Lmst

US mortgage rates exceed 7% following Moody's credit rating downgrade, exacerbating housing affordability crisis amid rising home prices and widening income gap
#YonhapInfomax #MortgageRates #MoodysDowngrade #USCreditRating #HousingMarket #AffordabilityCrisis #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63915

Things I never thought I would hear in a University* classroom.

"Has everyone had breakfast this morning!? There is free food just down the hall!”

And to think contemporary politicians continue to believe tuitions can just keep rising..…

We started this pantry last year after a student fainted in the hallway.

#affordabilitycrisis #University #higherEd #EducationIsaRight #food #FreeTuition

*It's still all too common in K-12 schools.

A picture of a bookshelf with 4 shelves featuring assorted types of foot and basic supplies.

"The carbon tax that had an effect on prices of carbon intensive products - that was not making affordability worse. The average Canadian was made better off because of the rebates that were associated with the carbon tax."

#Canada #CDNPoli #BCPoli #ClimateCrisis #CostOfLivingCrisis #AffordabilityCrisis

"Never try to solve an income problem with prices. This is not a price problem. Affordability is about incomes; affordability is not about prices."

https://www.cbc.ca/player/play/video/9.6707740

#Canada #CDNPoli #BCPoli #ClimateCrisis #CostOfLivingCrisis #AffordabilityCrisis

Also there's an event in Albany, NY state, USA on 19th March 2025 about this bill or something.
Go! If you dare -- and can do so sustainably or feel is worth overextending for.

https://www.youtube.com/watch?v=JtVXUWqIYBg

#RegulateUtilities #Utilities #Energy #Electricity #CostOfLiving #AffordabilityCrisis #US #UnitedStates #USA #UnitedStatesOfAmerica #America #TurtleIsland #Heat #Cooling #Household #NewYork #NY #NewYork #NYstate

#housingCrisis #affordabilityCrisis

"The mortgage renewal shock many experts have been predicting appears to have arrived.

Mortgage delinquencies in Ontario have skyrocketed 50 per cent higher than pre-pandemic levels, and more than 11,000 mortgages in the province missed at least one payment in the fourth quarter of 2024, nearly three times the number seen in 2022."

Article archived at: https://archive.ph/M5zYL

From: The Star (paywalled) #cdnPoli #cdnPolitics #onPoli
https://www.thestar.com/business/ontario-mortgage-delinquency-rate-jumps-50-amid-growing-signs-of-high-rate-renewal-shock/article_4b4f7368-f160-11ef-b4cb-b310f0de1c6c.html?source=newsletter

👏

"Amid ‘the largest housing correction this generation has seen,’ condo developers are turning to rental construction to survive the sales slump.$

"Toronto condo developers switching to rentals as sales slump"

#housingCrisis #affordabilitycrisis
| The Star (paywalled) #onPoli
https://www.thestar.com/real-estate/the-toronto-condo-market-is-in-dire-straits-as-investors-jump-ship-but-developers-have/article_0c5c28c8-eb0b-11ef-a307-63d5804d8a05.html?source=newsletter

@bbcnewsfeed @gdinwiddie I'm sad to know how many will miss this world-shattering event because they'll be standing in line at the Food Bank.

#eatTheRich #BillionairesShouldNotExist
#affordabilityCrisis #housingCrisis

I can vouch for the fact that one totally stops hearing the subway rumble after some weeks 😂

Oops, there it goes now. Well, ok. Occasionally you'll still notice it!

#Toronto #housingCrisis #affordabilityCrisis

Bizarro.com cartoon

Realestate agent with clipboard, holding manhoke cover open "It's downtown, it's in your price range, and you can't get closer to the subway."

A couple are considering descending the ladder to check it out.

@mpjgregoire I just spotted this:

"How to Identify Misinformation in Homelessness News:

Data Disproves Most of the Myths Surrounding Homelessness.

… highlights common misconceptions, debunking myths, ex: the belief that drug addiction & mental health crises are primary causes. Instead, data shows that lack of affordable housing, unemployment, poverty, & low wages are significant contributors …"

From InvisibilePeople:
https://invisiblepeople.tv/how-to-identify-misinformation-in-homelessness-news/
#housingCrisis #affordabilityCrisis #homelessness