The Lifespan of Large Appliances Is Shrinking
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,765,529 (+0.07%)       Melbourne $1,061,805 (-0.46%)       Brisbane $1,186,094 (+0.38%)       Adelaide $987,327 (-0.04%)       Perth $1,052,673 (+1.11%)       Hobart $806,091 (+0.44%)       Darwin $825,433 (-0.11%)       Canberra $1,005,177 (+0.42%)       National $1,159,451 (+0.19%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $794,685 (+0.13%)       Melbourne $525,265 (+0.24%)       Brisbane $757,814 (+0.48%)       Adelaide $562,424 (-0.12%)       Perth $612,905 (+3.19%)       Hobart $535,393 (-3.38%)       Darwin $466,168 (+1.24%)       Canberra $473,489 (-1.90%)       National $613,736 (+0.18%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 12,335 (+49)       Melbourne 14,682 (+158)       Brisbane 7,366 (-11)       Adelaide 2,521 (+4)       Perth 5,477 (-17)       Hobart 893 (+30)       Darwin 131 (-3)       Canberra 1,196 (-4)       National 44,601 (+206)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,383 (+28)       Melbourne 7,179 (+66)       Brisbane 1,302 (-29)       Adelaide 375 (-16)       Perth 1,180 (+6)       Hobart 170 (-5)       Darwin 226 (-2)       Canberra 1,200 (+10)       National 21,015 (+58)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $580 ($0)       Brisbane $675 (+$5)       Adelaide $630 ($0)       Perth $700 ($0)       Hobart $595 (-$3)       Darwin $720 (-$30)       Canberra $695 (-$5)       National $681 (-$5)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $760 (+$10)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $543 (+$3)       Perth $660 (+$10)       Hobart $463 (-$13)       Darwin $620 (+$20)       Canberra $580 ($0)       National $619 (+$5)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,344 (-1)       Melbourne 7,565 (+9)       Brisbane 4,088 (+18)       Adelaide 1,510 (-24)       Perth 2,362 (-52)       Hobart 180 (+16)       Darwin 83 (-3)       Canberra 419 (-14)       National 21,551 (-51)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,963 (+201)       Melbourne 6,141 (+60)       Brisbane 2,101 (-25)       Adelaide 442 (+11)       Perth 655 (-12)       Hobart 68 (-16)       Darwin 175 (-11)       Canberra 656 (+13)       National 18,201 (+221)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.36% (↓)     Melbourne 2.84% (↑)      Brisbane 2.96% (↑)      Adelaide 3.32% (↑)        Perth 3.46% (↓)       Hobart 3.84% (↓)       Darwin 4.54% (↓)       Canberra 3.60% (↓)       National 3.05% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 4.97% (↑)        Melbourne 5.84% (↓)       Brisbane 4.46% (↓)     Adelaide 5.02% (↑)        Perth 5.60% (↓)     Hobart 4.49% (↑)      Darwin 6.92% (↑)      Canberra 6.37% (↑)      National 5.25% (↑)             HOUSE RENTAL VACANCY RATES AND TREND         Sydney 1.2% (↓)       Melbourne 1.4% (↓)     Brisbane 1.0% (↑)      Adelaide 1.1% (↑)      Perth 1.0% (↑)        Hobart 0.4% (↓)       Darwin 0.6% (↓)       Canberra 1.4% (↓)     National 1.0% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.3% (↑)      Melbourne 2.3% (↑)        Brisbane 1.2% (↓)       Adelaide 0.9% (↓)       Perth 1.0% (↓)       Hobart 1.2% (↓)     Darwin 1.1% (↑)      Canberra 2.6% (↑)        National 1.4% (↓)            AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 27.9 (↓)       Melbourne 27.2 (↓)       Brisbane 28.1 (↓)       Adelaide 24.1 (↓)       Perth 32.3 (↓)     Hobart 27.1 (↑)        Darwin 31.5 (↓)       Canberra 26.6 (↓)       National 28.1 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 28.2 (↑)        Melbourne 27.3 (↓)     Brisbane 25.5 (↑)        Adelaide 21.2 (↓)       Perth 34.9 (↓)     Hobart 32.3 (↑)        Darwin 31.5 (↓)       Canberra 34.9 (↓)       National 29.5 (↓)           
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The Lifespan of Large Appliances Is Shrinking

Appliance technicians blame a push toward computerisation and an increase in the quantity of components inside a machine

By RACHEL WOLFE
Thu, Feb 22, 2024 8:50amGrey Clock 4 min

Our refrigerators, washing machines and ovens can do more than ever, from producing symmetrical ice cubes to remotely preheating on your commute home. The downside to all these snazzy features is that the appliances are more prone to breaking.

Appliance technicians and others in the industry say there has been an increase in items in need of repair. Yelp users, for example, requested 58% more quotes from thousands of appliance repair businesses last month than they did in January 2022.

Those in the industry blame a push toward computerisation, an increase in the quantity of individual components and flimsier materials for undercutting reliability. They say even higher-end items aren’t as durable.

American households spent 43% more on home appliances in 2023 than they did in 2013, rising from an inflation-adjusted average of $390 to $558, according to Euromonitor International. Prices for the category declined 12% from the beginning of 2013 through the end of 2023, according to the Labor Department.

One reason for the discrepancy between spending and prices is a higher rate of replacement, say consumers, repair technicians and others. That’s left some people wishing they had held on to their clunky ’90s-era appliances and others bargaining with repair workers over intractable ice makers and dryers that run cold.

“We’re making things more complicated, they’re harder to fix and more expensive to fix,” says Aaron Gianni, the founder of do-it-yourself home-repair app Plunjr.

Horror stories

Sharon J. Swan spent nearly $7,000 on a Bosch gas range and smart refrigerator. She thought the appliances would last at least through whenever she decided to sell her Alexandria, Va., home and impress would-be buyers.

That was before the oven caught fire the first time she tried the broiler, leading to a 911 call and hasty return. The ice-maker in the refrigerator, meanwhile, is now broken for the third time in under two years. Bosch covered the first two fridge fixes, but she says she’s on her own for the latest repair, totalling $250, plus parts.

“I feel like I wasted my money,” says the 65-year-old consultant for trade associations.

A Bosch spokeswoman said in an emailed statement that the company has been responsive to Swan’s concerns and will continue to work with her to resolve ongoing issues. “Bosch appliances are designed and manufactured to meet the highest quality standards, and they are built to last,” she said.

Kevin and Kellene Dinino wish they had held on to their white dishwasher from the ’90s that was still working great.

The sleeker $800 GE stainless steel interior dishwasher they purchased sprang a hidden leak within three years, causing more than $35,000 worth of damage to their San Diego kitchen.

Home insurance covered the claim, which included replacing the hardwood down to the subfloor and all their bottom cabinetry, but kicked the Dininos off their policy. The family also went without access to their kitchen for months.

“This was a $60 pump that was broken. What the hell happened?” says Kevin, 45, who runs a financial public-relations firm.

A GE Appliances spokeswoman said the company takes appliance issues seriously and works quickly to resolve them with consumers.

Increased complexity

Peel back the plastic on a modern refrigerator or washing machine and you’ll see a smattering of sensors and switches that its 10-year-old counterpart lacks. These extra components help ensure the appliance is using only the energy and water it needs for the job at hand, technicians say. With more parts, however, more tends to go wrong more quickly, they say.

Mansoor Soomro, a professor at Teesside University, a technical college in Middlesbrough, England, says home appliances are breaking down more often. He says that manufacturers used to rely mostly on straightforward mechanical parts (think an on/off switch that triggers a single lever). In the past decade or so, they’ve transitioned to relying more on sophisticated electrical and computerised parts (say, a touch screen that displays a dozen different sensor-controlled wash options).

When a complicated machine fails, technicians say they have a much harder time figuring out what went wrong. Even if the technician does diagnose the problem, consumers are often left with repairs that exceed half the cost of replacement, rendering the machine totalled.

“In the majority of cases, I would say buying a new one makes more economic sense than repairing it,” says Soomro, who spent seven years working at Siemens , including in the home-appliances division.

These machines are also now more likely to be made with plastic and aluminium rather than steel, Soomro says. High-efficiency motors and compressors, too, are likely to be lighter-duty, since they’re tasked with drawing less energy .

A spokeswoman for the Association for Home Appliance Manufacturers says the industry has “enhanced the safety, energy efficiency, capacity and performance of appliances while adding features and maintaining affordability and durability for purchasers.” She says data last updated in 2019 shows that the average life of an appliance has “not substantially shifted over the past two decades.”

When simpler is better

Kathryn Ryan and Kevin Sullivan needed a new sensor to fix their recently purchased $1,566 GE Unitized Spacemaker washer-dryer. GE wasn’t able to fix the sensor for months, so the couple paid a local technician $300 to get the machine working.

The repairman also offered them a suggestion: Avoid the sensor option and stick to timed dries.

“You should be able to use whatever function you please on a brand new appliance, ideally,” says Sullivan, a 32-year-old musician in Burbank, Calif.

More features might seem glamorous, Frontdoor virtual appliance tech Jim Zaccone says, but fewer is usually better.

“Consumers are wising up to the failures that are happening and going, ‘Do I really need my oven to preheat while I’m at the grocery store?’” jokes Zaccone, who has been in the appliance-repair business for 21 years.

He just replaced his own dishwasher and says he bought one with “the least bells and whistles.” He also opted for a mass-market brand with cheap and readily available parts. Most surprisingly, he chose a bottom-of-the-line model.

“Spending a lot of money on something doesn’t guarantee you more reliability,” says Zaccone.



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The Year’s Hottest Crypto Trade Is Crumbling

Selloff in bitcoin and other digital tokens hits crypto-treasury companies.

By GREGORY ZUCKERMAN AND VICKY GE HUANG
Mon, Nov 10, 2025 3 min

The hottest crypto trade has turned cold. Some investors are saying “told you so,” while others are doubling down.

It was the move to make for much of the year: Sell shares or borrow money, then plough the cash into bitcoin, ether and other cryptocurrencies. Investors bid up shares of these “crypto-treasury” companies, seeing them as a way to turbocharge wagers on the volatile crypto market.

Michael Saylor  pioneered the move in 2020 when he transformed a tiny software company, then called MicroStrategy , into a bitcoin whale now known as Strategy. But with bitcoin and ether prices now tumbling, so are shares in Strategy and its copycats. Strategy was worth around $128 billion at its peak in July; it is now worth about $70 billion.

The selloff is hitting big-name investors, including Peter Thiel, the famed venture capitalist who has backed multiple crypto-treasury companies, as well as individuals who followed evangelists into these stocks.

Saylor, for his part, has remained characteristically bullish, taking to social media to declare that bitcoin is on sale. Sceptics have been anticipating the pullback, given that crypto treasuries often trade at a premium to the underlying value of the tokens they hold.

“The whole concept makes no sense to me. You are just paying $2 for a one-dollar bill,” said Brent Donnelly, president of Spectra Markets. “Eventually those premiums will compress.”

When they first appeared, crypto-treasury companies also gave institutional investors who previously couldn’t easily access crypto a way to invest. Crypto exchange-traded funds that became available over the past two years now offer the same solution.

BitMine Immersion Technologies , a big ether-treasury company backed by Thiel and run by veteran Wall Street strategist Tom Lee , is down more than 30% over the past month.

ETHZilla , which transformed itself from a biotech company to an ether treasury and counts Thiel as an investor, is down 23% in a month.

Crypto prices rallied for much of the year, driven by the crypto-friendly Trump administration. The frenzy around crypto treasuries further boosted token prices. But the bullish run abruptly ended on Oct. 10, when President Trump’s surprise tariff announcement against China triggered a selloff.

A record-long government shutdown and uncertainty surrounding Federal Reserve monetary policy also have weighed on prices.

Bitcoin prices have fallen 15% in the past month. Strategy is off 26% over that same period, while Matthew Tuttle’s related ETF—MSTU—which aims for a return that is twice that of Strategy, has fallen 50%.

“Digital asset treasury companies are basically leveraged crypto assets, so when crypto falls, they will fall more,” Tuttle said. “Bitcoin has shown that it’s not going anywhere and that you get rewarded for buying the dips.”

At least one big-name investor is adjusting his portfolio after the tumble of these shares. Jim Chanos , who closed his hedge funds in 2023 but still trades his own money and advises clients, had been shorting Strategy and buying bitcoin, arguing that it made little sense for investors to pay up for Saylor’s company when they can buy bitcoin on their own. On Friday, he told clients it was time to unwind that trade.

Crypto-treasury stocks remain overpriced, he said in an interview on Sunday, partly because their shares retain a higher value than the crypto these companies hold, but the levels are no longer exorbitant. “The thesis has largely played out,” he wrote to clients.

Many of the companies that raised cash to buy cryptocurrencies are unlikely to face short-term crises as long as their crypto holdings retain value. Some have raised so much money that they are still sitting on a lot of cash they can use to buy crypto at lower prices or even acquire rivals.

But companies facing losses will find it challenging to sell new shares to buy more cryptocurrencies, analysts say, potentially putting pressure on crypto prices while raising questions about the business models of these companies.

“A lot of them are stuck,” said Matt Cole, the chief executive officer of Strive, a bitcoin-treasury company. Strive raised money earlier this year to buy bitcoin at an average price more than 10% above its current level.

Strive’s shares have tumbled 28% in the past month. He said Strive is well-positioned to “ride out the volatility” because it recently raised money with preferred shares instead of debt.

Cole Grinde, a 29-year-old investor in Seattle, purchased about $100,000 worth of BitMine at about $45 a share when it started stockpiling ether earlier this year. He has lost about $10,000 on the investment so far.

Nonetheless, Grinde, a beverage-industry salesman, says he’s increasing his stake. He sells BitMine options to help offset losses. He attributes his conviction in the company to the growing popularity of the Ethereum blockchain—the network that issues the ether token—and Lee’s influence.

“I think his network and his pizzazz have helped the stock skyrocket since he took over,” he said of Lee, who spent 15 years at JPMorgan Chase, is a managing partner at Fundstrat Global Advisors and a frequent business-television commentator.

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