Millennials pay a whopping $92,600 in total rent by the time they turn 30. Although they earn more compared to previous generations, they also have to spend more on rent.  

The cost of living can look drastically different depending on where you are. It will cost a single person about $29,118 a year to live in Brownsville, Texas, for example, but in San Francisco, California, that expense more than doubles, to $69,072.

Vancouver is slapping thousands of empty homes with a new tax as part of a government effort to tame the out-of-control Real Estate bubble that just won’t quit there and is being closely watched by many U.S. metro markets to see if it works.

A couple with a combined household income of $80,800 could afford 82% of all US homes and would be able to save their down payment in just 5 years.

Sales of Newly Built Single Family Residences surged by 17.5% in November and 26.6% higher than this time a year ago and reached a level not seen in over 10 years.

The U.S. Census Bureau reported that October New Housing Starts were stronger than expected 1.29M vs est of 1.19M and September was revised upward. Single Family Housing jumped 5.3% to 877K units. Building Permits also beat out expectations (1.297M vs est of 1.225M) and also saw an upward revision to the prior month.

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Real Estate Taxes by State:

The monthly mortgage payment (principal and interest) is the largest component of home ownership.  But the taxes on the property are the second highest cost of homeownership and is greatly impacting migration in the U.S.

What a cool idea! A standing hamsterwheel style desk!

s9y’s Serendipity blogging framework supports an embedded mode so that it can be inserted into your existing web site.  But what about a site using CodeIgniter’s MVC framework?