From Markets Insider:
The number of first-time homebuyers is plummeting. Why that’s bad news for the US economy.
Economists are always watching the housing market as a barometer for the health of the broader economy, and some see trouble ahead if first-time buyers can’t start climbing the real estate ladder.
The brutal US housing market has been particularly tough for younger people who typically make up a large portion of first-time buyers. Prices soared during the pandemic, and never came back down in most parts of the country. Mortgage rates, meanwhile, are the highest they’ve been in over 20 years.
A chart from Torsten Slok, chief economist of Apollo Global Management, showed in June that the number of first-time home buyers has fallen from 50% in 2010 to just 24% in 2024.
…
The housing market is often seen as a bellwether for the economy. When it’s struggling, it can create ripple effects that negatively impact other areas.
“First-time buyers usually kick off the whole chain, and without them, it’s harder for current homeowners to move up or down,” Taylor Kovar, CEO of 11 Financial, told BI.
“That means fewer listings, slower construction, and less money moving through industries tied to homeownership like appliances, insurance, remodeling—you name it.”
These factors could impact the broader economy in the near-term. As Kovac noted, “Housing has always been a major engine in the economy, so when a whole generation steps back, that’s going to create some drag.”
🚨#BREAKING:
The Wall Street Journal has released its exclusive bombshell report revealing that friends compiled a book of bawdy letters for Jeffrey Epstein’s 50th birthday including one sent by Donald Trump, a claim that President Donald Trump denies
The current administration has zero interest in solving this problem.
Boomer is then all hysterical that NYC elects a socialist mayor.
“The brutal US housing market has been particularly tough for younger people who typically make up a large portion of first-time buyers. Prices soared during the pandemic, and never came back down in most parts of the country. Mortgage rates, meanwhile, are the highest they’ve been in over 20 years.“
Frist
First time buyers: Brutal. No other way to say it. A crap split for 800K? It’s unsustainable.
https://www.statista.com/statistics/226144/us-existing-home-sales/
Sad Trump is denying the letter, clearly he is having memory issues.
Easier to call it a lie than admit he doesn’t remember it. That’s a common behavioral trait of Alzheimer’s.
Same thing two days ago, completely forgot he was the one who appointed Powell. Publicly praised him in a ceremony.
How does someone forget that?
Shame, you think we’d learn to stop electing geriatrics on their death bed after Biden.
Someone facing the end of their life isn’t going to make good decisions. Putin being a great case in point.
When the attention whore does not want attention, everyone pays attention.
“May every day be a wonderful secret”
Is a lot more juicy than
“I did not have sex with that woman”.
Amerika did not let a grown white woman’s abuse go by. Will she bs ok with the rape of multiple kids?
Probably starting to see the impact of all the microclots from his health condition starting to cause obvious cognitive decline.
I have a good friend in Colbert, GA which is about an hour from Atlanta.
She told me this story where her town had initially invited Stephen Colbert for their July 4th parade. You know some publicity for this shanty town was not a bad idea they thought. Then the MAGA, who dominate the town, started a huge protest and had their mayor withdraw the invitation. I chuckled at that.
But cancelling him because be was shedding light on the paramount bribe is as no laughing matter. When will the media grow some balls?
Colbert: An epic d0uchebag with no ratings. Kimmel is next. They’re being cancelled because we already have CNN and MSNBC. Watch some Johnny Carson reruns for a lesson in comedy and even Letterman in his earlier days.
I have a good friend in Colbert, GA…
A town dominated by Trump supporters who wanted to bring Colbert to their enclave.
I understand there’s a major push to bring satan to the Vatican.
7:01 , shows your lack of American values. What happened to – “I disapprove of what you say, but I will defend to the death your right to say it.”?
Shame on you Gary.
Except his ratings were number 1 for the time slot..
Fast Eddie,
I agree that the late night hosts today are just not funny. Watching a few clips of Johnny Carson on YouTube makes you realize how things have devolved. The hosts are not only not funny, they have become totally political.
Free passage for US warships through the Panama Canal
30-year war ended between Congo and Rwanda
Canada to spend $1B to finally secure their side of the border
Unfunny TDS-infected leftist Steve Colbert off to the scrap heap
Slanderous ABC and dishonest CBS paying for the Trump library
I voted for that!!!
Except his ratings were number 1 for the time slot..
And yet, they’re not replacing him or carrying on with the show.
Chad,
Counter Americanism is one of the fastest growing mental health issues facing the nation.
Probably more to the story about Colbert being canned. Maybe he is under investigation for mortgage fraud? 🤷
7:30 – you vited for rape of underage girls.
If the argument is about a company making a business decision about cutting a low performing product from it’s catalog, that’s cool, but I don’t think that really warrants the level of public discourse that this is generating. Politicians strong arming the media because they don’t like what the media is saying, is steps away from becoming North Korea.
Grim,
But isn’t that what the Biden administration did with social media during Covid? Suppressed stories that they didn’t want? Could also be said of the suppression of the Hunter Biden laptop stories, or the stories that President Biden had dementia.
Trump Tells Bondi to Seek Release of Epstein Grand Jury Testimony.
The attorney general plans to ask a court to release the papers. But even if the request succeeds, it would fall far short of critics’ demands to release all investigative materials.
Covid was a public health issue moron! And Public Health works only if everyone is onboard – similar to how insurance works.
But I know you are just trying to distract from the main point. Deflection!
Stop giving Trump a pass for wanting to be Kim Jung Un
Trump’s lawsuit against the WSJ is going to backfire for two main reasons:
1. Discovery is going to be brutal for Trump. All of this stuff will come out and that only hurts him.
2. Trump is claiming that the letter is fake but the WSJ will probably just publish it.
8:11 the fact that you would even defend the rape of girls and suppression of freedom of speech says a lot about you.
I’m sure that Epstein and Trump had a great time during the candidate selection for Miss Universe and Miss USA all through the 90s. They especially had fun at Miss Teen USA (wasn’t this disclosed in testimony at the trial?).
Raleigh, Birmingham, Baltimore, Austin, and Milwaukee, top 5 cities for college grads to land jobs.
RentLord,
Don’t twist your panties in a knot! You will hurt yourself. What if the Public Health issue being spouted off about is a lie? Can‘t there be reasonable discord and discussion without lies being thrown about as the truth?
I‘m an Independent and the only government policies I‘m really interested in are tax policies. Whether a politician is Biden, Trump, or some Socialist I don’t care for lying and lawfare.
VSG: What did the last administration do to solve this problem, and what could they do, and what can this administration do? The Fed kept rates too low for too long. That is a big reason for the current situation with housing.
Politicians strong arming the media because they don’t like what the media is saying, is steps away from becoming North Korea.
The democrats have been doing it for years. Twitter, Facebook/Instagram, YouTube/Google and the legacy media have been or were at one time, ordered to squash anything counter to progressive and democrat initiatives.
“Meta CEO Mark Zuckerberg told the House Judiciary Committee that his company’s moderators faced significant pressure from the federal government to censor content on Facebook and Instagram—and that he regretted caving to it. In a letter to Rep. Jim Jordan (R–Ohio), the committee’s chairman, Zuckerberg explained that the pressure also applied to “humor and satire” and that in the future, Meta would not blindly obey the bureaucrats.
“I believe the government pressure was wrong, and I regret that we were not more outspoken about it,” wrote Zuckerberg. “We’re ready to pushback if something like this happens again.”
…you vited for rape of underage girls.
I vited an hard aple once and it hurted my toofs.
Freedom of speech is not a democrats vs republicans issue. Stop politicizing it just to wack off.
9:31 – I was waiting for the pedo protectionist to surface. Didn’t take long.
Dem Lamonica McIver arrested for assaulting government officials
Dem Alex Padilla arrested for threatening a government official
Jim Comey under criminal investigation
Commie John Brennan under criminal investigation
Cali weed farm busted for employing illegal alien minors
I voted for that!!!
Who used the pen? Why is O’Biden’s inner circle pleading the 5th when asked about it and his dementia? It’s just noise, right?
Smallman – You voted for spreading underage girls’ legs and grabbing them by the pussy. And you are proud of it.
Hey, remember when women were going to die when the high court handed the ab0rtion decisions back to the states? Is that still a thing? Is it still damage-worthy to use on the other side?
Chad Powers says:
July 18, 2025 at 9:20 am
RentLord,
Whether a politician is Biden, Trump, or some Socialist I don’t care for lying and lawfare.
Yeah, good luck with that. It’s what they do best. Oh, and the Turd running Germany is in bed with America also.
These two are getting hammered everywhere. Reg news media, Reddit, Twitter, Facebook, LinkedIn.
America is done with liars and cheaters. No wonder they want to get to the bottom of this “Trump” stuff.
The billion-dollar tech firm CEO seen cozying up to a female colleague at a Coldplay concert gushed about the ‘perfect’ new hire in a press release – before astonishing kiss cam footage saw them huddling up in a viral TikTok.
White Trash Eddie says:
July 18, 2025 at 9:31 am
…you vited for rape of underage girls.
I vited an hard aple once and it hurted my toofs.
I wonder if this is how you talk when you go to NASCAR races.
If so, I see a Reddit Public Freakout where your face gets demolished in your future.
Sorry, poor people can’t afford dental care. That is pathetic in a country this size.
Coldplay’s response to the Cheating Turd’s apology:
“Starting with our next show, we’re introducing camera-free audience sections for people and their sidepieces.”
Probably fake, but funny as hell.
Speaking of concerts.
Line up some extra ambulances, there is a great geriatric night ahead at the Rod Stewart show at PNC.
Here is his AMA performance in May, not bad for 80 years old.
https://www.youtube.com/watch?v=17baDyHTMEs
Everyone on this board swears they are not political, and rails on about how everything has devolved into politics. Yet, the conversations on here never steer away from politics for more than a few exchanges. This is primarily a New Jersey & World politics report.
Only because the two parties are at the edges of the spectrum.
Boomer – Don’t confuse lack of bias because some haven’t pledged allegiance to one political party or the other with “non-political”.
Much of the criticism here for example, is the lockstep adherence the democrats or republicans any policy or issue being discussed.
Dark Phoenix,
Friedrich Merz is in a very weakened position as Chancellor. He is very unpopular and not trusted by the public. His dealing with the AfD and agreement to reform Germany‘s debt brake have done him in. Many voters feel betrayed by the man. Overall not a good situation for the EU due to the leadership position of Germany.
You’re specially skilled at apologizing for Maga.
Whatever the issue you always get defensive and apologetic
3b says:
July 18, 2025 at 9:20 am
VSG: What did the last administration do to solve this problem, and what could they do, and what can this administration do? The Fed kept rates too low for too long. That is a big reason for the current situation with housing.
Chad,
Yeah, I agree, and have been watching him and his statements.
It’s really hard finding a good politician in any country anymore.
It used to be corruption is on the down low.
Now they are lying right to your face and saying “whatcha gonna do about it?”
Chad,
The cheap Russian gas is what kept Germany afloat. This is how far back this goes. A real reason America wanted to take control of Ukraine away from Russia.
Soviet plans to build the pipeline were strongly opposed by the US-administration of Ronald Reagan.[17][18][19] Americans were afraid that Western Europe would become dependent on the Soviet gas supplies, giving leverage to the Soviet Union. They also feared the Kremlin would use the export revenue for military purposes.[20] In December 1981, the US implemented sanctions preventing American companies from exporting oil and gas technologies to the Soviet Union. In June 1982, these sanctions were expanded to cover subsidiaries of US companies in Europe.[20]
Washington’s Western European allies, however, refused to boycott the pipeline.[21][22] The foreign ministers of the European Economic Community called extension of the American sanctions illegal and sent a formal note of protest.[20] From the European perspective, participation in the pipeline project was seen as an opportunity for the depressed steel and engineering industry in Europe and as a way to diversify from the OPEC oil supplies.[20] Western European governments insisted that contracts already signed between the Soviets and European companies needed to be honored. This led to several European companies being sanctioned by the US.[23][24] Reagan reportedly said: “Well, they can have their damned pipeline. But not with American equipment and not with American technology.”[25] The efforts by the US to prevent the construction of the pipeline, and its export embargo of supplies needed to build it (1980–84), constituted one of the most severe transatlantic crises of the Cold War.
America is always trying to control everyone. They didn’t want Europe to execl using the gas, and they wanted to destroy Russia.
When the Europeans resisted, the plan changed to hey, lets put our own government in Ukraine. That’ll do it.
Why was Biden’s son working for a Ukrainian gas company? Nobody investigating that?
MAGA
As grocery prices continue to climb and 7 million Americans face losing federal food assistance, more cities and states across the country — in Illinois, Georgia and Wisconsin — are experimenting with the concept of publicly supported grocery stores as a way to help provide for low-income neighborhoods.
The response from ChatGPT when asking it how to buy food when you are broke is quite telling.
In a few years you won’t see any more squirrels running around in Jersey.
BREAKING NEWS!
POLITICS
FBI agents were told to ‘flag’ any Epstein records that mentioned Trump, Sen. Durbin says
PUBLISHED FRI, JUL 18 202512:57 PM EDTUPDATED 24 MIN AGO
Dan Mangan
FBI agents assigned to review files in the criminal case against Jeffrey Epstein were instructed to “flag” any documents that mentioned President Donald Trump, Sen. Richard Durbin said.
Durbin asked the Justice Department and FBI to explain what his office called “apparent discrepancies” regarding handling of the Epstein files and findings from a Justice Department memo.
Colbert was never as funny or affable as Craig Ferguson.
https://www.youtube.com/watch?v=HTqd7pyqshQ
I wonder if this is how you talk when you go to NASCAR races.
If so, I see a Reddit Public Freakout where your face gets demolished in your future.
I power down the window in my ‘S’ Class and make fun of them as I’m riding away. I make sure they’re far enough away so they can’t catch the car. I assume it’s hard to do when you’re barefoot but I don’t take chances. Sometimes I’ll throw dollar bills out the window and watch them fight over the money.
Meanwhile in England more people than ever are on the government dole
https://www.yahoo.com/news/reform-welfare-become-failed-state-121735340.html
Here’s where I am with the shed project.
https://postimg.cc/p5Pr1CW7
Materials to date about $2100.
Let me provide some unsolicited advice:
Don’t defend him.
You know and we know.
Step away.
-Scaramucci
not sure why the link says israel, this is just two girls telling a story.
https://www.facebook.com/israel2l/videos/865716368793840
What would make a NJ woman do this?
https://www.youtube.com/watch?v=TglyvCuKrCM
So the Democrats now say hundreds of New York Field Office FBI personnel are in on an Epstein cover-up?
This isn’t about democrats or republicans. Its about rapenof underage girls by potus.
Rent – It’s not about politics? Then you should tell them all to be quiet.
Chi- looky here it sold…..
https://www.zillow.com/homedetails/4-Boat-Club-Ct-PENTHOUSE-3C-Red-Bank-NJ-07701/431547869_zpid/
Don’t you think the world needs to know if potus was involved in child trafficking and rape? It is about right and wrong, not politics.
White House has files on $1.5bn Epstein money trail, says senator
The Democrat Ron Wyden claims Trump’s Treasury is in possession of the findings of an investigation that contain rare insight into the sex offender’s finances
Josie Ensor, New York
Thursday July 17 2025, 10.34pm BST, The Times
A top Democrat on the Senate Finance Committee claims to have seen confidential Jeffrey Epstein files held by the Trump administration which show more than a billion dollars being wired to and from his account, to undisclosed associates.
Uhm…so the Republicans are splitting the dough?
On Friday, the Writers Guild of America called for an investigation by New York’s attorney general into whether Colbert’s cancellation is itself a bribe, “sacrificing free speech to curry favor with the Trump administration as the company looks for merger approval.”
Is there any iota of doubt that colbert was not sacrificed as part of the paramount bribe?
As predicted Orange man sues WSJ.
The real criminals are his supporters.
sacrificed?
I am surprised it took this long. Kimmel is lagging behind him in views as well but the whole linear TV thing is nearly dead.
Late shows TV these days in 1 or 2 million viewers per night tops. Back in the day Leno himself would pull 4 million viewers on a bad night and over 8 million on a good night.
People don’t watch legacy linear TV much anymore.. Revenues for these shows late night are down 50% or more since 2018.
Those are the facts jack!. ..If Cobert still wants a show he can do what they all do and create their own podcast etc like Jon Stewart or Joe Rogan did.
VSG: Not at all. You post all your inane comments on various subjects/ issues that are only now a problem because Trump is President, it would be the same were it another Republican. Yet, these were all issues when Biden was President, and you remained silent. Why are they only issues because Trump is President?
Juice: Dems in hysteria that Colbert was cancelled because of Trump, if he was removed from the show, I could understand how they would it view it that way, but the show itself was cancelled , so no reason for the hysteria. Legacy TV as we know is also dying, and streaming is killing it. For those nightowls and others who work late shifts and need to unwind before bed, they have a multitude of streaming options, rather then watching Colbert and Kimmel etc, or Law and Order reruns. People also whatever their politics might just be tired of it all as well, and would rather stream instead, or maybe read a book.
Juice, Have you even followed the Paramount story?
This is mafia style crime. Not politics.
Great job Tulsi!!!
Looks like we’ve now got the proof that Oblama and his cronies literally attempted a coup…
Dec 8 2016 — Intelligence community is ready to let Oblama know that there was no Russian election interference, and obviously no collusion
Dec 9 2016 — Oblama tells his cronies to change the intelligence and to get the phony story to the media
Wow!!!
If you want to dig deeper into the trump – Paramount scandal, watch this podcast
https://open.spotify.com/episode/6VmgUebGwbpNKtIWIupb19?si=9xq7iF9cRxCOnUYBOed28g
RENT stuff it already. Their stock is in the toilet and paying Colbert $15 million a year like he is Johnny Carson just goes to show old TV networks are done for.
https://www.cnbc.com/quotes/PARA
So Musk wanted to keep it ethical and Altman doesn’t?
After the dramatic rise and fall of President Donald Trump’s partnership with Elon Musk, the former DOGE boss has been exiled to the sidelines and is forced to watch his nemesis, OpenAI chief executive Sam Altman, potentially take his place.
Altman and Musk had one of the most publicly brutal fallouts in the tech world when they went from partners to foes in 2018.
The two founded OpenAI together in 2015 as a non-profit to ensure the landscape of artificial intelligence remained ethical amid technological advancements.
However, due to competing AI models from Google and Amazon, OpenAI shifted to a public benefit corporation, which Musk blasted for straying from the original business model.
BTW I am paying for a Paramount subscription. Their streaming shows are far superior to anything on the TV channel.
Altman????? Lol !! It’s now the 3rd brower war.
They are all after the same pot of gold of advertising revenue. Rinse and repeat the “first browser war” and “second browser war” and now we are in the third.
Still waiting for the wiki to update.
https://en.wikipedia.org/wiki/Browser_wars
Why do I get the sense there is a soft low montone voice in there that says “I’m sorry Dave, I’m afraid I can’t do that”
Juice Box says:
July 18, 2025 at 5:04 pm
Chi- looky here it sold…..
https://www.zillow.com/homedetails/4-Boat-Club-Ct-PENTHOUSE-3C-Red-Bank-NJ-07701/431547869_zpid/
Isn’t Red Bank in that Cancer Cluster area of NJ? Has that been cleared or has the whole state become a cancer cluster with all of the building and pollutants everywhere?
Phoenix – skin, mouth, throat, larynx, esophagus, liver, breast, and colorectal regions.
All the common stuff. Cluster where?
JB,
I ran it. It was another two word town, Toms River.
Not sure if anything came of that.
So now it’s 1,000 FBI personnel sifted through epstein documents and blocked metion of Trump or really anyone else.
For Chad
The boss of insurer Allianz has warned that Germany risks becoming the “sick man of Europe” and predicted its social security system could collapse within a decade unless the government cuts spending.
At Allianz’s annual media briefing on Wednesday, Oliver Bäte said: “We’re back to where we were in 1997 . . . when Germany was called the sick man of Europe.” He added that while unemployment remained well below the 5mn mark of the time, the country faces mounting risks mainly from unsustainable growth in healthcare and welfare costs.
“My prediction is that in 10 years, our social security system will be on its knees,” he said, adding that Germany “cannot afford” for GDP to be static while healthcare spending grows “by 6, 7 or 8 per cent a year”.
“Mathematically, you don’t need to be a genius” to see where that leads, he added.
It may be true, but to post “Is there any iota of doubt” is just histrionics. It makes you sound like an idiot.
RentL0rd says:
July 18, 2025 at 5:56 pm
Is there any iota of doubt that colbert was not sacrificed as part of the paramount bribe?
“CBS brass say they pulled the plug on “The Late Show with Stephen Colbert” because of its punishing losses — pegged between $40 million and $50 million a year — and claim politics had nothing to do with it.”
“The ad data firm Guideline estimates that CBS’s late-night shows together drew $220 million in ad revenue in 2024 — just half the $439 million they drew in 2018.”
The colbert deal and the Paramount bribe go hand in hand. Not an iota of doubt here. Is that better?
Leno in an interview said that somewhere along the way that he voluntarily took a 50% pay cut to keep his entire staff employed. I’m not sure what the argument is to keep the show running if it’s losing millions of dollars.
It will be interesting to see what happens when all the Boomers die. They have been hording property for a long time. With the Xers and others holding lots of debt, it may be tempting to sell mom’s place for whatever amount just to get the tax-free cash.