Archives For August 2016

Importance of Math

August 31, 2016

Help your child or grandchild understand the importance of learning math with the image below.

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Home Ownership

August 30, 2016

This speaks to the difficult situation face by renters who would like to buy a home.

Home ownership rates have been on a steady decline and are now near a 48-year low (see the chart below).  Adding to the difficult situation is that real household incomes have dropped 9% while rents have increased 7% over the last 13 years.  The poor home ownership situation will likely persist, since nearly half of today’s renters spend more than 30% of their pre-tax income on housing.

Home Ownership Rates