Posted by Christina Huh
For Marketplace Money, Friday, June 24, 2011
For a while, getting a house in the 'burbs was au courant. And then the housing bubble burst. Now the new thing is to rent an apartment in a metro area. It's a landlords' market now, so be prepared to butter them up with offers of larger deposits, along with paying a higher monthly rent. And for those who have a house or are looking buy one, Tess talks to Zillow.com's chief economist about changes the company made to its algorithm, which caused Tess's home's value to drop significantly.
The debt ceiling debate may seem to be a fight isolated on Capitol Hill, but Congress' decision whether to raise the federal debt ceiling or not can have real implications on the pocketbooks of average Americans. Reporter Nancy Marshall Genzer looks at one family's financial status and how it can be affected if the ceiling isn't raised.
Author Zac Bissonnette makes his case on why it's a better financial decision to buy used or vintage furniture. Career coach Tim Tyrell-Smith helps Tess and listeners get over the "icky" factor of branding yourself. And Tess and David Lazarus of the Los Angeles Times try to talk one groom out of dipping into his 401(k) to fund his wedding, among other things. Here are the other songs we played: