Get comfy, homeowners: It can take up to 13.5 years tobreak even on your purchase, per Zillow data exclusively shared with Axios.
Why it matters: You'll have to stay in your house for more than a decade before you can sell and make a profit.
Context: Historically, experts have said you need to stay in your home at least five years to break even. But with mortgage rates inching toward 8%, new homeowners will need to stay put longer to avoid going underwater.
The owner of Jezebel is shopping the trailblazing website to potential buyers, sources tell Axios.
Why it matters: G/O Media putting the online women's magazine up for sale highlights the struggles of niche, digital media brands that are suffering from a weak ad market and a fragmented landscape.
Selfishness is philanthropic.That's the message being sent by a series of high-profile Silicon Valley leaders, most recently billionaire venture capitalist Marc Andreessen.
Why it matters: Philanthropy has historically been framed as giving back — after making their fortune from and within society, individuals then return the favor.
Why it matters: As a second year since the venture capital market downturn comes to a close, limited partners are heading into several weeks of annual updates from their portfolio funds. They're hoping to find out what their startup investments are worth and how they'll navigate the next year.
Sophisticated financiers often turn to derivatives when they want to accumulate a large position in a stock without the market getting wind of what they're doing. The Securities and Exchange Commission would love that practice to stop.
Why it matters: Rich investors love being able to operate in stealth mode, and they have a lot of lobbying clout. The final outcome of this fight will reveal a lot about how much power SEC chair Gary Gensler really has.
With rents hovering at historic highs and soaring mortgage rates pushing up the cost of buying a house, making the leap to homeownership has seemingly never been harder.
Why it matters: Owning your own home is a critical step in building wealth in the U.S., but younger Americans increasingly can't swing it, and instead are stuck renting — at steep rates that are eating into their income.
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