Though home prices have fallen dramatically as a result of the housing bust, paying the monthly cost of renting or owning a home hasn?t become any easier for many middle-income Americans families, a new study finds.
“In 1960, about one in four renters paid more than 30% of income for housing. Today, one in two are cost burdened,” according to a new study (ironically) by Harvard University. As Bloomberg BusinessWeek's Peter Coy notes, the availa... Read Post
Jim McCluskey/Flickr, CC There is one topic of conversation in Britian right now: The insane price of property, both to own and to rent. People on modest, middle class incomes who bought houses for a few hundred thousands pounds in ... Read Post
By Claire Milhench LONDON (Reuters) - Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. Brent crude futures have fallen 34 percent since Ju... Read Post