I don’t want to live in the past (which can’t be changed, anyway), but I don’t really like the glimpses of the future I see. Of course, and for the nth to the n time, history is replete with examples of the folly of human beings trying to predict the future.
Well, the Z06 saga continues. Last week, the person in charge of the job informed me the parts needed to complete the work were scheduled to arrive this week. Of course, that is not to be. Yesterday, I was informed the parts will not be delivered until the last week of August.
Can you blame me for wanting to wash my hands of the whole thing and get rid of the Z06? I keep thinking about this car.
This CNBC article is about the 12 least affordable housing markets in the US. A company called RealtyHop compiled the list based on median household income in each market, median for-sale prices and local property taxes. To encourage you to read the entire article, I am only going to list the five least affordable markets.
2. Los Angeles
3. New York
4. Newark, New Jersey
5. Hialeah, Florida
Yes, the median home price is higher in Los Angeles and New York than in Miami, but so is median income. In all three of those markets, the share of income needed to cover housing expenses exceeds 80% according to RealtyHop. Talk about being house poor.
Phoenix was not one of the 12 least affordable housing markets despite the recent boom in prices, although the market here is softening as I suspect it is in most of the country. Of course, it wasn’t that long ago that the 30-year fixed mortgage rate averaged about 3%. Now, it is closer to 5.5%. By the way, even the latter figure is not high by historical standards, but people born after 1985-1990 have no clue. Talk about temporal arrogance.
This post from Pro Football Talk reports that the TV ratings for a recent NFL preseason game (Seahawks-Steelers) were better than the ratings for a baseball regular season game (Yankees-Red Sox or Mariners-Rangers). Oh, the football game was televised on NFL Network which is in many fewer homes (40 million fewer, to be exact) than Fox, the network that broadcast the baseball game.
Professional football is, by far, the most popular sport in the US and college football is second. While I am not mentally salivating, I am looking forward to the return of meaningful football games on TV.
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