Did You Know?
Here’s the average credit score (the higher the better) by generation as of March 2024, per VantageScore CreditGauge data:
Gen Z (18 to 27): 665
Millennials (28 to 43): 687
Gen X (44 to 59): 710
Baby boomers (60 to 78): 746
Silent generation (79 to 96): 750. (CNBC)
Did You Know?
While most economists now believe multiple rate drops are not coming in 2024, almost all economists believe the days of artificially super-low rates will not return for many years, if ever. The 30-year fixed mortgage rate hovered around 5% in 2009 and dipped to around 3% by 2020.....but it was 4.54% in 2018. At that time many were decrying that rate as 'too high!'.....(WSJ)
Did You Know?
Cities that boast robust financial infrastructure, vibrant entrepreneurial ecosystems, and lucrative real estate markets, are always attractive destinations for the ultra-wealthy. Speaking about New York, Los Angeles, Beijing, San Francisco, Tiger 8 centimillionaire portfolios often feature very strong, stable pieces of real estate: These wealthy individuals gravitate toward “trophy asset” Class A properties (sounds familiar Emerald Bay), or investment-grade assets that typically were built within the last 15 years. Real estate investments typically represent 27% of these individuals’ portfolios.
Did You Know?
LVMH is famous for its handbags, shoes, jewelry, etc sold by their huge stable of luxury goods brands such as Christian Dior, Louis Vuitton, Tiffany, Fendi, etc, but recently they are learning (maybe from smart homeowners) that OWNING your retail space instead of renting is smart business. In recent years they have amassed a portfolio of billions of dollars worth of.....real estate! Retail success is often driven by location and super-prime always retains value, grows in demand.....and rent prices go up over time.
Did You Know?
A high-speed rail system with trains reaching speeds of up to 200mph - similar to the one in Florida connecting Miami to Orlando - will connect Southern California to Las Vegas by 2028.
Did You Know?
Willis Carrier, invented air conditioning. Now Carrier is repositioning itself to capitalize on the fast-growing market for heat pumps and other sustainable heating, ventilating and air conditioning (HVAC) technologies.
Did You Know?
An estimated 9.7 Million cigarette butts are littered in the US every year, 4 billion of these in waterways. They comprise nearly 20% of all litter.
Did You Know?
More than $38 billion of U.S. office buildings are threatened by defaults, foreclosures or other forms of distress, the highest amount since the 4th quarter of 2012 in the aftermath of the 2008-2009 financial crisis. Office owners are paying back their loans at a much slower rate. As recently as 2021, more than 90% of office loans that were converted into commercial-mortgage-backed securities were paid off when they became due, according to Moody’s. Last year, that figure fell to 35%, the worst payoff rate in the history of the data, which goes back to 2007. High interest rates combined with reducing office space and work-from-home - that often fuels corporate profits - may end up costing all of us LOTS! (WSJ)
"In the end, the business of life is the acquisition of memories." – Bill Perkins, Die with Zero
(Just read this book and very thought provoking!!!!)
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