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Why Millennials Aren’t Buying Homes– Hint: It’s Not Why You Think

by Shakadoo Leave a Comment

26447362491_ec5f056e4b_zOn the surface, it’s easy to assume why millennials (people in their 20s and early 30s now) are not buying houses at young ages like their parents did. They were in high school and college during the housing market collapse and the great recession. Many of them are drowning in student loan and credit card debt, and making low wages in a stagnant job market. The assumption is, that they simply cannot afford to buy homes.

While that’s a valid reason, this article by Kerry Close at Time Money states that there is another one that most people don’t think of: that millennials are more picky and discriminating, and don’t want to waste time and money on any home that is not their dream home.

Most prospective buyers—56%—are holding off because they don’t think they can afford “the type of home” they’d want to live in. Another 34% are delaying because they’re paying off debt.

“They don’t want to just buy a house; they want to stay in a house,” said John Schleck. “They’re approaching the decision with a level of maturity and conservatism.” “I think they’re discriminating,” Schleck said. “They want to avoid the mistakes they’ve seen made in the past.”

Photo Credit: Francisco Osorio

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Google Brings You The World's Best Art

by Ron Hogan Leave a Comment

When I went to Paris in high school, we went to the Louvre.  I say went to, not went inside.  Taking a look at the line to get in, which meant a wait of several hours, and I decided that my time would be better spent elsewhere.  So I believe, if memory serves, that I walked around the city, found a place to have lunch, and took in the actual feel of Paris, rather than waiting in line to walk past the Mona Lisa and not take any pictures of it.  I don’t regret it, because my terrible little 1998 point-and-shoot camera wouldn’t do anything to capture the majesty of a beautiful classic painting, but Google can pick up that mantle and run with it.

Google is using a gigapixel camera called Art Cam to scan and upload paintings.  These aren’t just high resolution pictures; these are pictures so high resolution that you can see individual brush strokes, the pinpoint dots of pointilism paintings, and the very ridges where paint was applied heavier or lighter.   This robotic camera does all of that automatically, making life a lot easier for art snobs and allowing people to view art’s biggest hits from the privacy of their web browser.

You can find the 1200 paintings at Google Cultural Institute.

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Pay Someone To Call Customer Service For You

by Ron Hogan Leave a Comment

There’s nothing worse than having to call customer service.  Every time I have to call, I sit on the phone for an hour, minimum.  That’s if I’m lucky.  Now, if I’m somewhere where I can’t do anything else, then that’s not a huge deal, but I always have stuff that I should be doing otherwise.  I’m definitely not the only person who feels that way.  Indeed, there’s even a service where people will call customer service for you.  GetHuman promises to call customer service on your behalf for a small fee.

“These customer service procedures have become these long obstacle courses for us,” said GetHuman CEO Christian Allen, GetHuman.  “We avoid them, we procrastinate, and in some cases we don’t do them at all.”

The service has already helped 10,000 people since it launched, and there are now five full-time workers who do nothing but call customer service for people as a full-time job.  GetHuman charges $5 to $25 per call, and I assume that most of the calls are $25 simply because it usually takes a lot of time to get to a human, no matter what you try to do.  There are other services sprouting up to do the same thing, too; of course, most companies would rather you contact them directly, rather than go through a third party.

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50% Of Teens Are Hooked On Smartphones

by Ron Hogan Leave a Comment

Good luck getting anyone these days to put down their phone.  If you think adults have it bad, you should see just how bad the teenagers of the smartphone generation have it.  According to a recent survey, 50% of teens say they’re addicted to their smartphones.

As if that’s not bad enough, here are some other numbers.  Some 59% of parents are worried that their kids will be addicted to smartphones.  When it comes to responding to texts, 72% of all teens feel like they have to respond immediately.  Unsurprisingly, 80% of teens check their phones hourly and 85% of parents say that their teens are distracted by their phones.  I’d imagine that number is only worse than everyone thinks, at least depending on who you survey and how they’re feeling that particular day.

“The poll paints a changed portrait of family life in 2016” says James Steyer, CEO of Common Sense Media.  “A significant minority of families seems to be truly struggling to integrate mobile technology in a healthy way.  And many concerning behaviors and outcomes are associated with mobile use.  The generational gap revealed in the different behaviors of teens and their parents raises the question of whether we may be too quick to label as ‘addiction’ something that is actually a normal adaptation to rapidly and constantly evolving social norms.”

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Wordless Wednesday: Snapchat Bob Marley Is A Bad Idea

by Ron Hogan Leave a Comment

snapchat-bob-marley

Image and amazing story via Wired.

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AMC Considers Allowing Texting In Theaters

by Ron Hogan Leave a Comment

Everyone loves texting, but nobody likes it in the movie theater.  The screens are too bright, people don’t mute their phones, and it’s just a whole lot of annoying.  It’s also happening on a regular basis, and it seems like some movie theater chains are tired of fighting the good fight and are increasingly becoming willing to give up and give in.  The world’s largest movie theater chain might be throwing in the towel.  AMC is considering allowing texting in movie theaters.

“When you tell a 22-year-old to turn off the phone, don’t ruin the movie, they hear please cut off your left arm above the elbow. You can’t tell a 22-year-old to turn off their cellphone. That’s not how they live their life,” said AMC Ceo Adam Aron in an interview with Variety. “We’re going to have to figure out a way to do it that doesn’t disturb today’s audiences. There’s a reason there are ads up there saying turn off your phone, because today’s moviegoer doesn’t want somebody sitting next to them texting or having their phone on.”

Rather than allowing people to text on their phones, let’s make it worth their while not to text.  There are already reward programs, like Cinemark Cinemode, that reward people for not using their phones.  Maybe that’s the right step to take, rather than just shrugging and throwing all movie etiquette out the window.

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Smartest Investments For 20-Somethings

by Kathy T.

Being in your 20s and getting out on your own will probably be the most challenging financial time in your life. You suddenly have to pay for rent, a car, tuition, insurance, and utilities, all while having no work experience and starting from the bottom. So, how do you go about spending your limited income? What are the best financial decisions you can make? What can you do now that will help you for the rest of your life? Check out this article by Mike Ouyang at the Lending Tree Blog for the best things that 20-somethings can buy:

-A college degree, or trade school education- those with a college degree are more likely to be employed than those with just a high school diploma, and have statistically higher paying jobs.

-Books- read anything and everything that catches your interest, it helps your cognitive skills, communication, and keeps you up to date with the world around you

-Stock and portfolio investments- diversify your options to minimize your risks

-Retirement accounts

-A gym membership

-Paying off debt as fast as you can- get that credit score up, free up your finances so you can put them in other investments, like a savings, investment, or retirement account.

Photo Credit: Ryan Resella 

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FCC Offers Subsidies For Internet Service

by Ron Hogan Leave a Comment

The Internet isn’t an option these days.  You need Internet for pretty much everything, from paying bills to applying for jobs, but if you’re one of the 40 million Americans on Medicare, food stamps, or other federal assistance, sometimes paying for online access comes at the cost of food.  Some 13 million of these Americans on assistance don’t have Internet access.  Fortunately, the FCC is going to make things a little easier.  The FCC is going to offer Americans on assistance an Internet subsidy.

The subsidy won’t pay for everything.  It’s only $9.25 a month.  However, that can help add data access to an existing phone line, or help make paying the Internet access bill a little bit easier for the working poor.  When you’re stretching every dollar, an extra $9.25 can be really helpful.  The service, called Lifeline, is an expansion of a Reagan-era subsidy program that already helps with the cost of home phones.

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Mortgage News For The Beginning Of 2016

by Kathy T.

4384741509_0f2075d2b5_zAccording to this article by Matthew Graham at Mortgage News Daily, mortgage rates have slightly dropped since the beginning of March:

 The average lender continues to quote conventional 30yr rates in a range of 3.75% to 3.875%, but today’s gains bring a few of the more aggressive lenders back to 3.625% on top tier scenarios.

Now may be a good time to lock in a rate if you are applying for a mortgage for a new home! Rates are only continuing to rise, so get a good one while you can. Also, don’t ever be afraid to shop around for a mortgage- and check back. Mortgage rates will fluctuate even daily! Check out the entire article here for a more in depth analysis of the recent rise and fall of interest rates.

Photo Credit: Micheal Pedersen 

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Wordless Wednesday: Space Paddy's Day

by Ron Hogan Leave a Comment

ireland-iss

Via Wikipedia

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