Gov’t gives away trillions, yet subprime borrowers surge

Gov’t gives away trillions, yet subprime borrowers surge

  Does anyone else find it a bit ironic that the US government gave away 4.6 trillion including direct payments to individuals and yet the number of subprime borrowers has surpassed precovid levels.  Why are more borrowers now classified as subprime and what does...
Taylor Swift tax on real estate coming to a city near you

Taylor Swift tax on real estate coming to a city near you

A new push by states to tax the real estate of the wealthy is going nationwide with cities across the country looking at expensive second homes as the gold mine to solve all their social problems. What is the new “Taylor Swift Tax”? What are some of the new proposals...
Big changes in property rights from the election- what city made 100m from the election?

Big changes in property rights from the election- what city made 100m from the election?

Although all eyes and media coverage was on the supposed “blue wave” on election day, the real story are the huge changes in property rights throughout the Country.  Did Nantucket vote to continue an effective ban on nightly rentals?  Did Vail pass a 17% tax on...
Heavy trucks signal recession my data says the opposite

Heavy trucks signal recession my data says the opposite

    Look at the chart above, there is a direct correlation between heavy truck sales and GDP growth which is one of the best indicators for the health of the economy.  As you can see heavy truck sales plummeted, which points to a recession.  On the flip...
Fed drops rates, why did mortgage rates barely budge

Fed drops rates, why did mortgage rates barely budge

    The federal reserve lowers interest rates and signals two more reductions the remainder of the year.  At the same time mortgage rates are barely moving.  Why are mortgage rates having such a large disconnect with the Federal Reserve.  Will rates continue...