From Mortgage News Daily:
Highest Mortgage Rates Since November
It seems like just last week (because it was) we were commenting on the extreme LACK of volatility in the mortgage rate landscape. Starting last Thursday, things have changed quickly, and today was the worst of the bunch.
As is often the case, bad news for mortgage rates followed good news for the economy. Several economic reports suggested more job growth and business activity than expected. Since the Fed is looking for evidence of the opposite before it abandons plans to continue hiking rates, markets took this as an immediate comment on the likelihood of additional rate hikes.
The reaction in the bond market was so severe that mortgage rates made their biggest move in weeks, jumping even higher into the 7% range. At the same time lender rates were being published for the day, Freddie Mac released its weekly survey showing 30yr fixed rates still down at 6.81%–higher than last week, but nowhere near a reflection of the move we’ve seen since then.
Jobs Day!
Consensus is +240K and UE at 3.6%
Twitter sues Facebook for theft of intellectual property, trade secrets?
Twitter is more basic than a BBS from the early 90s, and Threads is instagram without pictures. Settle it like gentlemen … IN THE CAGE MATCH.
First non grim
30yr. fixed at 7.22%. It doesn’t matter, highest offer by the end of day.
The Dutton ranch with a 30 X 40 heated garage on 10 acres. Property taxes are ~ 5K:
https://www.trulia.com/p/pa/corsica/3335-route-949-corsica-pa-15829–2014634020
Lots of space for man toys on this one. 3 acres and taxes are ~ 3k per year. Asking 250K:
https://www.trulia.com/p/pa/sligo/2595-whitmer-rd-sligo-pa-16255–2014919533
Fast: Maybe if rates hit 10 percent it will matter.
Fast
When are you selling your NJ house, paying cash for your forever home with the proceeds and putting whatever is left into DNA?
3b,
Not here. Muffin wants what she wants and 10% rates won’t stop this freight train. Pay up, we’re special here.
Beer,
Lol. Investing in one ‘sure fire’ investment is a lock to lose it all. I’d be better off investing in wall paper that glows in the dark or no-cal pizza. I’ll stick to ETFs and mutual funds and enjoy the long, slow ride. Think of all the Savory Chex Mix I can feed to the chirping Gen Z’ers on my front lawn! In fact, I think I’ll make the tikes wear beanies with little propellers as they chirp away. Hmmm….
Rates will be 8% soon since the economy is not slowing down. When they drop back down to 7%, there will be even more buyers entering the arena aka more offers / higher home prices. If rates ever get back down to sub 5, a cape cod in the worst town will be going for $1MM. No way out of this game!
+209 on jobs
209k jobs number, 240k expected.
HMB
A good show. It’s not really my thing, but it was fun.
A chuckle when I pulled in to park. 40’s something black woman at the ticket booth looks at me, then looks in the car, says you are a “great dad.” She knew. I will love that one forever. Next–
I came really close to going viral on TikTok, and not in a good way. Me vs 4 teeny boppers maybe in their early 20’s. Vocal, bossy little things.
Over a seating issue. I responded back to their demand in a way they didn’t approve of.
The women behind them started chirping only. They threw cups of estrogen at me. I held my ground, I have been down this road, all went well.
Kid was really happy. It appears they broke some sort of record- only girl group to ever sell out a stadium or something.
Stage itself sucked. Screen in the background had an opening in the middle I won’t mention what it reminded me of- but the stupidity of it was it became like a notch on the top of an Iphone-it interfered with the view the entire time.
I know it’s a concert-lots of bass, lots of highs, no midrange. I really wish the engineers who set these things up would concentrate more on quality vs loudness. I guess I am old.
They had a real band playing. That was a plus. The cam fan series towards the end, that was creative and good for a laugh.
The women behind them started chirping loudly.
Correction.
Eddie,
I could have used some of your Chex Mix last night.
Why weren’t you at the concession stand?
Couple of months ago my younger son started looking for a summer job, fast food, movies, ice-cream shops. 1st interview he was hired and started working the next day. Issue was they had him working to many ours during the school week so he had to quit. A few weeks ago he started looking again, went on roughly 10 interviews and was only offered 1 job. There was a shift in hiring in this small little area.
LW
As per your convo yesterday.
I will deal with it. I’m not reinventing the wheel at my age, I have no desire to be management as I would just fire 30 percent of the muppets we have and corporate would fire me cause they just need bodies with pulses and licenses to do things.
Plus I like what I do. When I am working with the elite it’s like winning the SuperBowl
It’s a blast. As Hannibal Smith says, ” I love it when a plan comes together.”
It’s only when you get duds to work with that it sucks-those that are more interested in socializing vs actually accomplishing something.
Trick,
My kid started out strong in swimming. Learned out by you at the Chester pool.
Not sure what your kid can do, but I remember one story from a doc who said lifeguarding is the best job he ever had. Had tons of stories to tell.
If it’s an option…
DNA!! Bio security is just another future revenue stream for this sleeping giant. CEO commented on this article on twitter:
“Widespread viral monitoring with DNA sequencing (i.e. “radar stations” for infectious disease) will make it hard to do this sort of thing covertly. Thus helping with deterrence.
We should build that defense layer alongside rapid vax dev/manufacturing.”
https://www.wsj.com/articles/world-war-iii-virus-vaccine-biological-weapon-russia-ukraine-china-covid-cybersecurity-hack-162a8b08
Phoenix. We had a membership when the kids were young, older son swam on the team for one year. He didn’t like all the waiting around. I was a guard for several years when I was a kid at a gym next to my HS. Not sure its for him, but thanks for the suggestion.
That’s a beautiful thing. Could lead to defense contracts for so many countries as they create and maintain bio security networks.
Forget JFK for long-term parking. They raised the rates 50% when we were on vacation. What should have been around $300 ended up being $507.50.
Long-term parking – which adds about a 20 minute ride to the terminal if you are flying out of the further terminals, is now $30 a day if you pre-book. I think it’s now $36 a day if you don’t.
Time to throw JFK off the list of viable airports.
Driving to Stewart, gets more and more attractive by the day.
Lol over $500 in parking. SMH
Keeps on happenin’
This is the bizarre moment a white woman launched a racial attack on a Latino family for having a party at a Colorado swimming pool.
Video uploaded by a member of the family to TikTok shows the woman becoming so irate that she had to be held down by a man from her own party.
The Lakewood woman, now identified as Blair Featherman, could be heard complaining about the group – while calling them ‘trash’ and saying they should ‘go back down to Denver.’
$500 parking – prestige has a price. What’s the problem? We’re special here.
How much would it cost to hire a limo both ways?
Probably about the same from NJ as parking, but less for NYC people.
I wouldn’t try Uber because they like to last-minute cancel/decline long distance drives.
Fast Eddie says:
July 7, 2023 at 9:25 am
$500 parking – prestige has a price. What’s the problem? We’re special here.
You are.
Phoenix: Blair Featherman? With a name like that she would have gotten her butt kicked in my old neighborhood growing up.
Good morning. When inflation took off in 2021 in the U.S., so did corporate profits, leading to accusations of “greedflation” and calls in some corners for price controls. This year, Europe is going through the same debate amid soaring food prices.
Judging by recent developments, inflation driven by corporations flexing their power to jack up prices more than costs—greedflation, as some called it—is on its way out. Pretax margins, which widened sharply in 2021 and 2022, were roughly back to prepandemic levels in the first quarter of 2023, according to revised government data released last week. Margins in six of the S&P 500’s 11 sectors were lower in the second quarter than four years earlier, according to FactSet.
Narrowing profit margins, though, doesn’t necessarily mean an end to inflation. Wages are now growing faster than prices. While that doesn’t provoke the same outrage as soaring profits, it’s just as problematic for getting inflation down.
What It Would Take to Bring the Job Market Into Balance
https://www.wsj.com/articles/what-it-would-take-to-bring-the-job-market-into-balance-28da606a
Sharks wanted to eat out at a more “upscale” restaurant:
Swimmers beware! Terrifying drone footage captures a shiver of FIFTY sharks off the Hamptons after five bathers were attacked in two days.
BRT — Did you happen to go the Titan missile museum based off of my raving about it here a year or two ago?
The Beach House (501 E Camelback Rd, Phoenix, AZ 85012) is a really good roadside taco joint.
I also recommend eating at the El Tovar Dining Room in Grand Canyon village.
3b
Blair is done. Cooked like a goose. Attacking the camera is the point when she knows she is done like a pop-up thermometer.
She enjoyed her bad behavior, then complained being filmed.
“Wages are now growing faster than prices”
Where? You seriously make this stuff up.
BRT,
If there is anything you need to know about Vegas, let me know. If you have the time, check out Zion NP.
Platonic on Apple +
Movie about monkey branching.
Series, not movie.
Enjoy unemployment Princess, cameras don’t lie…
A white Philadelphia school principal who withheld the diplomas of two black students after they expressed their joy at graduating has been replaced.
Lisa Mesi has been replaced after she went viral withholding diplomas from two black students when one danced and another gestured at the crowd
“He’s part of the team that manages those eight figure fee clients; he’s client facing.”
Left, I have to laugh at this one. He is basically like a history teacher telling clients what happened in last qtr with their investments, based on historical narrative. His work becomes “work” when those arrows start pointing south and they look at losses/benchmarks/fees more closely. How many bad qtrs have there been in last 8 years? Very few. In every other area of capitalism, it would be better to have cheap labor. I sell the clients on 1/4 fees of competitors and fly in some slick CFA chartered Indians to perform client review? Seems like a win to me but I get that good old white boys club is strong with these big foundations. Image is everything. My buddy has it down pat.
I am so, so on Zion NP. Yes, it’s grand, but that scale also makes it tough to “interact” with the same way as you would with a more accessible park. Bryce Canyon just up the road is smaller, also visually interesting, but it is much easier to play in. You walk the bowl, decide where to drop in, can take more than one trip down. For mainly vistas head to Zion NP. But to feel like you’re in it, as opposed to looking at it, Bryce Canyon NP gets my hat tip.
And since I can’t stand the casino scene, there’s also the drive through Red Rock Canyon in Vegas, preferably around sunset.
Phoenix, Left
Those people should be doing more than just reviewing the data in the results, they should be capable of conveying the gist of the PMs though processes, outlooks, etc. Essentially they are standing in for the PMs. Clients want the PMs themselves, but that’s a huge opportunity cost and distraction. Cheaping out on a client contact is penny wise, pound foolish, and it would honestly be better to just send a written report that PM’s approved than to send a dummy who could screw up perceptions, or make stuff up, or just seem uninformed. Send a bad enough client facing person out to the clients and they will fire the firm just to get him/her out of their sight.
I wish we had more/better ones so I wouldn’t get booked into so many meetings myself. The cost of booking me into a client meeting is indeterminable, nobody knows exactly the cost of distracting PMs from their investment decision making, or the cost of letting clients influence their thinking. Meeting with a good client representative or good PM meeting probably should help with client retention, building up goodwill that helps cover performance rough patches.
Anyway, anyone who does their job well deserves moral credit, not everybody is just some privileged member of “the white male club” who can easily be outsourced to India or ChatGPT.
There is a very cool 10 minute hike up a hill protruding from the desert which makes for some great Las Vegas panoramas. It’s free too. Nice park for the kid’s as well.
https://parkslocator.clarkcountynv.gov/Search/ParkDetail?parkId=62
It’s in Enterprise.
Check out the Pinball Hall of Fame too.
Boomer,
I did it last year with my young kids. Zion was bucket list and did not regret one sec. It was hot as b@lls but beyond amazing. We spent full day hiking around narrows area, wading in river and checked out waterfalls. We took a bus from Vegas for $80/person which was absolutely right call. They provided water/snacks. That is a long ride for a day trip. Cost less than renting car for a few days. I agree with your sentiment. You are escorted in/out of park and it is very crowded. You have to plan multiple days around Zion to get full experience. We just could not do it. I would like to Arches and Bryce is future. This year is CO. We are doing Great Sand Dunes, Mesa Verde and maybe Rocky Mountain National Park.
My next-door neighbor has several showings today. We shall see if there’s an offer by the end of day.
My next-door neighbor has several showings today. We shall see if there’s an offer by the end of day.
They’re mulling offers as we write. They’ll contact the winner by this evening… out of attorney review within 10 days. Buyers will agree to anything.
Things are still nuts around here too. House listed at 850 just went for 1.3M.
I recall this madness from 2007.
Thanks for the input Bystander. Yes, I am not a fan of organized trips to my core. I feel it takes away from the spirit of it all when you share a row with fat Mary from NJ. I am also well aware that my disdain for this format has probably caused me to not see more than one place of the years.
Bryce is specifically good for families. Sit on a bench overlooking the bowl eat a snack, pop in for a bit, come out, walk over to a cabin or hotel that literally right there (the Lodge at Bryce Canyon), bike around the otherwise flat park area in the afternoon, pop back into the bowl for a mule ride in the evening.
I’ve not done a lot in CO aside from skiing. Have fun in CO!
“I came really close to going viral on TikTok, and not in a good way…Over a seating issue. I responded back to their demand in a way they didn’t approve of.”
LOL, details on this, can’t leave us hanging!
“Stage itself sucked. Screen in the background had an opening in the middle I won’t mention what it reminded me of…”
Something like this [possibly NSFW]?
https://imgur.com/a/ruRlOrr
Lib: It’s different this time.
No One, thanks. Was going to respond to Bystander but you nailed it.
One of the dumber moves around, outsource a client facing $250k job overseas to save $175k given the fees involved.
House listed at 850 just went for 1.3M.
Any questions?
Dutton Ranch. I’m still chewing on the one…,
Left: This country does dumb things export almost all of our manufacturing base to China, which was an impoverished country, who then became an economic and military power , who is a direct threat to our country, and then acted surprised.
Of course we have Janet Yellen over there now, talking about how we want to be friends and compete on level playing field, and a bunch of other nonsense. I bet Chinese government officials are laughing at her.
Dutton Ranch. I’m still chewing on the one…,
Beth Dutton comes with the sale of the house. :)
Fast: It will be worth 2 million by year end.
Bystander, Leftwing no one:
I deal with those types. I think because of my background, I get more of the institutional wholesalers than the retail ones, even though my book doesn’t justify that kind of coverage. My brother also is a wholesaler out of SF.
The role is critical, but thankless. It takes a certain type, but if the person is an idiot, it is lethal. If Bystander’s friend is skilled, don’t deride the compensation. Same thing if the guy was dumb, but was a scratch golfer and really elevated the client’s experience.
Don’t chastise the client’s preferences. It’s their choice.
Yet I interviewed at least 3 candidates in Pune last year for a lowly IT Agile lead role who passed the CFA in their free time while in the US. My buddy failed it three times. Thinking that the quality of client support would go down, that is interesting take. It seems like not ready for cultural shift bc PMs are fat and happy, patting themselves on the back. It may come someday and nothing posted shows me any argument to that face. Multiply the savings time every client account manager btw
1:38 delicious. She might just let you live.
And I’ve seen a bunch of people who passed the CFA who are terrible in front of clients.
The overlap between those who are good at investing and those who can present to clients or speak publicly well is far from 100%. (And I’ve also seen plenty of people who pass the CFA exams (or get top 20 MBAs) without being good investors.)
Maybe your buddy really is an idiot. However much money he’s making as an idiot, he’d do better in the field if he wasn’t an idiot.
I’ve done plenty of trips to clients accompanied by sales or client service people, and if they are f-ups, things change. The best of them are really good at what they do, I couldn’t do their jobs, but neither could they do mine. For the most part, we (investment team vs client-facing team) have different but complementary skills.
There are lots of people who add heaps of alphabet credentials to their resumes, above a certain number I’ve found it to be a negative indicator of practical skill, for whatever reason, especially when they collect certifications relating to work they’ve never actually done or tried to do. They’d be better off showing me a real-life investment analysis report they did on their own initiative.
Boomer, yes and my wife brought it up and and it was a done deal. Lib, we are doing the pinball. We are getting all the hiking in at Phoenix and Grand Canyon. Thanks for the recommendations guys. Maybe I’ll check out the taco joint on the way out
Have fun. The young ones are usually blown away by the old mechanical games, like baseball and basketball, where you actually swing and shoot with knobs and buttons. The ingenuity displayed in the absence of the integrated circuit was sheer brilliance. Plus it helps that nothing costs more than a quarter. You could spend the entire day there playing for $10.
Phoenix
Glad you had fun. Twice puts on a fun show .
Yes, they have a similar thing going on at Silverball pinball museum in Asbury. Baseball from the 50s and 60s rocked
If you are into arcade and pinball, Cobra Arcade Bar is a good time. Strong cheap drinks being slung as you whoop kids in old school arcade and pinball.
Zion is like Disney. No desire to ever go back. Too crowded.
This is an apt analogy.
Gary, Nutley didn’t get the memo about over bidding…
https://tinyurl.com/3n8a94hu
The Nutley house that raised a multimillion-dollar cooking and housekeeping empire was sold on Wednesday for $587,000, under the listed asking price of $599,000.
https://patch.com/new-jersey/wayne/s/iq2ay/feds-pledge-7-billion-for-gateway-train-tunnel-between-nj-ny?utm_source=alert-breakingnews&utm_medium=email&utm_campaign=alert
“Don’t chastise the client’s preferences. It’s their choice.”
Agree. I’m defending the client coverage guy that Bystander is banging on.
Again, No One nails it at 2:50p…It’s informative that ByS’s Pune friends who easily attained CFAs are back at IT…client management is a soft skill, not measured by letters or degrees. I’ve never had a client – ever – ask me or my team their degree, certs, or school.
I have seen and participated in knock down drag outs in the 40th floor corner office over client coverage…because the guy that, for example, ECM staffed on a deal was an idiot (and this is a guy already on the inside with an top degree and pulling seven figures)…or that there is just a radical mismatch between the guy and the client….a smooth talking, impeccably put together third generation Greenwich big picture guy staffed on an egghead, data driven, Horatio Alger entrepreneur…or vice versa.
In my world, what college you attended matters not after you are hired. In a talent shortage, which is where we are now, it barely matters at all.
BTW, my kid’s final tally on scholarship attainment was a cool $12,700 and a new Lenovo laptop/tablet. Not bad. Not bad at all.
And UF gave him 33 credits for his AP test results.
Top 5 public university in academics. The second cheapest public state univeristy in the country and we are paying in-state tuition. Heck, even the room and board are cheap, but extremely cheap if you live off campus (which he will to avoid moving all his shit into storage during breaks). He just has to find the right roommates. Everything is coming up roses lately.
Parent’s, don’t fall into the trap where you waste 300K for a transparent sticker in your rear windshield to keep up with the Jones’. And you can still get through college, paying for it yourself, with minimum or no debt. But it’s not easy.
Wife went to University of Arizona. Great education and was very affordable. There’s something to be said for being free from student loans before your mid twenties.
The End Is Nigh (Captain Cheapo Edition):
PALM SPRINGS—Brian Christopher lost $300,000 gambling on slot machines in casinos last year. Hundreds of thousands of people cheered him on, from the comfort of their own homes.
You play, I’ll watch
Several times a week, Christopher takes a seat at the slots and livestreams his play on YouTube and Facebook. With a phone pointed at the animated screen in front of him, he pushes buttons to a soundtrack of chimes, bells and cheery tunes.
“Line it up, buttercup,” he’ll often say as he tests his luck.
A new class of niche celebrities have turned the once-solitary experience of gambling at casino slot machines into a spectator sport with millions of viewers and fan camaraderie. Using monopods or videographers to film the action, the players spend hours talking audiences through the highs and lows of jackpots and losses.
“It’s fun to watch somebody else play with their money while you’re sitting on your couch drinking a beer,” said Wayne Deck, a 60-year-old in Fairfax, Va., who watches Christopher online and visits casinos in-real-life.
Sue Leahy tunes into Christopher’s broadcasts from her home in Latitude Margaritaville, a Jimmy Buffett-themed retirement village in Daytona Beach, Fla. Leahy said she grew tired of losing during her own play, so she started copying Christopher. She noted the kinds of machines he used, and how much he bet, and has hunted them down during her casino visits. “Ever since then, I’ve been winning,” Leahy said, while noting that no one wins all the time.
Slot-machine aficionado Brian Christopher with fan Sue Leahy. PHOTO: SUE LEAHY
Some who livestream their play are high-rollers who bet $100 or $300 per spin. Others provide practical tips on how to avoid overspending during gambling and remind viewers that the house always wins.
Pat Cudd, a retired English teacher in Gruver, Texas, started playing slots in the early 1990s, and she and two of her sisters have traveled to the Gulf Coast and Las Vegas to enjoy the hobby together.
At home, in the town of about 1,100 people, she soaks up online slots as a bystander. “Some people like to buy scratch-offs at their local 7-Eleven. I’d rather watch them play slots on YouTube,” she said.
Nongamblers, and some who have given up the pastime, also are among Christopher’s audience of 612,000 YouTube subscribers and 707,000 Facebook followers. “They get their fix by watching someone else play,” he said.
Brian Christopher filming with Executive Assistant Raymond Alvarado and Videographer Apurva Raj. PHOTO: HILLARY MCAFEE/BC VENTURES
Christopher has built his particular brand of stardom into a full-time business with 10 employees—including his husband and Senior Vice President of Operations Marco Bianchi—who pack merchandise, such as T-shirts and shot glasses, manage social-media interactions and help secure enough deals and partnerships to fund the enterprise. Christopher declined to provide his total revenue, but said he makes enough to turn a profit after paying his staff and the $300,000 in gambling losses.
He offers cruise trips through a partnership with Carnival cruise lines, with as many as 650 fans joining him at sea each trip, and gambling together in the onboard casinos. Next year, he has eight cruises with fans lined up that depart from the Texas Gulf Coast, Miami, Los Angeles and Sydney, Australia.
Casinos long banned patrons from filming to avoid distractions and to protect the privacy of other customers. They have warmed to the idea in recent years, influencers say, and often give special permission for filming, or make promotional deals with the social-media stars.
An assistant and a videographer help Christopher film and produce videos, and he posts daily edited snippets in addition to going live three days a week. Some days, he plays online games from his desk in Palm Springs.
The key is to always include the audience at home, he said. When he first started posting videos, Christopher heard from viewers that they didn’t want to hear him curse. Now, when he loses a spin, he declares “how rude.” (His official fan club has 4,000 members who call themselves the “Rudies.”)
“Make them feel like they’re sitting there beside you,” he said. “It’s not, ‘I won a jackpot.’ It’s, ‘we just won a jackpot.’”
Some celebrity slots players disclose their losses as a badge of honor—a signal they’re being honest about the odds. Francine Maric, a full-time high-roller known as Lady Luck HQ, posts her win-loss statements from casinos. She said she lost $320,000 last year, but still made a profit thanks to advertising revenue and sponsorships.
Francine Maric, known as Lady Luck HQ online, posts her win-loss statements. PHOTO: FRANCINE MARIC
“Some people like to golf,” Maric said. “Some people like to watch sports. Some people like to collect things. I like to gamble.”
Maric, who lives in the Atlanta area, travels with her husband to casinos once or twice a month to record her playing. Back home, she edits the footage into videos she gradually releases over the following few months.
She remembers organizing her first meet-and-greet with fans at the Blue Chip casino in Michigan City, Ind., on a frigid January day. She said she was shocked when 300 people showed up to take photos with her. Fans have brought her good-luck gifts such as a wooden elephant and an angel to keep bad spirits away.
Heather Deurr, who lives in West Virginia, said watching her favorite slot players online is relaxing, like turning on reruns of a favorite TV show. While she enjoys tuning in, though, she dismisses the idea that there is any strategy to be learned.
“Sometimes you could sit down on a machine and have really good luck, and go back the next time and sit down and not win a dime,” Deurr said.
A view of Harvard, comments good as well:
https://www.tiktok.com/@firebase/video/7221285322838134021?is_from_webapp=1&sender_device=pc
Real Estate tutorial:
https://www.tiktok.com/@fmsmith319/video/7253063689375321386?is_from_webapp=1&sender_device=pc
No logic. Boomer owns house in disaster area, refuses to move, forces government to protect the old goats. My taxpayer dollars. Boomer sells house for massive profit, bank doesn’t care that house is in disaster area. Rich young kid buys it, thinking his and his wife are “invincible.” Gets bailed out by my tax dollars as well.
But Smith Islanders rejected leaving, instead organizing to get tens of millions in government funding for infrastructure upgrades and fortifications against the waves. And in recent years, something improbable has trailed in its wake: a real estate boom.
More homes have sold on Smith Island in the last three years than in the previous 11 combined, according to sales data. Locals see a story of hope. Their efforts to rescue a 400-year-old way of life tied to tide and season are beginning to bear fruit. Many question the doomsday predictions for the island or hope they can find a way to ride out rising waters.
Environmentalists see a dangerous kind of denialism. They say Smith Island’s long-term survival is doubtful, so the only rational path is retreat. They see the recent interest in the island as part of an unsettling national trend — studies show more Americans are moving into climate danger zones.
Nick Pueschel and Tiffanie Woutila live on this knife’s edge between hope for renewal and peril from global warming. The couple in their 30s moved to Smith Island last summer, one of the group of new homeowners.
They love island life and wanted to continue it as part of a next generation in a place where the median age is 70, but disaster struck almost as soon as they arrived: A waterspout whipping across the bay slammed into their property.