Bucking their rent-not-own reputation, millennials are looking forward to buying a home, but many have grossly underestimated just how much they’ll need for that all-important down payment.
Of the generation known for renting everything from designer handbags to desks in a shared office space, 79 percent say they want to purchase a home, according to a report published Wednesday by Apartment List, an online rental marketplace.
“A lot of folks said that millennials would go off and just rent,” said Jonathan Corr, chief executive of Ellie Mae Inc. in Pleasanton, California. “But as they hit those life-event years in terms of getting married, having children, they’re starting to make that transition.”
That doesn’t mean they’re ready to sign a check. Millennials in about half of large metropolitan areas are underestimating how much they’ll need for a down payment on their first home and are not saving at a fast enough pace.
... read more at: http://www.bloomberg.com/news/articles/2016-04-20/it-could-take-years-for-big-city-millennials-to-save-for-a-down-payment
Today is Sunday, Aug. 7, the 220th day of 2016. There are 146 days left in the year.
Today’s Highlight in History:
On Aug. 7, 1789, the U.S. Department of War was established by Congress.
On this date:
In 1782, Gen. George Washington created the Order of the Purple Heart, a decoration to recognize merit in enlisted men and noncommissioned officers.
In 1882, the famous feud between the Hatfields of West Virginia and the McCoys of Kentucky erupted into full-scale violence.
In 1927, the already opened Peace Bridge connecting Buffalo, New York, and Fort Erie, Ontario, Canada, was officially dedicated.
In 1942, U.S. and other allied forces landed at Guadalcanal, marking the start of the first major allied offensive in the Pacific during World War II. (Japanese forces abandoned the island the following February.)
In 1959, the United States launched the Explorer 6 satellite, which sent back images of Earth.
In 1964, Congress passed the Gulf of Tonkin resolution,
... read more at: http://www.gloucestertimes.com/lifestyle/today-in-history/article_84695e80-ded5-5812-9673-bd15ed0860b1.html
As temperatures in Joplin crept into the mid-90s this past week, Megan Dale pulled the trailer that houses her health-conscious ice cream business, Pineapple Bliss, onto a parking lot on Main Street and prepared for the day’s business.
Maneuvering around the two bulky ice cream machines and other products inside the cramped trailer is difficult, and the machines sometimes put out more heat than the truck’s air conditioner can handle. As Pineapple Bliss opened for business at noon Wednesday, Dale had already worked up a sweat.
Luckily, she’s no stranger to hard work. Working six or seven days a week for a few years to save up money, Dale’s goal was always to own her own business. She just didn’t know what it would be.
“I definitely didn’t think I’d be an ice cream truck owner,” she said.
Dale worked as a waitress and a hairstylist after attending the University of Missouri-Kansas City. In
... read more at: http://www.joplinglobe.com/news/lifestyles/sweet-dream-ice-cream-stand-presents-itself-to-woman-seeking/article_5762c852-07b1-5af4-a7d5-4140078bf617.html
In early 1977, allegations about an assistant scoutmaster having sex with boys rocked the old St. Joseph’s Church in Haverhill, then home for Boy Scout Troop 27.
Stories grew rampant about the 27-year-old scout leader inviting boys to stay overnight at his home, where indecent exposure and fondling were common. One boy accused the troop leader of performing “an unnatural act” on him.
A father who was on the troop committee consulted with a lawyer and the police for assistance after reporting that his son was a victim of sexual abuse by an adult leader “who should not be allowed to stay in scouting.”
But despite the controversy, police never prosecuted the assistant scoutmaster for the alleged sexual crimes. Neither he nor the Boy Scouts were named as defendants in any lawsuits.
When confronted by the chairman of the troop committee, the man refused to meet with the committee to discuss the allegations, resigned
... read more at: http://www.eagletribune.com/news/local_news/boy-scout-perversion-files-list-several-ex-leaders-from-area/article_43822c66-8e8d-5ec4-89e7-f8d6065f40b5.html
Holly Stam, an eighth grader at Waring School, has been invited to take part in the U14 National Team training camp in Portland, Oregon on June 1-8. The Ipswich resident has played club soccer with Aztec since she was on the U11 team.
Stam is one of 48 elite players including five goalkeepers invited to the camp. The girls will stay in dorms and work with Youth National Team coach April Kater and other members of the U.S. soccer coaching staff. Stam was identified as one of the top players in the country in her age group and received a letter from Whitney Stipetich, director of soccer operations at the University of Portland.
The philosophy of identifying talent has been changed and the focus is more on the grassroots level now. Instead of one large camp for a hundred players this year there will be three, including another in Florida later this
... read more at: http://www.salemnews.com/sports/waring-s-stam-invited-to-u-national-camp/article_5d406eaf-e088-5bde-969f-9bf72797543b.html
Somebody is going to soon open their garage door and have a green 1949 Buick Sedanette nestled just inside. The post-war Buick was for sale in Berkeley, Massachusetts, with the winning bid being a casual $5,655.
According to the current owner, the Buick has “some rust in the rocker panels, trunk and floors solid, passenger window cracked” and is equipped with all of the moldings except the left rear quarter. It also has skirts and “brand new visor” and it is noted that the interior could use an overhaul, but is decent enough to leave be if so desired.
The small block Chevy 350, Chevy Turbo 350 transmission, and 10-bolt rear are intact, and the car has rack and pinion steering but is missing power steering lines. The owner doesn’t have time for the Buick because of other projects and is selling it as he bought it.
He mentions that the car needs head
... read more at: http://gmauthority.com/blog/2014/07/ebay-find-1949-buick-sedanette-with-rat-rod-potential/
WASHINGTON — Nearly three dozen rugged C-123 transport planes formed the backbone of the U.S. military’s campaign to spray Agent Orange over jungles hiding enemy soldiers during the Vietnam War. And many of the troops who served in the conflict were compensated for diseases associated with their exposure to the toxic defoliant.
... read more at: http://kdhnews.com/news/nation/veterans-blame-planes-used-to-spray-agent-orange-for-illnesses/article_55859b6c-fd8b-11e2-b118-0019bb30f31a.html
Add to circle
2013 Toyota GT 86 Cup Edition
Enlarge PhotoIn the Forbidden Fruit category, we have a new entry: the Toyota GT 86 Cup Edition. With race car looks and upgraded wheels and interior, we’re not missing out on
... read more at: http://www.motorauthority.com/news/1083083_toyota-gt-86-cup-nrburgring-for-sale-bmw-m3-gt-todays-car-news