Lead Story…. Not a ton of commentary for today but I found this piece about women and home ownership from Bloomberg’s Mary Pilon absolutely fascinating (emphasis mine):
The news and research about women and money can be dreary. Women earn less than their male counterparts, pay harsher workplace penalties for pursuing parenthood, struggle more with debt, and save less for retirement.
But there’s one area of personal finance where single women are outpacing men in the U.S., and it’s a significant one: home ownership.
Nearly a century since the publication of A Room of One’s Own—Virginia Woolf’s essay on women’s urgent need for a private physical space in which to flourish—and a legacy of laws that restricted women in owning property or considered them to be property, single women account for 17 percent of homebuyers in the U.S., compared with 7 percent of single men. The data, from last year, are from the National Association of Realtors.
So, despite the challenges in that first paragraph, single women buy homes at more than twice the rate of single men. Women have been buying in larger numbers than men since the early 80s but the buying gap between single women and single men has been widening pretty much ever since.
There is a lot more background in the article. The question that this really raises for me is: are home builders doing enough to appeal to a group that is such a substantial part of the market?
Disconnect: The vast difference between optimistic consumer and business surveys and meh economic data reports indicate that there is a substantial gap between American economic hopes and reality.
The Downside: How efficiency and advances in automation is wiping out the middle class and what we can do about it (Hint: it involves a tax structure that rewards job creation). See Also: Technology’s unlikely victim: how human porn actors could become obsolete in the future.
This Will End in Tears: China’s bond market has a forgery problem.
Hanging in There: Hotel occupancy is holding up in spite of a wave of new construction.
Rolling Out the Red Carpet: Suburban office parks are investing big money to improve amenities in order to lure clients away from more urban locations.
Schooled: Parents are making big sacrifices to live in top school districts and then often moving immediately after graduation.
Can’t Stop Won’t Stop: The S&P CoreLogic Case-Shiller Indices rose 5.6% in the 12 months ended in November and shows no signs of slowing down.
Insatiable Appetite: By and large, restaurants are one of the few bright spots in brick and mortar retail, at least when it comes to revenue growth and foot traffic. However, many are seeing their bottom line eaten away by landlords and labor costs.
#Goals: Inside the secret world of the superyacht elite.
Scale: Some absolutely mind blowing statistics about the financial success of Facebook.
Chart of the Day
Seems Reasonable: Police found an Ohio man who called 911 to report that he was too high lying on the floor surrounded by piles of Doritos, Chips Ahoy cookies and Pepperidge Farm Goldfish.
Degenerate Gamblers Guide: As usual, the prop bets that Las Vegas sports books are offering for the Super Bowl are both outstanding and hysterical.
Busted: Meet the pastor who was busted having sex with another man’s wife when the man came home and found the pastor with his wife in his daughter’s bed, causing the pastor to flee the scene naked. I know what you’re thinking and yes, this did happen in Florida. Also, I’m pretty sure that this was a of the incident taken by a neighbor.
No Easy Way Out: Meet the Oregon woman who had gauges so large cut in her earlobes that her pet snake got stuck in side and she had to go to the emergency room to get it removed. In other news, I hear that she’s single, guys. (h/t Tad Springer)
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