Aug 14 2015

The Average Net Worth by Age: The massive financial chicanery brought on by housing equity figures and the new real estate bubble.

The best indicator of wealth is your net worth.  Take you assets and subtract out your liabilities.  It should come as no surprise to most Americans that half of this country is living paycheck to paycheck.  One third of Americans have zero dollars for their net worth or in many cases for young Americans, have […]

Jul 28 2015

You Cannot Afford a $250,000 Home with a $50,000 Household Income!

People are still surprised why new home sales remain anemic and new home building is simply not materializing.  The latest Census data shows that the typical new home sold for $281,000.  At the same time we also realize that your typical U.S. household is making about $50,000 per year.  The reason home sales remain weak […]

Oct 17 2014

How Americans go poor by spending money on housing and related expenses: Americans spend 33 percent of their income on housing-related items.

People tend to think that buying a home means only paying principal and interest.  Most conveniently forget the other myriad of expenses associated with being a homeowner.  As Americans find less disposable income in their bank account each month, less Americans are becoming homeowners.  The middle class is moving away from the American dream because […]

Jun 18 2014

Generation R – Millennials are largely living at home or opting to rent. What happens when homeownership is less accessible to younger Americans?

There is a big challenge when someone comes of age during an economic crisis. Millennials, the children of baby boomers born between 1982 and 2000 have largely grown into an economy that was fully in shambles. This is a generation that grew up with parents talking about the middle class as if it were a […]

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