The financial plight of young people can be explained in two charts:1. The number of employees it takes to create $1 million in revenue2. Home prices compared to income levels https://t.co/rcIEhXW7Nk ...

Core Insights - Home prices in the U.S. rose 1.5% in August year-over-year, a slight decrease from the 1.6% increase in July [1] - The pace of home price increases is lagging behind the current inflation rate of 3%, leading to a real-term erosion of housing wealth for the fourth consecutive month [2] - High mortgage rates have contributed to the stagnation in home prices, with the average 30-year fixed mortgage rate decreasing from just below 7% in June to 6.19% by the end of August [3] Market Trends - Buyer demand is being negatively impacted by mortgage rates remaining above 6.5%, limiting transaction activity during the typically busy summer season [4] - The New York metropolitan area experienced the highest annual price gain at 6.1%, while cities like Tampa, Phoenix, and Miami saw declines of 3.3%, 1.7%, and 1.7% respectively [5] - Significant price weaknesses were noted in the West, with San Francisco down 1.5%, Denver down 0.7%, and San Diego down 0.7%, indicating a broader trend of declining prices in certain metropolitan areas [5]

RT Evanss6 (@Evan_ss6)Home prices down 87% in BTCWake me up when they’re down 98% in BTC$600k ...

Housing Affordability Crisis - A married couple requires two full-time incomes to afford a home, hindering their ability to save for the future [1] - The focus should shift from mortgage rates to home prices [1] Societal Impact - The current housing situation is unsustainable and contributes to collective nihilism in America [1]

Market Trends - Home prices rose 3%, barely keeping up with inflation [1] - Bitcoin rose 75% [1] Company Positioning - Horizon positions Bitcoin as a store of value, unlike homes [1] - Horizon aims to help users transform their homes into a store of value (presumably through Bitcoin-related services) [1]

Market Trends - Cape Coral-Fort Myers home prices experienced the largest decline among major metro areas, falling by 11% over two years through May [1]

Monetary Policy - The Bank of Korea held its policy rate steady [1] - The decision reflects monitoring of previous easing moves' impact [1] Economic Concerns - Soaring home prices are a key concern [1] - Higher US tariffs pose a threat to the economy [1]

Many homeowners are having a hard time keeping up with their mortgage payments as home prices sit at record highs, forcing homebuyers to take out larger loans. In May, mortgage delinquency rates grew faster than any other debt type. https://t.co/6g2DkO3O0m ...