economics - Articles

After Record-Breaking Sale, Mega-Mansion Is a Rental

ZillowAmenities at Fleur de Lys include a movie theater, ballroom, tennis court, gym and space to entertain 1,000. By Emily Heffter The buyers of the Los Angeles mega-mansion Fleur de Lys have now put it back on the market -- as a rental. Two weeks after buying the 50,000-square-foot home for a record-breaking... Continue Reading »

Wealth Gap in America Wider Than Ever, Report Says

WASHINGTON -- The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by a person age 65 or older has a net... Continue Reading »

How to Make Renting Off-Campus Pay

College students return to campus this week. Many of them argue -- and some even convince their parents and student loan officers -- that living off-campus is cheaper than living in the college dorms. Seems plausible. According to the College Board, students attending a four-year, in-state public institution spend an... Continue Reading »

Do Tougher Bankruptcy Laws Increase Mortgage Defaults?

It used to be that when people got into more financial trouble than they could manage on their own, they would declare personal bankruptcy. Then, in 2005, U.S. bankruptcy laws became more stringent: The amount of home equity that was protected from creditors was subject to tougher rules and, along with additional costs,... Continue Reading »

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