British millennials are embracing an unlikely new cause: infrastructure, housing and the politics of economic growth https://t.co/IJlW94mKuN ...

meeting between President Donald Trump and New York City Mayor Elect Zoran Mdani just wrapping up. Aean Jabvers, what do we know. Brian, this was a fascinating moment in the Oval Office.A classic political setpiece here uh as the left-wing new mayor of mayor elect of New York meets with the right-wing president of the United States. And what happens. Not fireworks, but handshakes in the Oval Office.and something of a love fest between these two politicians. Maybe sort of a a game recognizes game moment here ...

When this meeting showed up on the calendar. Let's just say I think a lot of us, to be fair, were expecting something a lot more contentious. What actually got into the water with these two men today.Oh, I think the crisis of affordability was going to be the thing that brought them together. And that's what bore out in this Oval Office meeting. They agreed on getting housing built in New York City and bringing down prices.Anything I'm going to do, the president said, is going to be good for New York if tho ...

Economic Indicators - Alternative data sources exist for employment, housing, and goods prices [1] - Services sector data is more challenging to measure using private-sector data due to its varied nature [1]

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. ...

Market Trend & Policy - The Trump administration proposed a 50-year mortgage option to make home buying more affordable [1] - FHFA is considering the 50-year mortgage, viewing it as a potential "game changer" [2] - Analysts suggest that implementing a 50-year mortgage may require regulatory changes to the Dodd-Frank Act, potentially taking up to a year [5] - The housing market needs more supply to combat inflated home prices, regardless of mortgage rates [6] Financial Implications - A 50-year mortgage could lower monthly payments, illustrated by a decrease from $2,506 to $1,823 on a $415,200 home with a 20% down payment and a 63% interest rate [3] - While monthly payments decrease by $233, homeowners build equity slower and pay 40% more interest over the loan term [4] - Shorter-term loans (15-year fixed) currently have lower interest rates (66 basis points lower) than 30-year fixed loans, suggesting a 50-year mortgage might have a higher interest rate [7] Risks & Considerations - A higher interest rate on a 50-year mortgage could negate the benefit of lower monthly payments [8] - Concerns exist that a 50-year mortgage resembles an interest-only mortgage due to the slow equity building [9] - The average homeowner may not stay in their home long enough to benefit from a 50-year mortgage [9][10]

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 ...