August 26, 2016

Best of Blogs for Week of August 26th


Worried about stocks being at an "all time high"?    This graphic is courtesy of a link from The Simple Dollar.

Also found via TSD is this Backdoor Roth IRAs Could Cost Some Investors at Tax Time

TSD also talks about silly facebook video with Financial Mistakes You Must Avoid in Your 20s? Why You Need to Be Careful with Online Financial Advice
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August 19, 2016

Best of Blogs for Week of August 19th

Every Friday afternoon I share some of the more interesting or notable posts that I have seen in the personal finance blogs and other sources for the past week

TheBigPicture has a chart of American Total Debt Balance and Its Composition and I don't think it looks that bad considering we're still below the 2008 peak.


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August 14, 2016

Foreigners With Giant Piles of Cash Are Not Buying All The Homes

In certain hot real estate markets I see people claiming that rich foreigners are coming in with millions of dollars and buying up homes and thus driving up the market.    Now I'm sure this happens some but when I saw these claims I couldn't find much solid data on the amount of foreign cash purchases of homes in specific markets.

I did however just find a report showing the total % of homes that are not owned by citizens per major city.
From Bloomberg: Most Non-citizen Homeowners

The % values range from 2-7% mostly in the 2-5% range.  

Now, they say "non-citizen" which Im' going to hazard a guess includes some "non-legal" residents.    I'm not sure on that point but I think its feasible.   Also notice the largest % figures are in Southern cities in TX and AZ.  

San Jose, CA is one city where there are a lot of expensive homes and I've heard there are cash buyers from China.   San Jose is at #4 on the list at 5.8%.    Now thats a significant % really in a market but its not exactly some sort of flood of foreign money.  

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August 12, 2016

Best of Blogs for Week of August 12th

Every Friday afternoon I share some of the more interesting or notable posts that I have seen in the personal finance blogs and other sources for the past week

The Big Picture cautions on Faber: 50% Crash Coming! (However. . . )

The Onion gives the Pros And Cons Of The ‘Tiny House’ Movement
They make a lot of good points that add to my argument.

Zillow projects if your house might be underwater The Effect of Rising Sea Levels on Coastal Homes in the future.   Don't panic you've got up to 90 years to move.

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