U.S. homebuyer demand fell to its lowest level on record.
There are now 500,000 more home sellers than buyers in America.
967,000 buyers were in the market in July, compared with 1.46 million sellers.
Nearly 80% of major U.S. metros are now buyer’s markets.
Plenty of homes are for sale. Millions of Americans just can’t afford them.
26% of Gen Z investors now consider sports betting part of their long-term financial strategy.
Even more surprising, 52% moved money meant for investing into sports betting last year.
1 in 3 workers now have more credit card debt than retirement savings.
Meanwhile, U.S. credit card debt has climbed to $1.26 trillion, near its record high.
That’s up 60% in just 5 years.
Credit cards: $1.263 trillion, up $21 billion.
Auto loans: $1.71 trillion, up $28 billion.
And 12.92% of credit card balances are now 90+ days delinquent.
Berkshire Hathaway is now buying stocks again for the first time in over 3 years.
It bought $23.5 billion of stocks in Q2 and sold $3.7 billion. That’s $20 billion in net purchases.
Berkshire spent years building a massive cash pile. Now it’s putting that money to work.
You know what it means when Berkshire Hathaway starts buying stocks again, right?
Weekly thread for:
Warren Buffett said he could end the deficit in 5 minutes.
“Any time there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.”
Do you support this?
Imagine earning $100,000 a year when a Footlong was still $5
A family of four now needs $178,000 to $301,000 a year to get by in America.
Meanwhile, the median U.S. household only earns $83,730.
The American Dream now requires an income most will never earn.
In 1971, President Nixon took the U.S. off the gold standard.
That year, a minimum-wage worker earned 0.046 ounces of gold an hour.
Today, that much gold is worth about $185 an hour.
And measured in gold, the S&P 500 is down 66% from its 2000 peak.
They printed money and your purchasing power disappeared.
That’s what they stole from Americans.
Your grandparents could buy a home and raise a family on one income.
Today, many people under 30 can’t even afford rent on two incomes.
An entire generation is realizing that a home and family may never be within reach.
That’s a system failure.
And society isn’t ready for what happens when millions feel they have no future and no stake in the system.
The CEO of America’s biggest bank just said America has left lower-income workers behind.
Jamie Dimon says too many are stuck with weak schools, unsafe neighborhoods, and too few good jobs.
The bottom 50% own just 2.5% of America’s wealth.
Since when did the American Dream mean half the country splitting 2.5% of the pie?????
$255,000 a year is the new $100,000.
In 1990, a $100,000 salary had the same buying power as $255,000 today.
Today, you need to earn $255,000 to afford what a $100,000 salary bought in 1990.
President Trump has gained more wealth in his 18 months as US President than in the last 60 years of his career.
His net worth has increased by $4.2 billion since 2025 and is now $7.8 billion, per to Bloomberg.
Losing a $500k home you’ve owned for 30 years because you couldn’t pay $4k in property taxes shouldn’t be legal
$100,000 a year is the new $39,000.
In 1990, a $100,000 salary had the same buying power as about $255,000 today.
Today, $100,000 buys what roughly $39,000 bought in 1990.
A six-figure salary isn’t what it used to be.
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U.S. home prices are now above the peak of the 2006 housing bubble, adjusted for inflation.
Since 2019, the average annual cost of owning a home has jumped 39%.
Emergency repairs +175%
Maintenance +85%
Insurance +72%
Interest +35%
Property taxes +31%
And the income needed to afford a typical home hit $109,152 in June. That’s up $15,600 since January.
Meanwhile, home prices are reaching record highs, and insurance, taxes, repairs, and HOA fees keep rising.
Buying a home is expensive. Now keeping one is more expensive.
The 30-year US Treasury yield just surged to 5.18%, its highest level in 19 years.
The last time it was this high was 2007, right before the financial crisis. Back then, the national debt was $8.4 trillion.
Today it’s $39.4 trillion. Same interest rate. Almost 5 times the debt.
Interest alone now costs over $1 trillion a year. That’s about $7,700 per household before the government spends a dime on anything else.
The cost of America’s debt is now reaching everyone.