Decent alternatives to official data exist for employment, housing and goods prices. But services are varied and harder to measure using private-sector data https://t.co/wOqNmIHfj3 ...

I want to talk about the top issue for voters in last week's election and I would say most elections, the economy, affordability, and housing. Now, for millions of Americans, buying a home is financially out of reach. Today, this number might surprise you.The average age of a firsttime home buyer is a record high, 40 years old. That is why President Trump says he is proposing what his administration is calling quote a complete gamecher. A 50-year fixed rate mortgage.So, what does that actually mean for you. ...

You don’t need socialism to solve home affordability.You just need to build more housing.It really is that simple. ...

Welcome back. So, could a 50-year mortgage option be on the horizon. The Trump administration raising the prospect of such a loan over the weekend.Our Diana Olle joins us now with the story, Diana. So, how would this work. Well, so Sarah, in an attempt to make home buying more affordable, President Trump floated the idea of a 50-year mortgage in social media post.In response, FHFA Director Bill Py, who oversees Fanny May and Freddy Mack, posted that they are quote working on it and that it would be quote a ...

Mayor-Elect's Policy & Business Community's Concerns - The business community initially adopted a "wait and see" approach towards the new mayor, focusing on how to ensure the city thrives under his leadership [1][2] - The mayor-elect aims to make the city more affordable through measures like lower grocery prices, universal child care, free buses, and rent freezes [2] - Concerns arise that achieving affordability by raising taxes could worsen the crisis, as businesses pass costs to consumers [3] - The mayor-elect's initial focus on efficient government in his acceptance speech was encouraging to the business sector [4] Talent Attraction & Cost Competitiveness - The ability to attract top talent to New York City is crucial, with concerns about businesses and wealthy individuals potentially relocating [5] - New York needs to demonstrate it's a reasonable cost place to do business and live, as other states and countries compete for jobs and tax dollars [6] - The premium for talent in the financial industry in New York is over 20% higher compared to places like Tennessee, Florida, or Texas [6] Housing Affordability & Real Estate - The mayor-elect pledged to make New York City more affordable, particularly regarding housing, including a promise to freeze rent for 2 million New Yorkers in rent-stabilized apartments [7] - Real estate taxes account for 30% of the rent, leading to discussions on property tax reform to help rent-stabilized units, of which there are over 1 million in New York City [8] - Rent control policies could deter private capital from investing in new housing, while New York needs hundreds of thousands of new housing units [11] - Converting underused office buildings to residential is seen as a way to lower housing prices [12] Office-to-Residential Conversions - As of May, the pipeline of office-to-residential conversions totals 81 million square feet, up from 71 million square feet just months ago [17] - An incentive called 467M offers developers a tax break for 30 years for starting office-to-residential conversions, with projects breaking ground by mid-2026 [18] - Approximately 13 million square feet of office buildings in New York are currently being converted to residential due to this rule and office oversupply [19] Housing Supply & Construction - New York City needs to build more housing to accommodate its growing population and job market [22] - The challenges include the high cost of acquiring land and buildings, expensive construction, and complex regulations [23] - Cutting the amount of time it takes to build housing is a top priority, requiring city administration to empower departments to make decisions and issue permits quickly [25]

The US government shutdown has broken records — and its economic consequences could prove even longer-lasting.@MeganScullyDC joins @sarahsholder on the Big Take podcast to break down the impacts on food assistance, housing, retail, air travel and more https://t.co/Lwt1aXgDv6 https://t.co/2p0eLcPxv1 ...

RT Dumpelstiltskin (@0xMentalIllness)No one is going to fix housing, this is America we don’t build our way out of problems we just financial engineer them (which leads to more asset appreciation). Boomers have to lose net worth and there’s no way they support that in any fashion ...

Election Analysis - The election turnout is considered extraordinary, potentially the largest in 30 to 40 years [2] - A key message is the need for a government that represents working people and the middle class, addressing issues like housing, child care, transportation, and healthcare affordability [4] - Voters care about affordability, particularly the cost of housing [6] - The idea that everyone should be able to afford housing is not radical [7] Economic Commentary - The top earners in America have never had it so good, while 60% of Americans live paycheck to paycheck [5] - There is significant income and wealth inequality, with one person owning more wealth than the bottom 52% of American society [8] - Giving a trillion dollars in tax breaks to the 1% and throwing 15 million people off healthcare is considered a radical idea [8]

Joining me now is Zoron Mdani, the Democratic nominee running for mayor of New York City. Thanks for being here. >> It's a pleasure to be on. >> Uh it's great to have you. You've campaigned on affordability for a long time. Let's take a look. >> When we all fight together on this issue of housing, >> we are in a fight for housing justice for every single New Yorker. From 2021 to 2022, the rents went up 34%. We're committed to freezing the rent for the more than 2 million rent stabilized tenants. >> It's the ...

As a progressive in a conservative-leaning country, Rob Jetten will find it hard to put together a government that can tackle issues such as housing and immigration. But he is celebrating his victory as a triumph of optimism https://t.co/WUpUp9NZBx ...