Playlist: Old v. young, good ARMs, the Chinese housing market
Posted by Christina Huh
For Marketplace Money, Friday, June 10 2011
This week on money we turn conventional thought on its head: Those adjustable rate mortgages got a bad rap during the financial crisis. But after weeding out the bad apples, ARMs may not be a bad option for home owners. It may be one that can save them thousands. Also, it's an accepted theory that greater range of one product equals more competitive prices, but a business psychologist says that's not always true. And you'd think the combination of conservative, stuck-in-their-ways older employees and younger, technologically forward young bosses may be an explosive one. But the reality indicates otherwise.
The housing market in the U.S. is still floundering, but in China it's booming. Kai Ryssdal tells us about the housing lookout in China. It's graduation season and Chris Farrell gives them his two cents. Kathy Kristof of Kiplinger's Personal Finance Magazine dispenses advice on how to improve your credit, managing your student loan debt and whether or not your company is required to give employees a cost of living increase. Here are the songs we played: