Homeownership has become far more expensive since 2019, with emergency repairs up 175%, maintenance up 85%, insurance up 72%, interest up 35%, property taxes up 31%, and principal payments up 22%, per WSJ:
JUST IN: 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.
BREAKING: The US 10Y Note Yield officially surges above 4.70% for the first time since January 2025.
This puts yields above the "Liberation Day" high in April 2025, set to drive interest rates to new 52-week highs.
The bond market is flashing red.
Florida's housing downturn is entering a new stage: severe mortgage distress.
It now ranks #1 in the U.S. for foreclosures.
And we're starting to see listings like this, where the homeowner is trying to sell for $130,000 less than they paid in 2022.
That's a 40% loss in just four years.
Many people who bought near Florida's housing peak in 2022-23 are now running into financial trouble.
But what's remarkable is that mortgage distress is still nowhere near 2008-09 levels. Yet we're already seeing individual homes lose 40% of their value.
If this trend continues, today's discounts may only be the beginning.
Check the value estimate of any listing with Reventure's analyzer: https://t.co/nXb7WRppuD
The cost of financing US debt is rapidly rising:
On Tuesday, the US sold 30-year Treasury bonds at a 5.06% yield, the highest auction result since 2007.
At the same time, the 30-year Treasury yield jumped back above 5.00%, though it remains below the May 20th peak of 5.20%, the highest since July 2007.
By comparison, auctions for the same maturity were priced at around 2.00% in early 2022.
Long-term yields are increasing as the US debt burden expands, with heavier Treasury supply, rising inflation risks, and concerns over future borrowing needs forcing the government to pay more to attract investors.
Furthermore, the AI investment boom is adding another layer of pressure, as tech companies issue record amounts of debt to fund AI infrastructure, competing with the government for the same pool of capital and pushing long-term borrowing costs higher.
The US debt crisis is intensifying.
BREAKING: A record 556,850 people worldwide now have a net worth exceeding $30 million, up 14.4% in 2025 alone, marking the fastest growth since 2017., per WSJ