The median age of a homebuyer right now is 59, and even for a first-time homebuyer, it’s 40. Nobody really wants to be in debt until they die.
TAP
Posted inTAP
Affordable Trump
His belated effort to address the cost-of-living crisis is a repudiation of his own core policies and a gift to progressives.
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Collateral Damage From the Epstein Files: Larry Summers
It’s long past time to jettison Summers as hopelessly contaminated. But there are far more serious reasons to dump Summers than his gross connections with Jeffrey Epstein.
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The Shutdown’s End as a Republican Victory? No Way.
The shutdown enabled the Democrats to highlight the Republicans’ withdrawal of health coverage from millions of Americans, and Trump’s withholding food stamps—while he was praising himself for building a ballroom and rebuilding the Lincoln bathroom—only accelerated his descent in the polls.
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A Blessing in Disguise?
The Republicans now own the reopening of the government on Trump’s terms, and they have a real problem when it comes to the cost crisis. Whether that helps the Democrats depends entirely on how the Democrats play it.
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Israel Considers Instituting a Death Penalty for Palestinians—but Not for Jews
The bill, which would impose a mandatory death penalty on Palestinians who kill Jewish Israelis, was introduced by the far-right Jewish Power party, and a sizable minority of Knesset members backed the legislation.
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The Wave Election and the Politics of Shutdown
The most remarkable thing about Tuesday’s election was not just the Democratic sweep but how normally it went off. Republicans are now fracturing, and Democrats, almost in spite of themselves, are united.
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The End of the Pre-Trump 21st Century
This week brought down the curtain on the initial, pre-Trump years of the 21st century, with the death of Dick Cheney and, today, Nancy Pelosi’s announcement that this would be her final term in Congress.
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Supreme Court Poised to Defy Trump on Tariffs
Most of the conservative justices seemed skeptical of the argument that the International Economic Emergency Powers Act, which allows a president in an emergency to “regulate importation and exportation,” confers worldwide, unlimited tariff authority.
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The Anti-Mamdani Editorials, Considered
Perhaps the most recurrent theme in the major newspapers’ criticism was that Mamdani’s proposed 2 percent tax hike on that share of a taxpayer’s yearly income that exceeds $1 million would lead to mass millionaire flight from New York.
