Marketplace Money for Friday, December 7, 2012
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With less than three weeks to go until Christmas, what are you dreaming of? Maybe getting the perfect gift, landing the perfect job, or fulfilling your dream of buying a house? This week we take a look at the economics of gift giving, why the perfect job in paradise doesn't pay, and if owning a home is still part of the American Dream. Plus, can an independent liquor store still survive against the big-box retailers? And financial advice for investors worried about the fiscal cliff.
Posted In: wine, big box, independent stores
Conventional wisdom says that big-box stores and supermarket chains offer cheaper alcohol than independent shops. But private liquor stores offer something big retailers can't.
Posted In: Housing, foreclosures, hedge funds
Some cities with high foreclosure rates actually have housing shortages now, not a glut of foreclosed houses on the market. President Obama's mortgage-relief plan has helped, but another factor is hedge funds investing in houses to rent out.