May 23, 2019

The Best Way to Build Wealth in America

“When Todd and Marisa Bluth bought a $188,000 starter house in Commerce City, Colorado in 2012, they figured it would take at least a decade to build enough equity and savings to trade up to their dream home.

Yet just four years later, they sold the 1,600-square foot unit for $284,000, allowing them to take their nearly $100,000 profit and buy a five-bedroom nearly three times the size for what seemed like a steal — $375,000 — in a more upscale neighborhood.

“I never thought the house would appreciate so quickly,” Todd, 34, says. “We played the market against itself.”

Since the U.S. housing recovery began in 2012, affordable homes in modest neighborhoods have notched the sharpest price increases while luxury houses in wealthy neighborhoods have had the smallest percentage gains. In other words, on average, the lower the home-price tier, the more dramatic the price increase, with mid-range homes appreciating moderately.”

Read more

JJ Editor's Daily Picks

"With many other countries already studying the Asian playbook, the United States and Europe could benefit from doing the same."

"Trump's cursing is one of the most straightforward parts of his appeal... Trump is not the only politician whose profanity has stood him in good stead."

"‘If we get all of this because Netanyahu wants to make Trump happy, that’s fine with us,’ says local council rep in Golan Heights as plans ramp up for ‘new’ neighborhood honoring U.S. president..."

"...there is something worth paying attention to in this latest petition from fans keen to have a creative work made the way that they want it. The comments on the petition are instructive."

"The sunny job numbers and steady growth hide the fact that most people think the economy works only for people in power."

"Like many other Americans, I now wear AirPods all day at my desk to combat the awful tyranny of the open office. Since they don’t cancel noise, they provide me with writing music..."

"The logic of attributing mental states to nonhuman animals is complicated. We cannot use deductive inference, because there are no general rules..."

"As the canon of English literature slowly, gradually opens itself up to books by women and authors of color, Modern Library and Penguin Classics have just launched two new series..."

"Egalitarian couples assume their progressive ideology will carry the day. Sociologists know that it doesn’t.... sharing child care is associated with valuing gender equality..."

"Business Booms for Sephardic Food: Women are leading the way as small businesses bring traditional recipes to the commercial marketplace..."

"With most animal populations, the niches that encase the populations are of constant size. Animal societies growing in a given niche have dynamics neatly fitted by equations with a constant limit or ceiling."

"Now some 200,000 Jews live in Germany, a nation of 82 million people, and many are increasingly fearful.... 85 percent of respondents in Germany characterized anti-Semitism as a “very big” or “fairly big” problem..."