The Hidden Costs of Owning a Home
According to the Urban Institute, 63 percent of millennials who bought homes have regrets resulting from underestimating the hidden costs. Zillow found that American homeowners spend nearly $9,400 in hidden costs to own and care for a median-priced home. Let’s first differentiate hidden costs from not-so-hidden costs. Not-so-hidden costs: Mortgage, taxes, and insurance Your mortgage […]
The Effects of the Great Recession on American Wealth
I just finished reading the 12th Edition of State of Working America, which provides some excellent insights into the effects of the Great Recession on American wealth. The book is the work of the Economic Policy Institute, a nonpartisan, nonprofit Washington, D.C. think tank, created in 1986 to broaden the discussion about economic policy to […]