Sorry, no homes for you

From HousingWire:

Millennials want to buy homes, but their wallets are saying no

As summertime heats up, it’s safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says its uptick in home buying interest is here to stay.

According to a survey from Realtor.com, this spring was filled with home-buying interest, especially from the nation’s first-time buyers.

This group of homebuyers, who often tend to be Millennials, made up 42% of spring’s home-shoppers.

“Based on our user responses, just under half of all home shoppers this spring were searching for their first home, and many of them were aging Millennials likely driven by life events such as moving in with a partner, getting married or starting a family,” Realtor.com writes. “It may come as a surprise to some people that Millennials are looking to small towns or suburbs, but when it comes to buying a home, Millennials aren’t that different than other generations.”

And they really aren’t that different, as the company noted the vast majority of these young shoppers indicated housing affordability was their top concern when purchasing a new home.

In fact, 42% of first-time buyers said they haven’t closed on a home yet because they can’t find a good house within their budget range, according to the survey.

This isn’t really surprising as several reports have indicated that a lack of affordability has kept many first-time buyers from entering the market.

According to their findings, first-time homebuyers can afford only 20% of housing stock in some of the nation’s housing markets.

The survey confirms that the lack of entry-level supply is putting affordability pressures on too many buyers – especially those at the lower end of the market, where demand is the strongest,” NAR Chief Economist Lawrence Yun said. “This is why first-time buyers continue to struggle finding affordable properties to buy and are making up less than a third of home sales so far this year.”

This entry was posted in Demographics, Economics, Employment, National Real Estate. Bookmark the permalink.

82 Responses to Sorry, no homes for you

  1. xolepa says:

    first……………

  2. chicagofinance says:

    doh!

  3. 3n says:

    Low interest rates bring their own economic misery.

  4. dentss dunnigan says:

    First time buyers …shut out

  5. grim says:

    According to their findings, first-time homebuyers can afford only 20% of housing stock in some of the nation’s housing markets.

    Honestly, this doesn’t at all sound like much of a mismatch.

    First time buyer, lower income – it’s not a stretch that they can only afford homes on the lower-end of the pricing scale.

    In a high-cost area, I’d be surprised if it was even as high as 20%.

  6. Fast Eddie says:

    In fact, 42% of first-time buyers said they haven’t closed on a home yet because they can’t find a good house within their budget range, according to the survey.

    No one wants a house that smells like Chesterfields, boiled cabbage and wet dog. I’ve seen no less than a thousand of them. However, I will admit that every house for sale in my surrounding area does move rather quickly and it is the 40ish crowd with 2 little kids.

  7. Bruiser says:

    Millennials better learn to embrace the suck of commuting like the rest of us did. My wife and I would have loved to buy in Cranbury, which is less than 10 minutes from our jobs and 5 minutes from our previous rental apartment, but we couldn’t afford even the bottom of the Cranbury barrel. So we bought a fixer-upper a half hour away. Commuting sucks, doing projects around the house sucks, but that’s life.

  8. Fast Eddie says:

    And by the way, the stats on Baltimore are mind boggling so why is this rac1st to point it out? As if the leaders at the local and state level really care? And why don’t these liberal progressives ever mention that it starts in the home where guidance and discipline is the answer to their problems.

  9. joyce says:

    A half hour commute in NJ is nothing.

  10. 3b says:

    A lot of the millenials won’t accept the longer commute and I don’t blame them. At
    Least when I was starting out you could have one parent home that’s over for the most part. So now two working parents in the city and they have to commute 1.5 to 2 hours each way pick the kid/s from day care. Come home eat bath bed and do it again next day? I think that’s why there are so many kids in these urban areas now. People won’t do the commute. And if it’s 40 ish people buying now well that’s another set of issues. A big mortgage that people will be paying into their 70s! Plus childcare, college and the risk of layoffs as they age. Does not sound appealing at all.

  11. Bruiser says:

    Joyce, I’m not trying to get in a pr*ck waving contest here. 30 minutes at 6 am in 609 country is a bit of a trip. My wife makes the same commute at 8 am and it is almost an hour. Again, we’re not heading into any urban centers either. Millennials have been living in urban centers, looking for a walkable commute to work (or at least public transit) and now are finding they can’t buy in nice suburbs near their jobs in NYC/Philly. they’re really in for a shock when they see what those commutes will cost them in the affordable areas of the state.

  12. joyce says:

    The last time I read the average commute in NJ was 30+ minutes. I don’t think it specified the median.

  13. The Great Pumpkin says:

    “Dozens of wealthy families in Illinois have reportedly been using a controversial tactic to help their children pay for college: They give up legal guardianship so the teenagers can claim dramatically lower incomes and earn need-based financial aid, according to reports from two news organizations published Monday.
    ProPublica and The Wall Street Journal each detailed the efforts in separate articles after uncovering dozens of applications filed by Chicago-area parents to financially divorce themselves from their kids over the past year and a half.
    As part of the strategy, wealthy parents allegedly file paperwork to transfer legal custody of their kids to other relatives, friends or even co-workers. When the transfers are complete — often during their junior or senior years of high school — students are then able to declare themselves financially independent on college applications. In one instance detailed by the Journal, a student whose parents owned a $1.2 million home only had to declare $4,200 in income from a summer job.
    That student was able to obtain about $47,000 in scholarships and federal Pell grants to attend a private university that costs $65,000 per year.
    The practice is legal, but the Journal notes that the Education Department is looking into the matter. The agency did not immediately respond to HuffPost’s request for comment.
    “It’s a scam,” Andy Borst, the director of undergraduate admissions at the University of Illinois at Urbana-Champaign, told ProPublica. “Wealthy families are manipulating the financial aid process to be eligible for financial aid they would not be otherwise eligible for. They are taking away opportunities from families that really need it.” Borst also spoke with ProPublica”

  14. The Great Pumpkin says:

    Do these people have no ethics and morals? Sure, it’s legal, but it’s downright theft based on people with morals and values. These people literally took a program to help underprivileged kids get a chance at an education and piss all over it. They have some nerve to cry about welfare when they are taking it by manipulating the system and robbing 45,000 a year from the taxpayers. These people should be lined up and shot, they are takers and selfish…enough said.

    These are the scum bags you people defend when it comes to taxes. Oh no, don’t tax the millionaire, they have so bad. They pay more than their fair share already….yea, and how is that? By f’ing manipulating the tax code to avoid pay taxes you ARE SUPPOSED TO BE PAYING. Even worse, they go hide billions or even trillions in offshore accounts that nobody knows exists and did not pay a single tax on…aka did not give back to society in the form of an investment through taxes and then these sh’t bags wonder why infrastructure and public schools are in the shape that they are in.

    Keep avoiding at all costs, your contribution to the investment in society..but do continue to suck off the tit at the same time of everyone else’s investment in our society through taxes.

  15. The Great Pumpkin says:

    Cry about govt corruption or some govt worker getting a pension, but ignore the straight up theft in our tax system by the very people crying they pay too much. Human beings can be major scumbags…so selfish. How can you cry about govt corruption, and at the same time, ruthlessly hide your earnings from the tax man? Talk about a bunch of hypocrites.

  16. The Great Pumpkin says:

    Why didn’t you raise your kids in the city? You make it sound like it’s better?

    Yes, some very wealthy millennials are raising their kids in the city, but for the majority of millennials, this is not possible. What are they going to start having roommates with families to help pay for it?

    The reality is, when most millennials get brave and make the step to adulthood (you are not really an adult if you never raised a kid..I don’t care how old you are..kids make you an adult), they will be moving to the suburbs and commuting to raise their family. Dream on with a 10 minute commute while raising your family..

    3b says:
    July 30, 2019 at 9:17 am
    A lot of the millenials won’t accept the longer commute and I don’t blame them. At
    Least when I was starting out you could have one parent home that’s over for the most part. So now two working parents in the city and they have to commute 1.5 to 2 hours each way pick the kid/s from day care. Come home eat bath bed and do it again next day? I think that’s why there are so many kids in these urban areas now. People won’t do the commute. And if it’s 40 ish people buying now well that’s another set of issues. A big mortgage that people will be paying into their 70s! Plus childcare, college and the risk of layoffs as they age. Does not sound appealing at all.

  17. 3b says:

    God he is insufferable!

  18. The Great Pumpkin says:

    Maybe I have it all wrong, 3b.

  19. ExEssex says:

    Anne Coulter with a scathing overview of American Citizenship fiasco “The Hill”.

    Commuting sucks. We’ve always valued a short hop over living far from the mother ship.

  20. JCer says:

    Pumpkin like all plans and SCHEMES liberals try there are unintended consequences. You show me a tax or government program someone hasn’t somehow figured out to game, there are winners and losers in all public policy and it frequently is gamed by those with the most resources. The reality is they should be able to identify these cases and deny the benefits but because of how the rules are written they cannot.

    The fact that these kids have no assets tell me these are high income people and not the rich because the rich start shift assets at birth to avoid the eventual death tax. The very rich would not do this because they would have moved hundreds of thousands of dollars, if not millions to their kids before 18 through various trust and family partnerships.

  21. The Great Pumpkin says:

    Give up your legal status of your child, so you can make others pay for your child’s education. Not because you can’t afford to, but because you like taking advantage of others.

    Living in a 1.2 million dollar home and gaming the system to get free college at 47,000 a year.

    I can’t get behind this. Anyone that rips off the taxpayer is a traitor to the country. Why is dodging taxes not looked upon as theft by the people that do it? These same people state that taxation is theft. F them!!

  22. The Great Pumpkin says:

    Why can’t they give back and take care of the country that gave them so much opportunity? So selfish, it’s sickening. I’m sorry, every time I hear someone defend the rich as already paying their fair share, I want to gag. They don’t understand to the extent that the wealthy have manipulated their finances to pay a small percentage of what they really earn. Criminal. You describe it right below. No idea how they live with themselves.

    “The fact that these kids have no assets tell me these are high income people and not the rich because the rich start shift assets at birth to avoid the eventual death tax. The very rich would not do this because they would have moved hundreds of thousands of dollars, if not millions to their kids before 18 through various trust and family partnerships.”

  23. Fast Eddie says:

    Wanna talk insanity? $820,000 for a 2/2 in Hoboken. And the taxes are $9,500. Get f.ucking bent!!

    https://www.trulia.com/p/nj/hoboken/114-bloomfield-st-3-hoboken-nj-07030–2005947282

  24. No One says:

    I’ll bet most people who go through all that trouble to make their kid look poor are in more financial trouble than people think. Like people who were previously making a couple hundred K but who have a bunch of debt and a big mortgage to pay, and then just recently lost their job or some of their income. I think these people worked harder than Elizabeth’s Warren to create the right story for their kid. Numerous universities now have an annual cost of $75k. I bet I will be paying full MSRP.

    The smart financial and acceptance play for certain unfavorably-raced parents is to claim that their offspring are the result of their wives cuckolding the husband with either native american or hispanic men, something the couple has only just come to terms with emotionally. Would schools really want to pry for even more information about such a sensitive subject? From what I’m observing, kids are already lying about what race they “identify” as. We visited one top 20 school that looked about 95% white or asian by the eyeball test, but the admissions staff said their data said about 40% of their students “identified” as being from “historically disadvantaged minority” groups.
    If one parent sees others doing something and getting away with it, I’m not surprised if more and more follow, feeling like being honest makes you a sucker.

  25. 3b says:

    Democrats may win in 2020 and if so there will be some form of student loan forgiveness. And i will be one of the foolish parents who paid.

  26. leftwing says:

    Grim, congrats.

  27. Grim says:

    Allow college loans to be discharged in bankruptcy.

    Solid first step in reducing unchecked growth of tuition and expansion of university enrollment.

  28. Grim says:

    The home leading industry took the flac for lending money to people who couldn’t afford homes. This is no different. Easy money creates bubbles, in this case the bubble was in college loans and degrees.

  29. Bystander says:

    Grim,

    One of the questions my IB asks on HR application, is if you have defaulted on student loans? Seriously, wtf. How much are you going to punish people who took part in a corrupt system? I don’t see questions on whether you took bailout from TARP, HARP, or HAMP. What a joke.

  30. grim says:

    We used to do work for a financial services company who would establish a minimum credit score for hiring. The logic is, people in debt are more likely to commit fraud. So they didn’t hire them, period.

  31. ExEssex says:

    Financial Services I can see that. Teachers? Not so much. LOL hahahaha

  32. The Great Pumpkin says:

    Boom…the Great Pumpkin is coming. Boom!! My call is hitting!!

    “Po­lit­i­cal dis­course nowa­days is enough to de­press any­one, and the me­dia don’t help by ig­nor­ing good eco­nomic news. But buck up, Amer­i­cans: Worker wages are grow­ing much faster than pre­vi-ously re­ported.

    The Bu­reau of Eco­nomic Analy­sis (BEA) on Tues­day pub­lished its an­nual re­vi­sions to per­sonal in­come data, and the sur­prise was the huge jump in dis­pos­able in­come and em­ployee com­pen­sa-tion.

    The re­vi­sions show that em­ployee com­pen­sa­tion rose 4.5% in 2017 and 5% in 2018—some $4.4 bil­lion and $87.1 bil­lion more than pre­vi­ously re­ported. The trend has con­tin­ued into 2019, with com­pen-sa­tion in­creas­ing $378 bil­lion or 3.4% in the first six months alone. Wages and salaries were re­vised up­ward to 5.3% from 3.6% in May year over year. And in June wages and salaries grew at an an­nual rate of 5.5%, which is a rock­ing 4.1% af­ter ad­just­ing for in­fla­tion.

    This is far more than the 3.1% year over year in­crease in av­er­age hourly earn­ings that the La­bor De­part­ment’s jobs re­port showed for June. One rea­son for the dis­par­ity may be that em­ploy­ers are hir­ing mil­lions of younger, lower-in­come work­ers, which may be de­press­ing av­er­age hourly earn­ings as older, more highly paid work­ers re­tire.”

    https://www.wsj.com/articles/the-99-get-a-bigger-raise-11564529382?emailToken=31b25103f67433d7377c93b3305e09a1OqCizLJ4MTel3iPhcoxYhbQk618N78E2GkuUs5g0kKzPvJkibI5hJNb+tXuY1WlXYnMdijEpucFh7mcAjg2lpA%3D%3D&reflink=article_copyURL_share

  33. The Great Pumpkin says:

    Roaring 20’s 2.0….let’s go!!

  34. The Great Pumpkin says:

    Lib, still think I’m full of sh!t with the raises? Well there is the data.

  35. The Great Pumpkin says:

    And just remember, the so called village idiot called this back in 2012/13 and it’s all on the blog archives to see for yourself.

    Wild claims that I bring “no value,” yet here I am making legendary calls.

  36. The Great Pumpkin says:

    Expat,

    What’s up buddy? Look at that wage inflation that you claimed was impossible back in 2013. 5%!! Lmao

  37. 1987 condo says:

    Not sure allowing student loans to be discharged in bankruptcy will impact tuition costs since the colleges bear no risk either way since loans are secured by the Feds.

    Actually, having everyone realize that college is too expensive or not necessary, etc will possibly be what is needed to bring down the cost.

    Or go with that guardianship loophole!

  38. The Great Pumpkin says:

    “The per­sonal sav­ings rate was re­vised up­ward to 8.1% from 6.1% in May, which is much higher than the roughly 5% be­fore the last two re­ces­sions. This should make the cur­rent eco­nomic ex­pan­sion more durable since con­sump­tion isn’t be­ing pumped up largely by in­creased house­hold debt. In­stead con­sumer spend­ing has in­creased as wage growth has ac­cel­er­ated amid a tight la­bor mar­ket.

    Re­call how lib­er­als blamed “sec­u­lar stag­na­tion” as the rea­son worker in­comes weren’t grow­ing faster dur­ing the lat­ter years of Barack Oba­ma’s Pres­i­dency. Yet em­ployee com­pen­sa­tion has in­creased by $150 bil­lion more in the first six months of 2019 than all of 2016. Com­pen­sa­tion in­creased 42% more dur­ing the first two years of the Trump Pres­i­dency than in 2015 and 2016. This re­futes the claim by lib­er­als that the econ­omy has merely con­tin­ued on the same tra­jec­tory since 2017 as it was be­fore.”

  39. The Great Pumpkin says:

    If you are making a long term bet on a stock…try Home Depot or other home reflected stocks. Telling you now, millennials are going to go on a home buying spree. Rushing to start families. Play the market off this advice because this is the reality and what’s coming.

    This is what drove my roaring 20’s 2.0 call. The influx of capital through wage inflation and then an economy driven by largest demographic consumption bloc going to work investing in a “family.” Easy money baby

  40. Libturd, seen crazy things done with ping pong balls. says:

    “Or go with that guardianship loophole!”

    I suggested that move here about 15 years ago.

  41. The Great Pumpkin says:

    Democrats are getting hyped, hope trump can hold them off.

  42. The Great Pumpkin says:

    You are one smart dude. That’s for sure.

    Libturd, seen crazy things done with ping pong balls. says:
    July 30, 2019 at 10:34 pm
    “Or go with that guardianship loophole!”

    I suggested that move here about 15 years ago.

  43. Bruiser says:

    Linus, 7:38pm
    “Po­lit­i­cal dis­course nowa­days is enough to de­press any­one, and the me­dia don’t help by ig­nor­ing good eco­nomic news. But buck up, Amer­i­cans: Worker wages are grow­ing much faster than pre­vi-ously re­ported.

    The Bu­reau of Eco­nomic Analy­sis (BEA) on Tues­day pub­lished its an­nual re­vi­sions to per­sonal in­come data, and the sur­prise was the huge jump in dis­pos­able in­come and em­ployee com­pen­sa-tion.”

    Unless you’re in I.T.
    Then you’re still fooked. No end in sight to the H1B and H4 wage suppression train. the Leftists are trampling over each other to throw open the gates and let the entire horde in.

  44. The Original NJ ExPat says:

    I just figured out Trump’s, perhaps genius, political move. I think he just launched it.

    Trump is going to make sure that voters know exactly where the stock market is and exactly what the FOMC has done to (take your pick, for or against Trump’s desired fed funds rate du jour) help/hurt the stock market and economy. With those two variables in play (and they normally aren’t) he can really spin any combination of up or down to make his performance seem enviable and that of all others not.

  45. The Original NJ ExPat says:

    ^^^ In other words, if the economy is firing on all cylinders while the rest of the world has broken down…well, that is because of Trump’s policies and FOMC directives finally obeyed.

    If the economy is fine, but the stock market has stalled/corrected: Obviously the FOMC f’d it up.

    If the US economy is losing significant speed: Doesn’t matter, Trump would be done.

    That’s a pretty nice economy you got there cutie. It would be a shame if something happened to it. Know what I mean?

  46. The Great Pumpkin says:

    This is the golden nugget of evidence in support for roaring 20’s 2.0.

    “The per­sonal sav­ings rate was re­vised up­ward to 8.1% from 6.1% in May, which is much higher than the roughly 5% be­fore the last two re­ces­sions. This should make the cur­rent eco­nomic ex­pan­sion more durable since con­sump­tion isn’t be­ing pumped up largely by in­creased house­hold debt. In­stead con­sumer spend­ing has in­creased as wage growth has ac­cel­er­ated amid a tight la­bor mar­ket.”

  47. The Great Pumpkin says:

    Consumers have ammo!! And the economy is still growing while they build their ammo, lovely!!

  48. The Great Pumpkin says:

    Something has to give. IT guys helping manage teams of H1B have to take a gamble and refuse to manage employees that are being used as a tool to lower their industry’s salary. Those H1B’s are useless without the guidance of a high skilled American. Need to use this against them.

    “Unless you’re in I.T.
    Then you’re still fooked. No end in sight to the H1B and H4 wage suppression train. the Leftists are trampling over each other to throw open the gates and let the entire horde in.”

  49. No One says:

    Who can summarize best last night’s Democratic debate? I only listened to closing statements. From those 10 minutes, I gathered Democrats are still collectivist and redistributionist, like to talk about race, and don’t like Trump much.

  50. Fast Eddie says:

    Who can summarize best last night’s Democratic debate?

    Same as usual – baiting the weaker crowd for votes which translates into producers paying more in the form of taxes for services that don’t exist or benefit a fraction of those intended. The democrat motto should be: We value those who have no value.

  51. No One says:

    Ever hear of “the law of one price”? This applies to labor too. I would try to take this into consideration when advising young people what career to go into. Namely, don’t get into a field where labor can be applied remotely from around the world. Or where labor can be easily substituted by capital (especially when governments have manipulated interest rates to put the cost of borrowing to invest capital extremely low, and almost costless after tax deductions).
    There are definitely trade frictions in labor mobility, so some industries are more vulnerable than others.
    The funny thing is that even the big Indian outsourcing companies aren’t growing much any more. They cannot seem to break in to the African-American Studies industry, for example.

  52. Wedsneday NoOne says:

    No One, the words you are using show you are Fox brainwashed tool. Collectivist and redistributionist like collecting federal reserve dollars and redistributing it to Goldman Sachs, JPM, etc.

    Deep breath and clear your mind.

    The debate can be best summarize as corporatist democrat (Clinton created machine) passing as moderates, trying to keep the status quo (that Trump destroyed in the Republicans that even Moscow Mitch, Jebby B, or Mormon Rodney can’t save) by sinking what they call the progressive or would be called the old democrat party.

    Because the corporatist democrats can’t change their way, they are assuring a Trump re-election.

    By the way, anybody noticed the Chinese troops gathering at the Hong Kong border. China is about to shut Hong Kongnites up and let them know to respect their authority, English rule and law was over 22 yrs ago.

  53. No One says:

    F.Eddie,
    Yes, they’ve always covered that niche of people waiting for the government to cure all their ills. I’m sad to see the base for that growing. I wish people realized that it’s self-perpetuating: the more the government “helps” the economy, the more people will be stuck dependent on government help.

  54. Fast Eddie says:

    Collectivist and redistributionist like collecting federal reserve dollars and redistributing it to Goldman Sachs, JPM, etc.

    We make money when they make money – by working for these organizations, getting raises and bonuses and by having our investments grow exponentially. Taking money from the producers and promising it to the feeble masses who are too simple to realize they’ll never see it is far worse.

  55. The Great Pumpkin says:

    That’s who the democrats are

  56. The Great Pumpkin says:

    They refuse to allow for penalty of actions.

    You made the wrong choice, here is a student loan bailout. Always blaming the wrong target.

  57. No One says:

    Wed,
    You’ve never seen me defending the Fed. I’d have let those Ibanks burn to the ground, and let those not wiped out earn a return on their savings the past 10 years.

    Who are the corporatists and who are the progressives in these long line ups?

    What’s happening in HK is sad. I suspect Commie plants in the resistance helping to give the CCP the excuse they want to take more direct control of HK. Might be positive for the rest of the world, as some might perceive the ruthless brutality of China. And the death knell for there ever being a voluntary resolution with Taiwan.

    I don’t hear lefties criticize the one party state of China nearly as much as Russia lately. China spreads around way more money to politicians, academics, journalists than does Russia, and Chinese agents are much better at faking hospitality.

  58. JCer says:

    China is the big threat. The Russians only compete with us for arms sales. China is actively spying on those in HK, they are being put on lists and will be “taken care of” by the government. China is a big concern they are trying to stake a claim in the west and other unclaimed areas. The Russians really were only trying to hang on to the old soviet sphere, the previous president upset the status quo and put us at odds with Putin.

  59. Libturd, seen crazy things done with ping pong balls. says:

    The debate last night was pretty stupid. Why there is a panel that large in the first place shows how spineless the party is. Come on now. If you didn’t get 3% of the vote after the first debate, just go home. You are wasting lobbyist money!

    Last night was essentially Warren and Bernie in lockstep agreement versus the remaining no-name corporatists. The Gayor did well again, but this country is not going to elect a fag before they elect a woman. Especially not a young one from South Bend.

    Tonight, the big name corporatists debate. There is little difference between them policy-wise. Since Kamala is the only person qualified to talk about race, she will play that card since it worked so well last debate (though her pop in the polls have since faded). Sadly, since she is part of the Pelosi School, she will lose her gains again with time to the anointed Biden who will lose to Trump. When it’s all over, they’ll blame Bernie somehow.

    There’s really no reason to watch tonight except to laugh at the village idiot De Blasio.

    And CNN, in their Dem shill manor, tried their best to derail Bernie. One of the questions they actually asked was, is Bernie to extreme? Come on now.

  60. ExEssex says:

    Ya’ll need to watch Baskets on FX. If you want to truly understand flyover country and it’s agenda.

  61. Wednesday NoOne says:

    I told you, Trump is more likely to ram thru a decent copy version of Medicare For All than democrats other than Warren or Sanders will do. And that will win him the election.

    White House races to come up with health-care wins for Trump’s campaign
    By Yasmeen Abutaleb and
    Josh Dawsey July 31 at 9:17 AM
    White House advisers, scrambling to create a health-care agenda for President Trump to promote on the campaign trail, are meeting at least daily with the aim of rolling out a measure every two to three weeks until the 2020 election.

    One of the initiatives would allow states to import lower-priced drugs from Canada and other countries and another would bar Medicare from paying more than any other country for prescription drugs — controversial ideas in line with Democratic proposals. Yet it remains unclear the administration has the legal authority to execute some of these policies without Congress.

    The White House is already facing fierce pushback on some proposals from Republicans on Capitol Hill and the pharmaceutical industry, which will likely to go to court to challenge any measure it opposes.

    The furious push reflects the administration’s sense of vulnerability on an issue that Democrats successfully used in 2018 to win control of the House of Representatives. White House officials are eager to inoculate the president against a repeat of that strategy in 2020 — and reduce the GOP disadvantage on an issue that pollsters say plays to Democratic strengths. Most of the Democratic presidential candidates have made health-care proposals, including Medicare-for-all plans, key to their campaigns.

    “President Trump has said we will protect people with preexisting conditions, lower drug prices, end surprise medical bills, and make sure Americans get the highest quality of care they deserve,” said White House spokesman Judd Deere. “While the radical left has sweeping proposals for a total government takeover of the health system that will hurt seniors and eliminate private insurance for 180 million Americans, the Trump administration is working on real solutions.”

    Some, however, are doubtful a flurry of executive orders and new regulations would have an immediate effect on consumers’ pocketbooks. What is clear is that the approach, which includes White House support for a bipartisan Senate bill to cap Medicare drug price increases to the rate of inflation, is putting congressional Republicans in a tough spot: Embrace Trump’s agenda and abandon conservative precepts about interference in the marketplace, or buck the president on one of his top priorities.

    While Republicans have largely fallen in line with Trump on free trade and immigration even when he has blown up GOP orthodoxy, many rely heavily on donations from the pharmaceutical industry and are reluctant to sour those relationships.

    One lobbyist, who spoke on the condition of anonymity, described being stunned at a recent White House meeting when Domestic Policy Council Director Joe Grogan said the administration would not let Democrats run to the president’s left on lowering the prices of prescription medicines.

    In another tense meeting, top pharmaceutical executives were told bluntly “it wasn’t in the industry’s best interests” to block the bipartisan Senate bill backed by Trump. If it failed, they were told, they’d see “the president of the United States negotiating with Nancy Pelosi [on allowing the government to negotiate drug prices in Medicare],” said a person familiar with the meeting.

  62. Libturd, seen crazy things done with ping pong balls. says:

    Shame there’s no immigration lobby or free trade lobby.

    “While Republicans have largely fallen in line with Trump on free trade and immigration even when he has blown up GOP orthodoxy, many rely heavily on donations from the pharmaceutical industry and are reluctant to sour those relationships.”

  63. chicagofinance says:

    Churl……

    joyce says:
    July 30, 2019 at 9:08 am
    A half hour commute in NJ is nothing.

  64. AlexaFeala says:

    Hello, friends!
    Recently i found this excellent site, where you can find any girl from your neighbourhood – http://bit.ly/bestchicks222

    Go check it out, before it’s to late! Girls are waiting for you..

    Good luck for all of you, my friends!

  65. The Great Pumpkin says:

    Rate cut..

  66. Libturd, seen crazy things done with ping pong balls. says:

    Roaring 20’s?

    Fed cuts rates for first time since 2008

    Fed also ends quantitative tightening

  67. joyce says:

    I’d say Trump is more likely to campaign on something along those lines but won’t do anything other than tinker around the edges, if that… and if he wins the election, he won’t do it then either.

    Wednesday NoOne says:
    July 31, 2019 at 11:09 am
    I told you, Trump is more likely to ram thru a decent copy version of Medicare For All than democrats other than Warren or Sanders will do. And that will win him the election.

  68. MMblate says:

    Do you want to constantly have excellent cleanliness as well as order in your apartment or condo? Do you have time to clean on your own? Will you need to relocate or have you recently finished repair work? Agree that to produce comfort in your home without a proper degree of sanitation is rather hard.
    Cleansing an apartment is an intricate process that calls for not only initiative but additionally time, which everyone does not have so much. Our firm supplies you to utilize unique services to restore order in your home or apartment or condo on really beneficial terms. Many thanks to the wonderful experience as well as professionalism of the experts, your holiday accommodation will certainly be immaculately clean.
    Get in touch with us and we will cleanse your home or exclusive cottage!
    Turning to us, you can be sure that our house maid service NY is an worker with long-term home and living in NYC, who will properly cleanse the apartment and also fulfill all home jobs.
    We abide by the legislation, therefore we do not confess to the staff of our company persons who are not registered in the country. house cleaning solution NY who are not residents of our state can not work in our business.
    The [url=https://maidsmanhattan.club]housemaid[/url] NY home service is CHEAP!

    All you require to do in order to welcome the housemaid to your residence is to leave a demand to our phone supervisors. Afterwards, sanitation and order will certainly resolve in your residence!

    Top notch house chemicals and also technological equipment that is necessary for cleansing, our inbound housemaid, and also currently you’re assistant will bring with her.
    All house cleaners strictly observe privacy as well as know the rules and also standards of actions and interaction in the family with the company. They are always responsible as well as exec.

    Order the services of a caretaker! Rid yourself of tiring homework and take some time for yourself and your loved ones!

  69. Grim says:

    Fed cuts

  70. 1987 condo says:

    Market falls 400 points as Powell speaks

  71. No One says:

    As far as I can tell, Trump cannot actually do anything that requires the cooperation of congress. He got one tax bill through congress and failed every other item, and that was when Repubs controlled house and senate. He can appoint judges, he can do tariffs start trade wars, and he can meet with and insult foreign representatives, and he can tweet and visit Sean Hannity on TV. He can tell the agencies that listen to him how he wants them to act. The odds of him leading complex legislation through congress is about zero. Right now seems to be total gridlock, which is generally a good thing because congress tends to pass bad laws. As much as I dislike Trump I’d probably dislike any Dem candidate even more.

  72. Nomad says:

    If you want to drive down the cost of healthcare, make prices transparent and let consumers shop. That radiology procedure that your favorite shop wants $2600 for, a few phone calls and you can likely save 20+%

    https://medcitynews.com/2019/07/cms-proposes-rule-for-providers-to-publish-healthcare-rates-negotiated-with-payers/

    BTW, your prescription drug benefit may not be. In some cases, cash price may be lower. Pharmacist contractually is not allowed to offer up cash price. You have to ask what cash price is. You can sometimes save by using coupon from GoodRx.com and you don’t have to sign up. Go to site, enter drug and it will give you prices in your area. Make sure zip code is set to your location.

  73. Joyce NoOne says:

    Joyce & NoOne,

    I know Trump is no likely to do anything and that Moscow Mitch and BillionaireBoomerGranny Pelosi are too locust boomer like to actually do something right for the country, even when it is staring in the face, I don’t expect much from any boomer in leadership except large expenses on h00kers,bl0w and p3ck3er pills.

    The point is the orange bull in the china shop is targeting that particular issue. And when a particular issue is targeted you got to take it serious that massive change and upheavals will follow.

    An example is China. Now suffering is 2nd worse economic performance quarter as reported by the Chinese Communist Party, once the great orange bull stopped talking the free market trade bs and said the truth that corporate America sold out to the chinese communist party, and in a side note told Apple no tariff exception for their computers, and if they don’t want to pay for it move their factory to Texas, where they previously had one.

  74. Joyce NoOne says:

    The 2 paragraphs that matter, if he follows through will be the equivalent of Nixon going to China and creating the EPA, and LBJ passing the civil rights, votings rights, and Medicare and sticking it to southern segregationist democrats. Earning the name “The Greatest Boomer Orange Bull”.

    One lobbyist, who spoke on the condition of anonymity, described being stunned at a recent White House meeting when Domestic Policy Council Director Joe Grogan said the administration would not let Democrats run to the president’s left on lowering the prices of prescription medicines.

    In another tense meeting, top pharmaceutical executives were told bluntly “it wasn’t in the industry’s best interests” to block the bipartisan Senate bill backed by Trump. If it failed, they were told, they’d see “the president of the United States negotiating with Nancy Pelosi [on allowing the government to negotiate drug prices in Medicare],” said a person familiar with the meeting.

  75. Joyce NoOne says:

    Grim please unmod, related reply

  76. ExEssex says:

    9:37 I didn’t watch it, but “value” is very funny word to throw around.

  77. grim says:

    Hawkish rate cut?

    WTF.. I need a nap.

  78. leftwing says:

    Hawaiian chick a cutie. Too bad her state doesn’t matter for anything, no seat for her.

    Is diblasio truly as stupid as he looks and sounds? Thought he was just a loud mouthed hack, I was wrong, he’s an idiot.

    She’s older than when she first came on the scene but I’d still roll gillibrand in flour to find the wet spot…

    Thank you Elon, the gift that keeps giving…ditto GE. W and SHOP, feel free to continue the downside tomorrow as well. Otherwise, onward and upward….

  79. leftwing says:

    Biden fcuking up basic presidential math in his closing. And who the fcuk named his website. Joe30300? Wtf lol

  80. Nomad says:

    How Amazon will take over your house. Partnership with Lenar and Reaology
    Lenar installing Echo and assort d monitoring devices during construction.

    Replace DOT with .

    https://www.axiosDOTcom/amazon-echo-alexa-ring-smart-home-surveillance-15323060-972f-46e5-8aa0-b3506249a7b0.html

    https://www.amazonDOTcom/adlp/turnkey

Comments are closed.