Happy Friday!

This week we’re back to our regularly scheduled content: 3 articles, 1 chart, and 1 quote related to personal finance.

3 Articles

Why America’s Housing Market Has Never Been Weirder
Derek Thompson, The Atlantic

In America’s largest, richest cities, home prices and rents are going in opposite directions.

Invest Like a Pronghorn
Anonymous, Breaking The Market

This is an interesting investing allegory about cheetahs and pronghorns. They’re both extremely fast runners, and the story nicely describes how their different capabilities translate to the investing world.

Sign of Inequality: US Salaries Recover Even As Jobs Haven’t
Christopher Rugaber, AP News

The vanished earnings from 8.9 million Americans who have lost jobs to the pandemic remain less than the combined salaries of new hires and the pay raises that the 150 million Americans who have kept their jobs have received.

1 Chart

This is a crazy stat: across the US, there are approximately one-third as many homes for sale versus 2016. Inventory is very low!

    1 Quote

    “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

    – George Soros

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