It’s Marathon Monday, and the 121st Boston Marathon is in full swing. The race runs from Hopkinton to Boston, through the towns of Ashland, Framingham, Natick, Wellesley, Newton, and Brookline. The race is the oldest annual 26.2-mile race in the world, and the city around it is steeped in history. Needless to say, for the runners among us, this race is iconic. But, what about the Boston area itself? For competitive runners, being able to train along the marathon route consistently could give them a serious edge, so living in the vicinity could have huge benefits. Boston is the biggest city in Massachusetts, but the 4th most expensive in terms of real estate, behind Brookline, [...]
According to ABC News, New York is the first state to make tuition free at community colleges and public four-year universities. Finally, debt-free college education! But with every good thing, there are some conditions. In order to receive the benefit of free tuition, there are some requirements that must be met, or else your benefits will cease and you may have to pay the state back. Here are the requirements:The college/university must be public (state funded). The family of the student must earn $125,000 or less. The student must maintain a certain GPA. Students that receive free tuition must stay in New York after graduation for as many years as they received it.
When financial advisors say that homeownership is a good investment, they are referring to the value that your home gains over time. This value is called home equity. Home equity is the difference between the amount you may still owe on your mortgage and what your home is worth.
Equity is important for several reasons. In addition to being a measure of the hidden wealth you have in your home, it is also an asset you can tap when the need arises, and protection against losing your home should you suffer a financial reversal. Almost all experienced home buyers use the equity in the home that they are selling to make a significant down payment on the home they are [...]