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Jan 10 2018

Latest debt and net worth numbers for the average family are not good

A change in the flood plain maps could impact your home!

On todays show we are going to talk about some numbers that paint a picture of a public that is not doing well when compared to past decades in terms of net worth and debt ratios. This is particularly troubling when you consider all the various challenges to the stability of the economy that we are likely to face. You would want the public being better prepared financially for a potentially tough time.  Overall, even if you do not buy into the idea that some tough times may be ahead, these are not encouraging numbers. We will also talk about new flood plain data that would effect tens of millions of property owners who suddenly find their properties in a riskier flood plain than they were before. The insurance costs are something every owner or investor should be aware of. We will also take a few minutes to review the latest market numbers from Las Vegas, Nevada. Todays Links:

  • https://www.zerohedge.com/news/2018-01-09/median-family-net-worth-below-1989-level-debt-money-worst-62
  • http://www.calculatedriskblog.com/2018/01/las-vegas-real-estate-in-december-sales.html
  • https://www-bbc-co-uk.cdn.ampproject.org/c/s/www.bbc.co.uk/news/amp/science-environment-42169462

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