The lion kingdom was pleased that median rent crossed $1,527.  As difficult as the last 20 years have been, lions have historically paid roughly the same as the nationwide rent.  Nationwide rent is now far higher than it was in Calif* 10 years ago & nationwide houses are higher than Calif* 20 years ago.  There was never a decline of Calif* prices, but there was an increase everywhere else.


There's no deal to be had by moving out of Calif* like there might have been 10 years ago.  The gap has been narrowing, despite jobs being persistently concentrated in just Calif*.  You have to own a house to preserve any wealth.


On the 6th day after the fed tantrum, the talking heads headed out in force & the stonk market finally bounced.  "Still have a long way to go on recovery" "inflation is temporary" "Economic conditions have not progressed enough"  Damage controlled.


Watching the Goo tubes nowadays either makes you want to spend a lot of money to be like the millennial & famous or it makes you feel really poor.  It's definitely not going to make you feel rich.  


When was the last time lions drank from a straw?  







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