Best Apartment Rooftops in Oakland
Find your favorite apartment rooftop in Oakland and fill out an application today.
The post Best Apartment Rooftops in Oakland appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
Find your favorite apartment rooftop in Oakland and fill out an application today.
The post Best Apartment Rooftops in Oakland appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
Buyer sentiment data shows that potential new homeowners are chilling out about purchasing in this seller’s market.
The post June 2021 Signals Indicate Housing Market Easing appeared first on RealtyBizNews: Real Estate Marketing & Beyond.
We have a job opportunity to share from a member of the GEM, Condos.com, a new and pre-construction marketplace: CTO. The opportunity: Job Description – How Will You Make an Impact? Work with our CEO and leadership team to set the technical direction, strategy and…
The post Proptech Job Opportunity: CTO for Condos.com appeared first on GeekEstate Blog.
A proposed project in Baldwin Village would bring 800 apartments, including housing for low-income residents, above a Costco, as well as 400 jobs.
What percentage of your income can you afford for mortgage payments? Do you use gross monthly income or take-home pay? Learn how much house you can afford with simple rules based on your monthly income.Limit mortgage payments to less than 28% of your pretax income. Total debt payments, mortgage included, should be less than 40%.
The post What Percentage of Your Income Should Your Mortgage Be? appeared first on Money Under 30.
Besides having a spending plan and saving for retirement, one of the major tenets of financial wellness is to have a healthy emergency fund. But the reality is that when youâre juggling multiple financial prioritiesâor simply have a rough time covering your bills each monthâbuilding the recommended three to six months for the unexpected is
The post How to Kickstart an Emergency Fund appeared first on MintLife Blog.
Got questions on how an emergency fund should work? This video has answers.
The post What is an emergency fund? Here’s what you need to know appeared first on Discover Bank – Banking Topics Blog.
As you probably already know, I’m a nerd. I’m such a nerd that during my spare time I like to read books about money. But more and more, regular personal-finance manuals aren’t enough. I crave something nerdier! And so, I’ve begun to research the history of retirement. Right now, I have four or five books on my office desk that are all about the origins and evolution of retirement.
Turns out, retirement wasn’t always considered desirable (at least not for employees). In the olden days — back in the late 1800s — “mandatory retirement” caused a great deal of resentment among older workers and there was a popular backlash against it. People wanted to keep working, but as big corporations rose to prominence and power, they pushed for a younger workforce.
I haven’t really read enough about the history of retirement to write intelligently on the subject, but I wanted to share a quick observation on the nature of retirement in 2018.
You see, while the idea of retirement might be relatively young, it’s achieved a level of complexity that I find fascinating. Retirement is no longer one thing. It’s many things. Or many possibilities. I thought it might be fun to visualize what I consider the five most common kinds of retirement in our current economy. (Note: Yesterday, we looked at the standard definition of retirement — and how there’s not really any standard definition at all.)
During the 20th century, a standard model of work gained prominence in the United States (and other developed countries). You got a good job, you worked hard for forty or fifty years, and then you retired around age sixty to enjoy the last decade or two of your life. (Your retirement was funded through some combination of company pension, personal savings, and government aid.)
Graphed, the traditional model of work looks like this:
By the 1970s and 1980s, standards of living had risen enough that some folks began to challenge traditional assumptions, even embraced the idea of leaving the workplace.
“Why should we wait until the end of our days to make time to enjoy life?” they wondered. “There’s got to be a better way.”
This “better way” turned out to be early retirement. These brave pioneers ran the numbers and demonstrated what would have been an impossibility just a few decades before. If you worked hard to increase your income while simultaneously striving to keep costs low, it was possible to save enough so that you can stop working at fifty. Or 45. Or forty.
Graphed, the early retirement model looks like this:
The key difference between early retirement and traditional retirement is your saving rate.
The traditional retirement model requires a saving rate of 10% (or maybe 20%). The early retirement model requires you to save half your income — or more. If you’re diligent and build a wealth snowball, you’ll eventually reach a “crossover point” (as described in the 1992 classic Your Money or Your Life): The income from your investments will be enough to support your spending. You’ll have reached financial independence.
These two approaches are the most popular paths to retirement, probably because they lead to permanent retirement. Once you stop working, you’re done. To folks still trapped in the Matrix, these might seem like the only options. But I believe there are at least three other types of retirement.
While visiting Raleigh earlier this month, I spent a morning with my pal Justin (from the excellent Root of Good blog) and his wife. As we sipped our coffee and nibbled our bagels, the conversation turned to cost of living. (Money nerds will be money nerds, after all.)
“Things are cheaper here in North Carolina than they are in Portland,” I said. “Food is cheaper. Beer is cheaper. Hotel rooms are cheaper. Your homes are cheaper too. Last night, as I was walking through the neighborhood next to my hotel, I pulled up the housing prices. I was shocked at how low they are!”
“Yeah, housing costs are lower here than in many parts of the country,” Justin said.
“Take our house, for instance. We bought it in 2003 for $108,000. Zillow says it’s worth around $198,000 right now. But I’ll bet that’s a lot less than you’d pay for a similar place in Portland.”
He’s right. Justin and his wife own an 1800-square-foot home on 0.3 acres of land. Their place has four bedrooms and 2.5 bathrooms. There’s only one place for sale in Portland right now that matches these stats and it’s going for $430,000 — more than twice the price the same home would fetch in Raleigh.
Housing is by far the largest slice of the average American budget, representing one-third of typical household spending. Because of this, the best way to cut your costs (and, therefor, boost your “profit margin”) is to reduce how much you spend to keep a roof over your head.
One obvious way to cut costs on housing is to choose a cheaper home or apartment. But if you truly want to slash your spending, consider moving to a new neighborhood. Or city. Or state. If you’re willing to change locations, you can supercharge your purchasing power and accelerate your saving rate.
Cost of living is one of those factors that people seldom consider, but which can have a huge impact on the family budget â sometimes in unexpected ways. According to The Millionaire Next Door:
Living in less costly areas can enable you to spend less and to invest more of your income. You will pay less for your home and correspondingly less for your property taxes. Your neighbors will be less likely to drive expensive motor vehicles. You will find it easier to keep up, even ahead, of the Joneses and still accumulate wealth.
It’s one thing to talk about the effects of high cost of living, but another to actually experience it.
For a while now we’ve been talking about the Obama administration’s Making Homes Affordable Refinance and Loan Modification program.  We looked at who was eligible for the program, and what you needed to do in order to push through your own refinance or loan modification.  According to the administration the plan was going to be […]
The post Making Home Affordable Refinance Program Eases Eligibility To Allow For Higher Maximum Loan-To-Value Ratio appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.