A new study recently completed by two California universities puts a new spin on the effects of homeownership on children in owners’ families. The study showed that homeownership is associated with lower high school dropout rates and lower teen birth ...Read More »
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.
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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 »