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for the week of 2/27 to 3/4
The Basis Point WeeklyBasis - newsletter versionWelcome to WeeklyBasis, The Basis Point's roundup of your most read posts from Monday till now. In case you missed these or want a fresh look we're sharing them below. Would love to know your take. Please reply with thoughts.

Read crypto-friendly bank Silvergate 10k warning losses & reg crackdown may make it unviable

Silvergate did well banking crypto firms, but is now caught in the fallout. The bank said it earned $77.5m in 2021 but lost $948.7m in 2022.
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42% of homeowners have no mortgage, and may hold key to unlocking buyer inventory

Homeowners with 3% mortgages way less likely to sell, unlike those with no mortgage. Can this help supply in 2023? Here’s all the stats.
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8.1% more homes went under contract in Jan than Dec as rates dropped to 6%, but are we doomed now?

Jan pending home sales up 2nd straight month, most since June 2020. Feb likely worse with rate spike.
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How many billionaires & millionaires in U.S., and why a record number want move to other countries

White Lotus I'm so over the news cycle - how many billionaires in U.S. and how many want to leave America? - The Basis Point
Stats on how many billionaires & millionaires in U.S., why a record number want to relocate outside U.S. Plus industries they made their money, fave hotels, top second home cities.
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The Worst/Best Rich Family Assistant Job Ever Posted On The Internet

NYT just picked up on Emily Colucci's post about an Art World Family's delicious/vile job post to pay $65k to do literally everything in the most humiliating way possible. Here's Emily's original blog about it.
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