Is South Florida’s Housing Market Too Hot?

“Ray shared data showing that workers would need to make almost $30 an hour in order to rent a standard two-bedroom apartment in the Miami area without experiencing cost burdens. As of 2021, Miami’s median hourly wage was $18.59, creating a situation where many residents are forced to spend upward of 50 percent of their incomes on housing alone. The conventional financial wisdom is that households should spend no more than 30 percent of their incomes on rent.

Already in 2019, some were sounding the alarm about Miami’s rising housing prices. One study commissioned by the housing group Miami Houses for All in collaboration with city and county officials found that Miami was the third-most expensive metropolitan area in the entire country for housing costs. The same study found that over 50 percent of households in Miami were spending more than they could afford on rents and mortgage payments.”

The $1.7 Trillion F-35 Fighter Jet Program Is About To Get More Expensive

“The GAO notes that it would be more cost-efficient to hold off on buying F-35s until they are operationally tested than it would be to pay for the aircraft now and upgrade them later.

But, of course, when did cost efficiency and the military go hand-in-hand? There’s a reason Lockheed Martin brags about building parts of the F-35 in 48 different states, and that’s not because it saves money. The F-35 has been as much an expensive make-work program for military contractors as it has been a vital part of America’s national defense—and in that regard the cost overruns and eventual upgrades might be seen as a feature rather than a bug.

Production of the F-35 fighter was originally supposed to cost about $200 billion, but the price tag has already ballooned to about twice as much. Recently, Lockheed Martin warned that supply chain issues and inflation could cause further delays and cost overruns. Monday’s GAO report confirmed that construction is running behind schedule, with about 28 percent of the 553 completed jets having been delivered late.”

Texas Gov. Abbott’s border inspections prompt Mexico to move lucrative trade link to New Mexico

“Trucks were re-routed through Santa Teresa when Abbott’s inspections snarled commercial traffic at Texas border crossings, and now Mexico has decided to move a long-planned trade railway connection worth billions of dollars from Texas to the New Mexico crossing, The Dallas Morning News reported Sunday. “We’re now not going to use Texas,” Mexican Economy Minister Tatiana Clouthier said. “We can’t leave all the eggs in one basket and be hostages to someone who wants to use trade as a political tool.””

Why Should a Drug be Illegal or Legal? Part Three: Costs and Benefits of Implementing Drug Bans: Video Sources

I used to support legalizing all drugs. Then the opioid epidemic happened. German Lopez. 2017 9 12. Vox. https://www.vox.com/policy-and-politics/2017/4/20/15328384/opioid-epidemic-drug-legalization Dopesick Reinforces These Pernicious Misconceptions About Opioids, Addiction, and Pain Treatment Jacob Sullum. 2021 11 17. Reason. Two Courts Debunk Widely Accepted Opioid

Abbott’s border policy cost the U.S. almost $9 billion in just 10 days

“Republican Texas Gov. Greg Abbott’s short-lived policy of requiring state troopers to conduct secondary inspections of trucks crossing into Texas from Mexico cost the United States almost $9 billion in just 10 days, Axios reported Tuesday.

The policy, which Abbott enacted on April 6, snarled truck traffic at the border and led to a protest by Mexican truckers that stopped trade at some major crossings. On April 15, Abbott ended the double inspections, for which he’d received withering criticism from both sides of the border and the aisle, after striking deals with the governors of the four Mexican states that border Texas.

Per Axios, Abbott implemented the policy “in response to the Biden administration’s announcement that it would lift Title 42,” a Trump-era public health policy that denied migrants entry into the United States.

An analysis by the Perryman Group showed that the U.S. lost an estimated $8.97 billion in GDP due to delays at the border, while Texas alone lost $4.23 billion.”