The Radical Times Roundup
Week ending November 9, 2025– BTC Price: 102,418
SUNDAY EDITION
The Radical Times Roundup
Week ending November 9, 2025– BTC Price: 102,418
Trump administration is working on a 50-year mortgage
FHFA Director Bill Pulte confirmed that the 50 year mortgage will be a “complete game changer.” The NA Realtors annual survey discovered that the share of first-time home buyers dropped to a record low of 21%, and the typical age of first-time buyers climbed to an all time high of 40 years old. That implies the mortgage will be paid off when one is 90 years old, though the US average life expectancy is only 78 years old (and declining).
OpenAI wants federal backstop to make it easier to finance
OpenAI has advocated for Congress to extend eligibility of the AMIC credit for AI server production and AI data centers, claiming “broad coverage of the AMIC will lower the effective cost of capital” through grants, cost-sharing agreements, loans or loan guarantees. Meanwhile, Sam Altman also explicitly said he believes the government is the “insurer of last resort” for AI financing.
Mamdani wins in NYC Mayoral election in a landslide
…Most likely due to the above two news items. Ironically despite its socialist messaging for his working-class platform, Mamdani won with strong support from middle- and upper-middle class income voters. Those making less than <30k/year favored Cuomo. This means that the educated, young are worried about 1) home ownership being out of reach and 2) AI replacing their jobs despite record high educational investment. The proposed solutions above are likely to exacerbate the problems given it distorts the cost of capital via fiscal and industrial policies unhinged from true growth.
Bullseye 🎯