Most Americans Cannot Afford a New Construction Home

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New construction home prices are at unseasonable highs, as the median U.S. new home price of $390,900 in August remained commensurate with July’s record. This increase in pricing is outpacing the national median household income, which has decreased 2.9% from 2019 to 2020 to $67,521 – a decline seen for the first time since 2011, … Read more

Gas prices hit a 7 year high and Biden is at a global conference talking about decreasing American oil production and raising gas taxes even higher. 2024 can’t come fast enough.

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As world leaders gather in Scotland for the United Nations climate conference, Americans are facing the highest prices for gasoline since 2014. The national average price of gas rose two cents over the past week to $3.402, according to the American Automobile Association. One month ago, the national average was $3.192. One year ago, it … Read more

Cars To Be Equipped With “In-Air” Alcohol Detection Systems That Test The Breath Of Everyone

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by mapi Big Brother will soon be able to stop a person from driving their car if it detects any alcohol in their breath. The Automotive Coalition for Traffic Safety, Inc.(ACTS) and the Driver Alcohol Detection System for Safety (DADSS) program have created an open source “in-air” alcohol detection system for new vehicles. “The new technology is the … Read more

This Ridiculous Accounting Gimmick Has Opened the Door to Potentially Massive Profits

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by The Phoenix Inflation is bad… so much worse than the official numbers admit. Dissecting all the gimmicks the Bureau of Labor Statistics (BLS) employed to understate the official inflation numbers would take pages and pages than we have this week. However, one of the more egregious examples concerns its “Shelter” component which is supposed to … Read more

Amsterdam Real Housing Prices Highest in 400 Years: An Analysis of a Bubble

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by Jan Nieuwenhuijs via The Gold Observer Housing prices in Amsterdam, corrected for inflation, have never been this high since recorded history. Next to low interest rates, the cause of rapidly rising prices is a feedback cycle between banks and consumers having become addicted to mortgage lending and ever-increasing prices. With the Great Financial Crisis—caused by a real … Read more

ZILLOW to Offload 7,000 Homes After Flipping Fumble…

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(Bloomberg) — Zillow Group Inc. is looking to sell about 7,000 homes as it seeks to recover from a fumble in its high-tech home-flipping business. The company is seeking roughly $2.8 billion for the houses, which are being pitched to institutional investors, according to people familiar with the matter. Zillow will likely sell the properties … Read more

Elon blows up the “ending world hunger with donations” narrative and starts asking uncomfortable questions.

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by bgny I like Elon today for bringing attention to the UN as extortionists and pedophiles. Starving children ‘as young as NINE forced to give UN officials oral sex to get food’ The article details a report exposing how UN peacekeepers “orally and anally raped” children in the Central African Republic and how top officials at the … Read more

Why is Citi the only major US bank not to recover from the 08 Global Financial Crisis

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by javalikecoffee This chart shows dividend-adjusted returns from CapitalIQ from Jan 1 2007 to today – JP Morgan: 415% – Goldman: 154% – US Bank: 152% – Wells Fargo: 118% – Morgan Stanley: 102% – Bank of America: 19% – CitiGroup: -83% Anyone in banking understand why it has underperformed so much in comparison to peers? … Read more