WHEN ADNAN SABIC began looking for a home in 2023, he was shocked. The hotel executive, whose wife had just given birth to twins, could not believe how mortgage rates had rocketed. Then he found a four-bedroom house listed for $775,000 with a nice selling point. Rather than borrow at 6% and pay $4,500 a month, Mr Sabic could “assume” the seller’s mortgage, at 2.6%, and pay just $3,100.
(This is based upon a talk I gave at a recent Mises Circle meeting in San Diego.)I have lived in...
Yves here. I have to confess that I had no idea that the average age of CEOs had risen in...
Foreclosure filings across the United States have now climbed to their highest level in six years, with ATTOM reporting a...
A gas station sign displays prices in Washington, D.C., U.S., May 1, 2026.Annabelle Gordon | ReutersLower-income consumers are compensating for...
The Trump regime’s flagrant corruption and obvious irrationality beg the question, ‘Are there any rational actors in power today?’ Let’s...
On Saturday, Spirit Airlines officially shut down all operations.The announcement came after negotiations for a nine-figure government bailout fell through....
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