The cost of raising a child continues to climb and parents starting a family this year should be prepared to shell out hundreds of thousands of dollars before their kid even turns 18.
According to the U.S. Department of Agriculture, children who were born in 2010 will cost a middle-income family nearly $227,000. The kicker , that number does not include college tuition.
According to the study, the highest price hikes were in child care, education, health care and transportation.
In 1960, when the first report was issued, it cost slightly more than $25,000 to raise a child to the age of 18.
The family home is usually the most significant asset in divorce. However, when dividing your marital property, appraisal minus mortgage does NOT equal equity. This incomplete equation leaves your house over-valued and that works against you. In addition to the inaccurate and unfair division of your property, you risk damaged credit, default, foreclosure or even bankruptcy without more real estate due diligence much earlier in your divorce process.
Friday, June 10, 2011
Falling Home Prices Dwindling Home Equity
On average, home owners now hold about 38 percent equity in their homes, down from 61% a decade ago, the Federal Reserve says in citing data from the first quarter of this year.
Despite outstanding balances on loans getting smaller, home owners are losing equity due to drastically falling home prices, which have inched down in many markets since prices peaked in 2006, the Fed reports.
Home equity is an important indicator to the overall health of the economy because the more home equity people have, the more wealthy they tend to feel. Plus, home equity also tends to serve as collateral for other loans.
Despite outstanding balances on loans getting smaller, home owners are losing equity due to drastically falling home prices, which have inched down in many markets since prices peaked in 2006, the Fed reports.
Home equity is an important indicator to the overall health of the economy because the more home equity people have, the more wealthy they tend to feel. Plus, home equity also tends to serve as collateral for other loans.
Monday, June 6, 2011
How To Find Crimes in an Area?
If you want to move to an area, it may be a good idea to see how crime rate is inthat particular area. There are 4 websites you can visit and will give you the latest update on how to spot crimes in an area you live in or you want to move in.
Visit:
http://www.crimereports.com/
http://www.everyblock.com/
http://www.spotcrime.com/
http://www.trulia.com/voices/q_Crime+Rate+By+Zip+Code/
http://www.trulia.com/crime/#
Visit:
http://www.crimereports.com/
http://www.everyblock.com/
http://www.spotcrime.com/
http://www.trulia.com/voices/q_Crime+Rate+By+Zip+Code/
http://www.trulia.com/crime/#
Subscribe to:
Posts (Atom)