Top news story tonight begins with a very telling moment. You're going to see it right now as Republican Congresswoman's Iowa town hall boiled over with voter anger regarding healthc care costs that even led to heckling >> when the uh Affordable Care Act was passed. >> The reason why I was >> lower cost, greater leaders, vote for on the um affordable care act or the unaffordable care act.There was no >> what's your plan. >> It's minimal number of people that is >> how much your go. >> That is the sound in o ...

Donald Trump is facing a familiar problem. He's trying to convince the American people that the economy is doing better than it actually is. >> The economy is the strongest it's ever been.>> And why are people saying they're anxious about the economy. Why are they saying that. >> I don't know that they are saying I think polls are fake.We have the greatest economy we've ever had. >> We saw similar frustrations in Biden's administration. And last week's election results and exit polling is the newest indicat ...

Housing Market Trends - Zillow reports that 59% of renters intending to move within the next year plan to continue renting [1] - The average homeowner now takes 7 to 10 years for owning to make more financial sense than renting, considering mortgage interest rates, home value appreciation (expected to rise less than 2% year-over-year), rent price growth, and opportunity costs [2][3] - In expensive coastal metros like New York City and San Francisco, it can take 15 to 20 years to break even on buying, while in more affordable metros like Memphis or St Louis, it takes 3 to 4 years [4][6] - Prior to the pandemic, the buy-rent break-even point was 2 to 3 years nationwide [7] Renting vs Buying - Renting can be a smart long-term financial option, leading to the rise of the lifestyle renter who values flexibility and freedom [7][8] - The decision to rent or buy depends on personal lifestyle choices and how long one plans to stay in a place [8][9] Advice for Aspiring Homeowners - Improve credit, debt-to-income ratio, and savings to land a better interest rate [11] - Utilize tools like Zillow's Buiability to determine affordability on a monthly basis [12] - Form a team of experts, including a great agent and loan officer, to gain a competitive advantage [13] Future Outlook - Any cuts in mortgage rates or reduction in prices will help affordability and bring more buyers to the market, shrinking the buy-rent break-even time horizon [14] - Even if mortgage rates were to come down dramatically, only 37% of renters said they would buy a home, indicating a continued preference for renting due to lifestyle reasons [15]

RT Bloomberg Opinion (@opinion)@niamalikah @DavidMDrucker @TimOBrien “There was a sort of level of cruelty that emerged over the last 40 days over some of the things that Trump and Republicans were trying to do,” @niamalikah says.“There was this argument around affordability … but it’s turbo-charged now.” https://t.co/sPcnecs3SB ...

It was a conj job. Affordability, they call it, was a conjob by the by the Democrats. The Democrats are good at a few things.Cheating on elections and conning people with facts that aren't true. They said, "Oh, I don't want to talk about affordability." The reason I don't want to talk about affordability is because everybody knows that it's far less expensive under Trump than it was under Sleepy Joe Biden. And the prices are way down.As President Trump on Friday, calling the Democratic Party's focus on affo ...

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. ...

Zohran Mamdani won over New York City voters by promising to make the city more affordable with a rent freeze and free services funded in part with an added tax on the rich. What could the impact be?Read more: https://t.co/vo7fTS3Fpk https://t.co/X3VMfAAhv7 ...

Healthcare Policy & Political Stance - Democrats took a stand on healthcare, but didn't secure ACA subsidies, questioning the shutdown's value [4] - Public sentiment favored Democrats on healthcare, yet Democrats seemingly "caved," raising questions about strategy after electoral gains [6] - Republicans are perceived as not prioritizing government functioning and attacking healthcare subsidies, even in districts that would benefit [9][10] - A small group of Democrats aimed to be "adults in the room" to avoid severe consequences like grounded planes, amidst suffering [11] - Some Democrats believe their leaders consistently surrender in negotiations with Republicans, frustrating Democratic voters [18] Economic Impact & Affordability - The 2018-2019 shutdown cost $11 billion [8] - Republicans are seen as owning the economic downturn due to tariffs and lack of affordability solutions, impacting consumer sentiment [13][14] - Extending Obamacare subsidies is seen as morally right and politically smart, especially for Republican districts [20] Political Division & Strategy - Divisions exist among Democrats regarding the shutdown deal, with some prioritizing keeping the government open [15][16] - Some argue that Democrats gained nothing from the shutdown, as advancing subsidies seems unlikely in both the House and Senate [19] - Republicans are criticized for irresponsible governing, including threats and unfulfilled promises [21][22]

Election Highlights - Several Democrats achieved historic firsts, including the first Muslim woman elected to statewide office in Virginia [1] - Detroit elected its first female mayor in its 324-year history with 75 mayors [3] Detroit's Resurgence and Economic Development - The new mayor aims to ensure Detroit's resurgence extends into neighborhoods, focusing on commercial corridors and retaining residents [3][8][9] - Plans include public-private partnerships to drive economic development beyond downtown Detroit [8][9] - A neighborhood redevelopment plan will focus on retaining residents, activating commercial corridors, and improving infrastructure [9] Crime Reduction and Federal Relations - Detroit is proactively working with local and federal partners to reduce crime, with reductions seen in every major crime category compared to the previous year [11][12] - The mayor-elect is open to federal resources that fund housing, jobs, and community violence prevention [13] - The mayor-elect aims to find common ground with the federal government to bring resources back to Detroit, while firmly opposing anything detrimental to the city's residents [16] Democratic Party Insights - The campaign's success was rooted in engaging with everyday Detroiters at the grassroots level, emphasizing the importance of connecting voting to residents' quality of life [20]

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]