For the first time in over a decade, there are now 530,000 more home sellers than buyers, the biggest gap ever recorded.
This should be great news for young people trying to buy homes, but it's exposing a political problem.
Trump openly admitted that helping young buyers requires driving prices down, which tanks the wealth of existing homeowners, mostly boomers.
Young people have basically stopped buying homes.
84% of Gen Z is delaying homeownership because prices are still astronomical despite this massive inventory glut.
The median first time buyer is now 40 years old.
You need to earn $141,000 just to afford a median priced home when the average salary is $75,000.
Even with sellers desperate to offload properties, the core problem remains, homes cost way too much because mortgage rates are above 6% (up from pandemic lows of 3%), and boomer homeowners have seen their properties appreciate by 33% in five years.
This creates a dilemma for Trump because increase housing supply to lower prices and help young buyers, or protect the wealth boomers built through home appreciation.
Trump said it himself, he wants to "keep up" boomer home values while making it possible for young people to buy.
You can't do both.
RFK Jr. Stuns Critics With Masterclass Senate Confirmation Performance
Elizabeth Warren tried to put RFK Jr. on the spot. What happened next was priceless.
🧵 THREAD
It’s actually sick how women can literally ruin your entire life and everything you worked for then say “ just kidding “ and she doesn’t get any consequences
(1/3)I was gutted to learn from the media that after 19 years Im banned from the Nathan's July 4th Hot Dog Eating Contest. I love competing in that event, I love celebrating America with my fans all over this great country on the 4th and I have been training to defend my title.
🚨BREAKING NEWS🚨
Joey Chestnut has been BANNED from the 2024 Nathan’s hot dog eating contest due to his deal with a vegan franks company.
WOW.
(Via NY Post)
So let's imagine a scenario of how capitalism actually works, kids. You ready?
I'm a pharma guy and my company creates a drug that can save the lives of people who are going to die if they don't get it. It costs $5/dose to make.
My guys say we should sell it for $15K/dose.
Been just sitting back listening to the chatter. But I can’t help myself sometimes lol. James Jones…( the packer guy) I have never heard of you. But listen here ya little meat head…fall back lol. Talking about “you barely made it in the nba”😂…bro I was lottery pick who has already played 11 years. You played 8/9 seasons in the NFL 🤦♂️. Make it make sense. By your own logic you really barely made it 🤷♂️. You sound salty.
Beat it.
It’s almost as though not having your best player healthy in both series the past two years was very impactful. It really demonstrates how VALUABLE a guy like that is to his team.
Huh, they should make an award for that or something
It’s been eons since I’ve tweeted but just felt like I should let everyone know that we made a real bros of simi valley movie and it’s coming out this summer
A lot of emotion in this. I just want to say THANK YOU Green Bay. Thank you for the last 11 years. It’s been a hell of a run. I always wanted to raise a Lombardi on Lombardi avenue, but I will never complain. I gave it my all. I always gave it my best no matter the circumstance and to me, that truly was enough. My 32 year old self is so damn proud of that 21 year old with no facial hair, bushy tail kid that just wanted to do his best. I’m so proud of you. For whatever happens next, I look forward to it. To the city and fans all across the world, I just want to say thank you. To the entire organization, Thank you. To entire coaching staffs, Thank you. To the entire support staff, Thank you. To my wife and daughter (Frankie and Felix): I hope you are proud. To my family (Debbie, Karl, Eric, Andrew, and Danielle): I hope I represented our name with pride these past 11 years in Green Bay. I cannot thank everyone, so I hope this post will suffice. Don’t cry because it’s over. Smile, because it happened.
Love 69. #Dinnerfor2