Billie Eilish is perhaps the most talented artist of our generation…and I don’t throw that around lightly. At only 13, Eilish wrote “Ocean Eyes” alongside her brother Finneas and launched her prolific career. And at the fair age of 22, Eilish has 24 GRAMMY Award nominations and nine wins, two Oscars, two Golden Globes, and countless other accolades.
Beyond that, she recently announced her third album, HIT ME HARD AND SOFT, to be released May 17, 2024. She spent the days leading up to the announcement building excitement by adding all of her Instagram followers to her “Close Friends” list. Eilish had the most Instagram followers in 48 hours…with her count increasing by 7 million followers total.
While her debut album, when we all fall asleep…where do we go?, was a chart-topper in its own right, it landed Billie every GRAMMY it was nominated for at the ripe age of 18…Eilish has solidified herself as one of the most revered and sought-after popstars in the world.
Eilish recently caught media attention for quietly revealing her sexuality. In an interview with Variety, she states that she’s always liked girls…and assumed people always knew that. In a viral snippet from her new song, LUNCH, she details a love affair with a girl.
But people don’t only adore Billie for her catchy tracks that consistently top the charts. It’s not just her songwriting ability and unique vocals that keep us hooked. People love her because she’s unafraid to speak her mind.
Whether it be complaining about too many influencers being at an awards show, or calling out other artists for using unsustainable practices…Billie does not hold back.
Billie Eilish On Sustainability
Eilish home
rethinkingthefuture.com
The Eilish home is iconic for many reasons: it’s where Billie and Finneas recorded her debut album, countless other songs, and EPs, in an effort to conserve water there’s no grass, and the roof is covered in solar panels. And being environmentally conscious extends beyond the four walls of their home.
When the hottest young talent is discovered at such an early age like Eilish, record labels are chomping at the bit to sign them. It’s like when a D1 athlete is ready to commit to college…you have your pick.
But what Eilish and her mom, Maggie Baird, were looking for wasn’t about money or label-perks…they were seeking a solid sustainability program. And while that may seem like standard practice, most labels didn’t bring up environmental policies during these meetings at all.
After signing to The Darkroom via Interscope Records, the struggle didn’t stop there. Billie Eilish and her family have been consistent contributors to the fight against climate change.
Maggie Baird has since started Support + Feed, which focuses on the climate crisis and food insecurity. Support + Feed helped Eilish’s 2022 Happier Than Ever tour save 8.8 million gallons of water through plant-based meal service for the artist and crew members.
During Billie’s 2023 Lollapalooza performance, she aided the launch and funding of REVERB’s Music Decarbonization Project – which guaranteed all battery systems used during her set were solar powered. The MCD’s overall mission is to lower – and eventually eliminate –the music industry’s carbon emissions.
But more recently, Billie Eilish called out other artists for releasing multiple versions of vinyls in order to boost vinyl sales. In an interview with Billboard, she says,
“We live in this day and age where, for some reason, it’s very important to some artists to make all sorts of different vinyl and packaging … which ups the sales and ups the numbers and gets them more money and gets them more…”
Artists convince fans to buy different versions of their albums by offering exclusive features on each vinyl. Take Taylor Swift, for example, who released five separate vinyl versions of Midnights, each with a different deluxe “Vault” track.
While Billie may not have been trying to shade one artist in particular, the point is that she’s fed up. After being the rare artist in the industry who go out of their way to remain environmentally conscious, Eilish sets the bar high.
How Eilish’s New Album Is Sustainable
Billie for "Hit Me Hard and Soft"
William Drumm
Social media users were quick to claim Eilish was hypocritical by announcing that HIT ME HARD AND SOFT will have eight vinyl variations. However, each vinyl is made from recycled materials – either 100% recycled black vinyl or BioVinyl, which replaces petroleum used during manufacturing with recycled cooking oil.
This just illustrates that Eilish wasn’t directing criticism towards other artists for using vinyl variants to gain album sales…but she does think there are better ways to do it that benefit the environment without hurting their sales.
Burning Down The House - The War On Public Libraries
“You don't have to burn books to destroy a culture. Just get people to stop reading them.” --Ray Bradbury
It’s National Library Week, so I’ve been thinking a lot about knowledge and the idea that knowledge should be readily available – for all. An informed populace is crucial to the health of the nation and a bulwark of democracy. The ability to think, to reason, to avoid being fooled, all these notions are tied to reading and easy access to the wisdom of the ages.
And this is exactly why libraries – and their contents – are under siege these days.
HuffPost’s Jennifer Bendery recently told readers:
“Librarians are living in constant fear. They have become the targets
of Republican politicians and far-right groups like Moms for Liberty
Liberty that are hellbent on burning books about LGBTQ+ people,
people of color and racism. Some librarians are quitting their jobs
because of constant harassment; others are getting fired for
refusing to clear shelves of books that conservatives don’t like.”
If that’s not bad enough – and it is – Bendery informs us there’s another evil twist in the tale: “The GOP’s censorship campaign has shifted from book bans to legislation threatening librarians with jail time.” Idaho’s tried several times to enact such legislation; this February, West Virginia passed a bill “making librarians criminally liable if a minor comes across content that some might consider obscene.” Idaho, Iowa, Alabama, and Georgia are also considering various means of keeping books they don’t like off the shelves...and they’re not alone.
The American Library Association’s Office for Intellectual Freedom shared some frightening statistics: “The number of titles targeted for censorship at public libraries increased by 92% over the previous year, accounting for about 46% of all book challenges in 2023; school libraries saw an 11% increase over 2022 numbers.”
Given these ever-more-frequent, ever-more-strident attacks, what can a concerned reader do to stem the tide of book-banning?
PEN America, an organization whose mission “is to unite writers and their allies to celebrate creative expression and defend the liberties that make it possible,” offers a number of ways to make one’s voice heard. Whether you’re a student, a parent, an author, or a librarian, PEN America provides advice, assistance, and resources to keep you informed and ready to push back.
The need to support the nation’s libraries is more urgent than ever. In Bendery’s HuffPost piece, American Library Association President Emily Drabinski draws a chilling conclusion: “What gets lost in conversations about book banning is that it’s really about eliminating the institution of the library, period. It’s not about the books. Well, it is about the books, but the books are the way in to gut one of the last public institutions that serves everyone.”
“You don't have to burn books to destroy a culture,” Ray Bradbury once said. “Just get people to stop reading them.”
Bradbury was one of the 20th century’s finest fabulists, the author of The Martian Chronicles, Something Wicked This Way Comes, and the worldwide blockbuster Fahrenheit 451. Published in 1952, the novel Fahrenheit 451 is set in a future where books are illegal and firemen don’t put out fires – they start them. Printed matter is what they burn.
Bradbury was writing in the tense, paranoid early years of the McCarthy era. But he might as well have penned those words last Thursday.
Support your local library. Speak up for the voices the hate-mongers would shut down. Before – as history’s proven again and again – they try to shut down yours.
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Students fight a book ban by giving away free banned bookswww.youtube.com
The New York Public Library has also weighed in on the matter, you can find its suggestions here.
Pandemic Profiteers - When Billionaires Got Richer, A Lot Richer
While you and me were counting our pennies, Bezos & Musk were raking it in
“Behind every great fortune lies a great crime” ... French novelist Honoré de Balzac
No one disputes the fact that the global pandemic threw us all under the bus. Some of us got sick. Some of us lost loved ones. Others lost jobs. Others reaped the benefits. At Inequality.org, journalist Chuck Collins recently shared some statistics concerning the ever-increasing disparity between billionaires and average folks. In a nutshell, the rich not only got richer – they got a lot richer.
Pandemic profiteers like Musk and Bezos made out like bandits and the figures are jaw-dropping. At the start of the pandemic, Tesla CEO Elon Musk was worth about $25 billion dollars; two years into the pandemic his wealth had surged to $255 billion. When last checked – March 18, 2024 – Musk is at $188.5 billion. That’s more than a seven-fold increase in four years.
At the same time, Amazon founder Jeff Bezos’ wealth has soared from $113 billion to 192.8 billion – even after donating tens of billions to charity and paying out tens of billions more in a divorce settlement with his now ex-wife, MacKenzie Scott.
Speaking of Ms. Scott, she’s the only billionaire on the 2020 top 15 wealthiest Americans list to see a decline in her wealth decline from a net worth of $36 billion in 2020 to $35.4 billion due to her generous giving to charity. At least someone has their values in check.
In 2022 the U. S. Bureau of Labor Statistics summed up one study of COVID’s impact on those of us who were just trying to keep our heads above the water line:
The pandemic disrupted lower-paid, service-sector employment
most, disadvantaging women and lower income groups at least
temporarily, and this may have scarring effects...Higher-paid
workers tend to gain more from continuing opportunities to
telework. Less-advantaged students suffered greater educational
setbacks from school closures. School and daycare closures
disrupted the work of many parents, particularly mothers. We
conclude that the pandemic is likely to widen income inequality
over the long run, because the lasting changes in work patterns,
consumer demand, and production will benefit higher income
groups and erode opportunities for some less advantaged groups.
The U. S. Bureau of Labor Statistics got it right. Income inequality grew like cancer cells in the course of the pandemic. Collins’ data tells us that in March 2020 the U. S. harbored 614 billionaires worth $2.947 trillion. In March 2024 the number of billionaires had grown to 737 billionaires worth $5.529 trillion.
If not always illegal, this vast increase in billionaires' wealth has deadly consequences.
In 2022 Oxfam International published Inequality Kills, a report detailing how inequality “is contributing to the death of at least 21,000 people each day, or one person every four seconds. This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakdown.”
Oxfam’s International Executive Director Gabriela Bucher made it quite clear just what led to that perilous state of affairs:
Central banks pumped trillions of dollars into financial markets
to save the economy, yet much of that has ended up lining the
pockets of billionaires riding a stock market boom. Vaccines
were meant to end this pandemic, yet rich governments allowed
pharma billionaires and monopolies to cut off the supply to
billions of people. The result is that every kind of inequality
imaginable risks rising. The predictability of it is sickening.
Fixing – or at least ameliorating – inequality is no easy task. The recommendations of the Peterson Institute for International Economics include: governments need to address inequality directly and specifically; taxes and spending programs must be progressive and benefit others than the wealthy; novel approaches must replace tired, by-the-book policy.
Whatever remedies one favors to deal with the obscene inequality of wealth here and elsewhere, the time to act is now. As Oxfam’s Bucher says: “The consequences of it kill.”
For The Freedom Of People - Bayard Rustin's American Dream
Emmy Award winner Colman Domingo’s Oscar-nominated performance as Civil Rights activist and LGBTQ+ forefather Bayard Rustin highlights Hollywood’s spotty history of recognizing, portraying, and marketing Black life and culture.
Rustin, written by Julian Breece and Dustin Lance Black brought renewed attention to the co-organizer (with A. Philip Randolph) of Martin Luther King, Jr’s 1963 March on Washington. The rally drew approximately a quarter-of-a-million people to the nation’s capital and featured Dr. Martin Luther King’s “I Have a Dream” speech. The march is recognized as a seminal event in our country’s history and remembered as a milestone in Black America’s quest for freedom and civil rights.
RUSTIN | Official Teaser Trailer | Netflixwww.youtube.com
Despite a lifetime of activism, Rustin was relegated to the historical sidelines. Some of the neglect is understandable – organizing is a thankless task and takes place behind the scenes. Rustin’s negligible public profile also stems from the fact that he was gay. As Seneca Vaught, Ph.D. has posted on the America's Black Holocaust Museum site: “During the civil rights era, his homosexuality was seen as a political risk, so he was not able to take the public role many other leaders did. Even today, some who see homosexuality as a sin may not wish to acknowledge him as a civil rights hero.”
Those prejudices are being altered – albeit slowly – and the film is a welcome step in the right direction. It drew mixed notices but Domingo’s turn as Rustin has been widely acclaimed. New York Times critic Manohla Dargis began her review with: “Every so often an actor so dominates a movie that its success largely hinges on his every word and gesture. That’s the case with Colman Domingo’s galvanic title performance...”
“There are three ways in which one can deal with an injustice.
(a) One can accept it without protest
(b) One can seek to avoid it
(c) One can resist the injustice non-violently"
– Bayard Dustin
The film is also noteworthy because it has prompted a fervent discussion about how films are rated. MSNBC’s Derrick L. Middleton believes that “the descriptors for the film’s Motion Picture Association rating make no mention of the specific type of violence present in the movie – which is frequently vivid in films about that period in American history.”
Middleton is speaking of racial violence. Not mentioning it or disguising it provides a distorted view of what audiences will see onscreen. “Given what we know about the psychological impact of depictions of racial violence,” Middleton posits, “there is an urgent need for comprehensive change in how we rate and understand media content.”
In a world where Black citizens are routinely the victims of violence, such misrepresentation “reflects the broader societal challenges in confronting and acknowledging racial issues openly and responsibly.”
“We need, in every community, a group of angelic troublemakers."
– Bayard Dustin
Rustin – Executive Producers: Barack and Michelle Obama's Higher Ground Productions – is directed by DGA Award winner George C. Wolfe (Ma Rainey's Black Bottom) and shines a long overdue spotlight on the extraordinary man who, alongside giants like the Reverend Martin Luther King Jr., Adam Clayton Powell Jr., and Ella Baker, dared to re-envision our entire world, and ignited a movement with a mighty march toward freedom.
It Wasn't All Velvet...Pavel Zajíček Crosses The Line
“In the dark times will there also be singing?” – Bertolt Brecht, 1939
Czech poet, lyricist, musician, immigrant, refugee, examinee of the State's Secret Police, enemy person, artist Pavel Zajíček died in Prague on March 5, 2024. He was 72. Zajíček was a seminal influence in the Prague Underground, which stood in crazy, colorful opposition to Soviet rule. Critic Ingrid Marie Jensen provides some historical background concerning the world Zajíček grew up in – and the world he helped change:
After the Soviet Union took control of Czechoslovakia
and turned it into a satellite state in 1968, the Czech art
world took a massive hit. Things were especially tough
for musicians. Busking was illegal. Any music broadcast
over the radio was heavily censored. Only the most banal
pop was permitted. Musicians were not allowed to write
songs with English lyrics or to wear their hair long in the
fashion of American hippies.
Not the place, one would think, for some down-n-dirty rock n’ roll.
It turned out that Czechoslovakia was precisely the place rock n’ roll needed to be. Jensen and other writers have described how the flame of rebellion was kept alive by listening to such “decadent” Western groups as the Velvet Underground and The Mothers of Invention, Frank Zappa’s iconoclastic conglomeration of freaks and geeks. The dissenters didn’t just listen – many of them started their own bands.
Zajíček provided lyrics for The Plastic People of the Universe and later founded DG 307 – described as Czech underground sound poetry. The Communist authorities did their best to silence him. As Prague Radio International reports:
In one of the most notorious incidents of the political
clampdown of the 1970s, Pavel Zajicek was among
several musicians charged and sentenced for
“breaching the peace.” As a blatant violation of basic
civil liberties, the episode was one of the catalysts for
the most famous initiatives of the dissident movement,
Charter 77.
Like many lyricists, Zajíček wrote poetry that came out in samizdat form – banned literature that's clandestinely printed and distributed often by hand. He's the author of hundreds of song lyrics and twenty poetry collections. In 1976 he and members of the band The Plastic People of the Universe were arrested and Zajíček was sentenced to a year in prison. In 1980 he left Czechoslovakia for Sweden, after which he lived in the United States of America. In the wake of 1989’s “Velvet Revolution” – which ended 41 years of Communist rule – he returned to Prague, where an erstwhile colleague named Václav Havel had been elected President.
The poet Percy Bysshe Shelly once observed that “poets are the unacknowledged legislators of the world.” Havel and Zajíček and their compatriots helped shape contemporary Czech history and culture. It’s safe to say their achievements have been acknowledged.
In the dark times
will there also be singing?
Yes, there will also be singing.
About the dark times.
- Bertolt Brecht, 1939
Poet, Pavel Zajíček Typing - Photo by Minna M. Pyyhkala
Stirring the Pot - Students Drive Starbucks Off Campus
On Thursday, February 22, students from more than two dozen colleges demanded their institutions “cancel their contracts with Starbucks in protest against the company’s response to union organizing efforts,” according to TheGuardian (UK).
Students from California to New York - in conjunction with Starbucks Workers United - pointed to the coffee giant’s less-than-worker-friendly tactics in dealing with demands for unionizing. Restaurant Dive lists some of those tactics, which include “workplace surveillance and diluting the electoral pool at unionizing locations, firing workers involved with the union in alleged retaliation, and alleged solicitation of grievances in an effort to stymie union organizing.”
The powerful cede power only when forced to, and it’ll be most interesting to see what effect these and other protests have on Starbucks’ policy. The Guardian reports that . . .
“nearly 400 Starbucks stores around the US have won union elections to join Starbucks Workers United since December 2021...but a first union contract for any store has yet to be reached.”
As any giant corporation would, Starbucks claimed there’s nothing to see here, folks, just move along now...Several sources quote a spokesperson for the coffee chain: “While we remain longstanding advocates of civil discourse, our focus is on fulfilling our promise to offer a bridge to a better future for all partners – through competitive pay, industry-leading benefits for part-time work, and our continued efforts to negotiate fair contracts for partners at stores that have chosen union representation.”
University of North Carolina at Chapel Hill student Haya Odeh puts about as much credence into that statement as you do. “We’re just not going to let Starbucks slide with the injustices they pass on to workers,” she’s quoted in The Guardian. “Their union busting is just the very tip of the iceberg. Their labor practices and how they treat their workers, we want to push the message that we’re not going to stand for this as students.”
Georgetown University’s paper TheHoya reported on a panel discussion held on February 22, sponsored by Georgetown Students Against Starbucks (GSAS). “Panelist Meghin Martin, a former partner at Starbucks and member of SWU, said Starbucks has refused to engage in good faith bargaining, a type of negotiation in which both parties must sincerely resolve to reach a collective bargaining agreement.
‘Their whole game plan is running the union dry, wait as long as they possibly can, and hope that we either just give up, we run out of money.’”
Speaking of money, Starbucks has quite a lot of it. Those protesting its labor practices have gumption, dedication to the cause of the worker, and the desire to end corporate exploitation.
Time will declare the victor. For the moment, a cup of coffee would be terrific. A nice, home-brewed cup in a porcelain mug that can be used time and again...
8K Writers Can’t Be Wronged - AI Platforms “Scraping” & Stealing Bestselling Books
Close to 8 thousand writers recently signed a letter from The Authors Guild protesting the unauthorized use of their stories.
Technology is inescapably linked to the art and craft of writing. Humanity’s desire to share and preserve its thoughts, its pleasures, its discoveries, its knowledge, and its very survival led to hieroglyphics, the development of paper and ink, to the printing press, the typewriter, and the computer. Technology’s traditional aim was to make it faster and easier to create and disseminate the written word. Now it seems technology’s out to eliminate writers altogether.
Or, at the very least, the writers’ livelihoods.
NPR’s Chloe Veltman tells us that The Authors Guild – an organization founded in 1912 to “support working writers and their ability to earn a living from authorship” – is taking on “artificial intelligence companies like OpenAI and Meta” which use writers’ work “without permission or compensation.” As Veltman describes it, “text-based generative AI applications like GPT-4 and Bard...scrape the Web for authors' content without permission or compensation and then use it to produce fresh content in response to users' prompts”.
Approximately eight thousand writers, Veltman reports, have signed a Guild letter protesting such unauthorized use of their material. Some of the better-known scribes include Nora Roberts, Viet Thanh Nguyen, Michael Chabon, and Margaret Atwood.
The Authors Guild’s petition is not the only action being taken in the wake of AI. Other writers have filed class-action suits against AI companies, claiming their work is being pirated. AI is one of the main reasons for the Writers Guild of America’s strike (starting May 2nd), bringing American film and television production to a complete standstill. The New York Times summarizes the WGA’s position: “Writers are asking the studios for guardrails against being replaced by AI, having their work used to train AI or being hired to punch up AI-generated scripts at a fraction of their former pay rates.”
Award-winning writer/director Doug Burch describes the WGA strike as “vital to the future of those wanting basic living wages...It’s truly despicable when CEOs make $400 million a year and say that writers and actors are being unrealistic wanting to at least make a living wage.”
And just what is this average yearly salary? A forthcoming report from The Authors Guild asserts that the median income for a full-time writer was $23,000 in 2022. This after, a precipitous 42% decline in writers' incomes between 2009 and 2019.
History proves time and again that the haves never give anything to the have-nots without being forced to “share the wealth.” Whether it's coal mining, auto manufacturing, or movie-making, it’s taken the commitment of generations of die-hard activists to help address an economic imbalance.
The writers have one huge strength, something no boss or executive can do without – their talent, their craft, originality, passion, and their grit. As I understand it, AI can synthesize, imitate, mimic a writer’s work. The one thing it can’t do is create original thought and original material. Writers – with their unique perspectives and experiences, their individual and idiosyncratic use of language, and their ability to capture human behavior in all its grunge and glory – cannot be replaced.
Books, films, non-fiction, graphic novels, and poems are not merely material to be scraped, stolen, and exploited. They’re not “a data set to be ingested by an AI program”, they hold our past, our future, our quotidian lives, they teach us what it is to be human. This is a writer’s work.
The message is clear – Support the writers.
4 Market Trends To Consider Before Buying Or Selling Your House
The real estate market is in constant flux. This endless shuffling has homeowners across the country searching for a solution. Should they rent, sell, buy, or simply wait out the storm?
Given the all-time high housing prices, there are those who’ve lived in the same house for decades and are considering selling and cashing out for retirement before their home value drops. Americans are even questioning the upside of owning a house.
Since we never can predict how the market will perform, we’ve assessed the trends we’re seeing out there and broken down four of the biggest housing trends at the moment:
1. Loss of Equity:
For years, homeowners have watched their equity steadily rise. But in 2023, for the first time, anyone with a mortgage saw a decrease of 0.7% year-over-year. This may not seem like a lot, but it's a collective loss of $108.4 billion — or $5,400 per borrower!
That said, should homeowners tap into their home equity now before they lose more? Despite the stress and uncertainty, there’s no rush. As much as the market can decline, it will always bounce back at some point.
2. Inflation:
The cost of everything’s soaring — consumer goods, produce, travel, gas, and electricity. It can be tough to pay those bills and make each mortgage payment in a timely fashion. And if you have a big family? Forget it, many are living paycheck-to-paycheck.
The phrase house rich, cash poor is a reality for an increasing number of homeowners. Is this the American dream we’ve all been promised? Owning your home yet drowning under such an exorbitant cost of living may be too steep of a price to pay for most people.
3. High Demand and Low Supply :
The housing market has looked like this since Covid-19 as high demand remains a constant in an ever-changing market. Potential homeowners have various reasons for buying their homes — Baby Boomers and Gen Z’s seek to improve their living conditions, while Millennials and Gen X-ers seek stability. Regardless of your age, using home equity to build wealth is something all generations can agree on but is it even feasible these days?
By selling your home and leasing it back, homeowners can get the full equity out of their homes without taking on debt or moving. What an exceptional way to stay ahead of a fluctuating market and save money on outrageously high-interest rates. This gives you leeway to set a budget that covers a stable monthly lease payment because you now have financial flexibility.
Learn More Here
4. Interest Rates:
Generally, it’s assumed that owning a home is more economical than renting. But according to a recent stat, from January 2023 to date, it is actually cheaper to rent by an average of 17% — crazy!
So, does this mean all people who own their homes are losing money? Not necessarily, because a sale-leaseback is an excellent option. Essentially, a sale-leaseback blends two common transactions: a home sale and a lease.
We’re all feeling the effects of the current economy and housing market but there are some ways to take control of the situation. Sale Leasebacks are really growing in popularity in the U.S. Unlike a traditional sale when you work with a sale-leaseback specialist, there’s no listing, showing, packing, moving, waiting, or worrying about the buyer’s mortgage approval. You can sell high now and then rent until housing prices are lower.
Purchase of your home can happen in as little as 30 days, and your lease starts immediately upon closing. No matter if you're in the midst of moving to a new home or are finalizing renovations, you can utilize a sale-leaseback to stay put while your dream home is completed.
So, if you’re in between houses or a renovation, using this brilliant solution can help save. Plus, the money you receive from the sale can be used for anything you want — tackle inflation, pay off debt, diversify investments, or plan for retirement.
Many people lack the skills and knowledge — let alone the confidence — to do their own research and take action. But there are expert sale-leaseback advisors and real estate experts out there who are happy to help you to free up your home equity and plan for your financial future.
Working with an experienced sale-leaseback company can allow you to protect your wealth against volatile home values and diversify your investments into income-generating assets such as stocks. More importantly, you have access to cash to use during the times you need it most.
We recommend Truehold, a trusted source and the best provider of sale-leasebacks in the US. Unlike other real estate companies, they’re on a mission to help provide trustworthy financial and real estate alternatives for those who want to access their home equity and stay in their homes.
Let go of the financial stress of home ownership. Reach out to the Truehold team today and continue enjoying the home you live in.
The Ultimate Real Estate Hack: How Sale-Leasebacks Can Aid Your Finances!
With the soaring costs of living in cities across the US, many homeowners increasingly feel like they’re house-rich and cash poor. Back when they made that initial investment, they never imagined the unexpected financial challenges and everyday stress that owning a home can bring.
In 2023, many homeowners often find themselves at a crossroads. Should they grit their teeth hoping the housing market stabilizes? Are their expectations in owning a home matching up with the reality of ever-increasing interest rates? Do they simply put up with all the challenges that occur when you own a home like high mortgage payments and the costly cycle of home repairs? Or should they sell their family home, cash out of the equity they’ve earned, and move onward?
These are the kind of questions that keep our finance editors up at night. So, we scoured the internet for a solution. We were intrigued when we discovered something called the home sale-leaseback.
Just what is this sale-leaseback thing? A sale-leaseback blends two common transactions: a home sale and a lease. By selling your home and leasing it back, homeowners can get the full equity out of their homes without taking on debt or moving. It’s a win-win.
Here are 5 reasons why sale-leasebacks may be perfect for you:
1. Reduced Expenses/Taxes
Freeing up your assets with a home sale-leaseback arrangement can help you pay off that mortgage and even avoid taking on more debt. Stop paying for major repairs and maintenance, property insurance, and property taxes. Establishing a budget that covers a stable monthly lease payment and utilities allows for more financial flexibility and peace of mind.
2. Disposable income
People typically use their all-cash home equity proceeds from a home sale-leaseback to:
- Invest or diversify investments
- Pay off debt
- Plan for retirement investments or travel
- Buy or renovate another home
- Cover unexpected financial or healthcare costs
BONUS: In general, if you are an individual who has owned and lived in your home for at least two out of the past five years, you do not have to pay federal income taxes on the first $250,000 of profit on your home sale. In general, married couples filing jointly, you do not have to pay federal income taxes on the first $500,000 of profit.
3. Flexibility/Less Stress
Yes, you can sell your home and keep living in it uninterrupted! Unlike a traditional sale, when you work with a sale-leaseback specialist, there’s no listing, showing, packing, moving, waiting, or worrying about the buyer’s mortgage approval. Purchase of your home can happen in as little as 30 days, and your lease starts immediately upon closing. If you're in the midst of moving to a new home or are finalizing renovations, you can utilize a sale-leaseback to stay put while your dream home is completed.
Learn More Here
4. Build a financial legacy for your children
Providing for your family is essential, creating stability and opportunity for the next generation. It’s quite liberating to have access to disposable income that you can either put toward investments or that grants you the flexibility to move for the sake of your family's future.
5. Work With Trusted Experts
Sure, you can google it but why spend the time when expert sale-leaseback advisors are happy to talk you through the process? Working with a real estate expert will allow you to free up your home equity and plan for your financial future. Working with an experienced sale-leaseback company can allow you to protect your wealth against volatile home values and diversify your investments into income-generating assets such as stocks. More importantly, you have access to cash to use during the times you need it most.
After extensive research, we identified Truehold as the absolute best sale-leaseback provider in the US. They're the best choice for homeowners who want to unlock their home equity, debt-free, without having to move. It’s comforting to know that they provide trustworthy financial and real estate alternatives for those who want to stay in their homes. Truehold buys your house and leases it right back to you - easy-peasy.
Thanks to Truehold’s fantastic sale-leaseback, you can let go of the financial stress of home ownership. Reach out to the Truehold team today so you can continue enjoying the home you love with fewer worries and more money for whatever life has in store.
She’s Black. She’s Gay. And an Émigré - Karine’s At Home In The Briefing Room
The White House Press Secretary is the face of the administration they represent...in more ways than one. Whoever fills this crucial role provides the official response to a multitude of questions, concerns, outrages, and challenges. And that person’s attitudes and actions shape the way we perceive the White House and the President’s basic relationship to the press corps, the American public, and the historical record.
In recent years, some real doozies – and don’t-sees – have filled the post. The estimable Jen Psaki brought much needed coherence and sanity to the role. And the new Press Secretary Karine Jean-Pierre is an even more welcome change in governmental circles. Representation matters, so as the first black person and the first openly LGBTQ+ person to hold the job, Ms. Jean-Pierre’s appointment is already something for the history books. Born in Martinique, Jean-Pierre was raised in Queens, New York and currently lives in Washington, D.C. with her partner, Suzanne Malveaux of CBS News, and their daughter Soleil.
May 16, 2022 was her first day as Press Secretary. Before she got down to dealing with the issues at hand, she took a moment to acknowledge this momentous achievement. As quoted by Insider, Ms. Jean-Pierre said:
“I am obviously acutely aware that my presence
at this podium represents a few firsts. I am a
Black, gay, immigrant woman, the first of all
three of those to hold this position. If it were
not for generations of barrier-breaking people
before me, I would not be here. But I benefit
from their sacrifices. I have learned from their
excellence, and I am forever grateful to them.”
Ms. Jean-Pierre brings some mighty impressive credentials to her latest role in the Biden administration. She served as Psaki’s Deputy Press Secretary and as Chief of Staff for current Vice President Kamala Harris’ 2020 bid for the White House. She’s been a spokesperson and Senior Advisor for MoveOn.org and a commentator for NBC News and MSNBC. Add to that, she played a role in Barack Obama’s 2008 and 2012 campaigns.
In a political scene which fosters and harbors a thousand different kinds of hatred, here’s a woman who embodies inclusion, diversity, and the richness of American life.
Interested in learning more about the fascinating Ms. Jean-Pierre? Check out her inspirational 2019 memoir Moving Forward: A Story of Hope, Hard Work, and the Promise of Americahere.Honor Molloy is a novelist and award-winning dramatist who’s working on unknown22 – a play about a young woman who's been drifting in the currents of the East River for 150 years.
Way To Make Your Mother Proud, Supreme Court 🙄
80% of Americans believe abortions should be legal, so it’s time, people - time for us to... Get up, stand up / Stand up for your rights
Less than a week before Mother’s Day, Politico published a leaked draft opinion revealing that the Supreme Court's conservative majority of justices are ready to strike down two rulings on abortion rights, including Roe V. Wade the 1972 landmark decision that made abortion a federally protected right in the United States.
Since the Roe v. Wade ruling and the 1992 Planned Parenthood v. Casey ruling that affirmed the Roe decision, the court has never allowed states to prohibit the termination of pregnancies prior to fetal viability outside the womb – that’s roughly 24 weeks.
The news sent shock waves around the world ...and with good reason. Roe guaranteed women’s right to have an abortion without excessive government restriction. Written by Justice Samuel Alito, the Supreme Court draft majority opinion shows what could happen if the court overturns Roe v Wade.
Jesse Wegman brilliantly summed up the dire situation in a recent opinion piece in the NYTs: “If the holding in the draft opinion stands, it will mark an astonishing moment in our history: the elimination of an existing constitutional right, one that millions of American women (not to mention the men who impregnated them) have relied on for nearly half a century.”
Though the draft was leaked by a person or persons unknown, the Court has acknowledged that the leak is genuine. Not all Washington conservatives agree with what's assumed to be the Court’s position, but it fits within the Right’s larger policies attacking and penalizing women, the poor, and people of color. Should Roe be overturned, the greatest impact will be felt by minority women.
As journalist Manuella Libardi has written:
“...the reality is that abortion is only illegal for poor women. Women with resources can always interrupt their unwanted pregnancies…
Restricting access to safe abortions keeps poor women in poverty, perpetuates the cycle that prevents them from social mobility, and allows wealth to remain in the hands of the rich, particularly white men.
Deciding if and when to have a child is essential for a woman’s economic and psychological well-being: it has implications for her education and for entering the workforce.”
The consequences of overturning Roe V. Wade and letting individual states determine their stances on abortion are frightening. No matter what the Court’s decision is, women will still need to have abortions for personal, medical, and legal reasons. It’ll just be harder to arrange – and far more treacherous.
A deputy spokesperson for United Nations Secretary-General António Guterres stated that “reproductive health and rights are essential to achieve equality around the world. The secretary‑general has long believed that sexual and reproductive health and rights are the foundation for lives of choice, empowerment, and equality for the world’s women and girls...Without the full participation of 50% of its population, the world would be the biggest loser.”
The Leak
The drafting of Supreme Court opinions is a fluid and dynamic process, so the document is not the court's final ruling. A work-in-progress, the leaked opinion is marked "first draft" and was dated Feb. 10, 2022. That’s two months – or 8 fetal weeks – after oral arguments were heard in the Mississippi case Dobbs v. Jackson Women's Health Organization.
This is a document that citizens were never supposed to have seen. Following Politico’s publication of the draft, Chief Justice Roberts announced that the Marshal of the Court – its chief operations and security officer – will investigate the source of the leak.
"Court employees have an exemplary and important tradition of respecting the confidentiality of the judicial process and upholding the trust of the Court. This was a singular and egregious breach of that trust that is an affront to the Court and the community of public servants who work here," Roberts said.
Just Who's On That Bench?
Liberal Judges: Sonia Sotomayor, Elena Kagan, Stephen Breyer
Conservative Judges: Chief Justice John Roberts, Clarence Thomas, Samuel Alito, and the three Trump-appointed justices Brett Kavanaugh, Neil Gorsuch, and Amy Coney Barrett
The Court has a blatantly partisan crop of justices who appear prepared to overturn Roe outright. The draft opinion has the support of at least four of Chief Justice Roberts’ colleagues, according to Politico: Justices Thomas, Gorsuch, Kavanaugh, and Barrett – the only woman in the majority.
It’s rumored that Roberts – ostensibly committed to the court’s reputation and established precedent – may attempt to convince one of his conservative colleagues to join him in a narrower opinion that would not completely overturn Roe v. Wade.
The State of the States
Abortion is currently legal in all 50 states, but over the past several decades many states have passed laws that limit access – most recently in Oklahoma, Florida, and Texas. Should the Supreme Court rule to overturn Roe, the power to decide abortion access would rest with each state’s elected leaders.
According to the reproductive rights organization The Guttmacher Institute, over half of the nation's 50 states are prepared to ban it. Twenty-one states already have laws on the books that would ban it immediately, with five additional states likely to.
States planning to ban abortion are clustered in specific geographic regions – including the American South – where women will have to travel hundreds of miles at a greater inconvenience and cost. Imagine you’re 15 years old, you're pregnant, and you live in Cyclone, WV, on Tribal Land in Tahlequah, OK, or Belle Glade – one of Florida's poorest cities and only an hour's drive from Mar-a-Lago. The denial of your right to health, education, and selfhood would be insurmountable.
As Langston Hughes challenges: “What happens to a dream deferred?”
Many attempts have been made on both the state and federal levels to overthrow or curtail the right to abortion. And more are sure to be made in the wake of the Supreme Court’s decision. If Roe goes away, states can allow it, regulate it, or outlaw it.
And-so. Let’s get down to it – I am sick to death of these men using words as sticks to beat us with. Blithely tossing around terms like trust and betrayal of confidences: LIKE. THEY. CARE one atom about trust, confidence, betrayal.
“Roe was egregiously wrong from the start,” Justice Alito’s draft states. “It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.”
In a statement issued Wednesday, Chief Justice John Roberts called the leaked draft a "singular and egregious breach" of trust.
I’m particularly struck by these two Justices' use of the word egregious so I dug into its etymological roots:
Originating in the 1530s, egregius comes from the Latin ex = ‘out of’ + grex or greg = ‘flock’ – literally ‘rising above the flock’ – illustrious, distinguished, excellent, extraordinary.
Egregious. What a precise word to define the leaker’s singular and extraordinary act of courage. To rise above the herd and step bravely in front of a butcherous, onrushing train...
Let’s call this for what it is. This is a chronic, concerted attack on gender, race, income equity, our health, and the well-being of our country. We are human beings who grew within, merged, and emerged from a body – a body that bore us in blood, torment, and pain. Once. Before we were born, we were one with our mother.
At this moment in America, our bodies (regardless of gender), our body of law, our body of government are in great peril.
We are one body – and we need to treat ourselves with the highest regard.
Let’s end this terrifying war on reproductive health, this war on all Americans.
Get up, stand up / Stand up for your rights
Get up, stand up / Don't give up the fight
Honor Molloy is a novelist and dramatist whose work often addresses reproductive rights. Madame Killer is a Gothic Noir set in 19th-Century Manhattan. In 2020, Round Room won Origin First Irish Theatre Festival's Best Play Award.