By Jeff Collins | Southern California News Group PUBLISHED: March 19, 2019 at 5:02 am | UPDATED: March 19, 2019 at 7:38 am Travis Page, owner of Clover’s Lawn Service, rakes leaves at an Opendoor house on Joltaire Way in Winchester in December. Opendoor became the fourth iBuyer to start operating in Southern California. Although iBuyers have been active since 2014, the online home-buying model didn’t reach Southern California until 2017. (Photo by Frank Bellino, contributing photographer) Southern California is relatively new to the iBuyer trend, which prefers markets with large expanses of cookie cutter tract housing to make it easier to accurately price houses. While iBuying has been in full swing in places like Phoenix for several years, the first iBuyers started working in Southrn California in 2017. In the past six months, RedfinNow expanded from the Inland Empire into Orange and Los Angeles counties. Opendoor and Zillow Offers recently announced plans to expand … [Read more...] about What’s an iBuyer? These companies will buy your home quicker, but at what cost?
Taking equity out of your home
Transcript of Jane Nelson interview Q: I’d like to start out discussing your mental health consortium bill. Can you explain it would do? Nelson: Can I back up and tell you when the Santa Fe shooting took place, there was a real drumbeat for hardening the schools. I never even knew that phrase before. And of course, I have talked to some people in our schools who have said the kids figure out the metal detectors real easily. There are some schools that probably need to rethink some vulnerabilities. But that is not the answer. These are children with some very serious mental health issues that are shooting our schools. And you can put all the metal detectors you want in there and they will still hurt somebody. They’ll go to a football game or a movie theater, I don’t know. I felt so strongly. The drumbeat was starting saying, ‘We need to spend $100 million, $150 million,’ and as finance chair I need to figure out how we’re going to do that. … [Read more...] about ‘We’ve got a lot of work to do.’ Powerful North Texas senator talks taxes, teachers and voter purge
Updated 7:52 am PDT, Monday, July 23, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) Photo: AP Managing Debt in Retirement Takes Some Planning 1 / 1 Back to Gallery Owing money in retirement isn't ideal — but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve's latest Survey of Consumer Finances. So did half of those 75 and older. Paying debt usually gets more difficult on a fixed income. … [Read more...] about Managing Debt in Retirement Takes Some Planning
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Andy Rosen Globe Staff July 19, 2018 What if, instead of taking out a home equity loan from a bank, you could ask Wall Street to invest in your house?You’d get cash upfront, and if the value of your home went up, the investors would get their money back, plus a profit. If the value of your home fell, the investors would earn less or maybe even absorb a loss.That’s the idea behind a new crop of venture-backed startups hoping to make money by betting real estate values will continue to climb in selected markets around the country. It’s called “equity sharing,” and the entrepreneurs behind these companies say it serves an unmet need for homeowners who want to capitalize on their biggest asset — without selling or taking on monthly loan payments. Advertisement “They’ve got this value, but they can’t touch … [Read more...] about These startups want to buy a share of your house. Is that a good idea?
Susan Tompor Detroit Free Press Published 10:00 p.m. UTC Jul 11, 2018 College debt is building and, increasingly, parents are on the hook. Where do you turn when you've maxed out on federal student loans? Ask Mom and Dad to take out some parent loans, too. The average cumulative federal student loan debt that parents borrow even exceeds what's being taken on by students, according to new research. On average, parents owed $32,596 for their cumulative loans taken out under the Federal Parent PLUS program at college graduation in 2015-16. On average, college grads with bachelor's degrees owed $29,669 in student loans in 2015-16, according to Mark Kantrowitz, publisher and vice president of research for Savingforcollege.com. To be sure, a much smaller percentage of parents borrow than students. About 69% of students took out student loans in 2015-16, compared with about 14.4% of parents, Kantrowitz said. The high cost of … [Read more...] about Students aren’t the only ones crushed by school debt