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Jeff Opdyke: Unpleasant surprises in retirement aren't what you think

Consumer / Home and Consumer News /

Our brains are ill-equipped to handle what they cannot foresee, the result of something known as status quo bias, an assumption that every tomorrow will pretty much look like every today.

Problem is, life constantly changes. Most changes are small and either unnoticed or easily managed. A few, however, are substantial and radically disrupt our ...Read more

Warren Buffett says Apple is probably the 'best business' in the world

Consumer / Home and Consumer News /

Warren Buffett, the legendary investor known for his no-nonsense approach to putting his money into stocks and businesses, has some high praise for what is arguably the most-iconic of all Bay Area companies, Apple.

On Monday, Buffett, the chief executive of Berkshire Hathaway, called Apple "probably the best business I know in the world," and ...Read more

Erin Arvedlund: 'Dark Towers' shines light on Deutsche Bank — financier of Trump, Kushner, and Russian oligarchs

Consumer / Home and Consumer News /

The juiciest parts of the new book Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction pick up where the last scandal involving the bank left off -- manipulating interest rates amid the 2008 financial crisis. This isn't just an expose of a massive global bank. It's also the tragic story of a senior Deutsche executive, Bill...Read more

5 home projects that will pay off in 2020

Consumer / Home and Consumer News /

Want to spend less and recoup more on home improvement projects? The Remodeling 2020 Cost vs. Value Report (costvsvalue.com) compares the price of popular projects across the country and provides insight into which retain the highest value at resale. Before you start your next renovation, take a look at which projects will offer the highest ...Read more

Social Graces: How to handle dating someone who is in an open relationship

Consumer / Home and Consumer News /

Q: You are dating someone who is in an open relationship. How do you set boundaries?

A: Open relationships seem to be growing in popularity, but the feelings around this relationship type vary from partner to partner.

As for setting boundaries, I recommend that you and the person you are dating renegotiate your relationship status each ...Read more

Hot Property: The Kardashian empire expands in La Quinta

Consumer / Home and Consumer News /

LOS ANGELES -- Kim Kardashian West has followed in the footsteps of her mother, Kris Jenner, and sister Kylie Jenner, buying an undeveloped home site in La Quinta's Madison Club community for $6.3 million, records show.

The property is on the same street as the minimalist mansion that Kris Jenner purchased in 2018 for $12 million. It's also a ...Read more

Susan Tompor: Wealthy who don't file tax returns may get a knock on the door from IRS

Consumer / Home and Consumer News /

The IRS is taking to the streets to track down high-income earners who aren't filing federal income tax returns or paying taxes.

A new step in an ongoing effort involves making roughly 800 face-to-face visits in the next two months to high-income individuals who haven't filed tax returns in 2018 or previous years. The Internal Revenue Service ...Read more

As other cities embrace 'mass timber,' Chicago remains wary

Consumer / Home and Consumer News /

CHICAGO -- Wood is having a moment in the world of architecture.

Cities such as Milwaukee and Minneapolis are going all-in on an innovative type of wood whose boosters claim takes less energy to produce than concrete or steel.

It might even be on the verge of making inroads in Chicago, where the Great Fire of 1871 incinerated vast stretches of...Read more

Cost, difficulty of renting depend on who and where you are

Consumer / Home and Consumer News /

Some people have an easier time finding an apartment than others, and it has nothing to do with their ability to pay rent.

According to a new Zillow analysis, renters of color are disproportionately more likely than white renters to pay an application fee when they are searching for a new home, even when researchers controlled for age, income ...Read more

Real estate Q&A: Can condo owners withhold dues to force board to rehire employee?

Consumer / Home and Consumer News /

Q: Our condominium recently let go off a popular employee. Several residents are upset and want him rehired. They are threatening to withhold their monthly dues until the board of directors gives in to their demands. What is the best way to deal with these maverick owners? -- John

A: There is a right and wrong way for unit owners to address ...Read more

Carla Fried: Many millennials who came of age in recession are risk-averse

Consumer / Home and Consumer News /

An established line of psychological theory is that what we experience in late adolescence and early adulthood ends up having a large pull on our behavior throughout life. And economic gut punches pack a wallop.

Numerous studies have shown those entering the job market during a recession suffer significant and long-term income penalties, ...Read more

The most expensive home in LA cost Jeff Bezos only 0.13% of his net worth

Consumer / Home and Consumer News /

It can be hard to grasp the wealth of Jeff Bezos, the planet's richest man. Thankfully his decision to spend $165 million on a Beverly Hills mansion last week -- a California record -- offers some clarity.

For starters, there's this easy calculation. Amazon's stock, the source of Bezos' fortune, bounces around daily, but as of the close of ...Read more

As Seattleites and their money flow south, Tacoma residents grapple with changing neighborhoods

Consumer / Home and Consumer News /

TACOMA, Wash. -- Real estate agent Marguerite Martin built a business convincing Seattleites they could move to Tacoma.

Now, as Tacoma housing grows increasingly unaffordable for its own longtime residents, particularly in historically black neighborhoods, she said she wishes she hadn't.

In 2013, as the Tacoma housing market recovered from the...Read more

Social Graces: How to tell your neighbor to stop smoking weed, even if it's legal

Consumer / Home and Consumer News /

Q: How should you tell your neighbor to stop smoking weed, even though its legal in some states?

A: Even if weed is legal in your state, you shouldn't tell your neighbors to stop doing something in their own home if they can't legally smoke in public. And before you point out someone else's behavior, you have to look at yourself, because you...Read more

5 kitchen and bath trends for 2020

Consumer / Home and Consumer News /

A whole new vocabulary is forming around home design, with terms like biophilia, assisted cooking and livability being bandied out by more remodeling pros. That was clear from the 2020 Kitchen & Bath Industry Show (KBIS), which took place last month in Las Vegas.

More than 90,000 attendees caught the latest wares from more than 600 ...Read more

Hot Property: 'Future Man' Josh Hutcherson completes mission to sell

Consumer / Home and Consumer News /

LOS ANGELES -- Actor Josh Hutcherson, who stars in the Hulu adventure-comedy series "Future Man," has sold his home in the Hollywood Hills for $2.94 million.

Obscured from the street by lush landscaping, the roughly half-acre property centers on a wood-clad Midcentury Modern-style home of nearly 1,900 square feet. Built in 1951, the single-...Read more

A Chicago firm is about to make its mark on South Philly's refinery site

Consumer / Home and Consumer News /

A Chicago-based redevelopment firm is about to make its mark on Philadelphia.

On Thursday, a federal bankruptcy judge confirmed the $252 million sale of the sprawling shuttered South Philadelphia refinery site to Hilco Redevelopment Partners, a firm which has promised "billions of dollars of investment into the site to transform the debtors' ...Read more

Liz Farmer: Want a vibrant, growing city to call home? Follow the immigrants

Consumer / Home and Consumer News /

Living amid economic and population growth puts the wind at your back. Demand for housing rises in these areas, so homes appreciate. Highly skilled workers abound, so businesses new and old can prosper. And local and state governments remain solvent, ensuring better services.

How to identify such cities? Just look for places that have a ...Read more

Liz Farmer: Cities and states offering cash, tax breaks to lure workers

Consumer / Home and Consumer News /

You've heard of moving incentives: companies offering a signing bonus to lure workers to relocate. Now, state and local governments are getting into the game, offering tax credits or actual cash to lure residents.

If you're considering a move, knowing about these incentives might help tip the scales. Perhaps you're a soon-to-be college graduate...Read more

Liz Farmer: Mansion taxes — behind the rise in real estate transfer levies

Consumer / Home and Consumer News /

If you live in or near Connecticut or New York state, you may have heard about mansion taxes and what they'll mean for home sales in the posh real estate markets of Manhattan or Greenwich. And then, because you don't live in a mansion in either of those states, you dismissed the notion that such taxes would ever apply to you.

Not so fast. ...Read more