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As of February, it’s cheaper to rent a home than buy one in all of the US’s top 50 metros — and by a staggeringly wide margin, according to a recent study.

For a so-called “starter home” in any of these sought-after cities — which some have argued no longer exist thanks to sky-high borrowing rates and inflationary housing prices — it costs 60.1% less to lease the property than own it on a monthly basis, per Realtor.com’s February 2024 Rental Report.

On average, the stiff premium for homeownership amounts to roughly $1,027 in monthly costs — though in the most sought-after cities, that figure more than doubles.

In Austin, Texas, for example, the gap between renting and buying was the largest, according to Realtor.com’s report that was earlier reported on by the Daily Mail.

The monthly cost of buying a starter home — a zero-to-two-bedroom home, per Realtor.com — in the Austin area was $3,695 in February. The sum marked a staggering 141.5%– or $2,165 — more than the typical monthly rent of $1,530 in the Texan capitol.

Seattle’s housing market also boasted a large disparity between buying and renting: The monthly cost of buying a starter home was $4,422 in February, while the median rent was $2,000 — a 121.1% difference, per Realtor.com.

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And in Phoenix, Ariz., the cost of renting monthly, an average of $1,543, was nearly half the $3,071 per month it would require to buy.

Though it’s more expensive to buy a home in all of the 50 major metros in the US, San Francisco, Los Angeles, San Jose and Sacramento in California, as well as Nashville, Portland and Houston rounded out the top 10 cities with the biggest difference between buying and renting.

For reference, in Realtor.com’s February 2023 Rental Report, it found that renting a starter home was more affordable than buying in 45 of the largest US cities.

In the 12 months since, Memphis, Tenn.; Birmingham, Ala.; Pittsburgh, Pen.;, St. Louis, Mo.; and Baltimore, Md., have flipped from favoring homeowners to favoring renters, according to the Daily Mail.

Realtor.com — which assumed an 8% downpayment, a mortgage rate of 6.78% and included the cost of taxes, insurance and fees in its calculations — noted that buying a starter home is becoming increasingly more expensive as the price of monthly rents have dropped at a faster rate than buying costs.

In February, buying costs dropped 1.6% in the previous 12 months, while rent costs dropped 4.44%.

The key driver of this was elevated mortgage rates, Realtor.com said.

In February, the average rate on a 30-year fixed-rate mortgage was 6.78%, according to the real-estate listings website — up from 6.26% 12 months prior.

Surging rates have made it so unaffordable to take on a mortgage that there’s a growing number of buyers these days that Redfin calls “nepo” buyers — a reference to the nepo baby phenomenon where children of celebrities ride their coattails to gain a foothold on a career.

According to a recent survey from Redfin, 36% of Gen Zers, whose ages range between 12 and 27, and millennials, 28 to 43, are expecting a cash gift from family members in order to fund their downpayment twice as many as there were just five years ago.

Another 16% are anticipating to use an inheritance to help fund their downpayment, and 13% plan to live with their parents or other family members.

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Trump calls for Epstein’s ‘ties’ with Bill Clinton and other Democrats to be investigated

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Trump calls for Epstein's 'ties' with Bill Clinton and other Democrats to be investigated

Donald Trump said he will ask the Justice Department to investigate Jeffrey Epstein’s alleged ties to former US president Bill Clinton and other prominent Democrats.

The call from the US president comes as fresh questions about Mr Trump’s own relationship with the paedophile financier were raised as his name came up multiple times when 20,000 pages were released from Epstein’s files earlier this week. Mr Trump has called claims to link him to Epstein as a “hoax”.

Mr Trump said he would ask US Attorney General Pamela Bondi to look into any alleged involvement between former Democrat leader Clinton and paedophile financier Epstein. She later wrote on X that she would assign the investigation to Jay Clayton, the US attorney for the Southern District of New York.

Along with Mr Clinton, Mr Trump said he would also ask the Justice Department to investigate former treasury secretary Larry Summers, and Reid Hoffman, the LinkedIn founder, who is also a prominent Democratic donor.

Former US president Bill Clinton. File Pic: Reuters
Image:
Former US president Bill Clinton. File Pic: Reuters

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All three men were mentioned in the 20,000 Epstein-related documents released by the House Oversight Committee on Wednesday. None of them, however, have been accused of wrongdoing in the Epstein case.

In a lengthy post on his social media platform Truth Social, Mr Trump said: “Now that the Democrats are using the Epstein Hoax, involving Democrats, not Republicans, to try and deflect from their disastrous SHUTDOWN, and all of their other failures, I will be asking A.G. Pam Bondi, and the Department of Justice, together with our great patriots at the FBI, to investigate Jeffrey Epstein’s involvement and relationship with Bill Clinton, Larry Summers, Reid Hoffman, J.P. Morgan, Chase, and many other people and institutions, to determine what was going on with them, and him.”

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Mr Trump also said: “Epstein was a Democrat, and he is the Democrat’s problem, not the Republican’s problem!

“They all know about him, don’t waste your time with Trump. I have a Country to run!”

What do the named parties say about alleged links to Epstein?

Angel Urena, deputy chief of staff for Mr Clinton, said in 2019: “President Clinton knows nothing about the terrible crimes Jeffrey Epstein pleaded guilty to in Florida some time ago, or those with which he has been recently charged in New York…has never been to Little St James Island, Epstein’s ranch in New Mexico, or his residence in Florida.”

Epstein had been a JPMorgan client from 1998 until 2013.

“The firm deeply regrets any association with this man, and would never have continued doing business with him if it believed he was using the bank in any way to commit his heinous crimes,” JPMorgan said in a statement in September 2023.

Summers, former Harvard University president, recently issued a statement saying he has “great regrets in my life.”

“As I have said before, my association with Jeffrey Epstein was a major error of judgement,” the statement said.

Similarly, Mr Hoffman told Axios in 2019 he regretted his relationship with Epstein.

“My few interactions with Jeffrey Epstein came at the request of Joi Ito, for the purposes of fundraising for the MIT Media Lab.

“Prior to these interactions, I was told by Joi that Epstein had cleared the MIT vetting process, which was the basis for my participation.

“My last interaction with Epstein was in 2015. Still, by agreeing to participate in any fundraising activity where Epstein was present, I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful.”

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A US man is believed to be the first to have died from a meat allergy linked to tick bites

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A US man is believed to be the first to have died from a meat allergy linked to tick bites

A 47-year-old New Jersey man died last year from alpha-gal syndrome, a red meat allergy caused by a tick bite.

His death is believed to be the first documented death from a meat allergy triggered by tick bites.

Symptoms for alpha-gal syndrome – which in 2011 was first linked to bites from the Lone Star tick – can include hives, nausea, vomiting, diarrhoea, severe stomach pain, difficulty breathing, dizziness and swelling of the lips, throat, tongue or eyelids.

The reaction to the foods that cause the symptoms can be delayed, and usually present themselves a few hours later, unlike some other food allergies, which occur soon after eating.

The new research follows the case of a healthy airline pilot who went camping in 2024 with his wife and children. They had steak for supper. This was unusual, as he rarely ate meat.

He woke at 2am with violent pain in his abdomen, vomiting and diarrhoea.

The next day he ate breakfast and went on a five-mile walk.

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A fortnight later, back in New Jersey, he went to a barbecue, where he ate a hamburger. About four hours later, he grew ill. Shortly afterwards, his son found him on the bathroom floor unconscious.

Am operating theatre. File pic by iStock
Image:
Am operating theatre. File pic by iStock

His son called paramedics, and he was admitted to hospital, but the man was announced dead later that night.

Blood tests conducted by researchers revealed evidence of the alpha-gal syndrome. Proof that it came from a Lone Star tick is inconclusive.

The researchers made the link after a statement from the man’s wife, who had said he had 12 or 13 “chigger” bites near his ankles earlier in the summer.

But the conclusion makes sense, as people in eastern America sometimes mistake the bites from mites with those from larval ticks.

More than 100,000 people in the U.S. have become allergic to red meat since 2010 because of the syndrome, according to one estimate.

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Dr Scott Commins, a leading alpha-gal syndrome researcher at the University of North Carolina, called his death an “unmitigated tragedy”.

“Totally unnecessary and with increased awareness, this won’t happen again,” he said in an email.

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Banksy art theft lands burglar with 13-month prison sentence

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Banksy art theft lands burglar with 13-month prison sentence

A man has been given a 13-month prison sentence for stealing Banksy’s famous Girl With Balloon print from a London gallery.

Larry Fraser, 49, of Beckton, east London, was sentenced on Friday after pleading guilty to one count of non-residential burglary at Kingston Crown Court on 9 October.

The print, one of the street artist‘s most famous, was stolen from a gallery in New Cavendish Street in London at around 11pm on 8 September last year.

The recovered artwork back in the gallery. Pic: Metropolitan Police
Image:
The recovered artwork back in the gallery. Pic: Metropolitan Police

Fraser used a hammer to smash his way through a glass entrance door at the Grove Gallery before stealing the artwork, which was valued at £270,000.

He concealed his identity with a mask, hooded jacket and gloves, but the Metropolitan Police’s Flying Squad was able to identify him and track him to a location streets away.

He was also caught on CCTV loading the artwork into a van before fleeing the scene.

A second man, 54-year-old James Love, was accused of being the getaway driver in the burglary, but cleared of stealing the print.

Larry Fraser. Pic: Metropolitan Police
Image:
Larry Fraser. Pic: Metropolitan Police

Damage to the Grove Gallery after the theft. Pic: Metropolitan Police
Image:
Damage to the Grove Gallery after the theft. Pic: Metropolitan Police

Fraser was arrested at his home address on 10 September, within 48 hours of the burglary, and charged the next day.

Officers were able to recover the artwork after executing a warrant on the Isle of Dogs. It has now been returned to the gallery.

Fraser pleaded to the court that he was struggling with a historic drug debt and agreed to steal the work “under a degree of pressure and fear”.

He said he did not know what he would be stealing, nor its value, until the day of the offence.

Fraser was caught on CCTV taking the artwork away from the gallery. Pic: Metropolitan Police
Image:
Fraser was caught on CCTV taking the artwork away from the gallery. Pic: Metropolitan Police

Jeffrey Israel, defending, said Fraser lived with his mother as her principal carer, and had only managed to “break his cycle of drug addiction” after his last prison sentence.

He added that it “would take a bold advocate” to suggest that the value of the print had increased by the burglary, but insisted “that is probably the reality”.

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Judge Anne Brown was unmoved, however, and said the offence was “simply too serious” for a suspended sentence.

“This is a brazen and serious non-domestic burglary,” she said.

“Whilst you did not know the precise value of the print, you obviously understood it to be very valuable.”

She added: “Whilst I am sure there was a high degree of planning, this was not your plan.”

However, Fraser may be eligible for immediate release due to time spent on electronic curfew.

Detective Chief Inspector Scott Mather, who led the Met’s investigation, said: “Banksy’s Girl With Balloon is known across the world – and we reacted immediately to not just bring Fraser to justice but also reunite the artwork with the gallery.

“The speed at which this took place is a testament to the tireless work of the flying squad officers – in total it took just four days for normality to be restored.”

The 2004 artwork was part of a £1.5m collection of 13 Banksy pieces at the gallery.

Gallery manager, Lindor Mehmetaj, said it was “remarkable” for the piece to have been recovered after the theft.

The 29-year-old said: “I was completely, completely shocked, but in a very, very positive way when the Flying Squad showed me the actual artwork.

“It’s very hard to put into words, the weight that comes off your shoulders.”

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