day 5 :: trends, trials, & tribulations

After discussing the rise of social media and the downfall of traditional print advertising methods with Tom Doucette, Lindy and I hit the road for Gilbert, Ariz., and an appointment with Trend Homes.

recession proof

Get it? :)

It's officially official: I've been laid off (although I volunteered to be (long story)). Friday 20 February is my last day, and then preparations for my long-awaited reverse roadtrip kick into high gear (yeah, it's only been about 18 months, but that's a long time for me to live anywhere, let alone on the wrong coast).

You didn't think that all that talk about a newly unemployed 20-something was hypothetical, did you?

housing hypotheticals

Just wrote a new blog post for work and thought at least the first half was worth sharing here.

This seems like it should hardly come as a shock, but newsflash! from Seeking Alpha: Home prices have increased more rapidly than rents, it's significantly cheaper to rent than to buy (not even taking into account the costs of taxes and insurance (albeit also not factoring in that mortgage interest is tax deductible, I'll give you that)). Conclusion: Financially, there is no motivation to buy a home aside from price appreciation. Thus, in a market where homes are depreciating in value (i.e. the current one (in fact, the Wall Street Journal reports that price declines accelerated in 4Q2008)), it is illogical to buy a home.