How many choices do you make in a day? We choose how and with whom we spend our time. We make choices about when to wake up, what to wear, how to decorate our living space, and what to have for dinner.
Buying a home is so much more than finding the perfect place, applying for a home loan and budgeting for a monthly mortgage payment -- it's thousands of dollars more than many homeowners expect.
In a growing number of cities, a significant portion of the population spends 40% or even 50% of income on rent alone. Indeed, SmartAsset's analysis of rent data across the country found that in many places, a family would need to earn six figures to afford average market rents.
Your loans were made at the height of the housing bubble, and looked like a great deal at the time. By using a HELOC as a "piggyback" second mortgage, you were not required to make a down payment or to purchase mortgage insurance.
This month, the Consumer Financial Protection Bureau (CFPB) published the article A closer look at reverse mortgage advertisements and consumer risks, which examines its study of advertisements for this product to older homeowners.
Remember your childhood summers when you held your breath underwater so long that your head felt ready to explode? For millions of homeowners in America today, being underwater too long has a different impact: they implode.
In recent years, I've watched many friends abandon the homes they thought would serve them until the end of their days. These friends had many -- and sometimes quite unexpected -- reasons for moving.
"I am too old and sick to be back out there on the streets. It kind of takes a toll on a person." These words, spoken to Kaiser Health News by a gentleman once facing homelessness and now in supportive housing, say it all.
It's the physical space where we greet each day. It's the people who we clock the most hours alongside. It's where we welcome guests, cozy up when we're sick, and retreat at the end of a long week.
The trial of Abacus Federal Savings Bank is finally over, and the verdict is "not guilty" on all counts. This outcome should be a tremendous relief to advocates of Wall Street accountability, and the fact that the case got as far as it did should be an extraordinary embarrassment to District Attorney Cyrus Vance and his office.
Rents are higher in Los Angeles than in any other major U.S. city, according to several recent studies. There is wide agreement that the city is facing a huge affordability crisis. But far less consensus on the solutions.
Apart from providing fascinating insights, the Better Life Index is a way for policy-makers and policy-shapers to see what citizens want and expect, and where policies to improve people's lives should be focused.
When we talk about affordable housing, it's easy to get tangled in a debate over what and how much the government should do about the crisis. It can help, and I've proposed a package of measures that, taken together, will create new housing opportunities for many struggling Californians.
There has been a lot of great press around the nearly eradicated chronic homelessness in Utah, which has made people wonder if such a feat can be accomplished in other areas. It looks like Seattle is determined to prove that it can make similar strides.
Even the most casually informed reader has likely heard at least some of the troubling news and numbers tied to homeownership in America today.
Seniors who, during their work years, accumulate a nest egg that they then use to maintain their lifestyle during retirement risk running out of money if they live too long. Seniors who own homes, however, have a valuable option: They can use a reverse mortgage to reduce the risk of outliving their money.