The Money Slant

Buying a Home in 2025: Market Trends, Interest Rates, and Key Considerations

Buying a Home in 2025 - interest rates & challenges

Purchasing a home in 2025 comes with unique challenges and opportunities. The housing market has been under pressure for years, with high prices, elevated interest rates, and low inventory creating hurdles for buyers. However, as we move through 2025, there are signs of change that could impact your decision to buy. This article explores key considerations for buying a home this year, including market trends, interest rates, and practical steps to make the process smoother. Additionally, we’ll highlight how these factors influence your purchasing strategy, helping you make an informed choice.

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The Trouble with Trillions of Talent

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Newly reelected President Trump (2025) wants to appoint Elon Musk and another billionaire, whose name I keep thinking is Rathersmarmy. I keep visualizing Rathersmarmy with a smile about eight shades brighter than any normal set of choppers.  These two billionaires will be heading (if this department is approved) DOGE, (Department of Government Efficiency) a proposed government agency that will examine other government agencies and eliminate government waste. It is true that government agencies often have overlapping jurisdictions, and those would be a prime target for elimination. My question is:  Do Musk and Rathersmarmy really understand the workings of the government of the United States? How many Political Science classes have they taken, that would explain just how the government of the United States functions?

For example, the federal Department of Education handed out $234.6 billion dollars during the 2021-2022 academic year.  According to USA Today, unpaid student loans equal $1.74 trillion with 92% being federal student loan debt. President Biden tried several times to get the votes of those citizens by forgiving most of that debt, but failed in spite of several attempts to increase the federal deficit by trillions when it was all over. Not to throw out too many numbers here, but college enrollment has declined since 2010, with public colleges declining by 15.1%.  Perhaps the federal Department of Education could use some attention.

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Philanthropists Plotting Public Plunder

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In 1916, part of the federal tax code included an “oil depletion allowance” which “in American (US) tax law is an allowance claimable by anyone with an economic interest in a mineral deposit or standing timber. The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.” This is, in simpler terms, the ability to write off profits (in other words, they are not considered taxable income) because the asset that is generating you money (also called revenue) but is, as an asset, growing smaller and smaller.

Since your oil well will eventually run dry, you can deduct a certain amount of income that it generates, because your oil well won’t last forever.  Big Oil takes and is allowed to keep 23% of their profits, as they are not taxable under the Depletion Allowance Tax law. Wouldn’t you love to keep the top 23% of your income as non-taxable? According to Mother Jones magazine, Big Oil and the petrochemical industry have shielded $470 billion from being taxed since 2014 using this tax deduction. Nice work if you can get it.

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After the Crash – What’s next for Crypto

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After the Crash - Crypto Price Chart - Slanted Media - Independent News

The recent crypto market crash has the markings of the 2008 Global Financial Crisis and had FTX fallout written all over it.

So, what role did FTX have in the 2022 crypto crash?

FTX’s bankruptcy, following a spat with Binance, resulted in a massive sell-off. This sliced the lion’s share off the cryptocurrency market liquidity. The consequences were dire. But what happened with FTX?

While the buyout of FTX was all set, Binance chose to walk away from the deal. This stunned the investors and caused one of the biggest crypto market stumbles. The failed deal led to a high level of skepticism and distrust in the market as questions about the survival of other cryptocurrency businesses amplified.

FTX’s bankruptcy filing resulted in many investors having their assets frozen. According to The U.S. Commodities Futures Trading Commission (CFTC), the missing FTX customer funds are over $8 billion.

So, is the crypto winter just a temporary setback, or is it the beginning of the end of digital currencies?

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Innovators, Investments and Insurance – Bank Challenges in 2023

SVB Bank failure - slanted online - independent news

Money and Banking is a required economics course in most business colleges.   Banks were a large problem with the Great Depression (1929 to 1938 to those of you who didn’t pay attention in history class).  There was a great economic downturn again in 2008,or, as it is called, “The Great Recession.”  Fast forward to 2023, and the sixteenth largest bank in the U.S., the Silicon Valley Bank failed, (from here on referred to as SVB) with a considerable amount of help from Twitter, which influenced a great number of depositors to withdraw their money from SVB. The Silicon Valley millionaires have great belief in their inventions, but apparently little belief in the bank that helped them get wealthy. According to The Wall Street Journal of March 17, 2023: “It is now apparent that the ruination of this 40-year-old institution was, in a sense, an inside job, initiated by the very startups and investors who had previously been so devoted to it.”

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Sellers Beware! Avoid the “Tech Only” Realtor

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As the housing market begins to melt a bit, you may find yourself in the market to hire a real estate agent.  Beware!  There is a new predator slithering along the real estate industry’s jungle floor:  the tech realtor.

A growing pack of techie millennials have apparently decided that selling and buying real estate can and should be done almost entirely from their laptops!  Most have full time jobs as IT administrators and imagine that selling real estate should be just another side hustle, a part time gig, an easy way to make a few extra bucks.  

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Suits, Ties and Tech Titans

It seemed to start with Steve Jobs. Jobs wore black turtlenecks when he was presenting new ideas to the Apple bureaucracy, as well as the general public. Many a medical expert has claimed that Mr. Jobs could have lived considerably longer, and possibly even enjoyed his billions for a few more years had he taken the right measures to address his cancer. But we’ve all failed in some respect, it is just that being a billionaire makes everyone examine your life with microscopes and make judgements. The world is full of Monday morning quarterbacks, yours truly included at least to some degree.

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The Fed’s Fiduciary Fumble

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The Covid pandemic created a lot of economic changes. Privileged employees who taunt their employers and claim they will never return to their office. Wages moved up because of a lack of talent. (“Talent” is human resource jargon for employees.) Members of the U.S. Congress made high-yielding stock purchases because of inside information, and now dare their constituents to try to make such inside information trades illegal while they waive their gains in the face of their electorates.

Some information before we continue. There is a public organization called the Federal Reserve System. No, wait, it is a private organization. No, wait, the Fed, as it is called, is, um, both. Owned by the banks (big ones, naturally) the Fed is a privately held public organization, and don’t you dare ask the names of those banks. After all, knowing the names of those banks would open to public scrutiny decisions about interest rates charged to the public, and we just can’t have that, now can we? After all, private organizations that have a vested interest in public policy deserve their privacy, now don’t they? If only they were on Facebook, then we could buy all of their personal information, but no, they have far too much money for that to happen.

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Wrecking the Refund Reckoning

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The student debt problem remains, but there are always options.  Senator Bernie Sanders, I-Vt., Reps. Alexandria Ocasio-Cortez, D-N.Y.,  Maxine Waters, D-Calif. and Senator Elizabeth Warren, like spoiled children who can’t get what they want the fair and proven legislative way, will create a workaround. The aforementioned representatives are suggesting, or, even insisting, that President Biden achieve what they cannot accomplish via legislation by issuing an executive order relieving millions from their student debt.  An executive order would be a great boon (in the way of votes) for the Democrats who pushed for it. Look for such a move close to the election, where it will be firmly in the minds of voters.

To quote Senator Elizabeth Warren: “Student loan debt is crushing millions, especially during this pandemic. It’s an anchor dragging down our struggling economy.” So adding trillions to the government debt will be a good economic move?

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The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

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by Jesse Eisinger, Jeff Ernsthausen and Paul Kiel

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.Series: The Secret IRS Files Inside the Tax Records of the .001%

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

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Covid’s Collateral Contamination

For many Americans, the Covid-19 pandemic is becoming a life-changing event. As millions of jobs openings go unfilled, thousands, if not millions of American workers are quitting their jobs and seeking more rewarding opportunities; some of the workers claim that they are striking out on their own to start a business. As marketing classes taught those of us who went to business college, “find a need, fill it.” Business college also taught how to evaluate a market as well as determine what to charge your clients. A few numbers for the quitters to consider: Fifty percent of new businesses close within five years, and lack of management experience is the number one reason that small businesses fail.

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The Mindset of Our Mythical Meritocracy

In a very disturbing article by Noah Smith in “Bloomberg Opinion,” Smith seems to be of the mind described in the article’s title, “Too Many of America’s Smartest Waste Their Talents.” Smith cites a lawsuit by a group of students who call themselves Students for Fair Admissions, the lawsuit alleging that Harvard University used “highly subjective personality ratings to penalize Asian applicants.” By definition, subjective means “based on or influenced by personal feelings, tastes or opinions.” Welcome to the world, Students for Fair Admissions.

One of the most painful lessons of Life is that your accomplishments might mean nothing to someone making a decision to give you an opportunity, but if it is any consolation, they will tell you how much you impressed them in the rejection email they send you.  

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Just Some Thoughts About Just In Time

For the past decades, corporations such as Toyota, General Motors, Walmart, and others have practiced a supply chain blueprint called Just In Time. The Covid-19 pandemic has changed many things, and the Just In Time practice (which will be referred to as JIT in this article) is one of them.

JIT began with Toyota, manufacturing automobiles. The JIT supply chain model is where the assembly plant receives the parts for the automobile in a manner that is just in time, that is to say, the delivery of parts comes just when needed, and the parts are used in the assembly of the automobile within hours.

Just in Time Manufacturing

The JIT model saved millions (some say billions, but whenever I asked them to show me the actual figures, they declined) of dollars in warehousing parts as well as the managers and personnel required to maintain those warehouses. Thousands of parts all arrive and within just a few hours they are assembled into the finished automobile.

The JIT model became a blueprint for logistics managers all across many industries. I dare say that many of these JIT-educated managers never managed a fleet of a trucks, never handled crates on a forklift, or tackled a complex assembly process by hand on the factory floor.  

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The College Credit Conundrum

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The CARES Act, Public Law No: 116-136 (03/27/2020) aka the Coronavirus Aid, Relief, and Economic Security Act allows student loan borrowers to defer payments without accruing interest from September 2020 to October of 2021. The balances, or the total loan debt, will not increase in that time frame. As of the fourth quarter of 2020, none of more than half of the federal student loans totaling $1.6 trillion will be required to be paid back. Twenty-two million citizens who borrowed money from the federal government for college won’t be making an average payment of $400 a month .The interest that has been cancelled by the CARES Act totals $5 billion per month, with a total projected to be $90 billion. The taxpayers are footing that bill, all while the debt of the United States climbs to record highs.

Student Loan Forgiveness
Senator Elizabeth Warren (D-MA)

In the meantime, Senator Elizabeth Warren is asking President Biden to cancel $50,000 per student of their loan debts. The request is for President Biden to just cancel the debts, by presidential order. The prevalence of our “cancel culture” means whatever anyone wants is now just a presidential declaration away. As former White House Chief of Staff Rahm Emmanuel said, “never let a serious crisis go to waste.”

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The Mortality of the Meritocracy Mentality

*Who is the luckiest person you have ever met or known? Were they all wealthy, or did they have some other sources of satisfaction with their lives, be it love, family, religion, other than being filthy rich?

Clifton Mark, in an article on the website Aeon, closed a disappointing essay on meritocracy with the following:  “Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal. It’s false, and believing in it encourages selfishness, discrimination and indifference to the plight of the unfortunate.”

My first question would be: Don’t those people who were born into wealth, sent to expensive private schools (fully stocked with legacies), and who then take positions in organizations where legacies are the rule and not the exception, also have a considerable amount of selfishness, discrimination and indifference to the plight of the unfortunate? Why stop with meritocracy? Aristocrats have a long history of a callus disregard for those less fortunate than themselves.

The prevalence of the term “privileged” used to epitomize a generation that regards hard work as pointless is approaching its maximum; Mr. Mark is preaching to the choir of the privileged generation, who are dyspathetic to hard work of any kind. Keep Reading

Federal Government Fails to Properly Vet Candidates

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*The efficiency of government depends on human capital and that means hiring the right people. The federal hiring process is lengthy, and while background checks and steps in the hiring process currently in place seem to be sufficient, bad actors still get through.

Modernizing the hiring process to include more nascent, emerging, credential verification technologies is needed. This is not just to prevent wasted resources spent on hiring the wrong candidates, but can prevent national security threats by instituting modern credential verification processes. Modern technologies can go a long way to protect our country from bad actors, while saving the federal government a lot of money by preventing bad hires.

The Cost of Fraud

In just the recent history, the 2019 college admissions scandal, nicknamed Operation Varsity Blues, rocked the nation when it exposed a criminal conspiracy to influence admissions decisions at several top American universities. It was disclosed on March 12, 2019, by US federal prosecutors. At least 51 people are alleged to have been part of the scandal for paying more than $25 million over several years to bribe college officials, fraudulently inflating entrance exam test scores, athletic abilities and so forth. Keep Reading

Tumblr’s Tumultuous Tumble

*David Karp, the founder of Tumblr, didn’t invent Tumblr. According to Business Insider: “In March 2005, a 17-year-old German high school student named Chris Neukirchen invented this tumblelog system, specifically for super-short blogging.” Karp is in no way guilty of purloining the software, as demonstrated, again, by Business Insider: “It’s important to point out that Karp didn’t ‘steal’ Tumblr. His format was new and advanced the short-form blogging format in several ways.”

Lots of good ideas are started, and then someone takes the idea to a higher level. Andrew Carnegie didn’t invent steel, Henry Ford didn’t invent the automobile, but both became wealthy by capitalizing on an existing idea. Originally, the internet was a way for scientists to communicate with one another. Look where it has gone. Keep Reading

College Cash Calamity

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*As the French say: “Those that profit from crime are guilty of it.” Your parents slid $50k to a university official and got you in to the college of your dreams. Some of the parents had people doctor their children’s SAT tests so that the higher score would smooth their way to getting into an elite college.  One of the “internet sensation” applicants spoke of the excitement of “game days” and “parties” and, for some strange reason, never mentioned long hours in the library researching hypnotic age regression, poring over financial reports to find the best company for which to write a paper, or going to the math lab for help with calculus.

Ah, college, all of the great memories; not having money, driving and older car hoping it doesn’t break down, lack of sleep, staying up late for tests the next day, the pressure of exam week, and all for the reward of letters and emails of rejection. They’re glad you got that degree, not that it means anything to them, mind you. Well worth it. Keep Reading

Automation’s Animus Against the Affluent

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*It has come to pass, that AI (Artificial Intelligence) and robotics (the word robot comes from the Russian language, meaning work) are moving ahead as fast as they can be built. AI and robotics are inseparable, presenting a one-two punch to anyone who gets in its way, or, in the way of the people who are creating it.

AI, robotics, the internet and the global economy, a synergistic economy-changing juggernaut, have made things very good for some and quite painful for others. As the unions in the U.S. declined, the wages of the non-union employees fell, as when there were unions they lifted all wages as workers tried to get a job at the union shop and the non-union employers had to compete with employers paying union wages. Why couldn’t the unions embrace the internet? Why couldn’t the unions organize around programmers and coders?

Unions couldn’t get the attention of programmers, systems analysts, and the like, because the demand was so high that wages skyrocketed, and there weren’t many companies abusing programmers for every long, because they would just be poached by another organization where the grass was greener; their gourmet  lunch could be ordered and prepared in-house and they made, median salary, $175,000 per year at Google or $240,000 at Facebook. (Those numbers might be dated, as supplied by The Wall Street Journal some time ago.)

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Glassdoor Reviews – Miscreant Managers Mangling the Message

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*We all know that internet is teeming with liars. Conspiracy theorists and quasi-governmental “officials” claiming all kinds of things that never happened, and denying things that actually happened, in order to create doubt or encourage beliefs that will help them advance their atrocious agendas. As long as the liars stay within certain parameters, their impact is minimized and their fraudulence doesn’t affect many people. But then, not to affect many people would not serve the motives of the lying internet scoundrels. Keep Reading

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