From Mish:
What’s the Hidden Cost of Home Ownership, Ignored by the BLS?
Key Points
- The average annual cost of owning and maintaining a single-family home in the U.S is more than $21,000 a year, according to a new Bankrate study.
- Hawaii and California top the list of states with the highest homeownership costs (over $30,000 annually); West Virginia and Mississippi are the lowest, at less than $15,000 a year.
- East and West Coast homeowners tend to pay more in hidden costs than those in the South and Midwest.
- Home maintenance alone averages more than $8,800 a year, accounting for the largest chunk of hidden homeownership costs.
sleepyheads
First.
Who is MISH?
Is MISH to houses as Portnoy is to pizza?
We do rent out a single family house on Oahu. I can verify that Hawaii is a very expensive place to maintain real estate. Gardners and tree cutting/trimming are especially expensive. The upside is that rents are very high so you can make money.
Maintenance and taxes are the killers in our neck of the woods. As if that 500K box house in Waldwick wasn’t a big enough slap in the face. The only way to buy anything as a young couple in the NY/NJ/CT sphere is to have family support behind you. Like a one way flow control valve, price will not retreat so if you’re waiting for a reduction, ’tis ain’t happening.
The states of Illinois, California, Massachusetts, NJ and NY had the largest negative migration per 1,000 inhabitants from 2020 to 2024 with Cali being the biggest ‘winner’.
8 out of 10 southern states saw the biggest gains in population with Arizona and Idaho joining in the west.
Internet & Cable is not an incremental cost
I don’t think utility and energy is either, but it can be argued.
Bogus point to try and make the numbers more pronounced.
Ten 405
Ten hasn’t been very exciting
Fast: Don’t be too sure about no price reductions in the future.
Chi -That internet cable price actually looks a little low. Probably closer to ,,$3000 annually. I Just cut the cord last week so I’ve been running some rg6 cable to the attic antenna and into 3 tvs. So far picture looks amazing. I don’t have a next Gen tuner TV so I’m just getting regular hdtv with old school dolby. My 55 year old eyes think Sunday football looks fine. We shall see what spring time brings once the trees bloom, there could be some signal loss. My Internet is down to $80 .
Mish is Mike Shedlock – prominent Econ blogger that became popular during the housing bubble.
Mish is a terrible analyst. Spent the better part of 2007 to 2014 claiming deflation is unstoppable and no amount of printing could lead to price increases. 10-15 years later, consistent price increases across every single asset class. Never made any sense as he was a “gold bug”.
He also had a fund, Sitka pacific, that consistently lost money in that same time period. How you pull that off when stocks did nothing but rise is beyond me.
When I was on Oahu, I went to the pier and went to Uncles restaurant there for a quick bite. They take the fish straight from the boats. I didn’t know fish was able to taste that good.
If you don’t know Mish, perhaps this isn’t your platform.
3b,
The only thing that will reduce prices even in the slightest is if they keep building these particle board pods like mad. Or, if interest rates somehow drop through the floor and the fence-sitting sellers decide to pull the trigger all at once.
My son in law spearfishes fluke and black fish off our beach here, filets it on the jetty and we grill it immediately at the beach. Delicious!
Whether US Gary or German Gary, they are very good stating the obvious
Chad Powers says:
December 1, 2025 at 8:08 am
We do rent out a single family house on Oahu. I can verify that Hawaii is a very expensive place to maintain real estate. Gardners and tree cutting/trimming are especially expensive. The upside is that rents are very high so you can make money.
Fast Eddie says:
December 1, 2025 at 10:07 am
If you don’t know Mish, perhaps this isn’t your platform.
I wish I didn’t know Portnoy.
agree
Chicago says:
December 1, 2025 at 8:27 am
Internet & Cable is not an incremental cost
I don’t think utility and energy is either, but it can be argued.
Bogus point to try and make the numbers more pronounced.
For Walking:
https://www.reddit.com/r/cordcutters/comments/1p3nl7y/the_fcc_is_deciding_right_now_if_broadcasters_can/
Ten 408
Pumps said Bitcoin was free here. What happened?
Hundreds of state workers at the Minnesota Department of Human Services publicly excoriated Gov. Tim Walz for allowing a “massive fraud” scandal to unfold under his watch and retaliating against their whistleblowers.
Over $1 billion in taxpayers’ money was fleeced by dozens of scammers in Minnesota’s Feeding Our Future fraud scandal, the largest known COVID-19 fraud case in the country.
“Tim Walz is 100% responsible for massive fraud in Minnesota. We let Tim Walz know of fraud early on, hoping for a partnership in stopping fraud but no, we got the opposite response,” the Minnesota DHS employees X account, which represents over 480 staffers, chided Saturday.
“Tim Walz systematically retaliated against whistleblowers using monitoring, threats, repression, and did his best to discredit fraud reports. Instead of partnership, we got the full weight of retaliation,” the account charged.
“It’s scary, isolating and left us wondering who we can turn to.”
Compare it to organizations like Samaritan’s Purse, T2T, Wounded Warriors, Lt. Dan Fund and any other traditional patriotic American charities and the difference are drastic. Time again, we witness left-leaning organizations raiding and stealing like wild dogs fighting over rotting meat. Once again, leave it to the fuckery of the left to try and destroy the fabric of America. It’s not about personal gain as much as it is about the resentment of which America represents. For some, it’s simply not in their DNA and these malcontents look upon their past and their countries histories with disdain and regret. They are not like us and we are not like them.
BREAKING!
3rd Circuit rules HABBA is disqualified as U.S. attorney in NJ, and she can’t hold the role as an acting either.
By Jonah E. Bromwich and Tracey Tully
Dec. 1, 2025
Updated 10:43 a.m. ET
A federal appeals court said on Monday that Alina Habba had been serving unlawfully as the U.S. attorney in New Jersey, dealing a blow to the Trump administration and most likely setting up a showdown at the Supreme Court.
Federal appeals court rules Alina Habba, Trump’s former personal lawyer, is unlawfully serving as the US attorney for New Jersey.
Fast: Radical left like Walz, can be incredibly vicious and spiteful. Behind that facade is a ruthlessness.
Online shoppers spent nearly 12 billion on Friday.
The Pumps Bitcoin Report:
https://m.youtube.com/watch?v=U8zKdkBOLSs&pp=ygUSdG91cmV0dGUncyBndXkgbWl4
Is Honduras getting a bailout like Argentina’s $200 billion?
no good for the explosive maga budget deficit
Why college is so expensive. Well, just one of the reasons.
Top college football coach FIRED after 13 years as team takes the hit on his $38 MILLION buyout
The orchestra played while the Titanic sank.
3b says:
December 1, 2025 at 10:58 am
Online shoppers spent nearly 12 billion on Friday.
VSG,
It isn’t very obvious until you are actually paying bills. Just had a Mango tree cut down and the other trees on the property trimmed. Cost was $10,000 and will really cut into our profits there for this tax year. And that was after my property manager shopped around for a few months. Still able to make money though. Other places where you‘d think you’d make money there is just way too much overhead. A friend of mine from grad school bought a house in Kailua with her husband for $1 million. It is a very simple house, but the beach in town is great.
“ Treasury just turned in the worst October budget deficit in history — worse than the Covid spending orgy.
Taxes actually jumped by 24%. But spending soared by over $100 billion — with a Republican Congress.
Nothing stops this train.”
Chi – read my post yesterday..was a busy weekend locking up the fraudsters and Racketters.
“Europol, along with authorities in Switzerland and Germany, has taken down Cryptomixer, a long-running crypto-mixing service alleged to have laundered more than $1.51 billion in bitcoin. The operation resulted in the seizure of three servers, the service’s domain, $29 million in BTC, and 12 terabytes of data. Crypto mixers obscure blockchain traces and can be used as money-laundering tools by cybercriminal groups to cash out illicit funds”.
When the money launders can no longer operate, they will flee bitcoin.
Then there is China cracking down again. No crypto for you.
https://finance.yahoo.com/news/china-doubles-down-crypto-ban-134205196.html
Then there was a massive ETH hack in South Korea of the Upbit Exchange..
Sounds like
3b: The liberal left in this country is a fucking disease that needs to be eradicated, rooted out like a rat infestation in a subway tunnel, deep in the bowels of hollowed-out bedrock. They represent less than zero that was once the democrat party. They’re nothing more than a mentally ill mob of disturbed and sniveling zombies.
Dark:12 billion in on line sales, 9 billion Black Friday sales, that’s a huge amount of cash, and the economy is flashing danger signals with layoffs accelerating, and of course inflation is still a problem. Orchestra on the titanic, and or people not giving a shit and charging up those credit cards.
VSG – I gather nobody ever called you the king of wishful thinking…
You made no mention of the timing of the November payments made in October? They paid bills early..deficit was actually lower….
Money that normally would have been paid in November for items such as the active-duty military, veteran benefits, and Medicare went out the door in October because Nov. 1, the usual payment date, fell on a Saturday, according to the Treasury official.
Adjusting for that leaves a deficit of $180 billion, 29% lower than in October 2024.
Fast: Well they certainly are an incredibly angry lot, always outraged by something. I just dont understand why they are so miserable and angry.
“Nov 25 (Reuters) – The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month’s data, the Treasury Department said on Tuesday.”
The far leftist candidate of the Democratic Socialist party in Honduras was crushed in the election. Hondurans had enough.
Not surprising after the progress El Salvador has made
3b- re: “I just don’t understand why they are so miserable and angry”.
You should understand that anger is a known symptom of several mental health conditions.
I had an interesting conversation with a family member over Thanksgiving. They mentioned the Epstein files coming out. I made the statement that I would not be surprised if most, if not all the names in those files will be liberals. That drew an angry response of denial, and then retorted it’s a coverup.
I then pointed out that many of the people in his circle of friends are well know leaders of the party like Bill and Hillary Clinton and Al Gore who are already mentioned in the files and flight logs. Then there are the others billionare and millionaire neighbors and friends that ran around in that West Palm Beach and New York during the period of when Epstein was to have known to operate his human trafficking operation in the 1990s thru 2006 time period when he was first arrested.
I suspect that anger will turn into denial….Then futher down the road depression.
Why did Trump and Bill Clinton both hang out with Epstein?
Do they all have something in common?
I thought they hated each other.
re: “thought they hated each other.”
Does this look like hatred? 20 years ago….VIP guests at his wedding in 2005.
https://people.com/celebrity/hillary-clinton-and-bill-clinton-at-donald-trumps-wedding-photo/
Steal a Bimmer, spend the cash.
No state exempt, shooting in gun free Compton Ca the other night.
Twitch streamer with millions crashing car while streaming.
It’s all a big party. I can use the overtime.
Yes, there is so much money out there, teachers can buy FSD to park their cars.
https://www.the-sun.com/news/15570169/twitch-meltislive-car-crashes-livestream-atlanta/
3b says:
December 1, 2025 at 11:11 am
Dark:12 billion in on line sales, 9 billion Black Friday sales, that’s a huge amount of cash, and the economy is flashing danger signals with layoffs accelerating, and of course inflation is still a problem. Orchestra on the titanic, and or people not giving a shit and charging up those credit cards.
Juice Box says:
Does this look like hatred? 20 years ago….VIP guests at his wedding in 2005.
Nope. Looks like good cop,bad cop to me.
Fast: Well they certainly are an incredibly angry lot, always outraged by something. I just dont understand why they are so miserable and angry.
Development ceased somewhere in childhood. The inability to adjust, learn, mature and grow creates inner turmoil. The ability to use or recognize common sense doesn’t exist. The ability to use reason and rationale doesn’t exist. Dependency becomes a crutch and gathering with those with similar mental disabilities is their only respite.
After I read the first sentence, I thought it was going to be a riddle joke?
Dark Phoenix says:
December 1, 2025 at 11:41 am
Why did Trump and Bill Clinton both hang out with Epstein?
Do they all have something in common?
I thought they hated each other.
Juice: They have convinced themselves that Trump and Epstein were best buds, and it was all there in the files. Now that the files are going to be released the new narrative is the Trump stuff has been deleted. It’s not about the victims of Epstein it’s all about Trump. I don’t if Trump and Epstein were best buds, but it’s clear Epstein s circle was more along the Democrats side including wealthy celebrities, and of course Larry can you get me a date Summers. I don’t know why so many of those on the left let Trump live in their heads, it’s bizarre. But whatever the outcome with the files, they will be convinced Trump was a major player with Epstein, and he abused women, and children too, it has to be true in their minds, just like some are still convinced on the whole Trump/ Russia thing .
BRT: Apparently it’s safe to walk the streets in San Salvador the capital at night now since the the left was defeated in El Salvador, and the gangs have been rounded up and jailed. Bolivia got rid of their Socialist government too recently, after they left the economy in shambles over the 20 years they were in power.
It was $20 billion and it was a currency swap you dunce. The US profited from the transaction.
VSG says:
December 1, 2025 at 11:03 am
Is Honduras getting a bailout like Argentina’s $200 billion?
no good for the explosive maga budget deficit
Please do not confuse the blog’s Liberal Idiot with facts.
Remember back when much of the world’s bonds traded at negative or near-zero yields to maturity back in 2019/2020? And how lots of people said it made sense because people supposedly expected deflation for the next 10 years?
People make up narratives to explain whatever asset prices they see.
I never met anyone who actually expected persistent consumer price declines.
appreciation for ivanka?
Dark Phoenix says:
December 1, 2025 at 11:41 am
Why did Trump and Bill Clinton both hang out with Epstein?
Do they all have something in common?
Who doesn’t like touching kids?
Consumer price declines are not allowed to happen. 2 percent inflation target aka “Price stability” is more important than you having a job.
Surprised none of you guys mentioned QT ending today. Any anticipated effect on interest rates?
At 2% inflation the value of money halves every 36 years.
Since the dollar was fully taken off the gold standard in 1971 the annualized inflation rate has been higher, about 4%, meaning it takes $8 to buy what $1 bought in 1971.
The debasement of money hasn’t led to more or better jobs. It’s perverse that so many economists think inflation offers some sort of “lubrication” for the economy. As if people need to be fooled or scared into engaging in economic activity. The main beneficiaries are those at the front of the line for newly created fiat money. Beneficiaries of government deficit spending, government employees, big banks, lobbyists.
Habba wet-pussied Trump at Mara Lego.
Loomer Blew Trump on AirFutz 1. Has a desk in Pentagon. Trump finished in her throat. 3b watched.
Ex: There you go with your fixation on dicks, and blowing men. I guess that’s because of your micro penis. Go back and hide under your wife’s skirt. Lazy POS, can’t even hold a job down. Did you at least do the dishes after Thanksgiving? What a pathetic loser.
3b,
When a guy drinks a lot of White Russians and smokes a bunch of doobies, it’s hard to do the dishes.
Rolling Stone was outraged at the outrage regarding the lyrics of WAP, writing as if this was sort of DEI empowerment song, as if it’s the modern version of Led Zeppelin’s “The Lemon Song” or “Whole lotta love”.
“Four days after its initial release, “WAP” has transformed from a supremely enjoyable Cardi B and Megan Thee Stallion song into a symbol of something different, yet equally interesting. According to conservatives, “WAP” threatens the very future of women everywhere. In a way it does, if the right wing wants to keep its oppressive vision of the world intact. Contrary to popular belief, Republicans aren’t offended by the thought of sex — if they were, Donald Trump’s multiple sexual misconduct allegations would have impeded his political aspirations. What they are furious about is the racial and economic make-up of who gets to enjoy and speak about sex. A former sex worker and VH1 reality star turned full-time rapper isn’t supposed to have the political sway necessary for Bernie Sanders to meet with the musician on her terms. By doing so last year, Cardi B broke the barriers that are designed to keep historically disenfranchised communities away from the elected officials meant to advocate for them.”
QE is still happening.. All that trash MBS the Fed holds over 2 trillion is maturing slowly and they will purchase 15 Billion US Treasuries a month with the proceeds.
https://fred.stlouisfed.org/graph/?g=1OlS0
Lyrics of WAP vs Baby it’s cold outside.
Funny take from a comedian Tom Cotter.
https://www.tiktok.com/@tom_cotter/video/7228674786321255722?lang=en
No One: Yeah, that’s true. He probably walks around the house during the week wearing a thong, with a joint in one hand and a White Russian in the other.
I really hate AI slop…..
Sorry, did you say something?
Yeah I just want to reiterate you are a pathetic loser. Sitting home on your ass all day doing nothing , while your spouse works. No shame.
All of this winning:
https://www.instagram.com/reel/DRuV_WHkQrN/?igsh=NTc4MTIwNjQ2YQ==
7:30 yeah, it’s a real shame.
Ex: No, you should be ashamed. Loser.
Do each of those 3 groups benefit equally?
No One says:
December 1, 2025 at 4:34 pm
At 2% inflation the value of money halves every 36 years.
Since the dollar was fully taken off the gold standard in 1971 the annualized inflation rate has been higher, about 4%, meaning it takes $8 to buy what $1 bought in 1971.
The debasement of money hasn’t led to more or better jobs. It’s perverse that so many economists think inflation offers some sort of “lubrication” for the economy. As if people need to be fooled or scared into engaging in economic activity. The main beneficiaries are those at the front of the line for newly created fiat money. Beneficiaries of government deficit spending, government employees, big banks, lobbyists
7:47 I’m a little groggy, I just woke up from an epic nap.
I’m telling you there is nothing like a good nap.
Such a loser.
You’re hero had a micropenis:
https://www.instagram.com/p/DREFHM7DqUB/?igsh=NTc4MTIwNjQ2YQ==
Ex : You and him have that both in common. I wonder if he drew dick pics too? So sad and pathetic a 60 year old man drawing dick picks.
( )( ) ===D – cry – – – harder – – –
At 2% inflation the value of money halves every 36 years.
Since the dollar was fully taken off the gold standard in 1971 the annualized inflation rate has been higher, about 4%, meaning it takes $8 to buy what $1 bought in 1971.
The debasement of money hasn’t led to more or better jobs.
According to Fed data, real (inflation adjusted) median incomes have nearly doubled since the early 70’s:
https://fred.stlouisfed.org/series/mepainusa672n
Don’t know if jobs got “better”, but they certainly pay a lot more!
Currency devaluation and the CPI-U-RS are not equivalent
Ex: Pathetic little man