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Most Home Sellers Are Also Home Buyers: Why That’s a Problem Today


They say most home sellers are also home buyers.

In other words, they aren’t just selling their property and disappearing into thin air.

Nor are they typically renting either. Often, they are selling one home and purchasing a replacement.

As such, there’s no inventory gain. There is no benefit to the housing market other than churn, which benefits those who get paid for the transaction.

Such as real estate agents, mortgage loan originators, title and escrow companies and so on.

Sellers Don’t Want to Be Buyers Right Now

Here’s the problem.

Given the lack of affordability and dearth of supply at the moment, sellers today don’t want to be buyers (and who can blame them).

Nobody wants to be a buyer right now. It’s tough out there. This is no secret.

As such, existing homeowners, who very likely hold cheap debt, a low loan balance, a low tax basis, and all the other benefits of having bought years ago, are very much “would-be sellers.”

I’ve spoken about this before. Sure, they will sell, but only at the right price.

And chances are that price doesn’t work for many buyers today because affordability is so poor.

To add insult to injury, the existing homeowner’s price must factor in the very real cost of the seller giving up their ultra-low mortgage rate and taking on a much higher rate on an even higher purchase price.

That tricky dynamic puts even more strain on already limited for-sale supply.

We underbuilt for many years post-early 2000s housing crisis, and this simply makes it worse.

It’s why home prices continue to stay stubbornly high despite affordability telling you they should fall.

Today’s Home Sellers Demand Top Dollar to Offset Replacement Property Math

If you’re a home buyer today, you need to look at things from the home seller’s perspective.

Many current homeowners are sitting on 3% 30-year fixed mortgages. Or even sub-3% mortgage rates.

Their monthly payment feels like a steal (and is) compared to what a new buyer would face at today’s rates.

If they sell today and buy again (which as I said most plan to do), they’re not only losing that low-rate mortgage, but also taking on a new loan at rates that are double (or more) than what they currently pay.

In addition, they’re paying a much higher price for their replacement home in a still-competitive market.

The math simply doesn’t pencil for a lot of sellers unless they get top dollar on their current property.

So they list for some exorbitant price and everyone tells them they’re listing way too high.

But they don’t really care. They are happy to stay put if they don’t get their price. They are “would-be sellers” with time on their side.

This allows them to list at an aspirational price and simply bide their time.

Even in normal times, homeowners are emotionally attached to their homes. And due to mortgage rate lock-in, they’re financially anchored as well.

This Is Why Supply Stays Tight and Home Prices Stay Elevated

The end result is pretty straightforward here.

A vicious cycle of limited for-sale inventory, high home prices, and a reluctance for more existing homeowners to sell.

If fewer homes hit the market because owners don’t want to trade in their 3% mortgage and its tiny low balance for a new, much more expensive one, inventory stays tight.

Meanwhile, the few properties that do come to market are priced to compensate the seller for giving up that low rate, low balance, low tax basis, etc.

They need motivation somehow and listing for a fire-sale price ain’t it.

As such, prospective buyers who are already stretched by high interest rates and prices either can’t afford it or choose to wait it out.

Sure, new construction helps to some degree, but it can’t fully offset this strange dynamic, nor are most new builds in areas where folks want to buy (think the outskirts).

Builders face their own challenges today with high costs and tight margins, and they haven’t forgotten the early 2000s housing bust.

So they’re rather smartly not flooding the market with for-sale inventory either.

The end result is sustained high home prices on a national level, even if some markets experience weakness, namely those with a higher concentration of more recent home buyers (those with less to lose by selling or foreclosing).

The irony is that the “right price” for sellers, which is most often a “high price,” keeps the housing market from cracking in a meaningful way.

Colin Robertson
Latest posts by Colin Robertson (see all)

Amazon Discount for Select Household Products: $15 Off $50+


Amazon Discount for Household Products

This article contains Amazon affiliate links.

Amazon has a new promotion for select household products. You can get a $15 discount when you spend $50 or more on eligible products that are listed in the promotion page.

Offer Details

Spend $50+ and get $15 off. Here’s how:

  1. Add $50+ worth of items from the products listed in promotion page.
  2. When you’re done shopping, select Go to Cart.
  3. The offer will automatically be applied at checkout, if eligible.
  4. Complete payment.

You can save even more by using the right credit card. The best option is the U.S. Bank Shopper Cash Rewards Card which earns 6% cash back.  Another good option is purchasing Amazon gift cards at Staples or Office Depot with a Chase Ink Business Cash card, so you can earn 5X Ultimate Rewards. Also check out these Shop with Points discounts for even more savings.

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Keep in mind that Amazon offers free shipping on orders of $35+, or free next-day shipping on all orders with Amazon Prime (get 30-day free trial). Prime members can also share benefits with a Household member. Students and all 18-25 year olds as well as EBT/SNAP/Medicaid cardholders can get a discounted Prime membership.

Important Terms

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Disclaimer: As an Amazon Associate I earn from qualifying purchases made through this article. Using links on the site for Amazon purchases is the best way you can support the site as you normally can’t earn cash back for these purchases. But, you should still check shopping portals such as Rakuten, TopCashback, RebatesMe, ShopBack and others for possible cashback. Your support is always greatly appreciated!

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that



“I think actually admitting that there is no work-life balance is the first step to getting there in a way because it’s just not possible,” Johansson—best known for her role as Black Widow in the Marvel franchise—told CBS Sunday Morning.

The actress said there will almost always be a “deficit” somewhere, whether at work or at home—and over time, she’s learned to accept that not everything can be done perfectly.

“I’ve learned to be more kind to myself in that way. You can’t do all of these things all the time,” Johansson said. “There’s just like, ‘Is it good enough?’”

As Scarlett Johansson has taken on more roles in her life, including launching a skincare brand, raising two children (born in 2014 and 2021), and balancing a marriage—she said her definition of success has evolved. As a parent in particular, she said it means doing what’s right, even if it doesn’t always make her the “most popular.”

“Somebody once told me, ‘If you’re successful as a parent like 75% of the time, that’s good—if you’re doing 75% of it like right, then you’re winning, which is probably true,” Johansson said.

Scarlett Johansson grew up on food stamps—and now she’s one of the highest-paid Hollywood stars

Johansson was the fourth-highest paid actor in 2025, behind Adam Sandler, Tom Cruise, and Mark Wahlberg, according to Forbes. Her net worth is about $165 million, estimates Celebrity Net Worth

But growing up in Manhattan in a family of six, she has said money was often tight during her childhood. In a 2017 interview with Entertainment Tonight, she recalled her family relying on welfare and food stamps to get by.

By age nine, Johansson had already begun acting, landing her first role in the 1994 Rob Reiner-directed comedy, North. Her rise to stardom accelerated with films like Lost in Translation, Marriage Story, and a string of Marvel blockbusters culminating in the 2021 standalone film Black Widow.

Beyond acting, Johansson has also occasionally used her platform for public and political advocacy, including longstanding support for feminism and women’s rights, as well as canvassing against the reelection of President Donald Trump.

Her career has even pulled her into the center of debates around artificial intelligence. In 2024, Johansson publicly accused OpenAI and CEO Sam Altman of using a voice for the company’s chatbot that sounded strikingly similar to her own after she declined to participate in the project. 

Many top performers agree: work-life balance isn’t always possible

Johansson isn’t alone in questioning whether true work-life balance exists—even as it’s become a top motivator for job seekers. Many high achievers have echoed the same sentiment: succeeding at the highest level often comes with tradeoffs.

Emma Watson, best known for playing Hermione Granger in the Harry Potter series, said the intense demands of filmmaking made balance feel nearly unattainable as she grew up in the spotlight.

“I just used to completely sacrifice myself for whatever the thing was I was trying to achieve,” Watson said on the On Purpose podcast last year. 

“Making films, the hours on them are so demanding, that to have your own life alongside that, to have that balance is almost impossible.”

That same mentality extends beyond Hollywood. Emma Grede, the CEO of Good American and a founding partner of Skims, argued that extraordinary success inevitably requires extraordinary effort.

“If you are leading an extraordinary life, to think that extraordinary effort wouldn’t be coupled to that somehow is crazy,” Grede said on The Diary of a CEO podcast in 2025.

If it’s possible to have true work-life balance, she continued, “tell me who she is, and I’ll show you a liar.”

Even former President Barack Obama has admitted that having a balanced work and life will not always be possible.

Speaking on The Pivot Podcast last year, he said: “If you want to be excellent at anything—sports, music, business, politics—there’s going to be times of your life when you’re out of balance, where you’re just working and you’re single-minded.”

Are You Meeting the Needs of the People You Lead?


The best leaders are not necessarily more charismatic or authentic. They are more attuned to what employees need, and when.

How to Invest in 2026: Don’t Fight the FED Money Printer!



How to invest NOW! Will the stock market keep going up in 2026? Where will bitcoin go? Will house prices come down soon? Gold and silver keep going up, will they continue to go up in 2026 or should I wait for the dip?
#fedratecut #stockmarket2026 #etfinvesting

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Are There Charities That Pay Off Student Loans? Here’s What’s Real In 2026


Borrowers searching online for “charities that pay off student loans” mostly find debt-relief operators charging fees, not nonprofits cutting checks. Real options exist, but they’re narrower (and slower) than most borrowers expect.

By The Numbers

The most prominent debt-cancellation nonprofit, the Debt Collective, has used its Rolling Jubilee Fund to abolish more than $32 million in medical, student, payday, and probation debt over its history.

Notable student debt wins from the Debt Collective and Rolling Jubilee:

  • $9.7 million in Morehouse College student account balances purchased for roughly $125,000 in 2023
  • $1.7 million in Bennett College debt cancelled for 462 former students

The Slowdown: Large-scale buy-and-cancel actions on student debt have stalled. The Debt Collective hasn’t announced a major student debt portfolio purchase in the last couple of years, shifting most of its energy into federal student loan forgiveness advocacy, organizing, and debt strikes.

There is no application portal where individual borrowers can request relief. Cancellation campaigns target institutional debt portfolios (usually tied to a specific school or debt type) not borrower-by-borrower aid.

Where To Get Actual Student Loan Relief

Three real channels still move money against borrower balances:

Federal Forgiveness Programs

Public Service Loan Forgiveness (PSLF), Teacher Loan Forgiveness, Income-Driven Repayment forgiveness, Total and Permanent Disability discharge, and Borrower Defense remain the largest sources of cancelled student debt by dollar volume.

State Loan Repayment Assistance

State LRAPs target healthcare workers, teachers, lawyers in legal aid, and STEM roles in high-need areas. The National Health Service Corps and NURSE Corps are the largest federal-state hybrid programs.

Employer Student Loan Repayment Assistance

Employers can pay up to $5,250 per employee per year toward student loans on a tax-free basis. SECURE 2.0 also lets employers match an employee’s student loan payments with 401(k) contributions — meaning the employee gets retirement savings without diverting cash from their loan payment.

How This Connects

The College Investor maintains a running list of companies offering student loan repayment assistance, which is the most realistic “someone else helps pay my loans” path for the average borrower. Hundreds of employers (from Aetna and Fidelity to Google and Estée Lauder) offer some form of student loan repayment assistance today.

We’ve also covered nonprofit student loan forgiveness, which is forgiveness available through working at a 501(c)(3) — not charities writing off your balance.

If a website promises a charity will pay off your loans for an upfront fee, walk away. The CFPB and FTC have brought repeated enforcement actions against operators using “forgiveness charity” branding to collect fees and stop borrower payments.

The legitimate path remains employer benefits, federal and state programs, and (for a small share of borrowers) institutional debt cancellation campaigns that have largely gone quiet on student debt for now.

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How To Get Help From The Student Loan Ombudsman (And When)

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The post Are There Charities That Pay Off Student Loans? Here’s What’s Real In 2026 appeared first on The College Investor.

[YMMV] PayPal Rewards: Use Pay Later For First Time & Get 15% Back (Up To $30 In Points, Select Merchants)


The Offer

Direct link to offer

  • PayPal Rewards is offering 15% back in rewards when you use Pay later for the first time. Up to 3,000 back. Available on: Nordstrom, Best Buy, Dick’s Sporting Goods, Athleta, Banana Republic, Gap, or Old Navy

Our Verdict

Keep in mind PayPal is removing the redeem for cashback offer. Suspect most readers won’t be eligible due to doing better offers in the past. Best Buy really the only interesting merchant. 

Hat tip to reader smiff

Borrowers shift to variable rates as renewal pressures begin to ease: CMHC




CMHC says borrowers are increasingly turning to variable-rate and shorter-term mortgages as renewal pressures begin to ease and insured lending rebounds.

The Stock Market Sounds an Alarm as Investors Get a Warning From the Federal Reserve. History Says This Will Happen Next.


The S&P 500 (^GSPC 0.16%) fell sharply in March when the Iran conflict pushed oil prices above $100 per barrel for the first time since 2022. The index has already recovered its losses, but the rebound may have been premature.

Geopolitical tensions are still elevated, energy prices are still increasing, and no one knows when the situation will improve. Federal Reserve Chair Jerome Powell said as much during a recent press conference: “The economic outlook remains highly uncertain and the conflict in the Middle East has added to this uncertainty.”

Meanwhile, Fed officials recently warned that inflationary pressure could lead to interest rate hikes, and the S&P 500 just sounded an alarm last witnessed during the dot-com crash. Here’s what investors need to know about the current market environment.

Federal Reserve Chair Jerome Powell addresses reporters at a press conference. Image source: Official Federal Reserve Photo.

The Federal Reserve says inflationary pressure could lead to interest rate hikes

The Federal Reserve’s biannual financial stability report identifies and assesses risks to the U.S. financial system. The latest report was released in May 2026, and it ranked geopolitical tension and elevated oil prices as the most pressing concerns.

“Inflationary pressure from an energy shock could force central banks to tighten monetary policy even if economic growth were to weaken,” warned the Fed Board of Governors. That could be particularly bad in the current environment because stocks already trade at very rich valuations by historical standards.

Under normal circumstances, the Fed would cut rates to stimulate a weak economy. But inflation accelerated substantially in March due to soaring energy prices caused by the Iran conflict, and inflation may continue climbing as the oil shock drives up manufacturing and transportation costs. In that scenario, the Fed may be forced to raise its benchmark rate.

That could sink the stock market in several ways. Higher interest rates would hurt corporate earnings, both directly by increasing interest expense and indirectly by reducing consumer demand. Higher interest rates would also make bonds more attractive, which could cause investors to sell stocks.

Historical context is valuable here. The Federal Reserve’s last rate-hike cycle started on March 17, 2022, and the S&P 500 fell 17% in the next three months. In fact, the Fed has initiated four rate-hike cycles since 1999, and the S&P 500 has always declined over the next three months, with an average drawdown of 7%.

The stock market sounds an alarm last seen during the dot-com crash

The cyclically adjusted price-to-earnings (CAPE) ratio, sometimes called the Shiller PE, is a valuation metric used to evaluate entire stock market indexes. As of early May, the S&P 500 had a CAPE ratio of 39.6. Excluding the last few months, the index has not traded at such a high valuation since the dot-com crash in September 2000.

In fact, the S&P 500’s average CAPE ratio has only exceeded 39 during 27 months since its creation in 1957. In other words, the S&P 500 (a benchmark for the U.S. stock market) has only been this expensive about 3% of the time in the last 70 years, and such rich valuations have historically correlated with dismal future returns.

The chart below shows the S&P 500’s average return over different time periods following a monthly CAPE reading above 39.

Time Period

S&P 500’s Average Return

1 year

(4%)

2 years

(20%)

3 years

(30%)

Data source: Robert Shiller.

Here is what the chart above suggests about the future: If the S&P 500’s returns match the historical average, the index will fall 4% by May 2027. It will drop 20% by May 2028. And it will plummet 30% by May 2029.

Should investors sell their stocks right now? No. Past performance is never a guarantee of future results. The CAPE ratio is based on the S&P 500’s average inflation-adjusted earnings from the past 10 years. And earnings could grow faster in the future as artificial intelligence boosts productivity. In that case, the S&P 500 may keep moving higher while its CAPE ratio falls to something more reasonable.

However, while it doesn’t make sense to exit the stock market simply because the S&P 500’s CAPE ratio is near the upper end of its historical range, it would be equally foolish to dismiss the stock market’s rich valuation. In the current environment, investors should only buy high-conviction stocks they would be comfortable holding through a steep downturn, and only if shares trade at reasonable prices.

I’ll end with advice from Warren Buffett. “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, 10, and 20 years from now.”