Posts Tagged ‘ foreclosures ’

Cutting Commuter Time . . . Not So Easy

Cutting Commuter Time . . . Not So Easy

Shorter work commutes are one way to reduce gasoline consumption, but a new study finds that not all cities are equal in how easy it would be to achieve that goal. Research suggests that Atlanta and Minneapolis may be the U.S. metropolitan areas that would find it most difficult to reduce the miles that workers commute each day. Meanwhile, Las Vegas and Miami may be the metro areas where it would be easiest to reduce commuting miles. The research aimed to see how difficult it would be to reduce the average commuting trip lengths by a realistic amount —...

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One-of-a-Kind Condo Ship

One-of-a-Kind Condo Ship

Forget Florida, there is a new retirement game in time. Residential Cruise Line offers partial and full ownership in “The Magellan”. Prices for full tine living starting at $2.82 million to $8 million for penthouses and from $300,000 for fractional ownership residences.  There are options for 1 month starting at $235,000 and 2 weeks starting at  $160,00 for 1 Bedroom. The Magellan offers full and fractional ownership of luxuriously appointed residences and penthouses as well as such unprecedented amenities as a full-service retractable marina, on-call private helicopters, a satellite broadcast capable theater, 500 staff and 24-hour on-call concierge service...

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28% Older US Citizens Might Loose Homes

28% Older US Citizens Might Loose Homes

New research by the AARP shows that for the six month period ending in December, 2007, 684,000 older Americans (aged 50 and over) were either in foreclosure or were delinquent in mortgage payments. That’s more than a quarter of all foreclosures or delinquencies (28.1%). “The public perception is that older Americans are financially secure in their homes,” said Reinhard. “But the reality is that while many are in fact secure, hundreds of thousands of others are not and face unsettling uncertainty over their futures as homeowners. “Older Americans depend on their homes both for shelter and as a retirement asset,”...

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