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Fun Fact Friday 🛡️ 3/1/2024

Fun Fact Friday 🛡️ 3/1/2024

Hey Friends,
I’ve got 3 fun facts to share with you today and my weekly quote to ponder. . Enjoy your weekend!

Blessings,
Andrew

Fun Fact 1:
The interest payments on US National Debt are on pace to surpass Defense in 2024 as the 3rd largest Federal Government expenditure.  Only Social Security and Medicare are forecasted to be higher over the next decade.

Andrew Bacon Top Colorado Springs Realtor

Source: CBO, Charlie Bilello via Trevor Shakiba


Fun Fact 2:
The politics of America’s housing issues in one chart:
“People and politicians in blue states say they care deeply about the housing crisis and homelessness but keep blocking housing so both get worse. Red states simply permit loads of new homes and have no housing crisis.” -John Burn-Murdoch

Andrew Bacon Top Colorado Springs Realtor

Source: FT analysis of Building Permits Survey; US Census Bureau; Zillow. Graphic: John Burn-Murdoch / @jburnmurdoch

Commentary: In his article, John argues that “we need to stop talking about the housing crisis, and start talking about the planning/permitting crisis, because it’s all downstream from that”. Click HERE or the chart above for the article.


Fun Fact 3:
All three Case-Shiller Indexes (10 City, 20 City and National) are currently at their all-time nominal highs. For reference, the 10 City (tracked since 1987) are Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C. The 20 City (tracked since 2000) are the addition of Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa.

Andrew Bacon Top Colorado Springs Realtor

Source: VettaFi; Advisor Perspectives via @LoganMohtashami


Quote I’m pondering:

“Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” -John Adams

 

 

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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.

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Andrew Bacon

I love helping people succeed. Being both professional and extremely personal, I love investing in my family, friends, neighbors, clients and community. Providing both peace and value to my clients is the driver of my real estate career.

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