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Here are the cities where the most people live alone

In any U.S. city, living arrangements run the gamut from friends and strangers living as roommates to domestic partnerships to single-parent households to the traditional nuclear families. More than 1 in every 4 households – 27.9 percent – are made up of a single individual. According to estimates from the U.S. Census Bureau, there are 21 metropolitan areas where more than one in every three homes are occupied by individuals who live alone. While these cities do not necessarily share a single defining quality, there are some common characteristics that may help explain why residents are more likely to live on their own in these places. Living alone means footing the bill for utilities and rent – or upkeep and mortgage. For that reason, it is not financially prudent, or even possible, for many. In cities with a lower than average cost of living, fewer residents may need to rely on a roommate in order to afford housing. More: Do you live in an ideal community? Nationwide, 48.1 percent of the 15 and older population are currently married. In the majority of cities with the largest share of people living alone, a smaller than average share of the population is married.

Is a Rental Property the Best Way to Grow Your Wealth?

Owning a rental property in addition to your primary residence can be a way for you to build wealth, especially if you may be averse to investing in the stock market. With a rental property, someone else pays your mortgage, and over time your equity grows. So, before you decide to invest in a rental property, consider calculating the return on your investment to see if investing in a rental property is really the deal you thought. How to Calculate the Return on Investment of a Rental Property Like any investment, you need to understand the expected return on investment (ROI). Before you can calculate the true ROI of a rental property, you have to factor in all the costs associated with holding that property, not just the purchase amount. And remember, property taxes don’t typically stay the same each year. In addition, this calculation should be done for every year you anticipate owning the property, as your return will change over time. Conclusion Rental properties can generate income, but the return on investment doesn’t typically happen right away. As with any investment, rental properties should be viewed as a long-term investment, not an instant cash cow. Paul Sydlansky, founder of Lake Road Advisors LLC, has worked in the financial services industry for over 18 years.

How To Prepare For The Next Real Estate Downturn

If house B ends up being better (as in, you bought it after the market crashed and paid less), your opportunity cost would be the money you lost that you could have made if you’d waited for house B. When you BRRRR correctly, you can end up buying an investment property with zero money down. When you buy a house traditionally, you put a hefty down payment down, then include money for closing costs and the rehab. In this case, if the market crashes, you don’t have that 50k to invest in the down market, so your opportunity cost is high. This is the reasoning behind the “fear of missing out” that keeps investors from getting started investing in real estate. If you can buy a property and recover the capital you used to buy it, what stops you from buying the next one too? In a hypothetical BRRRR deal, you would buy a fixer upper property for 60k that needs 40k of rehab work. This means you’ll have all that money to put into the next house when the market crashes. If you do this effectively, you can pull out even more money than you put in (by buying great deals and rehabbing prudently), growing your capital and the ability to invest in future properties. How do I know which market to invest in?

Institutional Investors Plan to Up Their Allocations to Real Estate in 2019

Institutional investors plan to dedicate more of their funds to real estate next year, continuing a trend that has been seen since 2013, according to a new research report. Global institutional investors’ average weighted target allocation to real estate is expected to tick up in 2019 to 10.6 percent from 10.4 percent in 2018, according to results of a survey administered by Cornell University’s Baker Program in Real Estate and Hodes Weill & Associates, a real estate advisory firm. “We’re still in a very low interest-rate environment and investors are still hungry for yield,” says Jim Costello, senior vice president at real estate data firm Real Capital Analytics. Real estate is also seeing strong returns for institutional investors, Weill says. In 2017, the average total return for these real estate portfolios was 9.2 percent, up from 8.7 percent in 2016. The target for 2018 is 8.2 percent, the Cornell/Hodes Weill report found. The report found that investors based in the Americas on average expect target real estate allocations in 2019 to be at 9.9 percent—flat with this year’s target. Weill says this is something he expects will continue: “If you look at conviction, the institutions in the U.S. have the least favorable view of real estate, and I think it’s driven by a general view that real estate is late in the cycle,” Weill says. But institutions based in the Americas were closest in 2018 to their targets; their actual allocation of 9.0 percent to real estate was 90 basis points shy of their target. In the Americas, 95 percent of institutions indicated they are actively targeting value-add investments compared to 50 percent that target core strategies.

Watch real estate for first signs that passive investing has grown too big

The future of passive investing is facing one of its biggest tests yet. And surprisingly the challenge is coming from a handful of relatively obscure real-estate companies. Funds that track indexes are coming increasingly close to owning a majority of shares in eight property owners and managers, according to a report from Bloomberg Intelligence. That makes these companies potential bellwethers for the impact of benchmark tracking as the funds grow. “For firms with high passive ownership, you have lower reaction to company-specific news,” said Itzhak Ben-David, a finance professor at Ohio State University who’s studied the topic. Variously described by active managers as being akin to Marxism or financial weapons of mass destruction, indexed funds are poised for another year of inflows as actively managed products hemorrhage cash, data compiled by Bloomberg show. Tanger Factory Outlet Centers Inc., which owns and operates out-of-town retail parks, could be the first stock to test passive’s tipping point. Indexed funds own 46.9 percent of the real estate investment trust, which has a market capitalization of $2 billion, the data show. It’s owned by dividend strategies, funds that buy mid-cap or small-cap companies, and investors in real estate or REITs. Bloomberg Intelligence also found little correlation between Tanger’s stock price and flows into the largest fund that owns it.

Why one of America’s richest states is also its poorest

If you were to ask most Americans which is the poorest state in the nation, they might say Alabama or Mississippi, with their low average incomes and concentrations of African-American poverty. So two institutions in the state, the Public Policy Institute of California and the Centre on Poverty and Inequality of Stanford University, created their own California Poverty Measure (CPM). Most of the poor have jobs: 80% of those living below the CPM’s poverty line are in households with at least one person in work. By the time they are 18, estimates Mr Flood, half the children of the Golden State will have made use of food stamps or food banks. California is not only America’s poorest state. California’s poor are far beyond that. California’s development and impact fees are about three times higher than the national average. Between 2013 and 2017 the median rent in California rose by 32%, more than twice the national average, and far above the growth in average state incomes. No wonder California has twice as many homeless people as the national average. The problem is not that the state locks up an unusually large number of people.

Why More Real Estate Companies Are Becoming Venture Investors In Tech Startups

Legacy commercial real estate firms that spent decades focusing their investment on physical properties have begun launching venture funds to invest in technology companies, aiming to solve problems in their portfolio and bring in big returns. Most of those companies focus on commercial office and retail properties and invest in tech companies that solve problems in those sectors, but one of the nation's largest affordable housing developers is now getting into the space. Enterprise Community Partners Vice President of Innovation Matt Hoffman tells Bisnow the nonprofit plans to launch a fund next year to invest in early stage technology companies addressing housing affordability. “We would like to see the housing sector get exposed to a disruptive technology platform much like Uber was to the taxi industry or Airbnb to the hotel industry.” New York-based Rudin Management Co., a 93-year-old real estate firm with roughly 15M SF of office and residential properties under management, in 2015 launched a venture fund to invest in real estate-related technology companies. Gilbert, who also serves as chief technology officer, said the first thing Rudin looks for in a potential investment is the problem it solves. The majority of the well-funded PropTech companies focus on the commercial office sector rather than residential, Hoffman said, and the investment in multifamily-focused technologies isn't addressing the issue that Enterprise sees as its primary mission: housing affordability. The financial returns startup tech companies have the potential to generate can be as attractive to commercial real estate companies as the underlying problems they solve. Strategic Property Partners is doing that with its $3B Water Street Tampa project, a 50-acre development planned to include 9M SF of commercial, residential, hospitality, retail and other space. SPP Senior Vice President of Digital Innovation and Technology Steven Fifita said the developer is planning to utilize a variety of technologies at the development. "I think it is an evolution we're seeing in many industries, especially in commercial real estate, where it's an industry that's comfortable with investment to begin with and the notion of risk," Fifita said.

TEDxEvansville is back, here are this year’s speakers, topics

— Tickets remain available for TEDxEvansville, scheduled for 1-5 p.m. Friday at the University of Southern Indiana Performance Center. Eight speakers are featured at this year's event, which has a one-word theme: "Connect." This year's event is the fourth in Evansville. She is also the mother of an only son who passed in 2017 from complications due to a substance use disorder. Hall is a student at Butler University studying history, political science and Spanish who is from Evansville. His undergraduate research has focused on the importance of public memory and how communities like his hometown remember and commemorate historical events and actors. Caballero holds a Master of healthcare administration from the University of Southern Indiana and is an account executive for Medical Services of America. Caballero has served the needs of the poor through international medical missions, developing multidisciplinary strategic population health plans in the Evansville community and improving Alzheimer’s Dementia care in Southwest Indiana. An Evansville native, Johnson is the founder and executive director of a nonprofit organization called Young & Established, created in 2013. Prior to moving to Evansville, Philip worked for the City of Indianapolis where he managed community and economic development projects in coordination with the city’s Quality of Life Planning initiatives.

How Real Estate Investors Can Make The Most Money Flipping Houses

To make the most money flipping houses, the simpler a flip is, the better. How much money can you make on a house flip? But ATTOM also notes that this is most likely not an accurate number to use for what professional flippers make on each deal, as the figure takes into account all houses (flip properties or not) bought and sold within the year, and only factors the purchase price minus the selling price. Why does a massive remodel usually not pay off for house flippers? Big remodels take more time, more money and more resources. • Time is money. It can cost you as little as $50 to $100 to own a house flip. • The longer you hold a property, the more you are at risk to a changing market. A house that is over-improved may get a contract that justifies all the work done, but the appraisal could make all that work for naught if it comes in low. Some of the most profitable houses may be minor rehab projects because they have lower expenses.

Should you use home equity to delay Social Security?

For some time, reverse mortgage lenders touted a strategy that involves obtaining a HECM early on in retirement in order to delay taking Social Security, therefore maximizing the benefits you can receive. For every year that you can delay taking Social Security from 62 to 70, you can get as much as 8% more. According the CFPB report, the expense of taking a reverse mortgage means that by age 69, the cost of the loan exceeds the cumulative lifetime benefits of a reverse by $2,300. “For consumers whose main asset is their home, taking out a reverse mortgage to delay Social Security claiming may risk their financial security because the cost of the loan will likely be more than the benefit they gain. “The CFPB’s analysis, misrepresentations, and inaccurate conclusions fail to provide a comprehensive review of potential benefits of Social Security deferral and proper use of home equity,” Hopkins wrote. “Using a HECM to fund Social Security delay does not create greater risk for retirees experiencing spending shocks or needing to move later in retirement, because reduced distribution needs from the investment portfolio and the subsequent reduction in sequence risk offset the reverse-mortgage costs and preserve overall net worth,” Pfau wrote. “We found that while financial advisors are interested in the idea, they have a very, very, very difficult time persuading their clients to defer their benefit,” Dickson said. I can tell you that there are situations where the reverse mortgage loan would make sense. There are many factors that need to be considered,” Holland said. Ultimately, Holland said issuing broad statements about financial planning strategies is problematic, because it all depends on individual circumstances.

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The six challenges every email marketer must face

You may have read about AI-powered segmentation and subject line optimisation, but when it comes to it there are six basic challenges that email marketers must still address. Achieving relevance Too much email. It is one of the tropes of modern life. Determining the right frequency Frequency is very important, and the right frequency differs between recipients. Some bargain hunters may want daily emails, others a monthyl browse. Declining subscriber engagement through time Email recipients are most responsive when they first subscribe, after which interest can decline. Testing of segmentation and personalised content is key. Decline in engagement with email through time for new subscribers who are not targeted through personalised messaging (Barratt, S. and Davis, S. (2009) Connected Commerce: The intersection of e-commerce and ecommunication). Data quality and integration Integrating ESP response data with information from a CRM database is commonplace, but robust data conventions are necessary, for example, standardising the names used for different fields, and having solid processes for syncing data and handling conflicts. These challenges remain Looking at Econsultancy's 2017 Email Marketing Census, when asked about their email marketing focus for the year ahead, respondents identified relevance, optimisation, deliverability and mobile rendering just as frequently as they did in 2016.