FRIDAY - acting like summer, walking like rain
- 13 Design-Friendly Storage Solutions for the Bathroom
- Skills Gap Is Hurting America’s Housing Market
- New Study Examines Impact of Parental Money on Millennial Home Buying
- Boston Properties buys big Santa Clara site in changing neighborhood
- RANKED: The 15 most expensive cities in the world for renters
- Where Millennials and the Working Class Can No Longer Afford to Live
- How to Make Your Kitchen a Sociable Space
Enjoy!
Skills Gap Is Hurting America’s Housing Market - While rising home prices signal that the housing market has continued to recover from the 2008 financial crisis, these high prices are also being driven up by a growing shortage of home builders and home improvement professionals. There is a skills gap that is hobbling construction -- and it's delaying building projects, shrinking building inventories, and inflating the cost of homes and home-related projects. The shortage worsened in the years following the 2008 financial crisis, when the dark days of the housing crisis led the construction industry to lose more than 60 percent of its workforce to healthier industries.
New Study Examines Impact of Parental Money on Millennial Home Buying - The probability of becoming a homeowner jumps 23 percent among adult children who receive a money transfer from their parent, according to a new report based on data from the Health and Retirement Survey. Receiving money from one's parents—defined as a gift of $5,000 or more over the last two years, assistance received by 1 in 17 young adults between ages 20 and 49—help many get over the hurdle of making a down payment, the biggest obstacle to homeownership, according to half of young renters. The paper noted that children with parents in the 4th quartile of the wealth distribution are 4.5 percentage points more likely to become homeowners than children with parents in the bottom quartile. They also determined that age and race can play a significant role.
Boston Properties buys big Santa Clara site in changing neighborhood - The Santa Clara industrial neighborhood south of Highway 101 at Bowers Avenue has been getting a lot of investment lately, most recently by Boston Properties. Boston Properties is also marketing North First Business Park, another big north San Jose campus with expansion capacity. Could Boston aim for something similar in Santa Clara?
RANKED: The 15 most expensive cities in the world for renters - San Francisco is 8th on the list. Average monthly rent: $2,824. Average percentage of earnings spent on rent: 50.5% of income
Where Millennials and the Working Class Can No Longer Afford to Live - A new report from real-estate website Trulia takes detailed look, using data from the American Community Survey to track the types of people (by age, income, and occupation) that are staying and leaving these cities. The report calculates the “move-away rates relative to expectation”—or the percentage of how many people moved away compared to what we might expect based on the demographic representation of a group in a metro—for Millennials and several income groups in the ten most expensive metros in the U.S. Positive figures indicate higher outmigration than one might expect, and negative figures indicate higher stay rates than one might expect.
How to Make Your Kitchen a Sociable Space - They say the best parties happen in the kitchen. Here’s how to ensure that you’re cooking up a pleasant place to hang out. Some of my favorites:
