What's up Basis Pointers, as we kick off summer with mortgage rates near 7%, we've updated our calculations of income needed to buy median priced new homes at $420k and existing homes at $389k.

We do these calculations exactly as lenders do when pre-approving borrowers, and despite unaffordable headline chaos, the math is surprisingly doable, even with 5% down and accounting for non-housing debt like credit cards, student loans, car loans, etc.

In Apple coolness news, we just have to ask: Will Apple Vision Pro make AR headset wearers less punchable?

We quickly recap The Glasshole Era from Google Glass to Meta Ray-Ban Stories (privacy invasion alert!) and how Apple Vision may finally punch out the glassholes. Lower Haighters in San Francisco rejoice.

Meanwhile, the SEC is pulling no punches with 2 major crypto actions. Their Coinbase and Binance complaints are both worth reading.

Favorite SEC quote in the Coinbase suit:

"You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones."

Mortgage folks would like to welcome crypto folks to real-world regulation.

Have a great day, and we can't wait to read your punchy replies ?

Julian