BREAKING: The income needed to afford a typical home in the US hits a record 41.4% in 2023.
This is up from 21.1% in 2012 and 28.5% in 2020, according to Redfin.
On a POST-TAX basis, homebuyers are spending nearly 60% of their income on home payments.
A homebuyer would need to make at least $110,000 per year to spend 30% or less of their income on home payments.
How is this sustainable?
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🌟Ukraine conducts successful test of SpaceX's Starlink satellite internet system.
Speeds reached over 200 megabits per second. SpaceX CEO @elonmusk provided Ukraine with the system to make sure that Russian forces aren’t able to take down Ukraine’s internet connectivity.
@Starbucks Please Please change the timing in mobile orders!! I’m tired of abandoning drinks ($) or waiting 20-30 mins when the app says 10mins. Thanks!! Byeee
Details on the new podcast subscription offerings from Apple and Spotify:
Apple: Takes a 30% cut of subscription revenue the first year and 15% the following years.
Spotify: Podcasters keep 100% of subscription revenue until 2023, when a 5% fee kicks in.
https://t.co/ziN1EjaJeh
Market moving!! Corporate tax inc., Capital Gains tax double to 43.4% for $1million+ earners, household income tax inc. on $400k+. Here comes inflation! Oh & proposed step-up going away🤷🏼♀️?? Wow. Going to be lots of selling for 2020 if this passes.
Stocks extend drop; Dow falls 1% or nearly 350 points after reports that Biden will propose hiking capital gains tax for the wealthy https://t.co/G2vjJUIJ82
@wesbury I don’t get it either! Just started seeing the same “public held” $21.6 vs $27trillion. Is the difference the debt the government holds itself???
Wow. Crazy to think about the effects of all this. -> School closures will cost students thousands in future earnings: Penn Wharton Budget Model https://t.co/EAbB8Viwi1 via @YahooFinance
Wordy action! @pegpolanski (156 seconds) just passed @kgilley7 (192 seconds) on the Wordy #Solitaire leaderboard. Way to go, Mom! https://t.co/sTo3zUpkv8