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Real estate Q&A: What are our rights after new landlord took over lease?

Consumer / Home and Consumer News /

Q: Our landlord recently sold the house we have been renting. The sale happened in the middle of the month, and now the new owner wants us to pay him for the remainder of the month even though we have already paid the prior landlord for the whole month. And he wants us to pay the water bill, even though we never have in the past. What are our ...Read more

Everyday Cheapskate: The Tyranny of Too Many Choices

Consumer / Everyday Cheapskate /

A perfectly orchestrated backyard party took an ugly turn as the bounce house emptied all 15 little friends who, joined by twice as many adults, gathered around to watch the 5-year-old open a mountain of gifts. At that moment the birthday girl melted into a puddle of tears.

Little Emily's embarrassed parents threatened punishment if she didn't ...Read more

US mortgage rates drop to two-year low ahead of Fed rate cut

Consumer / Home and Consumer News /

U.S. mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing.

The contract rate on a 30-year fixed mortgage dropped 14 basis points to 6.15% in the week ended Sept. 13, Mortgage Bankers Association data ...Read more

Everyday Cheapskate: No End in Sight for Great Reader Tips

Consumer / Everyday Cheapskate /

Once a week I worry that after all these years my faithful readers will simply run out of ideas. New and clever tips, tricks and clever hints will fade into extinction. But every week I get to put my worries to rest. Just look at all the great tips that recently showed up in my inbox.

PIE PROTECTORS

If you ever need to transport a pie but don'...Read more

Everyday Cheapskate: Good for You ... And Your Budget Too

Consumer / Everyday Cheapskate /

A recent report from the Centers for Disease Control and Prevention reveals a shocking reality: Poor diet is still a major threat to our health. In fact, unhealthy eating habits now contribute to over 678,000 deaths in the U.S. each year, surpassing even tobacco use as the leading cause of preventable death. This means that what's on our plates ...Read more

Karen Ducey/The Seattle Times/TNS

Barely getting by on one income in the Seattle area

Consumer / Home and Consumer News /

Rabi Asghar, 37, didn’t realize just how expensive divorced life would be until after the paperwork was filed and the dust had settled.

Without a partner to split bills, the cost of daily life ballooned. For the first time in years, he found himself having to shoulder the full burden of utilities and groceries on his own. His ex had taken the...Read more

Mark Adams/Dreamstime/TNS

Study: Americans' pay hasn't fully recovered from inflation. Will it ever?

Consumer / Home and Consumer News /

For 13 years, the 3% annual salary boost that Ricardo M. could count on every October felt like a beacon of stability and a nod that his loyalty as a plumbing supply salesman was being rewarded.

But in the aftermath of a post-pandemic inflation surge, those raises have since lost their luster. His grocery bills have doubled. The cost of ...Read more

Dreamstime/Dreamstime/TNS

July Fed meeting preview: As unemployment rises and inflation slows, should officials cut interest rates now?

Consumer / Home and Consumer News /

The last worry on a firefighter’s mind as he extinguishes the blaze of a burning building is the potential for water damage. For the Federal Reserve, the same is often true as it battles inflation; there’s little room for concern about what it could mean for jobseekers.

Until those red-hot price pressures start to fizzle out.

For the first...Read more

Everyday Cheapskate: Groceries Got You Groaning? Here's How to Save Without Starving

Consumer / Everyday Cheapskate /

If your grocery bill feels more like a mortgage payment these days, you're not imagining it. Even though inflation's been slowing, grocery prices have climbed about 21% over the past few years. Unlike that fancy latte, groceries aren't optional. But while we can't control the prices, we can outsmart them with a few clever strategies.

REMEMBER ...Read more

Landlords face a $1.5 trillion commercial real estate maturity wall

Consumer / Home and Consumer News /

Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, according to Jones Lang LaSalle Inc. That leaves a gap of as much as $400 billion between the amount owed and the capital available for refinancing.

The value of buildings has broadly dropped after higher interest ...Read more

Real estate Q&A: Can condo board make us pay for renovations to amenities we don't use?

Consumer / Home and Consumer News /

Q: We live in a small condominium. Our board just told us that we need to pay extra each month for the next few years to cover the cost of renovations, including the little gym near the lobby. They did not ask us if we were OK with this or put it up for a vote. We never use the gym. Can they make us pay for this? —Henri

A: In condominium ...Read more

Douglas R. Clifford/Tampa Bay Times/TNS

He pays $2,000 a month for a hotel room, and he can't afford to move

Consumer / Home and Consumer News /

PALM HARBOR, Florida — They drove, windows down, past the big box stores. Past the other roadside motels and hotels, where other families lived.

When they pulled up to the modest house on Guardian Avenue, Richard Rodriguez took a deep breath. He was 52, with kind, tired eyes. He didn’t want to get his hopes up.

It had been four years since...Read more

Everyday Cheapskate: We've Become a Nation of Softies

Consumer / Everyday Cheapskate /

Compared to my grandmother, I'm a lazy bum. While my generation hires out domestic tasks without a second thought, she and my grandfather focused on how much money they could sock away for emergencies and their "old age."

They both lived to just shy of 100, never needing Medicaid, government assistance* or a handout. They owned their home ...Read more

Everyday Cheapskate: And the Winner Is

Consumer / Everyday Cheapskate /

It's official. My readers are the best (and not bad-looking either). Not only are you loyal, but you've also made mail time the highlight of my day. Your letters and tips are fantastic, and when you send in advertisements, credit offers and consumer ripoffs, it shows me you're paying attention. And it seems you're getting pretty good at it too. ...Read more

John J. Kim/Chicago Tribune/TNS

Art Institute announces $75 million gift to create new gallery building on Michigan Avenue campus

Consumer / Home and Consumer News /

The Art Institute announced a transformative $75 million gift Tuesday to construct a new gallery building and begin an ambitious reshaping of its sprawling campus in the heart of downtown Chicago’s lakefront.

The lions will remain at their post in front of the historic 131-year-old main building along South Michigan Avenue, but their ...Read more

Everyday Cheapskate: A Wedding From HEL

Consumer / Everyday Cheapskate /

Did you happen to catch the episode of "Dr. Phil" on weddings? One couple was having a major disagreement over the cost of their impending nuptials and came to Dr. Phil to help them find a solution. He has $2,500 in savings, she has none. That's OK, I thought. At least they are talking in terms of cash.

Then the bride dropped the bomb: Because ...Read more

Dreamstime/Dreamstime/TNS

Value investing vs. growth investing: Which is better in today's market?

Consumer / Home and Consumer News /

It’s the perennial question among stock investors: which is better — growth investing or value investing? Recently, there’s been little contest. Growth stocks, such as Apple and Nvidia, have handily outperformed value names. But it’s not always that way, and many investors think value will once again have its day — although they’ve ...Read more

Vinnstock/Dreamstime/TNS

'This is not a bill': How to decipher explanations of benefits and pay for your medical care

Consumer / Home and Consumer News /

Bobbie Putman-Bailey knows how to solve problems when it comes to medical bills and health insurance.

In one instance, upon the surprise realization her specialist doctor had gone out of network for her health plan, the 42-year-old Maple Grove, Minnesota, resident convinced the insurer to overturn coverage denials that could have cost her ...Read more

Eamesbot/Dreamstime/TNS

Gold IRA: Should you open one to save for retirement?

Consumer / Home and Consumer News /

Investors are often drawn to gold during times of high inflation or market turmoil. It’s viewed by many as a safe haven asset and a store of value. If you’re looking to invest in physical gold through an individual retirement account (IRA), you’ll need to open a special type of account known as a gold IRA.

But gold IRAs can come with high...Read more

Sirinarth Mekvorawuth/Dreamstime/TNS

Borrowing money from your home to pay for your child's college

Consumer / Home and Consumer News /

If you’re gearing up to send a child to college, the cost can feel overwhelming. A home equity line of credit (HELOC) or home equity loan could help pay for it — but before leveraging your home ownership stake in this way, you’ll need to balance a number of considerations. Here’s our crash course on the pros and cons of using your home ...Read more

 

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