BREAKING: President Biden is calling on Congress to give middle-class first-time homebuyers a $10,000 tax credit to help lower their monthly mortgage costs.
Fewer than 5% of New York City apartments were affordable for the average local worker last year. per Bloomberg.
New Yorkers earned on average $89,000 last year, meaning they could afford up to $2,216 per month on housing without spending more than 30% of their income.
For the first time in 2 years, there’s no major American metro where home prices are falling, per Redfin.
Nationwide, the median sale price rose to a near-record $383,188, up 4.8% year over year. Median monthly housing payment is at a record $2,890, up 15% year over year.
63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board
OC The Web is Indeed Being Looted by Corporate Fat Cats
Ed Zitron posted another solid article on the state of the web that I think belongs here....