Hittokiri Blacktosai

Patron Saint of Practicality and Punctuality, Adonitologist

[The Kobeissi Letter @KobeissiLetter]

US housing inventory growth is accelerating:

The monthly supply of new single-family homes rose +1.0 month in May, to 10.3 months, the highest since February 2009.

This indicator measures how many months it would take to sell all homes currently on the market at the current pace of sales.

The higher the reading, the weaker the demand relative to supply.

By comparison, the long-term median for this metric is ~6.0 months.

Since the 1970s, 6 of the 7 times this indicator surged to current levels, the US economy was already in a recession.

This comes as elevated mortgage rates and record homeownership costs are keeping buyers on the sidelines, leaving builders with growing inventories that they are struggling to clear.

The US housing market has rarely been this oversupplied.

[Spectrum News NY1 @NY1]

Mayor Zohran Mamdani said the city is implementing several new "first-of-their-kind" measures in order to beat the heat.

Thousands of LinkNYC kiosks across the five boroughs will display routes to the nearest cooling center, which Mamdani says shouldn't be more than a 10-minute walk.

There will also be "cool vans" stationed around the city to provide hydration and electrolytes, meals (including vegetarian, kosher and halal options), plus transport to the nearest cooling center.

[Barchart @Barchart]

BREAKING 🚨: Commercial Real Estate

Office CMBS Delinquency Rate hits 12.3%, the highest level in history 👀

[More Perfect Union @MorePerfectUS]

BREAKING: The Supreme Court has upheld the constitutional definition of birthright citizenship — meaning all children born in the United States are U.S. citizens.

[Jedi @dhe3g]

Democrats don’t deserve to claim this. They fought this guy like hell

[Barchart @Barchart]

U.S. Credit Card Accounts delinquent by 90+ days have jumped to 13.1%, the highest level in 15 years and closing in on the highest level in history 🚨🚨🚨

[Caroline Renard @carolinerenard_]

YOU GUYS ARE COPS!!!!! The surveillance state has become too much. You all monitor and record everyone too much! Stop being a fucking cop! ACAB for your ass too!

[Barchart @Barchart]

New House Prices have dropped below Existing Homes for the first time in history 🚨🤯

[ProbablyApril ✨ @oh_itsapriltoo]

FF7 got me thinking "yeah Barret you're right we SHOULD bomb these data centers".

[FactPost @factpostnews]

Zohran Mamdani: Americans are exhausted by the daily struggle to make ends meet. We can't just oppose the Trump administration. We need to lay out a policy agenda that actively fights for working people.

[𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉 @OrevaZSN]

Food trucks need to go back to being cheaper than dine in restaurants. Paying restaurant prices to eat on a sidewalk was never part of the deal.

[ສະຫາຍ ສຸວິ 🇱🇦🇵🇸‧₊˚ ✮⋆˙ @Souvie]

this isn’t ok or normal and you shouldn’t go about your day pretending it is

[‏ً @omgsidewalks]

Yes, The minimum wage is meant to be the lowest wage you can live on and afford housing. So, for everyone saying “it's not meant to be that,” yes, it is. That's why it's called the minimum wage.

[femiiiiii. @femiiiszn]

please, get comfortable with going to events, movies, concerts, bookstores, and museums by yourself so you don't miss out on life waiting on people.

[‏ً @omgsidewalks]

It blows my mind every day how this society operates under the lie that there isn't enough. We throw away tons of food, we have more empty houses than homeless people, and our landfills are full of clothing and furniture.

[CJB, Esq. @CJoeBlack]

Hi, New York Lawyer here. Tons of misinformation being spread right now online. Let's dispel some:

1. Rent being frozen doesn't mean your landlord will not repair your apartment. Every apartment in NYC has a warrant of habitability and if that's broken you can sue. Cont...

[Whemïmor @hy_wemmy]

Some people spent so much of their lives trying to survive that they never got the chance to learn how to swim, speak a foreign language, play an instrument, travel, or simply explore life beyond work and responsibilities. That’s a side of poverty we rarely talk about.

[Pope Leo XIV @Pontifex]

We cannot consider #AI to be morally neutral. In reality, every technical tool embodies choices and priorities through what it measures, ignores, and optimizes, and how it classifies people and situations. Ethical discernment cannot be limited to asking whether we are using a system for good or bad purposes. It must also examine how that system is designed and what vision of the human person and society is embedded in the data and models that guide it. #MagnificaHumanitas

[Asad🗽🍎 @AsadFromNYC]

Oh my God Zohran did it. New York City’s Rent Guidelines Board APPROVED A RENT FREEZE!!!!

[ROYZ @royzkingin]

No matter how much potential you have, if you don’t fully lock in and take charge of your life, you’ll eventually end up as the guy who had potential but nothing to show for it.