NPR's Planet Money profiles Willow Tufano, a 14-year-old Florida girl who saved thousands of dollars by harvesting furniture from foreclosed houses and selling it on eBay. She's just bought half interest in a house that went for $100,000 at the peak of the bubble. Her mom owns the other half, and the house went for $12,000. They rent it out for $700 a month now. Chana Joffe-Walt writes,
One day, Willow's mom, Shannon, saw a two-bedroom, concrete-block home on auction for $12,000 — down from $100,000 at the peak of the bubble. Shannon was telling her husband about the house, when Willow piped up.
"I was like, 'What if I bought a house? That would be crazy,' " Willow says...
As I was working on this story, I kept thinking that when a 14-year-old kid can buy a house, the market must have hit bottom. I kept saying this to Willow, and she'd sort of vaguely nod.
But it's hard for Willow to see herself as symbolic of anything. To a 14-year-old kid in Florida, the housing collapse is basically the only world she's known. It's the landscape. It's a Craigslist hobby.
This 14-Year-Old Girl Just Bought A House In Florida
(Image: Chana Joffe-Walt)
Retired Brigadier General John Adams served for 30 years, including a stint as a military intelligence officer: in an op-ed in The Hill, he says that while he supports trade deals, the secretive Trans Pacific Partnership has almost nothing to do with trade, and will hasten America’s de-industrialization, making it harder for the US military […]
Microsoft’s deceptive hard-sell to gets users to “upgrade” to Windows 10 (the most control-freaky OS to ever come out of Redmond) is made all the more awful by just how much personal, sensitive, compromising data Microsoft exfiltrates from its users’ PCs once they make the switch.
Leonard Richardson isn’t just the author of Constellation Games, one of the best debut novels I ever read and certainly one of the best books I read in 2013; he’s also an extremely talented free/open source server-software developer who has been working for the New York Public Library on a software project that liberates every […]
To be a Pokémon master, you’ll need a phone that won’t constantly die on you. Because nothing is worse than seeing the screen go black right as you’ve finally found the Charizard of your dreams.That’s why we’re so excited about the LinearFlux PokeCharger Portable Battery ($39.99). With its 3.0 Amp HyperCharging technology, this slim battery will […]
The tech industry is constantly innovating, and in order to stay competitive, you’ll need to keep up. The Programming Into the Future Bundle was created to teach you the skills employers are looking for at this very moment, including in-demand coding languages like Google Go.The bundle of courses includes instruction on a range of innovative tools that advanced coders […]
If you’re running low on MacBook storage, your options are pretty limited. External hard drives mean toting around another piece of bulky equipment, and you probably don’t want a USB stick constantly protruding from your laptop.That’s why the Nifty MiniDrive for MacBooks is such a desirable alternative, and one of our top tech finds this year. You can add […]