Money
A Gallup poll just said U.S. families of 4 need $85k per year to survive. Right now it takes somewhere between $91k to $115k to buy a home.
New home prices of $420,800 right now. You need to make $115k to afford this with 5% down and $600 in other bills like credit cards and car loans.
Existing home sales down 14 of 15 months, and home prices now $388,800 for 86% of inventory. Is this affordable? Here's the math.
High rates brought home prices down a little, but low inventory will prevent a huge drop. So what should buyers do now?
Fintech Nexus USA 2023 comes as fintech and banking is retrenching, and the innovation energy was palpable. Here's The Basis Point live blog (Day 2 of 2).
At 1,416 feet above the city and 17k square feet, this 3-floor Central Park Tower penthouse is the most expensive listing in America. And it is amazing.
Last year, TurboTax owner Intuit was ordered to pay $141m to 4.4m low-income consumers who were ‘deceived’ into paying TurboTax to file their taxes. Checks start going out next week.
Bank Crisis Of Confidence: Gallup shows half of people worried about their money inside banks. They break worrying class down by income, education level, political leanings
On day 3 first Writers Guild of America strike in 15 years, the set of Wall Street drama Billions closed for several hours May 4. Here's what happened.
After May Fed meeting, DoubleLine CEO Jeff Gundlach told CNBC he sees 4% CPI by year-end, a bond market that implies lower mortgage rates, and high recession odds. Here's a recap.
Renowned NYC real estate appraiser Jonathan Miller just updated his chart set on 2022 Wall Street bonuses. He notes why NYC housing may be less reliant on Wall Street jobs than it used to.
Bleak future of smart cars (and homes): Ford repossession patent to lock customers out of car, kill AC, or drive away for missed payments.
Despite everyone always worried about money, worst inflation over but Fed May 3 rate hike likely. Here's inflation peak & Fed hike recap.
In Pennsylvania, 3 investors bought an old high school for $100k, got a $2m mortgage for $12,129/mo, and put in $1.3m of their own money to turn it into a 31 apartments in 18mo.
Nick Maggiulli at Ritholtz Wealth discusses the nuances of the rich vs. wealthy. What definitions as well as income and net worth numbers set these financial terms apart?
