Never question the ingenuity of the real estate developer.Close to 20 years ago, two of my best buddies and I decided to pool our resources after college and get an apartment of our own.The three of us were barely able to afford a 3 bedroom apartment that was about 10 years old at the time. We paid about $500/mo. in rent. To this day, I am not sure how we could afford that apartment.The apartment was a dump....

Some people dream of living a domestic life. Some people, on the other hand, dream of living a domestic life without actually having to go through the common tiring domestic tasks of having to mow the lawn every now and then, finding the best deals in home furniture, and saving up a big bulk of their salaries to build a swimming pool, basketball court, and other facilities that cater to the pleasures of the...

The decade of the 1980s has traditionally been viewed as a time of strong economic growth and innovation, mainly due to the smaller government, pro-deregulation policies of the Reagan administration. However, this decade also saw the setup of the housing market for a future crisis, with pieces being put into place at the Federal Reserve and throughout the banking system.After the high inflation rates of the...

Admit it! It’s happened to you too. You know what I’m talking about- you’re sitting there sipping your coffee while reading the Business section of the New York Times when you come across an article that goes on about our country’s GDP.Sure- I know what GDP is; it stands for gross domestic product! And that means… ?Our economy’s primary measure of performance is its annual...