Another unspoken cultural issue in America is getting worse.
Tag / Housing
Almost 25% Of Millenials Live At Home With Their Parents
Since 2005, the amount of millenials living at home has jumped from 13.5% to 22.5%.
What A $650,000 House Looks Like In San Francisco
The bay Area is suffering a major housing shortage.
Indiana Top State For Retirees Money To Last In Retirement
Looking for for a state to settle down in retirement and not have to worry about your nest egg dwindling very fast? Come on over to the Hoosier state. Continue reading →
Eminem Shows How Awful Detroit’s Real Estate Market Is
Rapper Eminem is not hurting for money. But his current financial endeavor out of Detroit’s housing market will cost him a few million dollars.
San Francisco May Start Seizing Elderly People’s Homes
The title above is no joke. San Francisco is facing a demographic drought of children living in the city. Continue reading →
Explosion of College Text Book Prices
Economist Mark J. Perry has a new chart out showing overall inflation, especially in college textbooks.
Fort Wayne Fourth in Nation For Housing Affordability
WalletHub.com recently did a study titled “2015’s Best & Worst Cities to Start a Career”. The study looked at 150 U.S. cities and used 19 key metrics to find out how cities ranked for young people starting a career.
One stat that popped out was Fort Wayne, Indiana being in the Top Five for housing affordability.
One being the best and 150 being the worst, Indianapolis graded out at 92 and Fort Wayne was 103.
Rich People Are Moving To Toronto?
Somewhat surprising article from UK Telegraph but good economic trend they investigated. Read whole article here but below is a snippet.
Toronto is towering above the rest of the world’s luxury property markets, as the only city to record an acceleration in the sales rate of high-end homes from 2013 to 2014.
The Canadian city, well known for its economic stability, experienced a 37pc increase in the sale of luxury penthouses, apartments and houses in the 12 months to the end of December, after just a 4pc rise in the previous year, outstripping San Francisco, Sydney and Miami, according to a report from Christie’s international real estate group.
The study, which ranks the top 10 urban centres by the growth in sales of exclusive properties, found that the rate also slowed in Los Angeles, New York and Paris, while transactions declined in London, Dubai and Hong Kong last year.
Housing Graph: Houston, TX Beats California
Mark J. Perry over at Carpe Diem Blog shows an amazing stat on the economy of Houston, Texas.
AMAZING CHART: From 2011 to 2014 (Jan-Oct), there have been more single-family permits issued in Houston than in CA http://t.co/5Abjn5vy0f—
Mark J. Perry (@Mark_J_Perry) December 03, 2014
Hoosier Econ 