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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 13, 2014
Page
14
Scott Burns argues inflation works in favor of shelter, making ownership a strong long term wealth strategy. He tests with a $191,600 median home, 20 percent down, 4.5 percent mortgage, noting $12,080 outlay vs $15,200 appreciation plus tax advantages, and concludes staying put pays off.
U.S. job openings rose to 4.67 million in June, the highest since February 2001, while hiring reached its strongest since February 2008. The gain follows a sharp drop in layoffs, signaling tighter labor demand and fueling Fed rate hike speculation. analyst comment notes continued labor market improvement into the second half.
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