🏠 The housing situation

and making money online IV

Good morning investors!

Fun fact: National prices overall for one- and two-bedroom apartments are up 1.5% and 2.1%, respectively, since June 2023.

Today we cover:

  • The US rental situation

  • Boeing still in trouble

  • Making money online

📊 Economy and News 

The US rental market – how it’s changing

It is not easy to rent in the US, but if you know the right states, you could save a lot of money.

Asking rents for one- and two-bedroom apartments are up more than 10% in some large U.S. cities since June 2023.

Renters in Syracuse, New York, are the most affected. Rents for one- and two-bedroom apartments in the city jumped the most relative to other big cities: by 29% and 25%, respectively, since June 2023. In fact, New York is the most expensive metro for renters: The typical renter pays $4,300 a month for a one-bedroom apartment.

By comparison, in Akron, Ohio, and Wichita, Kansas — which tied for the lowest big-city rents — renters pay $730 a month for a one-bedroom apartment.

Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metro, including Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City.

Conversely, renters in other cities are seeing relief.

Asking rents for one-bedroom apartments have declined by at least 5% in Oakland, California; Memphis and Chattanooga, Tennessee; Cincinnati, Ohio; Colorado Springs, Colorado; Irving, Texas; Jacksonville, Florida; and Raleigh, Greensboro and Durham, North Carolina.

Global hits:

Also, world’s first carbon tax on livestock will cost farmers $100 per cow

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Home sales fell: Sales of newly built homes dropped last month as mortgage rates remained elevated.

New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since September 2022 and marks the lowest level since November.

May’s level was below the 647,500 economists projected in a FactSet poll.

Look here: The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows.

📈 Stocks

S&P 500 5,477.90 (+0.16%)
DJIA 39,127.80 (+0.040%)
NASDAQ 17,805.16 (+0.49%)
BRENT CRUDE 85.25 (+0.24%)
* Prices as of Jun 27th, 12:20 AM UTC

Boeing knew it was wrong, claims whistleblower

A whistleblower has alleged parts of Boeing’s 787 Dreamliner planes were built in an unsafe manner – potentially leading to “devastating consequences.”

Richard Cuevas, a mechanic at Strom, a contractor for Boeing manufacturing partner Spirit Aerosystems, claims that he witnessed holes that were improperly drilled into the forward pressure bulkheads of 787 planes at Spirit’s Wichita, Kansas, facility in 2023.

Cuevas claims that he filed a complaint in October 2023 to Boeing and Spirit about “substandard manufacturing and maintenance processes” he witnessed, and was fired just a few months later.

Boeing said it had previously investigated Cuevas’ allegations and they did not pose a safety problem.

The stock went up +1.94% yesterday but is down -29.10% YTD.

Also check: Levi’s shares drop 10% as denim maker’s sales disappoint. On the other hand, Micron Q3 results beats estimates on AI-led memory chip demand; guidance in-line. However, the stock fell -8% after the bell.

Exciting: Amazon crossed $2 trillion in market cap during intraday trading on Wednesday, reaching the milestone for the first time and joining other tech heavyweights such as Nvidia, Apple, Amazon and Microsoft, all of which have crossed a $2 trillion market capitalization.

The company is also in the news for planning to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China.

💵 Personal Finance

Make Money Online – Part IV

Liked yesterday’s issue? Here is another great way to make money from home.

Become an Affiliate

Affiliate marketing needs no introduction. The industry is expected to hit the $8 billion mark by 2022 making it one of the fastest growing industries out there.

Over 80% of businesses today have affiliate programs. You can find reliable individual programs or join an affiliate network like Clickbank, ShareASale, and Rakuten.

While it’s a great industry, the fact remains that it is very difficult to break into. Competition is tough due to a huge number of affiliates and it can take new marketers months to turn a profit.

You may lose money in the beginning as you will have to spend on getting a website, marketing, and other such elements. It usually takes marketers about six to nine months to make a profit unless they have an existing audience.

Most new marketers make about $500 for the first year, this can go to $3,000 after the first two years. Some top marketers make about $50,000 per month after years in the business.

The best part about affiliate marketing is that it does not come with prerequisites. Anyone can be a marketer, however, most platforms require applicants to have a work history, i.e: a specific number of visitors or followers to get their profile approved.

Beware! While you’re making money, don’t forget that others are out there to scam you. Check our latest video on scams and what you can do to protect yourself. Also, don’t forget to subscribe.

💰 Be a Better Investor

“Personal finance is only 20% head knowledge. It’s 80% behavior!”

Dave Ramsey

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👩🏽‍⚖️ Legal Stuff
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