People without college degrees are less likely to own homes as they tend to earn much less and aren’t as likely to get help from friends and family.
Student loans are often blamed for the record-low homeownership rate among young adults. But new research suggests that young people without a college diploma face especially big hurdles to owning a home.
College graduates ages 18 to 34 years old without student debt will need just over five years of additional savings to afford a 20% down payment for a starter home, defined as the median home at the bottom third of the market, according to research by Apartment List, a rental listing website. In comparison, it takes college grads with student loans about 10 years. For those who haven’t graduated from college, the wait to buy a home swells to nearly 15.5 years. Read more
Being around greenery may help you cope better with the stress of everyday life or even a trauma or illness.
The latest research on the use of gardens and gardening as therapy has been so positive that a new “branch” of therapy has emerged. “Horticultural therapy” involves a trained therapist who works with people on gardening-related activities tied to treatment goals and improved quality of life.
Whether you tend to your own garden or greenhouse, or take advantage of a horticultural therapist, you can reap the benefits of gardening health, which may help:
Real estate agents were being wooed by would-be home buyers with diamond rings and even a brand-new luxury car. But the gifts weren’t the key ingredient to getting a winning bid on a luxury home.
Here are three things high-net-worth individuals can do to get the winning bid on a house they covet. Read more