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The Frozen Market For Homes
The Frozen Market For Homes
Authored by Jeffrey Tucker via The Epoch Times,
Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people.
On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...
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Mar 21, 2026 / Tyler Durden
New York City Is Spending $81,000 Per Year On Each Homeless Person
New York City Is Spending $81,000 Per Year On Each Homeless Person
New York City spent about $368 million last year on services for people living on the streets, which equals roughly $81,000 per unsheltered person, according to the NY Post.
Spending through the city’s New York City Department of Homeless Services street outreach programs has increased sharply over the past several years. In 2019, the city spent about $102 million on these services, averaging around $28,000 per unsheltered individual. By the 2025 fiscal year, the average cost had risen to...
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Feb 17, 2026 / Tyler Durden
SpaceX Enters Secretive Pentagon Contest To Build Voice-Controlled Drone Swarm Tech: Report
SpaceX Enters Secretive Pentagon Contest To Build Voice-Controlled Drone Swarm Tech: Report
Last week, we asked whether Anthropic's AI tool, Claude, played a role in the kill chain during the U.S. Delta Force raid targeting Maduro last month. We've also reported on the Department of War's search for "war unicorn" startups, and what appears to us to be the early innings of the rise of dual-use technologies - from humanoid robots to drones - reshaping the modern battlefield.
A new Bloomberg report states that Elon Musk's SpaceX and its wholly owned...
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Mar 30, 2026 / Tyler Durden
White House Intervenes After Israel Closed Church Of The Holy Sepulchre Ahead Of Easter
White House Intervenes After Israel Closed Church Of The Holy Sepulchre Ahead Of Easter
Jerusalem's Church of the Holy Sepulchre was closed by Israeli authorities earlier this month after Iranian missile fragments hit Jerusalem, with restrictions also being placed on who can enter the walled old city - home to all of the most sacred religious sites.
This has resulted in outrage among Christians, however, Israeli officials have said that Al Aqsa Mosque was also closed, and limitations were placed numbers of people visiting the Western Wall - and claimed that...
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