DEAR BENNY: My wife and I are purchasing a two-bedroom condo. We are paying cash and intend to have her parents live there for a year, and then we will likely turn it into a rental. Our current single-family home ...Read More »
Dear Mr. Berko: A good friend, who is a mechanical engineer, just bought 8,000 shares of Capstone Turbine, a company he believes offers the best and cheapest power-generating sources in the country. The stock trades at $1.03, and I’d like ...Read More »
We told our son that if his high school grades were good, we'd pay for his college education. We consider his 3.36 grade point average very good. However, my job was downsized last March, and now we don't have the income to pay the $30,000 annual sum to cover the costs of tuition, fees, books and room and board.
Tagged with: collegeRead More »
DEAR MR. BERKO: I recently celebrated my 80th birthday. I’m fairly healthy, and I have a good monthly income from Social Security and two pensions, plus more than $286,000 in the bank earning almost nothing. I figure that, at my ...Read More »
DEAR BENNY: My mom no longer wants the responsibility of homeownership. She no longer wants her 3,000-square-foot home and is willing to give it to me, as a gift, if I move in and care for her. If she transfers ...Read More »
Many prospective homebuyers are still sitting on the fence watching trends regarding home prices and mortgages. They’re waiting for the most strategic time to make their purchase. These consumers will be particularly interested in a study recently concluded by the ...Read More »
With 38 percent of today’s homebuyers making their purchase with all cash — up from 22 percent in 2006 — there must be powerful incentives for that form of payment. The most obvious advantage is freedom from making mortgage payments ...Read More »