I bought a $140,000 mobile home in a Los Angeles neighborhood where houses cost millions
Summary
My mobile home in an expensive Los Angeles neighborhood is a great deal. Benefits, like private outdoor space and a cheap mortgage, outweigh the cons.
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Bessent's comments to Bartiromo about the Fed on Fox News:
— Nick Timiraos (@NickTimiraos) May 3, 2026
"If we think about the Powell Fed, if we think about monetary policy, ethics and supervision, they weren't great. Monetary policy, we had the worst inflation in 48 years. Ethics, we had five governors or regional bank…
“Homeowners were comfortable with their monthly costs when they bought their homes, but ‘all of a sudden, a year later or three years later, that mortgage payment jumps beyond that percentage that they had accounted for, when you add in insurance and taxes’”
— Melody Wright (@m3_melody) May 4, 2026
Here comes trouble pic.twitter.com/f0vdcvT1M5
Big four banks - CBA, NAB, Westpac & ANZ - made a profit of $16.9 bn from owner-occupier home loans in 2025. Over an average 30 yr owner-occupier mortgage these banks make nearly $229,000 in profit. Just over $11,000 in the 1st yr of a new loan, $926 each month or $214 per week.
— Barbara Pocock (@BarbaraPocock) May 4, 2026
I've spent A LOT of time with @AlexKatouzian during his tenure at QCOM. Alex brings great technological depth, experience, and insight. Can't wait to spend more time with him in his role @intel.
— Ben Bajarin (@BenBajarin) May 4, 2026
Also, excellent move to make @magicsilicon permanent CTO!
Bullish moves for…