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Economic commentator Kyla Scanlon is noticing a potentially worrying trend in the investing outlook among younger generations. "But then you have the other side, which is an element to financial nihilism, where people don't want to save for retirement. They don't want to save money in general because they don't believe the future is there." Scanlon is aiming to bridge Gen Z's divided financial attitudes with her new book, "In This Economy? "The younger generation definitely wants [homeownership], because there's a lot of financial benefit to having equity," she said.
Persons: Kyla Scanlon, CNBC's, Scanlon, Gen Zers Organizations: National Association of Realtors
Now, a landmark settlement with the National Association of Realtors is poised to upend this model. According to consumer advocates, and even some Realtors, it's a win for homebuyers and sellers. And in the months following Covid-19 pandemic reopenings, the hottest U.S. real estate markets were tipped squarely in favor of sellers. It's the same amount of money, but now the buyer gets money instead of a buyer agent, and they can decide what to do with it." What's more, greater competition for clients is likely to result in lower costs across the board, said Ryan Tomasello, a real estate industry analyst with the Keefe, Bruyette & Woods financial firm.
Persons: it's, Mariya Letdin, Letdin, they'll, Doug Miller, Miller, Ryan Tomasello, Keefe, Tomasello, Phil Crescenzo Jr, Crescenzo Organizations: National Association of Realtors, Realtors, homebuyers, Florida State University's College of Business, NBC News, U.S, NAR, Nation One Mortgage Corp Locations: Alhambra , California, Minnesota, Woods
Jackson Greathouse Fall asked ChatGPT to turn $100 into "as much money as possible." As of mid-March, the company was valued at $25,000, according to a tweet by Greathouse Fall. From there, ChatGPT suggested the domain name EcoFriendlyFinds.com. But when Greathouse Fall learned the domain name cost $848 to acquire, it suggested one that was more affordable: GreenGadgetsGuru.com. While Greathouse Fall didn't disclose his investors, he tweeted that his "DMs are flooded" and that he is "not taking any more investors unless the terms are highly favorable."
Persons: Jackson Greathouse, ChatGPT, Greathouse, Jackson, — Jackson, We're, He's, didn't, , Green, chatbot Organizations: Morning, realtors —, Twitter, Facebook, jzinkula
Jackson Greathouse Fall asked ChatGPT to turn $100 into "as much money as possible." Jackson Greathouse Fall, a brand designer and writer, took to Twitter last week to share a prompt that he gave the chatbot. The company is now valued at $25,000, according to a tweet by Greathouse Fall. But when Greathouse Fall learned the domain name cost $848 to acquire, it suggested one that was more affordable: GreenGadgetsGuru.com. Are you using ChatGPT to save time or make money?
Housing prices, combined with the rise of remote work, threaten to end the middle-class dream of spending your final days in Florida. "It does put the retirement industry at risk because it's going to become more and more difficult" to retire in Florida, he told me. The political influence of Florida retirees is so significant that national publications send reporters to The Villages before elections to check its political pulse. The dream of a Florida retirement is dying as housing prices make it too expensive for most. And for people who are retiring now, the Florida retirement dream is starting to look a lot less sunny.
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