PLUS: More Automation Stories That Will Effect Employment
Several small stories to cover today. Some interesting news on the automation front regarding trucking – something we have touched on before. However, with recent bills being passed to dramatically increase the minimum wage, we are seeing more automation being brought into jobs with the lowest skill levels. We will talk about some of those and see if we can come to any conclusions on how that will effect the employment landscape moving forward. Remember, the best way to solve real estate is to have strong employment!
We all like to think about new ways to reach our goals, right? Well, here is one that I think will help. If you are shopping for a single family home, make sure to include duplexes that will also satisfy your needs. There are plenty of 3 bed/2.5bath duplexes out there that have the same or smaller units as the second accommodation. So what does this do for you? Well, it likely actually SAVES you money! Despite this kind of setup costing you more, the amount of income you generate from the rental will likely offset your mortgage payment to the point that you are paying less than if you bought a stand alone single family residential home!
We will also take a few minutes to talk about an interesting turn in China where they are suffering from their own version of the subprime lending disaster.
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