnn (@marty_McFlyyer) February 18, 2023

US Existing Home Sales fell for the 11th consecutive month, down 34% over the last year. This was the 2nd largest YoY decline on record (largest was last month).

US Existing Home Sales fell for the 11th consecutive month, down 34% over the last year. This was the 2nd largest YoY decline on record (largest was last month).

Following the same pattern as the last housing bubble: Affordability collapses -> Sales plummet -> Prices decline... pic.twitter.com/m5K0Skpmd7

— Charlie Bilello (@charliebilello) January 20, 2023

38,815 tech workers have been laid off in 2023

Good Morning Everyone! Layoffs announced YTD:

- Google: 12,000 (6% of workforce)
- Microsoft: 10,000 (5%)
- Salesforce: 8,000 (10%)
- Amazon: 8,000 (2%)

38,815 tech workers have been laid off in 2023 pic.twitter.com/dN1RCD8Phe

— Genevieve Roch-Decter, CFA (@GRDecter) January 20, 2023

The labor rotation out of useless zero-risk money created Millennial make work jobs, what Obama calls 'shovel ready,' and into jobs where you shovel dirt and not woke bullshit.  https://t.co/8eOrfYVbRl

— Tom Luongo (The Bots Have Returned!) (@TFL1728) January 21, 2023

"median American household would need to spend 46.4% of their income to afford payments on a median-priced home in the US"

The median American household would need to spend 46.4% of their income to afford payments on a median-priced home in the US, the highest % on record with data going back to 2006. pic.twitter.com/xHpjivN0J5

— Charlie Bilello (@charliebilello) January 18, 2023