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Strict rent control proposal is struck down in Massachusetts
The Massachusetts Supreme Judicial Court struck down a ballot proposal that would have imposed the strictest statewide rent control in the US.
The measure sought to limit apartment rent increases to 5% or the annual gain in the Consumer Price Index, whichever is lower. The proposal can’t go before voters in November because it includes an ...Read more
Everyday Cheapskate: More Money May Not Be the Answer
Affluence is not measured by your annual income. Affluence is determined by how many of your resources you manage not to spend -- the amount of income you keep.
The idea that you should live below your means is obvious, isn't it? It's not like this is the first time you've ever heard of the concept. You know that cutting spending is hard work. ...Read more
The 'mass affluent' are losing their allure for wealth managers navigating AI
Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.
“The mass-affluent client now gets something close to private-banking quality from AI,” said Debasish Patnaik, senior partner McKinsey & Co. That not only...Read more
Should you pay off your mortgage early, or invest instead?
For many people, few financial goals are more satisfying than making that final mortgage payment and owning a home free and clear.
But in an era when technological breakthroughs like AI and private space exploration are creating new investment opportunities — and new fortunes — the decision to pay off a mortgage early isn’t as ...Read more
Everyday Cheapskate: DIY Pest Control That Doesn't Smell Like Regret
There's a particular smell that tells you summer has officially arrived. Not fresh-cut grass. Not sunscreen. Not barbecue smoke drifting through the neighborhood.
I'm talking about that sharp, chemical cloud that settles over patios, garages and occasionally entire ZIP codes once people begin attacking bugs with the enthusiasm of a medieval ...Read more
Real estate Q&A: Can condo board set $42K special assessment for structural repairs?
Q: We bought our condo five years ago and budgeted carefully. Last month, the board sent a letter saying we owe a $42,000 special assessment for structural repairs. We are retired and on a fixed income. Can the board really do this, and is there any way to fight it? — Diane
A: I am sorry you are facing this, and you are far from alone.
The ...Read more
Rents continue their free fall in the Las Vegas Valley, report says
Rents in the Las Vegas Valley continue to decline despite most of the rest of the country starting to flatten out, according to a new study.
May’s rental report from rental marketplace Zumper shows that most all of the areas in the valley have seen declining rental rates both month over month and year over year. The biggest drop year over ...Read more
Her water bill was 'insane.' So she tore out her lawn and planted a 'wabi-sabi' wonderland
Water-hungry lawns are symbols of Los Angeles' past. In this series , we spotlight yards with alternative, low-water landscaping built for the future.
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LOS ANGELES -- Julia Lee had no need for a new garden when she and her husband purchased their Cheviot Hills home eight years ago. The traditional 1950 home came with mature tropical ...Read more
Everyday Cheapskate: The Great Paint Rescue and Other Clever Reader-Submitted Tips
PAINT FOR PICK-UP
Most counties have Hazardous Household Material programs and collection sites where residents can drop off items that should not end up in landfills. They get all types of paint, ranging from latex, oil-based, primer, interior, exterior and stain. Sometimes the paint dropped off at the site is brand-new -- never even opened. ...Read more
Malls are making a comeback in Las Vegas -- and Gen Z is driving it
The American mall was once considered a dying relic of the pre-internet era, battered by e-commerce, shifting consumer habits and the collapse of traditional department stores.
But in Las Vegas and across the country, many malls are finding new life by reinventing themselves as destinations for entertainment, dining, fitness and community ...Read more
Everyday Cheapskate: Saved by My Credit Card
Have I got a story for you, and when I say "you," I refer primarily to my readers who are having a difficult time understanding why I do not use a debit card. I am careful to always pay with a credit card when making a large purchase, when I order something online or put up a deposit for goods or services to be delivered in the future.
Several ...Read more
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Crawlspace or slab, which is a better base for my home?
Choosing between a crawlspace and a slab foundation is one of those homebuilding decisions that sounds technical until the bill arrives.
Both options can provide a solid base for a house. Both can last for decades when designed and built properly. Both can become expensive problems when matched poorly to the site, climate or maintenance habits ...Read more
Budget conscious tips for keeping your home cool in a heatwave
When a heat wave settles in, keeping a home comfortable can feel like a battle between the thermostat and the electric bill.
Air conditioning can be a lifesaver, especially for older adults, young children, people with medical conditions and pets. But running it nonstop is expensive, and not every home has central air. The good news is that ...Read more
7 tips to get your kid to clean their room
Getting kids to clean their rooms can feel like a daily battle, especially when the mess seems to return minutes after the job is done. Clothes land on the floor, toys migrate under the bed, school papers disappear into mysterious piles and half-finished projects somehow become permanent decor.
But a clean room does not have to depend on ...Read more
Have a Shaded Yard? Replace Your Grass With Moss
A shaded yard can feel like a lawn-care failure waiting to happen. Grass thins under trees, turns patchy near fences and sulks in damp corners where sunlight rarely reaches the soil. Homeowners respond with seed, fertilizer, lime, raking, watering and hope. Then the same bare spots return.
At some point, the better question is not, “How do I ...Read more
Everyday Cheapskate: An Ounce of Prevention Is Worth Money in the Bank
Today's topic is not pretty, but unless you have $8,000 earmarked for dental care, it could prevent a lot of pain -- both dental and financial.
Periodontal disease is an infection that destroys the attachment fibers and supporting bones that hold the teeth in the jawbone and the jawbone itself.
Bacteria get caught between the teeth and under ...Read more
SpaceX surges 20% in second day to add $412 billion in value
SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.
The stock climbed 20%, extending Friday’s 19% rally, to add $412 billion in market value. Shares closed at $192.46 on Monday, more than 42% above their $...Read more
SpaceX IPO stress tests crypto's bid to reinvent stocks
For years, crypto firms have argued that blockchain technology could create markets for private companies long before they reach Wall Street. SpaceX provided the industry’s biggest test yet. The results were mixed.
Ahead of the largest IPO in history, perpetual futures tied to Elon Musk’s rocket company gave traders a live — and ...Read more
A record number of Miamians can't make ends meet. Why that's a risk for everyone
A record number of Miami-Dade families are living paycheck to paycheck, a new report has found.
North of a half-million county households — 563,947 to be exact — are struggling to make ends meet, according to new data from United Way. That’s 56% of all Miami-Dade households, a two-percentage-point increase from last year and the highest ...Read more
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