5 Cities Where It Would Take at Least 25 Years of Rent Payments To Buy a Home Outright

Owning a home is the classic American Dream. However, in recent times, that dream has gotten too expensive for many families, forcing them to rent, with little hope of ever buying a home. But, as a new study by real estate research company Clever found, that’s not always a bad thing. In fact, its data revealed that in 48 out of the 50 states, the cost of rent is less than monthly mortgage payments.

Of course, there are variables that make one or another better, depending on individual situations. For instance, renters enjoy few if any tax advantages, as opposed to mortgage holders. And renting gains you no real estate equity, while owning does.On the other side, the Clever study found that homeowners get hit with many unforeseen costs. For instance, according to its data, hidden expenses of homeownership can be as high as $18,000 a year. Then there’s the time: Homeowners spend an average of 600 hours, or 25 days, a year on home repair and maintenance. Yes, renting starts to look a little better during that 150th run to Home Depot.

The Clever study included a “price-to-rent ratio,” which is calculated by dividing the median house price by the median annual rent in a city. A value of 15 or less means it is more advantageous to buy, while 21 and over means it is much better to rent. Ratios from 16 to 20 depend on the individual scenario.

Currently, nationwide the price-to-rent ratio is 14.3, according to Clever, making it slightly better to buy than rent, on average. That’s down, by the way, from 2022 and 2021, when it was 15.1 and 15.0, respectively.

But those are nationwide stats. There are many places where the ratio is much lower (Cleveland is at 11.0, for instance) and much higher. Considering that, here are five cities where it would take you at least 25 years (300 months) in rent payments to own a home — but much, much more in mortgage payments.

Salt Lake City

Typical Home Price: $525,768
Typical Monthly Rent: $1,710
Months of Rent To Buy Home: 307
Price-to-Rent Ratio: 25.6

With world-renowned hiking and skiing in its backyard, Salt Lake City is a very nice version of the American Dream. But with a typical monthly house payment of $3,107, which includes mortgage principal and interest, taxes and insurance, assuming a 20% down payment, is a hefty financial commitment. So much so that going strictly by the numbers, it’s better to rent.

Seattle

Typical Home Price: $692,195
Typical Monthly Rent: $2,230
Months of Rent To Buy Home: 310
Price-to-Rent Ratio: 25.9

Known for its Space Needle, beautiful waterfront, sports teams, the original Starbucks in the city’s famous Pike Place Market and so much more, Seattle has earned its spot in this top five list. But its typical housing cost of $4,245, if you buy, turns out to be a strong argument for renting.

Los Angeles

Typical Home Price: $925,783
Typical Monthly Rent: $2,927
Months of Rent To Buy Home: 316
Price-to-Rent Ratio: 26.4

Living close to the stars and the Pacific will cost you. With a typical monthly house payment of $5,558, it would cost you nearly twice as much per month to buy the typical Los Angeles home than rent it. And that’s assuming nothing breaks or needs maintenance.

San Francisco

Typical Home Price: $1,132,315
Typical Monthly Rent: $3,071
Months of Rent To Buy Home: 369
Price-to-Rent Ratio: 26.4

Many might think that the City by the Bay would top the list when it came to places to rent rather than own, and it was close. It would take the equivalent of almost 31 years of typical rent to match the sticker price of the city’s typical home. Yet, according to Clever’s price-to-rent ratio, renting is still the smart move, by a lot.

San Jose, California

Typical Home Price: $1,502,362
Typical Monthly Rent: $3,331
Months of Rent To Buy Home: 451
Price-to-Rent Ratio: 37.6

More than 37 years. That’s how long it would take monthly rent payments to match the cost of a typical San Jose home. But that still might be preferable to the shocking $8,943 per month needed for the typical house payment. Why so pricey? There are likely many factors, including the fact that it’s home to much of the tech industry, with a strong job market and international demand. Whatever the reason, it’s safe to say that you’re going to need to pull down some major cash each month, whether you buy or rent.

1933 Double Eagle

Auction Record: $18,872,250 (June 2021)

Designed by Augustus Saint-Gaudens, the 1933 Double Eagle was the last gold $20 coin struck by the U.S. Mint before the nation left the gold standard, according to SD Bullion. The $20 gold coin was struck during the Great Depression.

Although the coin was officially not available to the public and all but two were said to be melted down, the 1933 Double Eagle ended up in the hands of a private collector, although it’s technically illegal to own one.

1933 Indian Head Gold Eagle

Auction Record: $881,250 (June 2016)

Part of the collection designed by Augustus Saint-Gaudens, the $10 Indian Head Gold Eagle was struck at the U.S. Mint from 1907 to 1916 and occasionally in 1933. It was the last $10 gold coin circulated in 1933, when President Franklin Roosevelt ordered the U.S. Mint to stop making them.

1932-D Washington Quarter

Auction Record: $143,750 (April 2008)

According to CoinTrackers, only 12% of Washington quarters minted in 1932 came from the Denver mint. Another fun fact: George Washington faced left in the original design. However, it was changed so that the president faced to the right, because people thought the original design made Washington look like he was retreating.

1934 Peace Dollar

Auction Record: $108,000 (August 2018)

The Peace Dollar was struck at the Philadelphia Mint from 1921 to 1928, 1934 to 1935, and for collectors beginning in 2021. The 1934 edition is considered unique, because that’s when the U.S. Mint began getting silver from world markets to mint more Peace dollars. Less than one million were made, according to CoinTrackers.

1937-D Three-Legged Buffalo Nickel

Auction Record: $99,875 (October 2021)

worth a lot of money.David Hall, founder of David Hall Rare Coins, said this nickel was “one of the most famous and most important coins of the 20th century,” as reported by Professional Coin Grading Services (PCGS). The 1937-D Buffalo nickel got its name because it was polished to the point where the front leg was missing. Surprisingly, the coin is scarce in “circulated” condition but less rare in mint condition.

1938-D Walking Liberty Half Dollar

Auction Record: $44,400 (September 2020)

The 1938-D Walking Liberty half-dollar series is easier to find in uncirculated than circulated conditions, because the coins were saved by the roll in 1934. Hall said the 1938-D is rarer than the one issued in 1936, but not nearly as rare as earlier years.

1932-D Lincoln (Wheat) Penny

Auction Record: $25,200 (February 2021)

Jaime Hernandez, an expert in modern coins, said the “1932-D Lincoln Cent is one of the tougher issues from the 1930s,” PCGS reported. Hernandez also said it’s scarce and yet desirable when found with minimal markings and imperfections.

Trusted Online Daily Earning Websites 2024: No Investment

Are you tired of living paycheck to paycheck? Do you dream of a life where you can make money on your own terms, from the comfort of your own home? Well, my friend, you're in luck! In today's world, there are plenty of opportunities to earn a steady income without ever leaving your house. And the best part? These websites pay you daily! Yes, you read that right.

No more waiting weeks or months to see your hard-earned cash. With these daily earning websites, you can make up to earn money and get paid the very same day. So, sit back, grab a cup of coffee, and get ready to learn about some exciting ways to make money online.

17 Trusted Online Websites That Can Pay You Daily for Doing Various Tasks

Are you tired of struggling to make ends meet? Do you want to earn some extra cash on the side without leaving your home? The good news is that there are numerous websites that offer daily payments for work done online. In this article, we'll take a look at 17 websites that pay you daily for your time and effort.

1. Freecash.com

Freecash.com is a great website to make money online. With a simple and easy-to-use platform, it allows you to earn cash for completing various tasks such as watching videos, playing games, and taking surveys. The best part is that you can cash out your earnings via PayPal or gift cards to popular retailers like Amazon and Walmart. Whether you're looking to make a few extra bucks in your spare time or build a sustainable income stream, Freecash.com is definitely worth checking out.

2. Market Force

Market Force is a mystery shopping website that pays people to visit businesses and provide feedback on their experiences. As a mystery shopper, you can visit a retail store, restaurant, or bank, and submit your observations at the end of your experience. You'll get paid for each assignment, which typically ranges from $5 to $20.

3. TryMyUI

TryMyUI pays you to test website user interfaces and apps. You just need to sign up as a tester and complete a sample test. Once you've passed the test, you'll be able to receive paid testing jobs. TryMyUI pays around $10 per test, which takes about 20 minutes to complete.

4. Trymata

Trymata is a platform that allows users to earn money by completing surveys and participating in market research studies. These studies typically involve sharing your opinions and feedback on various products and services. The platform pays out rewards in the form of cash or gift cards, making it a great way to earn some extra income in your spare time. Whether you're looking to save up for a special purchase or just want to supplement your regular income, Trymata is definitely worth checking out!

5. Funds for Writers

Funds for Writers is a website that pays you to write. You don't need to have specific writing skills to be great at writing anymore. With each article averaging 500 to 600 words when accepted, you'll get paid $60 per article. All you have to do is browse their website and apply for different writing jobs.

6. miPic

miPic is a unique platform that allows users to turn their digital photos into products, such as phone cases, tote bags, and more. Not only can you sell your own designs, but you can also browse and buy from other artists on the platform. With miPic, you can earn money by sharing your creativity with the world. So, if you're a talented photographer or graphic designer, miPic is definitely worth checking out.

7. Handy

Handy is an app that offers various jobs, including cleaning, repairing, and delivery. You can build a profile and start getting hired by people who need help with tasks in their homes. Handy pays weekly via direct deposit, so you can start earning money right away.

8. MaxBounty

MaxBounty is a top affiliate marketing network that connects advertisers with affiliates who are willing to promote their offers. Affiliates can earn commissions by promoting a wide range of offers, such as lead generation, mobile app installs, e-commerce sales, and more. MaxBounty is known for its high payouts and fast payments, with affiliates receiving weekly payments via PayPal, ACH, or wire transfer. The network also offers a variety of tools and resources to help affiliates succeed, including tracking software, analytics, and support from experienced affiliate managers.

9. Appen

Appen is a company that offers various jobs related to AI, including language data collection, social media evaluation, and search relevance rating. You can work from anywhere in the world and earn up to $15 per hour. Payments are made via PayPal or direct deposit. Are you looking for a flexible and remote job that lets you work from the comfort of your own home? Look no further than Appen!

This website offers a variety of opportunities to work on projects related to data annotation, transcription, and language translation. With Appen, you can work on your own schedule and earn money daily. Plus, with their commitment to diversity and inclusion, you'll be part of a supportive and welcoming community of remote workers. Whether you're a student, stay-at-home parent, or just looking for some extra income, Appen is a great option to consider.

10. Field Agent

Field Agent is an app that pays you to complete various tasks, such as taking photos of products in stores, checking prices, and filling out surveys. You can earn up to $12 per task, and payments are made through PayPal or Dwolla.

11. Validately

Validately is a user research platform that connects businesses with real people to test their digital products such as websites and mobile apps. By participating in Validately's testing, you can earn money while providing valuable feedback to companies to improve their user experience. It's a win-win situation! Plus, Validately pays you daily, so you can earn money from the comfort of your own home and see the results of your work immediately.

12. Swagbucks

Swagbucks is a rewards program that pays you to complete surveys, watch videos, and shop online. You can redeem your points for cash or gift cards from popular retailers like Amazon and Walmart. Payments are made via PayPal or a gift card.

13. Clickworker

Clickworker is a microtask platform that pays you to complete small tasks, such as data entry, web research, and copywriting. You can work whenever you want and earn up to $9 per hour. Payments are made via PayPal.

14. Li.me

Li.me is a company that offers electric bike-sharing services in various cities worldwide. The company's mission is to provide an affordable and eco-friendly transportation option for urban commuters. With Li.me, users can easily find and rent electric bikes using the company's mobile app. Whether you're commuting to work or exploring a new city, Li.me offers a convenient and sustainable way to get around. Plus, if you're looking for a way to make extra cash, you can become a Li.me charger and earn money by charging and maintaining the company's electric bikes.

15. UserTesting

UserTesting pays you to test websites and apps by recording your screen and providing feedback. You can earn up to $60 per test, which takes about 20 minutes to complete. Payments are made via PayPal.

16. Amazon Mechanical Turk

Amazon Mechanical Turk is a platform that pays you to complete small tasks, such as image tagging, audio transcription, and data entry. You can earn up to $20 per hour, and payments are made via Amazon gift card or direct deposit.

17. Scribie

Scribie is a transcription company that pays you to transcribe audio files. You can earn up to $25 per audio hour, and payments are made via PayPal.

Hence, as you can see that making money online has never been easier. With these daily earning websites, you can earn some extra cash on the side by completing small tasks, testing websites and apps, or writing articles. While these websites won't replace your full-time job, they can certainly provide you with a flexible way to supplement your income and achieve your financial goals. Whether you're looking to pay off debt, save up for a vacation, or simply earn some extra spending money, there's a website on this list for you. So why wait? Start exploring these amazing opportunities and start earning money today!

how to start earning money online An Introduction to Online Income Generation

It's the best moment ever to start earning money online because there are tonnes of options available to you as a newbie. With over 33 million small businesses in the US alone, small businesses comprise nearly 99 percent of all firms. You are not alone if you are considering launching a new firm.

The best way to do this as a novice is to launch your own side project or business. Your side gig might turn into a successful online business with commitment and effort.

If your goal is to make money online, you must have an online presence and stand out from the crowd. Creating money isn't a quick way to become wealthy. You ought to be developing an authentic, moral internet business. Do notDemonstrating your identity, values, and potential benefits to others is essential for becoming noticeable amidst the noise of the internet. It all comes down to establishing a rapport with your audience and winning their loyalty and trust.

You must concentrate on being approachable, reliable, and real in order to achieve that. You'll quickly be on the road to success if you put in the time and effort to develop your web profile.

Selecting a Niche for Online Income Generation

You must first determine where you can provide value and earn money before you can begin making money online. A niche should strike a balance between consumer demand, rivalry in the market, and personal interest.

What are your areas of competence and passion?

Listing your interests and areas of experience is the first step. What activities do you find enjoyable? Which abilities have you developed over time? The best niches are frequently those that complement your skills and hobbies outside of work. This not only guarantees that you can deliver worthwhile services or material, but it also makes the work more pleasurable.

Market research

Carry out in-depth market research to verify your specialisation. Analyse online discussions, keywords, and search trends to find demand. See if you can bridge any gaps in the services or content that are currently offered. Don't forget about the competition either. The existence of a few competitors indicates a healthy market. However, having too many rivals could be a big obstacle.

Getting the Hang of Internet Marketing

Mastering online marketing is the key to being found and making sales. Here are a few strategies to follow to ensure you are reaching your audience:

1. Content is Queen

Regardless of the platform, you need to have relevant and high-quality content. To ensure that your material is discoverable, familiarise yourself with SEO concepts. Include keywords, write attention-grabbing headlines, and produce content that will actually benefit your target audience.

2. Building Your Brand

Your personal or business brand is how you'll be recognized and differentiated from the competition. This involves everything from designing a logo and choosing a color scheme to maintaining a consistent voice and style across all your content.

In coastal districts, two persons become victims of a stock market trading scam and lose Rs 1.07 crore.

Today News Network of Mangalore

On October 9, 2024, in Mangaluru:Two people in Mangaluru and Udupi have lost a combined total of Rs 1,07,68,000 to con artists posing as share market traders in two different incidents.

A complaint about someone being conned out of Rs 90.90 lakh while claiming to be making large profits from share market trading has been filed at the Kavoor police station.

On July 1, the complainant claimed to have received a message from the WhatsApp group "613 HDFC Securities Official Stock," which promoted online share trading instruction.

The complaint received a link to open a trading account on July 16 from an unidentified source. After entering personal information, the complainant created an account. The first investment was Rs 5,000.

Then, as directed by unidentified individuals, a total of Rs 90.90 lakh was moved to other bank accounts between July 22 and August 16.

The complaint claimed that fraud resulted from the inability to withdraw the invested funds.

In a different instance, a guy fell victim to internet scam seeming to be dealing shares, losing Rs 16,78,500. In a complaint, Abdul Rafiyat alleged that he received an invitation to join a WhatsApp group called WEBISDOM.

He joined the group which then offered facts on share market trading and asked him to invest

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