Bill Talks About the Burbs Versus the City

Younger people want the excitement, activity and lifestyle of the city, right?  A Wall Street Journal article from a number of years ago suggested that young people will abandon their parents’ McMansions for urban settings, bringing about the high-density city revival so fervently prayed for by urban developers, architects and planners. Maybe not.  I just read an article by futurist Joel Kotkin in Forbes about why our Young & Restless Gen Y buyers will abandon the cities for the ‘burbs.  Why? Because when 30-somethings begin to get older, they do things like marry, start businesses, settle down and start having kids.  Joel’s comments are research based. For more, go to www.joelkotkin.com.

Beth Looks at Debt

I’m a numbers cruncher so what follows made sense to me, courtesy of David Thomas, Equitas Capital Advisors LLC.  For just a moment, pretend you are single or a couple making $21,700 per year.

So, add 8 zeros to these numbers and you understand the national debt crisis. In effect, Congress agreed to cut the equivalent of $385 from their annual deficit of $16,500 ($38,200 minus $21,700). We are not even close to solving our debt problem.