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Biden Says He Makes ‘lot More Money Now,’ Will Speak At Yale University – Upi.com

Notable deaths of 2014

“It’s how most middle-class families build assets… and for many, it’s the way you send your kid to college.” “That’s how I got my children to college,” Biden said, adding that he makes more money as vice president. “I make a lot of money now as vice president I make a lot of money,” Biden said. “As the president was thanking everyone for the sacrifices they made when he got us all in the Blair House — after he took office — and the financial sacrifices they made, he looked at me and said, ‘Except for Joe, he’s getting a pay raise.’” Biden’s salary as vice president for 2015 is $230,700. President Barack Obama has an annual salary of $400,000. The vice president will also speak at Class Day for Yale University, the university announced. “We chose Vice President Biden because of his resiliency, compassion and humor,” Class Day co-chair Akinyi Ochieng wrote in an email Tuesday night to the Yale senior class. “Vice President Biden continually approaches life with good humor and grace.
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Home Buying Pays Off Fast, but Hurdles Remain For Renters — SEATTLE, April 8, 2015 /PRNewswire/ –

– The point at which homebuyers can expect to break even on a home purchase – Zillow’s Breakeven Horizon – lengthened in many markets in 2014 as home value growth flattened. SEATTLE, April 8, 2015 /PRNewswire/ –Even though buyers in most markets can break even on a home purchase in less than two years,i nearly half of renters in a newly released survey said their credit or finances keep them from buying a home.ii Of renters surveyed by Zillow, 16 percent said they can’t qualify for a home loan, 18 percent said they can’t afford taxes, maintenance and other costs associated with homeownership, and 13 percent said they don’t have enough savings for a down payment. About a quarter said they struggle to pay their rent. According to the survey, 82 percent of renters are long-term renters, and 57 percent are long-term renters who have lived for a long time in the same home. Just 14 percent of renters said they aren’t staying long enough in the same place to buy. Zillow’s survey sheds light on why some renters are not buying homes, despite historically low interest rates, prices that remain below peak levels in many areas and rising rents. Mortgage math aside, 20 percent of renters said they simply prefer to rent. “If the buy versus rent decision were about simple math, we’d likely have millions more homebuyers in the market, because the equation is tilted heavily in favor of buying,” said Zillow Chief Economist Dr.
For the original, visit http://www.prnewswire.com/news-releases/home-buying-pays-off-fast-but-hurdles-remain-for-renters-300062516.html

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