“Updates on real corporate taxes, Canada’s infrastructure maneuver, economics of real estate, foreign students leaving. Major discussions of economics of interest rate hikes and how the politics of beyond capitalism may work out.”
KENNETH CHANG – Stonehenge Begins to Yield Its Secrets
AMESBURY, England — About 6,300 years ago, a tree here toppled over.For the ancients in this part of southern England, it created a prime real estate opportunity — next to a spring and near attractive hunting grounds. According to David Jacques, an archaeologist at the University of Buckingham, mud was pressed into the pulled-up roots, turning them into a wall. …
April M. Short – Why Now Is the Worst Time in American History to Be a Renter
If you’re having trouble keeping up with rent, you’re not alone. Renting in the U.S. has never been as expensive as it is right now. According to a new report [3] by the online real estate database Zillow, rents have never taken up this much of the American paycheck. Mortgage prices have remained relatively stable over the last several years, …
Wolf Richter – Housing Bubble Means American Dream Withers at Record Pace
The current housing boom has Dallas solidly in its grip. As in many cities around the US, prices are soaring, buyers are going nuts, sellers run the show, realtors are laughing all the way to the bank, and the media are having a field day. Nationwide, the median price of existing homes, at $236,400, as the National Association of Realtors …
US home ownership rate hits lowest level in two decades By Andre Damon
The economic recession that began with the collapse of the housing market in 2007 officially came to an end in June 2009—more than six years ago. But by most indications, American households are significantly worse off than they were at the depth of the downturn. Despite the drop in the official unemployment rate, household incomes have fallen, wages have stagnated …
Death Of The Middle Class: Homeownership Rate Drops To 29 Year Low As Average Rent Hits Record High – Tyler Durden
Overnight Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if not hundreds of millions of Americans. According to the poll, the number of Americans who do not currently own a home and say they do not think they will buy a home in “the foreseeable future,” has risen by one third to 41%, vs. …
Government prepares to track unvaccinated adults
The latest assault on human and civil rights in the United States has been quietly taking shape, but rather than media and public outcry, this attack is being met with cheers from the very corners that condemn other forms of discrimination. What is the object of this attack?  Believe it or not, it’s adults who have not complied with the vaccination …