To the surprise of no one, it’s taking people longer to save for a down payment on a home. High prices, high mortgage rates, and high inflation are the biggest obstacles to saving 20 percent down on a conventional home loan. Where you live is also a factor — households in the Midwest have it a bit easier with a three-year average, but there’s bad news if you live in L.A. or New York where it takes 13.5 and 12.5 years, respectively.
When Hurricane Ian hit Florida last fall, Beth Booker lost contact with her mom during the height of the storm. She went viral as she took to Twitter to #BringCaroleHome amid massive flooding. Booker’s husband and a friend went out in a boat and eventually rescued her mom, Carole McDanel, from her waterlogged house. The mother and daughter’s emotional reunion was covered by outlets like The Washington Post and Good Morning America. It was certainly a feel-good story.
I take after my mom in many ways, but perhaps the main thing we have in common is being sentimental about the family heirlooms that fill our homes. It’s an admirable trait to share and one that makes for cozy and meaningful spaces. However, there’s one life event that an abundance of sentimental possession makes difficult — moving. Last year, my mom decided to move from Virginia to Pennsylvania.
I’ve never fainted in my life, but I came close to doing so recently when I received the first heating oil bill of the year. My knees buckled and the air around me grew hazy. Ah, the woes of being a homeowner in the Northeast as another winter approaches!I know I’m not the only one whose heating bill causes consternation.