America’s “Cradle of Liberty” is fast becoming the cradle of high costs.

With home prices nearly double the national average, Boston is facing a generational drain as high-skilled workers flee the city’s rising cost of living for greener — and cheaper — pastures in the South.

According to the 2026 Young Residents Survey, commissioned by the Greater Boston Chamber of Commerce Foundation, there is a growing crisis of confidence among the city’s most vital demographic: 26% of residents ages 20 to 30 plan to leave the Boston metro area in the next five years.

Additionally, the area’s life satisfaction rate has fallen from 89% to 79% in just a three-year period. Seventy-eight percent of respondents cited the cost of rent as the catalyst, while 72% cited the inability to buy a home as the primary reason for leaving.

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Of those planning to leave the Northeast, nearly half are heading south.

Young Bostonians ages 20 to 30 are increasingly planning to leave the city in the next five years. (Getty Images)

“As the region struggles with a housing crisis, young residents across demographics shared concerns regarding housing availability and affordability,” the Foundation said in a press release. “When asked about the most urgent issues for local leaders, respondents noted that housing, health care accessibility and availability of quality jobs should be prioritized.”

The median asking rent in Boston sits at $2,918 as of March, Realtor.com data shows, which surpasses rents in New York City, San Francisco and Los Angeles. Its median home listing price is $832,500, almost double the national median.

While the city produces thousands of graduates from Harvard and MIT, many can no longer afford to stay and contribute to the local economy.

“Young residents bring vitality and innovation to Greater Boston, building communities and leading our economic growth. However,” the Foundation said, “the region’s affordability continues to be a concern as young residents struggle to seize opportunities that outweigh challenges, like housing and career growth. Competitor states that are more affordable may be appealing to young residents who are eager to find housing to rent or purchase that is more affordable and accessible.”

Despite Gov. Maura Healey’s $5 billion-plus Affordable Homes Act, the state’s progress has been slow to nonexistent, leaving residents frustrated with the lack of results. Massachusetts even received an “F” grade on the Realtor.com State-by-State Housing Report Card for falling behind on affordability and construction.

“Over the last three-and-a-half years, we’ve got 100,000 homes in the pipeline. Is it enough? No,” Gov. Healey said during a recent radio segment. “I need every community in the state to understand that housing is fundamental to the vibrancy of our neighborhoods.”

Economists warn that while a mass exodus might temporarily cool rent prices, the long-term damage to the labor market and innovation sector could be permanent.

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“Boston’s young people are overwhelmingly high-skilled college graduates who play an important role in the job market, entrepreneurship and innovation scene, and the local service economy, too,” Realtor.com senior economist Jake Krimmel told the real estate outlet.

“That’s the root of Boston’s rental market crisis: a seemingly never-ending supply of young, educated renters but never enough supply of rental housing for them,” he added.

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DUBAI, United Arab Emirates — Tensions erupted in the Strait of Hormuz on Monday as the United States launched “Project Freedom” to guide stranded commercial vessels through the vital waterway, only for conflicting claims of attacks to surface within hours. The UAE accused Iran of drone strikes on an oil tanker, while Iranian media alleged a missile hit on a U.S. warship — a claim swiftly denied by American forces.

U.S. Central Command confirmed two American-flagged merchant vessels successfully transited the strait as part of the operation announced by President Donald Trump. CENTCOM also reported guided-missile destroyers operating in the Gulf after passing through the waterway, emphasizing support for commercial shipping and enforcement of a naval blockade on Iranian ports.

“No U.S. Navy ships have been struck,” CENTCOM stated on X. “U.S. forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports.”

The operation aims to free dozens of tankers and cargo ships trapped in the Persian Gulf since the recent U.S.-Israeli conflict with Iran disrupted transit. Trump described the effort as a “humanitarian” move to assist vessels running low on supplies, deploying significant assets including over 100 aircraft, unmanned platforms and 15,000 personnel.

UAE Condemns Iranian Drone Attack on Tanker

The United Arab Emirates strongly condemned what it called an “Iranian terrorist attack” on a tanker linked to state-owned Abu Dhabi National Oil Company (ADNOC). The vessel was targeted by two Iranian drones while attempting to pass through the strait, according to the UAE Foreign Ministry. No injuries were reported.

Senior UAE official Anwar Gargash described the incident as “an act of maritime piracy.” The attack occurred amid heightened alerts, marking the first missile alert in the UAE since an earlier ceasefire.

UK Maritime Trade Operations separately reported a tanker struck by unknown projectiles about 78 nautical miles north of Fujairah, UAE, with all crew safe. Another cargo ship faced assault by multiple small craft nearby.

Iranian Claims and U.S. Rebuttals

Iranian state media, including Fars news agency, claimed Iranian forces struck a U.S. Navy frigate with two missiles after it ignored warnings near Bandar-e-Jask. Tehran said it forced the warship to turn back and warned any foreign forces entering the strait would be targeted.

A senior Iranian official told Reuters a warning shot was fired. Iran’s Islamic Revolutionary Guard Corps rejected U.S. assertions that commercial ships crossed the strait, calling them “baseless lies.”

CENTCOM and U.S. officials firmly denied any damage or successful strike on American vessels. The denials came quickly after Iranian reports, underscoring a pattern of competing narratives in the volatile region.

Background on Project Freedom

Trump unveiled the initiative Sunday, pledging U.S. support to reopen the strait, a chokepoint carrying about 20% of global oil trade. Ships have been stranded for weeks due to Iranian threats and the broader conflict, disrupting energy markets and supply chains.

U.S. officials indicated the operation focuses on coordination and guidance rather than direct escorts for every merchant vessel in the initial phase. Destroyers and air assets provide overwatch. The move follows a fragile ceasefire, raising fears of renewed escalation.

Iran views the U.S. action as a violation of the truce and has threatened retaliation. Its military warned commercial vessels against uncoordinated movements.

Global and Economic Implications

The incidents sent oil prices spiking early Monday amid fears of prolonged disruption. Shipping companies expressed caution, with some rerouting vessels around Africa despite higher costs. Insurance rates for Gulf transit have surged.

International reaction was swift. Allies in the Gulf expressed support for freedom of navigation, while calls for de-escalation came from European capitals. The UK and others monitor the situation closely through maritime agencies.

Analysts warn that miscalculations in the narrow strait — just 21 miles wide at its narrowest — could trigger wider conflict. Historical incidents, including 2019 tanker attacks attributed to Iran, highlight the risks.

Regional Context and Ceasefire Fragility

The strait has been a flashpoint since the U.S.-Israeli campaign against Iranian nuclear and proxy assets. The ceasefire, reached in early April, appeared to hold tenuously until recent provocations. Project Freedom tests its limits.

Iran maintains it controls access and will defend its waters. The U.S. insists on upholding international norms for open maritime passage. Negotiations continue behind the scenes, with Trump hinting at possible “very positive” outcomes from indirect talks.

For crews on stranded ships, the operation brings hope but also danger. Seafarers have reported dwindling supplies and anxiety over potential attacks.

What’s Next

U.S. forces plan continued operations to guide additional vessels in coming days. CENTCOM has not detailed exact numbers or timelines but stressed a phased approach. Iran’s response could determine whether the first day’s chaos escalates or stabilizes.

Diplomatic efforts intensify as the UN and regional players urge restraint. Markets and militaries worldwide watch closely, aware that events in the Strait of Hormuz ripple across the global economy.

As night fell Monday, reports of further incidents remained unconfirmed. Authorities urged vigilance, while shipping associations advised members to await official clearances before attempting transit.

The chaotic launch of Project Freedom underscores persistent volatility in U.S.-Iran relations and the high stakes for energy security. Whether Monday’s dueling claims lead to diplomacy or deeper confrontation will shape the region’s trajectory in the weeks ahead.

Ask.com, one of the internet’s earliest search engine competitors, has shut down its search business after nearly 30 years, marking the latest contraction in a market dominated by a handful of major players.

Parent company IAC said the move reflects a broader strategic shift away from legacy search operations.

“As IAC continues to sharpen its focus, we have made the decision to discontinue our search business, which includes Ask.com,” the company said in a notice posted on its website. “After 25 years of answering the world’s questions, Ask.com officially closed on May 1, 2026.”

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Ask.com has shut down its search business after nearly 30 years. (Getty Images)

The shutdown underscores how the once-crowded search industry has consolidated over time, leaving smaller or legacy platforms unable to compete at scale.

The Ask Jeeves home page is seen in 2005. (Adam Berry/Bloomberg via Getty Images)

The message thanks users and employees and concludes: “Jeeves’ spirit endures.”

Ask.com was founded in 1996 and launched in 1997 as Ask Jeeves, featuring a butler mascot and a question-based search format that allowed users to enter queries in plain language.

IAC acquired the company in 2005, and it was rebranded as Ask.com in 2006 as part of an effort to broaden its appeal.

An image of the Ask.com website. (Newscast/Universal Images Group via Getty Images)

The company stopped developing its own search technology around 2010 and later pivoted toward a question-and-answer format as competition intensified.

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Its closure marks the end of one of the web’s early search brands and reflects broader consolidation trends across the technology and digital advertising sectors.