U.S. homeownership rate is 63.4%, the lowest since 1967. Bloomberg blames it on a combination of "stringent mortgage standards and wage growth that hasn’t kept up with surging home prices." As a result, rental vacancy rates a falling and rental rates are increasing.
“We’re still suffering the effects of the housing collapse and the financial crisis,” said Mark Vitner, senior economist with Wells Fargo Securities in Charlotte, North Carolina. “We may have another percentage point to go before we see a bottom” in the homeownership rate, he said.
New US Census Bureau data shows that while the median household income for the United States (and 14 states within the USA) increased a bit from 2017 to 2018, “income inequality was significantly higher during the same period for the nation and nine states…. Maryland ($83,242) was among the states with the highest median household […]
Microsoft co-founder Bill Gates made some comments this week on the ‘tax the rich’ ideas making the rounds in America. Taxing the rich is fine, he said in an interview with The Verge, and “more progressive” taxes on the ultra rich are okay. Gates then went on to characterize Alexandria Ocasio-Cortez as an ‘extreme’ politician […]
California is the United States agricultural juggernaut. Produce from California feeds the world and drives one of the largest economies on the planet. A side-effect of Trump’s beloved, family destroying ICE raids is a massive labor shortage. Fruit rots on the vine. Children lose their parents. Via Bloomberg: Their absence threatens segments of the largest […]
Between all of our apps, streaming devices, Bluetooth speakers, and energy-sucking decorations, paying for utilities each month can be…brutal. In fact, the average household spends roughly $70 a month on the water bill alone. That number might not seem terribly significant, but when you add it up, that’s $840 a year — a pretty significant […]
Seems like no matter what kind of wireless earbud you buy, you’re sacrificing something: Sound for longevity, battery life for durability, the list goes on. Finally, it seems like the tech is starting to come together for the full package in a few newer models. Case in point: These PaMu Slide Bluetooth 5 In-Ear Headphones. […]
If you’re doing any kind of data work, chances are you’re working in Excel. This venerable platform has evolved beyond its roots as a workhorse spreadsheet creator into an essential tool for data analysts and other high-level number crunchers. Want to brush up on this year’s version of the software? There’s no quicker way than […]