Wages, inequality, housing, generations and work.
112 articles · page 1 of 6
While the national news media celebrates the big, national Democratic sweep of Congress, many governors’ races, and statehouse wins, Florida remains the exception. It is still a MAGA Republican state, and the national mood of disgust over Trump’s criminality and war policies doesn’t seem to concern many Floridians. Florida is suffering from king tides flooding…
This is Part II of a three-part series on the importance of owning real estate to create wealth. In any financial analysis, assets are broken down into financial and non-financial assets. Financial assets include stocks, bonds, cash accounts, mutual funds, insurance, and all types of liquid investments held in bank, brokerage, and retirement accounts.
Millions of people in the first wave of Baby Boomers entering retirement face more stress than they did in their working lives. Their home equity and portfolios have shrunk. Partisans in Congress threaten to cut Social Security, a key component of retirement income, and the new health care program. And for those retirees who want…
If you are considering retiring in Florida and buying a condo, think again. Florida is over-crowded, suffers from changes in global warming, has a reactionary state government focused more on anti-WOKE issues than good government, is the nation’s fraud capital, and has a shaky real estate market that is very localized and socially fragmented.
When asked about the major issues facing Americans in the 1992 presidential election, James Carville, a strategist for then-presidential candidate Bill Clinton, said, “It’s the economy, stupid.” Carville told campaign workers that the three issues facing Americans were health care, avoiding the same mistakes perpetuated by George Bush, and the economy. About 32 years later,…
Younger people are more alienated from political systems and other people than ever before, and this dire situation is changing how businesses and society operate. However, there is another problem: Gen Z often lacks the basic knowledge that older people have about solving problems, cooperating, and socializing. Think about some men who complain that…
Thousands of people interact daily with online dating services, hoping to find their best companion. Yet for people over 50, online dating is very different and faster-paced than that experienced by younger people or from the pre-social media and pre-COVID-19 era years ago. Social, mental, emotional, and physical contact drives people to find a…
Florida has significant problems– rising real estate-related insurance, inspection, over-building, and property ownership-related costs–that are being ignored as Florida Governor Ron Desantis runs for president. To millions of Floridians, the new financial problems are severe enough that many will not be able to pay their monthly mortgages and related Home Owner Association (HOA) fees and…
The prospect of higher interest rates and sustained market volatility as the Fed starts to change direction from its historic policy of Quantitative Easing (QE) should raise a caution flag for investors who want to protect their portfolios. Recognizing this is the easy part. Consumer spending is often tied to increases and decreases…
“Soft” retirement means “I’ll never have enough money to retire or buy a house, so why bother.” As someone who has been writing about retirement since the late 1970s, I can safely say that I have never written a positive story in about 50 years that says older Americans will be more financially secure…
BY-BYE BOCA PART 3: HOW THE VERY WEALTHY HANDLE DENSE REAL ESTATE DEVELOPMENT WHERE THEY LIVE HINT: THEY DON’T ALLOW It The Town of Palm Beach Has Resisted and Prevented Development Because It Listens to its Residents “There are people who have money and people who are rich.” ―Coco Chanel For the…
Florida Governor Ron Desants boasts that the state is all about “freedom,” but his version of freedom” is myopic, dangerous, and not in the best interests of average residents. While a recent data analysis by Smart Asset that found residents of Manhattan and San Francisco earning over $650,000 can move to Miami and…
Millennials are being squeezed out of homeownership and that will reduce their ability to become wealthy over the next decades, increase health risks, reduce neighborhood cohesion, and impair educational advances for the kids of renters. All of these are important side-effects when people become prolonged members of the rental class. While homeownership is recognized as…
Vacation rentals are a way to generate extra income, get equity, and supplement retirement income, but it takes effort and research.
Whether you are purchasing commercial real estate, a multi-family dwelling, or another kind of property, earning a return on your investment requires a great deal of planning. From your initial decision to buy to your review of interested renters, you must ensure that every step of the process is a wise move…
Hispanic households buying houses will likely explode because the Hispanic population today is much younger than other racial and ethnic groups…
Those who are interested in the world of real estate can get their feet wet and make good money by purchasing a vacation rental. It’s an exciting prospect.
Critical Race Theory was a little-known academic debate until it attracted the attention of a right-wing foundation. Then, the hatred moved into high gear.
The tragic Miami condo collapse will impact HOAs and prospective condo buyers. Caveat emptor.
It looks like customers worldwide are willing to pay higher prices for products and services that reflect ESG investing values,…
