From the Philly Inquirer:
The Philly area doesn’t have enough homes available for low- and middle-income buyers
More than one million homes nationwide were available for sale in late April. But high prices mean that what’s out there doesn’t match what people at various income levels can afford, according to a new report from the nation’s Realtors.
Basically, home listings affordable for middle- and lower-income households are missing. The country needs more homes that households at all income levels can buy to chip away at the problems of low affordability and low housing supply, according to a report that the National Association of Realtors and Realtor.com released Thursday.
“Ongoing high housing costs and the scarcity of available homes continues to present budget challenges for many prospective buyers, and it’s likely keeping some buyers in the rental marketor on the sidelines and delaying their purchase until conditions improve,” Danielle Hale, Realtor.com’s chief economist, said in a statement.
The report breaks down the number of homes missing for each income level by comparing the number of listings available in April to the number that would need to be available to accommodate buyers. Realtors said they hope local and federal governments can use their analysis to ease the twin problems of affordability and housing supply.
…
“Middle-income buyers face the largest shortage of homes among all income groups, making it even harder for them to build wealth through home ownership,” Nadia Evangelou, senior economist and director of real estate research at the National Association of Realtors, said in a statement.
In the Philadelphia metropolitan area, households making $50,000 faced the largest shortage of available home listings. In April, 3,440 listings affordable to buyers with this income were missing, according to the report. These households should be able to afford 32% of listings, but they were only able to afford 13%.
Friskies
Cathie Wood interview coming up at 7:30 on CNBC
New bull market?
Where You Can Still Find a Work-From-Home Job
Flexible work arrangements remain plentiful—but not everywhere. New data show a rapidly evolving map of where the most jobs are located with the flexibility to work remotely at least some of the time. Job postings that allow at least one work-from-home day each week are higher in the Northeast. They appear to be fading across much of the South, Midwest and parts of the West. WSJ’s Lindsay Ellis and Gwynn Guilford take a graphics-driven dive into where employers are still offering work-from-home jobs.
Any good pts from Wood interview?
yeah, we are going to have a nationwide network of Robotaxi Teslas in 6 months worth 10 trillion in GDP annually.
Left
Headline article. Maybe this one:
The 2024 Lexus GX 550 Gets 33-Inch Tires, Locking Rear Diff, and a Turbo V-6
Tesla employees passed around videos taken in car owners’ private garages and other interesting recordings captured by the cameras built in to the company’s vehicles, Reuters reported today. “We could see them doing laundry and really intimate things. We could see their kids,” according to one of nine former employees who told the news agency about the practice.
File this under “shocking but unsurprising.” Shocking because it’s a significant abuse of privacy — but unsurprising because this is a pattern that has happened repeatedly for many years. Unfortunately, today, when you accept some company’s recording devices into your life, you lose control of your privacy.
Q.
Have a few days off. There used to be a “standby” thing at the airport.
Best way to look for short notice plane tickets?
Lastly:
A public service announcement:
Battery powered power tools are sharp, please don’t stick your appendages into them.
Thank you.
United has a last minute travel deals page.
Best way to look for short notice plane tickets?
On a sailing ship to nowhere, leaving any place,
If the summer change to winter, yours is no disgrace.
Flights.google.com
There is no longer a penalty for booking at the last minute. Honestly, in most cases, as long as it’s not a holiday period or there is no major event taking place at your destination, it’s cheaper. Especially if you are travelling solo. Once you have your ticket, you can usually go standby on an earlier flight, even if they were trying to charge more for it. Though, this is not ALWAYS the case. I prefer Delta because their seats have the most legroom of the majors and they are extremely flexible with changing flights. United is the K-Mart of the skies.
Oh, nearly forgot. Type in your dates and departure airport and hit explore. It will show you all of the destinations from lowest to highest price.
Leave tonight, come home Monday. Fly first class round trip to Denver $770.
Costa Rica direct from Newark is $297. I’d just head there and head out to one of the warm springs in Arenal. Air conditioned bus with wifi is $5. :P
I think someone just shot that bull.
Cathie Wood: Bitcoin $1,000,000 in 2030.
Bitcoin and Tesla…winning investments. She absolutely killed it on these two. Grand slam!! See ya!
You didn’t have to buy her funds….you just had to listen to her and buy her highest convictions. Retired if you did.
She gets so much hate, meanwhile she was screaming to buy Tesla and Bitcoin. The response….laughed at her. What better advice were people looking for? Why would bash someone that was giving you the best free advice in the game. SMH.
Do you feel better now having gotten that out of your system?
Home value holding fast in SoCal at just over $1M … those mountain views and super safe towns in my corner of the world are tough to beat around here. I’m 30-40 mins from LA. Close enough to enjoy the city and far enough away to not be affected by the nonsense there.
Please stop spamming the absolute shyt out of this forum.
Grim, can you tell me more about the last minute United page? My resaerach indicates that there’s a last minute… phone number? but not site?
Boomer,
Spamming? Here’s a cold glass of stfu!
Boomer,
You know what’s funny about people like you. You sit there and bash investments like bitcoin and Tesla. You do realize they were prob the best investments over the last decade, correct? Let the hate go…
Aye. Most investments go from 41K to 17K over the course of days because of sound economic fundamentals; and then proceed to bounce around all over the place while their exchanges collapse over contagion and fraud investigations.
Clearly not gambling but just everyday typical sound investing.
Home,
It’s simply early stage price discovery on disruptive innovation. Even happened to gold or any other thing of value in this world. It takes time for the market to understand and price new things.
I know Continental used to release last minute weekend specials on Wednesday each week if you signed up for them. I imagine United followed suit.
Which reminds me of one of Gator’s favorite stories. When I lived in Los Angeles, I needed about 900 miles to maintain Silver Elite status, which at that time was a 100% guarantee to get bumped into first class on nearly every flight if you knew “the trick.” It was our anniversary weekend coming up, so I said we would take a short jump to wherever Continental was running a weekend deal to. Keep in mind, this was late October. So we settled on beautiful Buffalo NY w/ a trip up to a freezing Niagara Falls and an overnight stay in a Microtel ($20 a night) in little known Tunawanda (or something like that). She never forgets to remind me of that trip every year. I think the rental car was $20 too.
Those weekend deals were always Friday or Saturday departure with a Sunday return.
Captain Cheapo finds it.
https://www.united.com/en-us/flight-deals
Cpt Cheato
Then understand that when it runs up high in a bull, it’s going to get slammed as people are in position to take profits in a very wide price range. Of course it goes from 41k to 17k because of how fast it went up, and when people were able to buy. Ton of people in position to sell for a nice profit. Support levels aren’t as strong in comparison to something that “slowly” went up.
That’s why most people can’t handle investing in high growth…they can’t handle the swings. It’s too much on their emotion and start making dumb moves. They love to buy high and sell low. It’s truly amazing to witness over and over. They love the comfort of buying an asset that rose significantly, and hate buying or holding something that has dropped significantly. That’s why most people lose when it comes to investing.
Hahahahahahahahahahahaha
Two of Donald Trump’s top lawyers abruptly resigned from his defense team on Friday, just hours after news broke that he and a close aide were indicted on charges related to their handling of classified documents.
Jim Trusty and John Rowley, who helmed Trump’s Washington, D.C.-based legal team for months and were seen frequently at the federal courthouse, indicated they would no longer represent Trump in matters being investigated and prosecuted by special counsel Jack Smith, who is probing both the documents matter and efforts by Trump to subvert the 2020 election.
Look at me with DNA. That tells you what kind of investor I am. Nerves of f/ing steel. I am not afraid to lose money on paper. Most people that bought DNA at 14 would have abandoned their position and sold for a big loss. I am close to even on my investment (1.90) because I understand how the game works. I understand what I own and I understand how the market works. I understand the market psychology of the participants. All this took a very very long time to learn from experience and tough lessons.
Yeah baby, Pumpy Like. Oh pleeeease pumpy please.
Let’s all hold hands and sing some depeche mode.
Congrats on almost breaking even for the first time in 3 years
Yeah hilarious. The nation is in sharp decline. The fly catcher in chief has been caught red handed again. Instead of taking action they generate yet another hoax. Our countrys credibility takes another hit. Same dupes applaud. Rinse repeat.
Meanwhile China and Russia are advancing. They know he’s weak and compromised. Or cities are hollowing out. Predators are on the prowl for children everywhere you look. Backed by the vegetable president. The only thing the largest segment of voters can come up with is all is well and get the Orange man. What a pathetic society we’ve become.
Funny that you mention this. DNA has never seen a bull market….could get interesting. Been slowly taking advantage of the price on the way down, see what happens from here when the macro conditions change.
BRT says:
June 9, 2023 at 3:11 pm
Congrats on almost breaking even for the first time in 3 years
3:13
3:13 Hahahaha That’s great. The guy is a buffoon. He’s incriminated himself at every turn and made this case a slam dunk for the prosecution. The Country will be better off without him as a Presidential hopeful. He needs to go way to the house of many windows and spend some quality time in isolation. He’s an imbecile that somehow was elevated to this highest office in the land. He has brought along like-minded fools with low IQs, no sense of history, and nothing to offer but dog whistle hate speech aimed at the most vulnerable of our population. Yet, somehow he and his followers are the victims. As President he underperformed on nearly every single measure and he forced a bunch of Christian nationalists onto the world stage whose only mission is to control the rights of others and instigate their backward political agenda on a free country.
3:19 China isn’t advancing. Their economy, foreign investment, and exports to the US are shrinking by significant measures. Russia’s economy is a complete disaster.
Checks out:
https://www.yesmagazine.org/economy/2022/03/21/republican-conservative-america-angry
Across America, the partisan gap in gross domestic product per capita is also huge and growing: $77,900 in Democratic-voting areas, compared with $46,600 in Republican-voting areas. Antlers and Pushmataha County are hardly alone: 444 Republican counties have a GDP per capita of under $30,000, and 10 times as many people live in those counties than in the seven similarly low-GDP Democratic counties. Whites in about 40% of all Republican counties lost income over the past two decades. And Trump’s administration was no help to his base. During his presidency, the overall Democrat–Republican GDP per capita gap widened by another $1,800.
Sounds like an msnbc screed but means very little. If what we’re seeing is protecting the vulnerable then I’ll pass. Maybe uplifting the living standards of millions of third worlders but it’s not doing much for our countrymen. Bestowing permanent victimhood perhaps. If you can’t succeed it’s because someone screwed you. Inconvenient truths are now called hate speech.
China is advancing everywhere that matters in the real world. Maybe not In the number of gender studies graduates and high esg scores.
It’s an example of just how badly flyover Country has weathered economic change and development. It’s a case study in how gun deaths occur in these places and how addiction and other maladies are rife.
Each and every vapid post you make simply creates the image that you are mentally impaired. Arguing with a stupid person is pointless. I’m all for inclusion, but irl I avoid morons.
Again, Trump will go down as the worst president in history. Again, losing to an establishment Dem with dementia, diapers and a drug dependent dependant.
Just ignore the numbnuts.
Yeah peace and prosperity were terrible. Just keep pretending you guys. Seems to be working for now.
If most of your research into stocks involves the price of the stock or macroeconomic trends, that is not investing. Those things have as much to do with investing as astrology does. Nobody can time the market in the long run, and there’s a mountain of evidence to support this. It blows my mind that 90% of investors agree with this while simultaneously trying to time the market. It’s one of the most common examples of cognitive dissonance I’ve ever seen in human behavior, and it makes people poor. Buying a dip isn’t necessarily timing the market, but waiting for a dip certainly is.
Investing is about researching the company from a product level all the way down to the organizational, leadership and cultural level (the stuff that created the product). By the time you’re looking at financial statements it’s too late, you’ll have missed out on most of the gains. You must go deep into the DNA of the company to find undervalued stocks. It’s about spotting the things that nobody looks at. Look at things like employee reviews of the company, the quality of engineering candidates that are hired, software development practices and percentage of software development that is outsourced, track record of CEO at previous companies, executive interviews, whether the executives are purely marketing people with little knowledge or respect for engineering vs product or engineering people who have actually delivered, etc. There are hundreds of indicators. It’s not hard to spot the winners and the losers of you go deeper in your research than most. And you don’t need to do this for a zillion different companies, just a few or maybe even one of you find a real winner (Tesla for example).
To summarize, don’t try to time a goddamn thing, have an investing window of at least 7-10 years to erase volatility and macro trends, penetrate the veil of the company to discover for yourself what its DNA is, and don’t own too many stocks because nobody has time to research 10+ companies and you must understand at a very deep level every stock you own to avoid panic selling like everyone else does.
“prosperity” for who? Trump did nothing for his base. Their earnings fall far below “blue areas” that you like to vilify. Read the article.
Lib: If Trump does not get the nomination because of this , does that mean Biden wins? I thought the Democrats believed Biden was the only one who could beat Trump? What happens if no Trump?
He raised disposable income for working families by a record amount. Not bad.
He also exposed the elite class as totally corrupt and worthless. They’ve been selling us out for a long long time. They hate him for it.
I guess my work is very valuable now.
Stupid people are seen as a group, more powerful by far than major organizations such as the Mafia and the military-industrial complex, which without regulations, leaders, or manifesto nonetheless manages to operate to great effect and with incredible coordination.[citation needed]
These are Cipolla’s five fundamental laws of stupidity:
Always and inevitably, everyone underestimates the number of stupid individuals in circulation.
The probability that a certain person (will) be stupid is independent of any other characteristic of that person.
A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.
Non-stupid people always underestimate the damaging power of stupid individuals. In particular, non-stupid people constantly forget that at all times and places, and under any circumstances, to deal and/or associate with stupid people always turns out to be a costly mistake.
A stupid person is the most dangerous type of person.
Corollary: a stupid person is more dangerous than a pillager.
“He also exposed the elite class as totally corrupt and worthless. They’ve been selling us out for a long long time. They hate him for it”
We all know that. Sadly, Trump was part of this group. Only the basket of deplorables that carried his torch were too stupid to realize this. Guess what? You’re fired!
As for Biden. I truly hope he and Pelosi and the rest of those criminals all have to shower together.
“Democrats believed Biden was the only one who could beat Trump?”
Democrats have no clue when it comes to predicting outcomes. Especially that of elections. I’m a decent gambler because I can separate my emotions from my viewpoint. It’s how I knew Trump would beat HRC and Biden would be Trump. Of course, the Wonks always think their own guy is going to win. It’s like shooting fish in a barrel.
Quite obviously, Trump’s destruction of the Supreme Court was his ultimate undoing. These weak cases against him only embolden his base. But fear not, he is going down for the insurrection. One only needed to see him smiling from that white tent (what was that white tent for btw?) on January 6th to know he was both behind it and a strong supporter of it. Then there’s Georgia where his hand was caught in the cookie jar. But the truth never matters to the fish in the barrel. They just keep on swimming as if immortal.
So who can beat Biden? Really, any moderate Republican that rejects the politics of the populists and can string two words together.
In the game of politics though, the Left has a tremendous lead. It takes a tremendous amount of time to heal the wounds of a Trump.
Biden has kind of sucked, but that’s average.
Let’s just be real – all things aside, every illegal and absurd thing he did was recorded. Should someone this dumb be president? BananaBrain is lost as usual, project mushroom dik as some lord and savior. He is dumb, arrogant, deranged criminal. I swear he wants to go to jail.
“Secret. This is secret information. Look, look at this,” Trump says at one point, according to the transcript. “This was done by the military and given to me.”
Trump was complaining in the meeting about Chairman of the Joint Chiefs of Staff Gen. Mark Milley. The meeting occurred shortly after The New Yorker published a story by Susan Glasser detailing how, in the final days of Trump’s presidency, Milley instructed the Joint Chiefs to ensure Trump issued no illegal orders and that he be informed if there was any concern.
“Well, with Milley – uh, let me see that, I’ll show you an example. He said that I wanted to attack Iran. Isn’t that amazing? I have a big pile of papers, this thing just came up. Look. This was him,” Trump says, according to the transcript. “They presented me this – this is off the record, but – they presented me this. This was him. This was the Defense Department and him. We looked at some. This was him. This wasn’t done by me, this was him.”
Trump continues: “All sorts of stuff – pages long, look. Wait a minute, let’s see here. I just found, isn’t that amazing? This totally wins my case, you know. Except it is like, highly confidential. Secret. This is secret information. Look, look at this.”
Saudis have too much money…
“Al-Hilal have made one final attempt to sign Leo Messi. They have increased their offer to €1.5 billion over 3 years.”
Yes to kick a ball in the desert for 3 years…
Whatever one’s politics are or just indifferent as I believe more Americans are becoming, (perhaps numb is a better word). I think we all can agree that it’s pretty sad, the only choices available to the American people are Biden , and I assume ( away from the indictment) Trump.
Lib – re” “worst president”
Nah people have short memories about the politics. The deaths of friends and family are however passed down from generation to generation. Ask the people of Cambodia or heck Burma, Laos, or Vietnam who the worst American president was.
Or in more modern times the people of Afghanistan, Iraq, Syria, Libya, Yemen, Somalia and Pakistan.
Trump did not start any new wars… Look I don’t want to defend the guy but when the body count is much much higher than the previous administrations one has to wonder.
Yeah he kept top secret info in his bathroom like Hillary did, and why so did they had to go to the Hague to find a prosecutor crazy enough to go after him.
Question this. Why could they not find a local lawyer to do the dirty work? And again I am not defending him, he is crap like many others before him.
https://youtu.be/kd5R3NypfeA?t=45
ExEx says:
June 9, 2023 at 3:01 pm
Let’s all hold hands and sing some depeche mode.
Epic
The man, the myth…
https://youtu.be/Zv07FGGg1QM
Was that Beetlejuice singing?
OC cum
Libturd says:
June 9, 2023 at 5:48 pm
Biden has kind of sucked, but that’s average.
Lib, your missing some points , Highest inflation in over 20 years. Inflation will probably be over 20% ( 5.9 plus 8.7 is 14.6% , 20% should be easy for Biden). Single handily destroying SS. Then he blames the Republicans…you can’t make this stuff up!
Biden took money from China and Ukraine ,and hid it so well…with help from the DOJ and FBI. Biden is selling our country down the river for his own gain, just plain pathetic. Our countries security is at risk. My father quit school and fought for this country @ 18, Biden is not a patriot, he is in it for his own personal gain.
Biden took privileged secret documents, hid them in his garage where Hunter’s secretary(Chinese) had absolute access to them. China has that information, anybody who thinks they don’t is just plain stupid and in LA LA land.
Biden has allowed extremists, drug dealers and cartel members free access to our country via the border. Why would he worry he has agents protecting his butt and his property has a fence all around the perimeter.
I always felt Jimmy Carter was the worst president in my lifetime, but he had integrity, Joe Biden has no integrity and not unlike Pelosi and Feinstein, they aren’t worried about anything but their own personal gain. Biden sucks but will probably be re-elected because people dislike Trump so much. I cannot blame them, but common sense shows Biden is awful, senile and a crook worse than Nixon.
How anybody thinks Biden is OK is beyond my comprehension and common sense. Thirty three percent approval rating says it all, as Democrats want to take away my gas stove and heat. You just can’t make this stuff up, it is no longer about the people. Sad truth.
Jim,
There’s a lot of truth there. He’s about as untrustworthy as any establishment Dem or Republican. But Trump’s strategies and certainly his manner was scary. The problem with comparing Biden and Trump is that Biden actually makes an effort to cover his shit up. Trump really felt he was above the law. Especially, election laws,
As for inflation?
That one is non-partisan.
“Biden took money from China and Ukraine ,and hid it so well…with help from the DOJ and FBI.”
I see the train from Crazy Town has pulled into the station.
Unfortunately that train is parked at the intersection, just blocking traffic because it can.