Wednesday, April 27, 2016

Helsinki Suburb Offers Millennials Cheap Rent if They Live in a Senior Center

Source: The Atlantic

  Helsinki reportedly has notoriously high rents, so millennials under the age of 25 took notice when they could grab a small studio apartment for $265 a month. But notably, the studios are located in a home for seniors, one where the young studio-dwellers would be expected to spend three-to-five hours a week with the older residents. The city-funded project aims to address youth homelessness, reduce social isolation, and encourage mixing between the generations. Younger people get an affordable place to live and some contact with older folks who aren’t their grandparents. The idea has been applauded as a way to provide young people with a socially useful way to find affordable housing while making senior homes livelier, less isolated places.

Wednesday, April 20, 2016

U.S. construction spending rises solidly to near 8-year high

Source: Reuters
  While there has been some slowing in consumer spending and persistent weakness in manufacturing, the national economy may be on firmer ground as U.S. construction spending rose more than expected in October with outlays rising across the board. Construction spending increased 1.0 percent to a seasonally adjusted $1.11 trillion rate, the highest level since December 2007, after an unrevised 0.6 percent gain in September, according to the Commerce Department. Construction spending has risen every month this year and is likely to support the economy in the final three months of the year.

Wednesday, April 13, 2016

40 percent of young adults who live on their own still get money from parents

Source: Yahoo! Finance
  More than 40 percent of young adults between the ages of 25 and 32 who don’t live at home still receive some sort of financial help from their parents. This lack of financial independence was analyzed in in the journal Social Currents by Anna Manzoni, an assistant professor of sociology at North Carolina State University. Manzoni also found that attending a four-year educational institution makes people more likely to rely on mom and dad, especially those from higher socioeconomic backgrounds. Notably, those who received financial aid from their parents during college are also more likely to live with their parents post-grad than those who paid for school on their own.

Wednesday, April 6, 2016

Americans Spent More on Housing, Health Care Last Year

Source: Wall St. Journal
The Commerce Department reports that housing and utilities and health care accounted for almost one-third of the rise in consumer spending nationwide in 2014. This confirms fears that rising housing costs are at least partly squeezing out some discretionary spending. Across all states, spending on housing and utilities grew 4.1 percent in 2014, with North Dakota posting the biggest rise at 8 percent. Nationwide, spending was up 4.2 percent last year versus 3.1 percent in 2013.

About This Blog

Short Sales and Foreclosures

More Information

  © Blogger templates Psi by Ourblogtemplates.com 2008

Back to TOP