Today’s bits: Buffett to sell beach-house as home-ownership rates (for the rest of us) decline

  • The Decline of Homeownership – The homeownership rate—the percentage of households that own rather than rent the homes that they live in—has fallen sharply since mid-2005. In fact, in the second quarter of 2016 the homeownership rate fell to 62.9 percent, its lowest level since 1965. (Fed)
  • Warren Buffett’s Beach House for Sale – Speaking of a decline in home ownership, Warren Buffett has listed his longtime California beach house for sale. If you are interested, it’s listed for $11 million. He paid $150K in 1971. If he get’s his asking price, that will result in a compounded annual rate of return of 9.79%….  Had he put his money into an S&P 500 account, he would have gotten a return rate of 8.24% (excluding dividends). (Curbed)
  • Peer to Peer Lending on the decline – The sluggish returns have been a disappointment for investors who were hoping the online consumer space would offer fatter yields. Part of what is hurting performance: higher-than-expected defaults on older batches of unsecured consumer loans. Online lenders rely on outside money managers to buy their loans, and diminished returns could prompt some managers to shift into other asset classes. (WSJ)

Image source: WSJ

  • 7 Life-Altering Reasons To Become Debt-Free Now – Do you want to know the real Reasons To Become Debt-Free?  What has transpired from that has been more than we could imagine. We share ideas for dropping your spending each month from recipes, DIY projects, ways to cut the budget, gardening and so much more. We also share many ideas for increasing your income each month so that you can carry out the 2% rule that we teach to help you reach your financial goals. (The Thrifty Couple)
  • Now you can do your taxes without filling out the health insurance question – If you want to keep your health insurance status a secret from the IRS, the Trump administration just made it a little easier. The policy change, confirmed by the IRS on Wednesday after elements were reported by the libertarian magazine Reason, does not do away with the Affordable Care Act’s requirement that all Americans who can afford it obtain health insurance or pay a fine. But it might make it a little harder for the IRS to figure out who is breaking the rules. (Sun)
  • The 50 most expensive colleges in America – Tuition at both public and private schools continues to rise at a fast clip, and Americans collectively owe more than $1.3 trillion in student loan debt. Using data from the College Board‘s Trends in College Pricing and The Chronicle of Higher Education‘s helpful interactive chart, Business Insider rounded up the most expensive colleges in America. The ranking uses tuition data from the 2016-17 academic year and looks at each school’s full sticker price — published tuition and required fees, as well as room and board — rather than tuition numbers alone. Harvey Mudd College earned the top spot with a total cost of $69,717, but it’s high price wasn’t an outlier. Every school on the list holds a price tag well over $60,000, with the most expensive schools coming in closer to $70,000.  (Your Money)
  • 4 Ways To Steer Clear Of Money Scams – You work hard for your money, so you definitely want to keep as much of it around as you can for as long as possible. Saving for the future and earning interest on your money should be a top goal, but you want to be careful. All investments come with some risk, of course, but you definitely want to avoid flat-out financial scams that could leave you high and dry. (Frugal Wiz)
  • Five tips for investing in your 30s – In your 20s, funding your 401(k) might have sounded like a good goal … for your 30s. Now that your 30s are here, you may be nervously noticing the countless articles on the virtues of investing in your 20s. Don’t worry. You’re definitely not too old. (LA Times)
  • Six keys to successful investing – A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles (Valdosta Times)
  • Is socially responsible investing for you? – In the 1950’s, a convent of nuns wanted to invest a couple million dollars. They quickly discovered that they held personal religious commitments inconsistent with many of the industries they were looking at. Each business they considered. (St. George)

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