There is much discussion about the inability of young people to buy homes — let alone move out of their parents’ homes — and how the lack of first-time buyers is hurting the entire housing market. Plenty of charts and data, including stories we’ve run on Credit.com, show how unaffordable [Keep reading]
The entire Washington DC Metro subway will be shut down for at least a day, starting tonight. Our nation’s capital city will have utter transportation chaos. If there’s a more clear signal that America and her infrastructure is crumbling from within, I can’t name it. My first reaction to this [Keep reading]
When the Kansas City Royals won baseball’s World Series in November, much of small-town America was rooting for them. The small-market Royals had been terrible for decades, unable to compete with big-money teams like the New York Yankees. So while rivals from Los Angeles, New York, San Francisco, and Washington, [Keep reading]
It’s the pay, stupid. Bill Clinton was elected in 1992 on a simple, perceptive platform: “It’s the economy, stupid.” Well, the U.S. unemployment rate is remarkably low, but everyone seems remarkably unimpressed. Why? Because a job isn’t a good job. America has about 100 million problems right now, and no one’s [Keep reading]
Michelle Nix has lived in a lot of places: Milwaukee, Chicago, St. Louis, Oakland, Calif. But when it came time to start a family, she went home to Cincinnati. Smart move. The once-battered Midwest city is in the middle of a radical transformation – and it ranks 8th in our [Keep reading]
Call them the invisible victims of the housing collapse: The millions of homeowners who’ve spent nearly a decade dutifully making mortgage payments on homes worth less than the balance of their loans. Known as “being under water,” many in this crowd were never in danger of losing their home. But [Keep reading]
When you think Ohio, you probably think Cleveland, and you might think Cincinnati. Almost certainly, you don’t think Columbus, but here’s a secret: Ohio’s capital city is larger than its more famous neighbors to the north and south. In fact, it’s the largest U.S. city to make Credit.com’s top 10 [Keep reading]
Is buying a first home becoming more a privilege than an American birthright? That’s the provocative question posed recently by Issi Romem, chief economist of BuildZoom.com. And he answers it, cautiously, with data suggesting it’s true. Romem’s most concerning assertion: Young buyers have nearly 10% higher incomes than they did [Keep reading]
Where should I live? Where should I raise a family? Where can I get a decent job and afford a decent home near decent schools for my kids? There are the questions that keep many 20- and 30-somethings up late at night. Well, they keep most of us up at [Keep reading]
If you live on the east coast, you probably (hopefully) were tempted to telecommute today, and you might have to work from home on Monday, too. Staying off the roads when weather is bad is one of the great luxuries that the digital age has brought. It’s also the [Keep reading]
Bob Sullivan