The Airbnb logo displayed Dec. 2020 outside at the Nasdaq Exchange before the opening bell and the Airbnb IPO in Times Square in New York City, N.Y. Last year in November, official figures showed that approximately 321,000 Spanish homes held a holiday rental license in Spain, which was a 15% increase compared to 2020. File Photo by John Angelillo/UPI | License Photo Dec. 15 (UPI) -- Spain imposed a fine on Airbnb for tens of millions for allegedly listing properties that were either prohibited or did not ho ...

Today, the Senate failed to pass two health care proposals. First, a Republican plan, then a Democratic plan, both dead on arrival. Now, if Congress can't agree on a plan, monthly health care premiums will more than double on average for some 22 million Americans as Obamacare subsidies expire at the end of the month.Many of those Americans will simply no longer be able to afford health care. While this is on its face a fight between Democrats and Republicans and the specifics of a plan in Congress right now ...

Core Insights - The concept of "childhood home" is evolving, with more young adults (34 and under) choosing to live at home, increasing by 1.5 million in the last decade [1] - The trend is particularly pronounced in states like California, Texas, and Florida, driven by a housing crisis that makes it difficult for young people to afford rent or home purchases [2] - A significant number of adult children living at home contribute nothing to household expenses, with 61% of them providing $0, while parents are financially supporting their grown children at an average of $1,384 per month [5][6] Housing and Financial Context - The median rent in the U.S. reached $1,743 in November, making living at home a financially attractive option for young adults [3] - Parents who charge their adult children rent can offer a favorable deal compared to market rates, while also focusing on their own financial security for retirement [3] - The financial burden on parents is evident, as they are only saving $609 per month for retirement, which is less than half of what they spend on their adult children [6] Societal Implications - The dynamic of adult children living at home can be mutually beneficial, allowing parents to assist their children in saving money while also addressing their own financial needs [3] - Concerns are rising among parents, with nearly 25% fearing that their children will remain financially dependent on them for an extended period [6] - Young adults face significant challenges, including rising inflation and student debt, which contribute to their decision to live at home [7]

Core Viewpoint - The proposal for a 50-year mortgage by President Trump, likened to FDR's introduction of the 30-year mortgage, faces significant criticism from various stakeholders, including mortgage brokers, economists, and even members of Trump's own party [1][2]. Group 1: Proposal Details - The 50-year mortgage aims to provide lower monthly payments for homebuyers, but experts warn that it could lead to higher overall costs due to extended payment periods and potentially higher interest rates [3]. - While the 50-year term may reduce monthly payments by a few hundred dollars compared to a standard 30-year loan, it could result in tens of thousands more in interest over time and slower equity accumulation [4]. Group 2: Reactions and Criticism - The proposal has been met with backlash from various political figures, including Republican Congresswoman Marjorie Taylor Greene, who argues that it would ultimately benefit banks and lenders while keeping homeowners in debt for life [5]. - Reports indicate that some White House staffers are attributing the idea to Federal Housing Finance Agency Director Bill Pulte, leading to frustration among business leaders and Trump's allies [5].

Housing Market Analysis - Home prices are expected to decrease if local governments increase housing supply [1] - Mortgage rates are projected to decline when the Federal Reserve reduces interest rates [1] Policy Implication - Addressing the housing crisis can be achieved by increasing housing supply and lowering interest rates [1]

Housing Affordability - Bristol is now less affordable for renters than most parts of London [1] Housing Crisis - The figures highlight the extent of Britain's housing crisis [1]

Core Argument - The current real estate system prioritizes profit over social and ecological values, leading to unnecessary demolition and new construction [4][5][15] - This system is fueled by a legal framework that favors new construction through tax incentives, subsidies, and building codes, making renovation less profitable and more difficult [19] - A shift in perspective is needed to recognize the inherent value in existing buildings and prioritize renovation and transformation [21][30] Problem Statement - Every minute in Europe, a house is demolished, not by natural disasters, but by human hands, driven by real estate speculation [2][3] - By 2050, Europe will demolish 2 billion square meters of space, enough to house 50 million people, exacerbating the housing crisis [12][13] - The building sector is a major contributor to CO2 emissions (38%) and waste production (36%), significantly impacting the environment [14][15] Proposed Solution - Advocate for new laws and policies that make renovation and transformation the new norm, creating a social, ecological, and economic alternative to demolition [32] - Focus on renovating existing buildings, recognizing the social and ecological value they hold, and acknowledging the energy and resources already invested in them [22][31] - Implement innovative renovation techniques, such as prefabricated elements, to improve living conditions, reduce costs, and minimize disruption to residents [24][25][26] Supporting Evidence - Lacaton & Vassal's renovation project in Bordeaux, France, transformed 530 apartments while residents remained in their homes, demonstrating a viable alternative to demolition [23][24] - The Bordeaux renovation cost €55,000 per apartment, a third of the cost of a standard new apartment (€165,000), while also providing winter gardens and improved living conditions [26] - The renovation process took only two weeks to improve each resident's life, cut down heating bills, and boost local businesses [26]

and their markets have seen a big rebound in stock markets in the past three months. The Shanghai Composite up nearly 9%, the FXI ETF up more than 15%, the KWEB Internet ETF up about that amount as well. Joining us now is Brendan Ahern.He's the chief investment officer at Crane Shares. Brendan, bring us up to speed. I mean you might have heard a little bit of that discussion about um sort of the future of some companies like Apple in China but more specifically amid rumors swirling about the health of Xiinp ...

New York City had this mayor's race, right. Uh the winner here is an AOC style Democratic socialist. Uh you've had your you in the primary. You've had your battles with various folks.You talk about what's wability and and what's a good campaign message. A lot of folks outside of New York are watching the race. There's a lot of different views of it.Inside New York, a big part of the message was populism, affordability, uh make this city livable for everybody. again uh a lot of people found that to be an upl ...

Housing Affordability Crisis - The rising cost of living, particularly housing, is a crucial problem across America [2] - The median home price in America is $426,600, six times the average annual income [2] - In New York City in 2024, the median home price was $785,000 [2] - Renters across the US are paying over $1,600 per month, while in New York, a two-bedroom apartment averages $5,560, a 175% jump in the last year [2] - New York City has a record low vacancy rate of 14%, indicating a housing emergency [2] - For the bottom 60% of US households, a minimum quality of life is out of reach [3][13] Proposed Solutions and Political Implications - Zoron Mandani won the Democratic primary for New York City mayor by focusing on affordability, promising rent freezes, tripled affordable housing, free buses, and free childcare [1][2] - The government needs to play a role in ensuring affordable housing [11] - Building affordable housing is essential, contrasting with luxury units that remain dormant [8] - Addressing housing affordability can improve life expectancy [15][17]