Homeowners work 110 hours per month to afford their mortgages

Completely unsustainable. Fed is to blame for manipulating the interest rates for decades. “the typical home buyer in October paid 77 percent more on their loan, per month, than they would have last year, according to Realtor.com.” https://www.nytimes.com/2022/11/04/realestate/housing-market-interest-rates.html AC

Real Wage Growth Falls For The 20th Month

by Ryan McMaken of Mises Institute The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in 12 months. According to …

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Free $1200 Per Month If You Mutilate Yourself As A Trans Person In San Francisco

https://twitter.com/ClownWorld_/status/1592993427280756736 San Francisco has launched a guaranteed income program for Trans people. https://t.co/QZm8ZqTE4g — KTVU (@KTVU) November 16, 2022 San Francisco launches new guaranteed income program for transgender community SAN FRANCISCO (KGO) — San Francisco Mayor London Breed announced the …

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Twitter Is Going To Charge $20 Per Month For Blue Check

Musk plans to charge users on $20 per month to have the verification badge on twitter. https://economictimes.indiatimes.com/news/newsblogs/daily-news-and-latest-updates-live-31-october-2022/liveblog/95189833.cms https://www.theverge.com/2022/10/30/23431931/twitter-paid-verification-elon-musk-blue-monthly-subscription https://www.msn.com/en-in/money/news/musk-reportedly-plans-to-charge-2420-a-month-from-twitter-users-for-blue-ticks/ar-AA13yDGb   h/t SqueakyOne

The Fed’s BIG Green Bag! MSCI Global Technology Index Has Worst Month since October 2008 As Fed Withdraws Stimulus (NASDAQ, PayPal, ARKK All Tumbling)

by confoundedinterest17 I feel like I am living in the horror movie “Saw”. The Federal Reserve is tightening their BIG green bag of money to fight inflation … caused by Biden’s energy policies and massive Federal government spending. (Bloomberg) Stocks fell, pressured by rising …

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Australian homeowners could be forking out more than $2000 extra a month soon, with fears they don’t realise the “shock” headed their way.

by Boo_Randy You are not a “homeowner” until the last mortgage check clears. These Australian debt donkeys who bought into one of the world’s most insane housing bubble courtesy of the RBA are royally screwed. https://www.news.com.au/finance/economy/interest-rates/interest-rates-how-much-the-cash-rate-could-rise-by-2023/news-story/dc2d53fda7f84927a7fa94120c4dab09 Australian homeowners could be …

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Official: Germany Has Entered Hyperinflation

JUST IN – Germany's producer price inflation surges by a staggering 7.9% to 45.8% in August — the highest increase since the survey began in 1949. — Disclose.tv (@disclosetv) September 20, 2022 Another month, another bizarre record in German (producer) …

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Meanwhile, the interest rate on US 30 year mortgages just hit 6.42%, an increase of 15% in 1 month, and 112% in 1 year. This is happening while real wages have been negative and households just lost $6.1 trillion in wealth in Q2 and Fed is planning to start selling $35 bn MBS per month

by silvertomars Wells Fargo Housing Market Index is now below where it had been in May 2006, on the way down into the Housing Bust At a 6% interest rate, monthly mortgage for a $500K home is 40% higher compared …

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The U.S housing market just saw the largest single-month deceleration in the past 40 years! For the first time since the pandemic, homes are now selling below the asking price

https://twitter.com/mkt_sentiment/status/1570389759041609731 https://twitter.com/mkt_sentiment/status/1570389798585507841 https://twitter.com/mkt_sentiment/status/1570389821708804099 https://twitter.com/mkt_sentiment/status/1570389826012061697 https://twitter.com/mkt_sentiment/status/1570398034512728064 https://twitter.com/WallStreetSilv/status/1570598420896952320 The current #StockMarket crash has the potential to extend to a 30% fall in the next few weeks on the way to a 90% fall in coming years. The Dark Years are here.https://t.co/NmakUlNCbi — …

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