voucher code jilibay Dramatic change would be required to fix California’s homebuying affordability mess. My trusty spreadsheet compared home-price increases with income growth for 10 large California metropolitan areas using housing indexes by ICE, a mortgage-tech firm, and pay stats from the US Bureau of Economic Analysis. First, consider the estimated median house payment for these California metros. In 2018, payments on the typical $509,400 home purchase ran $2,020 monthly with an average 4.3% mortgage rate, assuming a 20% downpayment. That was 22% of a typical house hunter’s $109,100 income, including two earners. Then, contemplate the payment on today’s $759,500 median-priced home. The payment doubled to $4,000 monthly with 6.9% rates. The mortgage now gobbles up 32% of the $148,500 income that risen 36% in six years. So, what would it take to return this payment burden to pre-coronavirus levels? Rates would have to fall to 3.5%. Incomes would need to surge 50%.Or prices would need to drop 33%. Or some combination of the three. This lack of affordability is why one-third fewer California homes will be sold this year than in 2018. Remember that the housing market was upended by several things during the pandemic: a demand for more living space, mortgage rates under 3% and stimulus checks boosting incomes. Now let’s look at how six years of home appreciation through October contrasts with rising per-capita incomes during the six years ending in 2023. In eight of these 10 California metros, home-price gains outpaced incomes. Here’s how they ranked by the gap ... Bakersfield: 63% gains in home values compared with 29% income growth. Inland Empire: 65% home gain vs. 37% income growth. San Diego: 66% home gain vs. 39% income growth. Fresno: 60% home gain vs. 33% income growth. Ventura County: 51% home gain vs. 36% income growth. LA-OC: 50% home gain vs. 39% income growth. Sacramento: 46% home gain vs. 35% income growth. Stockton: 50% home gain vs. 45% income growth. And in two California metros, incomes beat home prices ... San Jose: 34% home gains topped by 54% income growth. San Francisco: 26% home gains topped by 46% income growth. For homebuyers, a little bit of good news: appreciation is cooling. Price gains in the 12 months ending in October were significantly smaller than the previous five-year appreciation pace in all but one of the 10 metros. San Diego saw the biggest chill, with prices rising 3.2% in the past year – down from annual average gains of 9.9% between 2018 and 2023. That is a 6.7-percentage-point cooldown. San Jose was the lone spot without a dip in appreciation. Its 5.1% year’s gain was a smidgen above the 5% yearly increases of 2018-23. Here’s how the nine other metros fared by ICE math, ranked by appreciation chill ... Inland Empire: 3.5% year’s gain vs. averaging 9.8% annual increases in 2018-23 – 6.3 points cooler. Sacramento: 1.7% year’s gain vs. 7.5% annually in 2018-23 – 5.8 points cooler. Bakersfield: 4.1% year’s gain vs. up 9.4% annually in 2018-23 – 5.3 points cooler. Stockton: 2.9% year’s gain vs. up 7.9% annually in 2018-23 – 5 points cooler. Ventura County: 3.3% year’s gain vs. up 7.9% yearly in 2018-23 – 4.7 points cooler. Fresno: 4.2% year’s gain vs. up 8.9% annually in 2018-23 – 4.7 points cooler. Los Angeles-Orange County: 3.9% year’s gain vs. up 7.7% annually in 2018-23 – 3.7 points cooler. San Francisco: 1.3% year’s gain vs. up 4.4% annually in 2018-23 – 3.1 points cooler. But smaller home price gains are by no means a cure, because “affordability” really means lowering prices. Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com Related Articles

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Wild first season in expanded Big 12 comes down to final weekendLeyton Orient will attempt to claim a second straight victory when they travel to the Brick Community Stadium for Saturday's away clash with Wigan Athletic . The O's are sitting outside the League One relegation zone on goal difference, while the hosts are just two points better off in 17th position. © Imago Wigan currently find themselves in a relegation battle, with the Latics sitting two points above the drop zone after winning five, drawing five and losing seven of their 17 league matches this season. The Latics did at least enjoy a strong end to November, recording a 1-0 away win against Barnsley before claiming a narrow 2-1 home victory against Northampton Town. Wigan then fought back from a goal down to clinch an extra-time victory in their meeting with Cambridge United in the FA Cup second round. Unfortunately for Wigan, their encouraging run of form was brought to an end in Tuesday's away clash against Huddersfield Town, with Ollie Turton scoring the only goal of the game to condemn the Latics to a narrow 1-0 defeat. Their failure to find the net in midweek demonstrated why they are the league's lowest scorers, although they can take confidence from the fact they boast the second-best record in the third tier. © Imago Leyton Orient may be hovering just above the drop zone, but they will head into the weekend in a positive mood after losing just one of their previous seven matches in all competitions. After beating Boreham Wood on penalties in the FA Cup, the O's went on to record comfortable victories over Blackpool and MK Dons in the league and EFL Trophy respectively. Leyton Orient had to settle for a point from their next two matches, before they claimed an extra-time victory in their FA Cup clash against Oldham Athletic, setting up a third-round tie against Championship side Derby County. The O's enjoyed another successful outing in Tuesday's home league game against Bristol Rovers, with Dan Happe , Ollie O'Neill and Dan Agyei all finding the net in a 3-0 victory, representing their third win in four home league matches. However, they have struggled to produce similar results in recent road trips, having taken just one point from their four away games in the third tier. © Imago Wigan midfielder Tyrese Fornah is likely to be out for around four months after undergoing ankle surgery on Monday. Dion Rankine is pushing for a starting spot after featuring as a half-time substitute in Tuesday's away defeat to Huddersfield. Callum McManaman came off the bench to play over half an hour in midweek, putting him in the frame for a place in Saturday's lineup. As for the visitors, they recently confirmed that winger Jordan Graham has ruptured the patella tendon in his left knee - the same injury which saw him miss the majority of the 2023-24 campaign. Darren Pratley will have to be assessed after he was forced off in the early stages of the 3-0 win over Bristol Rovers. Happe is also a doubt for Saturday's away trip after he picked up an injury issue in the second half of Tuesday's victory. Wigan Athletic possible starting lineup: Tickle; Sibbick, Kerr, Aimson, Robinson; Rankine, Weir, M. Smith, Aasgaard, McManaman; Taylor Leyton Orient possible starting lineup: Keeley; James, Beckles, Simpson, Currie; Ball, Brown; Forde, Sotiriou, Sinclair; Martin Wigan have won four of their previous five competitive matches against Leyton Orient, including each of their last three home encounters, and we think they will make full use of home advantage to claim another win over the O's on Saturday. For data analysis of the most likely results, scorelines and more for this match please click here .

WASHINGTON: Donald Trump’s Republicans are promising to hit the gas next year when they assume full control of the US Congress, with little to stop them from executing the president-elect’s promises to slash taxes and reorder the global trade landscape. But the $28 trillion Treasury debt market is flashing a red warning light against adding excessively to a debt load already expanding at a pace of $2 trillion a year. What is yet to be seen is whether these concerns will be enough to slow Republican lawmakers’ ambitions or push them to find offsetting savings on a tax break agenda estimated to cost nearly $8 trillion over 10 years. Markets are betting that Trump’s tax cuts and tariffs will fuel inflation as investors demand stronger returns on longer-term Treasuries. Yields on the benchmark 10-year US Treasury note have risen to 4.4 percent, up about 75 basis points since “Trump trades” began dominating Wall Street in late September. That trend is driving higher interest rates for mortgages, car loans and credit card debt, counteracting Federal Reserve rate cuts and potentially putting US growth at risk. It is also raising the cost of financing US deficits and eating up the federal budget. Interest on the public debt topped $1 trillion for the first time during the fiscal year ended Sept 30, making it the second-largest single expenditure after the Social Security retirement program. “In a weird way, the bond market is now on the verge of running this country,” said Republican Representative David Schweikert, who sits on the House of Representatives’ tax- and trade-focused Ways and Means Committee. The market signals mean there are no “blank checks” for Congress and the tax cuts will need to be paired with spending cuts, he said in an interview. “It is a hurdle in the financing of the US government.” Managing that hurdle will fall to Trump’s pick to lead the Treasury Department, hedge fund manager Scott Bessent. Bessent has argued that Trump’s economic agenda will unleash stronger economic growth that will in turn drive up revenue and boost market confidence. His appointment could also reduce the chance of severe tariffs. The budget math is daunting. Trump has promised to extend the tax cuts passed in 2017, during his first term in the White House, for individuals and small businesses that are due to expire next year, which tax experts say will add $4 trillion to the current $36 trillion in total US debt over 10 years. That’s on top of debt already forecast by the Congressional Budget Office to grow by $22 trillion over the same period, based on current laws. Trump also promised voters generous new tax breaks, including ending taxes on Social Security, overtime and tip income and restoring deductions for car loan interest. The tab is likely to reach $7.75 trillion above the CBO baseline over 10 years, according to the Committee for a Responsible Federal Budget, a non-partisan fiscal watchdog group. Concern over the bond market’s influence on Trump’s agenda is more the exception than the rule among congressional Republicans interviewed some two weeks after he won the Nov 5 presidential election and his party took control of Congress. Some fell back on the party’s long-held view that tax cuts can pay for themselves with stronger growth - a line that was used to sell Trump’s original 2017 tax cuts. Budget forecasters including the Joint Committee on Taxation have estimated that those cuts added more than $1 trillion to deficits over 10 years. An analysis of economic feedback on extending the tax cuts by the Committee for a Responsible Federal Budget found that increased growth would only offset 1 percent to 14 percent of the revenues lost directly by the cuts, leaving the bulk to be financed through borrowing. Still, Republican Senator Mike Rounds said he believed the stability and growth that will come from extending Trump’s 2017 tax cuts will allay some market concerns. “What we have to do is show them that we’re going to build an economy so that the ratio between the size of the economy and the debt changes positively in our favor,” Rounds said. Republican House Budget Committee Chairman Jodey Arrington said accelerating economic growth to more than 3 percent annually - it’s already on that pace for the third quarter - would increase revenues by $3 trillion over a decade, but that additional spending cuts would be needed. Rising bond market yields were “a motivating factor to rein in deficit spending,” he said. Arrington and fellow Republican Representative Joe Wilson said they were hopeful the non-government panel led by billionaire Tesla and SpaceX CEO Elon Musk and former presidential candidate Vivek Ramaswamy would be able to find ways to cut the budget, including on “mandatory spending” programs other than Social Security and the Medicare health insurance program for the elderly, which Trump has vowed to preserve. “With Elon Musk I think we have a real opportunity to actually identify waste and cut things that can be cut,” Wilson said. A key target is rescinding Democratic President Joe Biden’s clean energy subsidies, estimated by the CBO to cost nearly $800 billion over 10 years, and some $60 billion in funds to modernize the Internal Revenue Service, although that would expand deficits in the long run by curbing audits. Republicans in the new year will likely rely on budget procedures that bypass Senate rules requiring 60 of the 100 members in the chamber to agree on most legislation to pass Trump’s tax agenda with a simple majority. Republican Senator Mike Crapo, the incoming chairman of the Senate Finance Committee, said it was too early to determine which tax policies would be included in initial legislation, adding that there was market “misinterpretation of what Trump is doing or going to do.” “A lot of people are saying, well, which tax policies are you going to do?” Crapo said. “And the answer to that is, the ones that we figure out are the right ones.” Former President Bill Clinton’s political strategist James Carville famously said in 1993 that he wanted to be reincarnated as the bond market, because “you can intimidate everybody.” If Congress’ moves signal too big of a deficit hike, some market analysts are concerned that excess debt issuance will cause market indigestion that drives up yields sharply. “One can’t exclude the risk that trust in US economic policymaking might be lost, the bond vigilantes could come out in full force and pressure rates significantly higher, and the US and global economies could be badly shaken,” said Mark Sobel, a former US Treasury official who is now the US chairman at the Official Monetary and Financial Institutions Forum, a think tank. Nathan Thooft, chief investment officer and senior portfolio manager for Manulife Investment Management, said Congress and Trump’s administration will likely adjust course based on market reactions. “They will react to incoming feedback as it comes,” Thooft said. “Dollar gets too strong, they’re probably going to back away a little bit. Equity markets act up too much, they might back away a little bit. They care about these things.” — ReutersJulen Lopetegui says West Ham were worthy winners at Newcastle

NoneShiver Cast: Iman Vellani Lands First Non-Marvel Movie With Greg Kinnear & More By After starring in last year’s , MCU breakout has finally found her next major movie project in the form of , the upcoming adaptation of Maggie Stiefvater’s bestselling YA fantasy novel. This serves as Vellani’s first non-Marvel project, after over two years since her acting debut in Disney+’s Ms. Marvel series. Who is in the Shiver cast? Besides Vellani, (As Good As It Gets), (The Hunger Games), Sofia Wylie (High School Musical: The Musical Series), Ross Butler (Shazam! Fury of the Gods), Alicia Witt (Longlegs), and Lyon Daniels (The Spiderwick Chronicles) have also joined the Shiver cast, which will be led by Maddie Ziegler (My Old Ass) and Levi Miller (Kraven the Hunter). Further details about their respective characters are still being kept under wraps. The film is being directed by Claire McCarthy from a screenplay written by McCarthy and Jett Tattersall. It is produced by Ziegler, Addam Bramich, Ryan Hamilton, Volodymyr Artemenko, and Jeanette Volturno, with Anna Todd set as an executive producer. It is a production by Simple House Films and CatchLight Studios. At the moment, the cast and crew are now in production in Vancouver, Canada. Sign-up today for access to Disney+, Hulu, and ESPN+ “Shiver follows Grace, who was attacked by a pack of wolves as a child. However, one of them—a yellow-eyed wolf — saved her, creating an inexplicable bond between them,” reads the official synopsis (via ). “Years later, she meets a young man named Sam with the exact same yellow eyes and immediately feels a connection to him. Their love story unfolds against the backdrop of mystical events, mysterious disappearances, and intrigues that reveal to Grace the true nature of Sam and his connection to the wolves. At the same time, as winter approaches, Sam must fight to hold on to his humanity — or risk losing himself, and Grace, forever.” Maggie Dela Paz has been writing about the movie and TV industry for more than four years now. Besides being a fan of coming-of-age films and shows, she also enjoys watching K-Dramas and listening to her favorite K-Pop groups. Her current TV obsessions right now are FX’s The Bear and the popular anime My Hero Academia. Share article

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A wild first season of the expanded Big 12 is down to what should be a chaotic final weekend. Through all the upsets, unexpected rises and falls, there are nine teams still in the mix to play in the conference championship game. No. 14 Arizona State and No. 17 Iowa State have the best odds, yet a multitude of scenarios could play out — 256 to be exact. There's even the possibility of an eight-team tie. It may take a mathematician to figure out which teams are in the Dec. 7 game in Arlington, Texas — even for the ones who win. Star power Travis Hunter, Colorado. The Buffaloes' two-way star has excelled on both sides of the field, making him one of the favorites to win the Heisman Trophy. Cam Skattebo, Arizona State. The senior running back can do a little of everything, but excels at punishing would-be tacklers. He's one of the nation's leaders in yards after contact and the focal point of the Sun Devils' offense. Shadeur Sanders, Colorado. If it weren't for Hunter, Sanders might be the Heisman favorite. The son of coach Deion Sanders, Shedeur is fifth nationally with 3,488 yards passing and has been a big part of the Buffaloes' turnaround. DJ Giddens, Kansas State. The Wildcats' running back is one of the nation's most versatile players. He is ninth nationally with 1,271 rushing yards and has added 21 receptions for 258 yards. Tetairoa McMillan, Arizona. The Wildcats have struggled this season, but McMillan has not. He is third nationally with 1,251 receiving yards with seven touchdowns on 78 catches. Jacob Rodriguez, Texas Tech. The Red Raiders' junior linebacker leads the Big 12 with 68 tackles, averaging 10.2 per game. He also has four sacks. Brendan Mott, Kansas State. He's a menace to opposing quarterbacks, leading the Big 12 with 8 1/2 sacks. Going bowling The Big 12 has nine teams already bowl eligible and two more a win away. The winner of the Big 12 championship game will be in the mix for a College Football Playoff spot. Arizona State, Iowa State, No. 19 BYU, Colorado, Kansas State, Baylor, TCU, Texas Tech and West Virginia have already clinched bowl berths. Kansas and Cincinnati can get into the postseason with wins this weekend. Hot seats Gus Malzahn, UCF. Despite successes in recruiting, the Knights are 10-14 in two seasons since moving to the Big 12. Maybe not enough to get shown the door this year, but another mediocre season could lead UCF to make a change. Kyle Whittingham, Utah. Whittingham was one of the Pac-12's best coaches, leading the Utes to consecutive conference titles. Utah was expected to contend for the Big 12 title its first year in the league, but enters the final weekend 1-7 in conference play, which could push Whittingham toward retirement since it's doubtful he'd be fired. Neal Brown, West Virginia. The Mountaineers' coach was in a precarious spot at the end of last season and West Virginia hasn't lived up to expectations this season. The Mountaineers are eligible to go to a bowl game for the second straight season, but Brown could be on the hot seat even after signing a contract extension before the season. Youth movement Josiah Trotter, West Virginia. The redshirt freshman is the latest Trotter to have success at the linebacker position, following the footsteps of his father, former Philadelphia Eagles player Jeremiah Trotter, and brother Jeremiah Trotter Jr., a current Eagles linebacker. Sam Leavitt, Arizona State. The Michigan State transfer has been just what the Sun Devils' needed: an agile quarterback who extends plays with his legs and rarely makes bad decisions. Bryson Washington, Baylor. The Bears' running back has rushed for 812 yards — 196 against TCU — and 10 TDs. Recruiting watch TCU has the Big 12's highest rated 2025 recruiting class with six four-star players among 26 commitments, according to the 247 Sports composite. Receiver Terry Shelton of Carrollton, Texas, is the highest-rated recruit at 71st nationally. Baylor is next with five five-star players among its 20 commitments, including running back Michael Turner, rated 13th at his position out of North Richland Hills, Texas. Texas Tech is ranked seventh in the Big 12, but has four four-star recruits.