★ This Week in #FinancialGossip: Avocados, Amazon and The RompHim™
If you could somehow control your outlandish avocado toast addiction, you would still need to earn about $200,000 a year to afford an average home in San Francisco.
Home investment company Unison recently released a report examining the affordability of homes across the U.S. and data reflecting the income needed to afford a median-priced home in each market.
While San Fran is obviously on the high end of the list, the report does paint a pretty accurate picture of the difficulty first-time homebuyers face. Stagnant wages + increasing home prices? It’s not exactly a dream situation. And that’s not factoring in student loans or lattes.
On the upside, you can always move to Pittsburgh or San Antonio where a sweet salary of just $20k puts you on the map for an average abode. However, we can’t vouch for the quality of the avocado toast in either location.
A new Kickstarter campaign has already raised over $100,000 to give the world the RompHim™. Err, a romper designed specifically for men.
It is as completely brotastic, as you can imagine. They’re even promoting a 4th of July version that is red, white, blue and $190. While we are all for equality, we can’t help but want to hold a double standard here.
Can’t rompers just be for girls?! And… babies?!!?!?
We’d say, “Wait until they try to go to the bathroom in one!” because that would end this nonsense quickly. But the RompHim has a zipper fly, and so we relinquish and wish them the best in their pursuits of becoming “your new favorite summer outfit”. Cheers to a summer of guys wearing chambray onesies!
This week’s good neighbor award goes to James Mazzo, former owner of Advanced Medical Options.
Before his company was bought out by Abbott Laboratories in 2008, it made LASIK surgery equipment and contact-lens products. Mazzo also lived in the same neighborhood as former MLBer Doug DeCinces, and may or may not have shared some tips with DeCinces about his company.
You know, the same kind of tips that put little old Martha Stewart behind bars. DeCinces reportedly scored $1.3 million thanks to his Laguna Beach buddy.
But rather than taking that money all the way home, it’s looking like the Grand Slammer for DeCinces who is being charged with 13 counts of insider trading. Each charge carries a potential maximum sentence of 20 years in federal prison.
We all know Amazon has been a smashing success, but have you ever wondered what life would be like as an early investor?
If you were one of the peeps who really saw the potential of an online bookstore back in 1997, then you too would be reaping the rewards of a 36% compounded annual gain. In other words, if you invested $5,000 in Amazon stock when the company went public 20 years ago, that investment would be worth $2.4 million today.
As for Amazon’s founder? Well, Jeff Bezos is also the online retailer’s largest shareholder and just became the world’s second richest man in March. You can’t beat those Benjamins.
(Unless you’re Bill Gates.)
For the past five years, CNBC has curated a list of the 50 startups with innovations that are changing the world — and the 2017 edition has just been published.
Companies that made the cut include the usual suspects (Airbnb, Spotify, Uber), the continuously captivating (SpaceX, 23andMe), and the not very sexy but super useful (Docusign, Dropbox).
Combined, these private companies have raised almost $44 billion in venture capital at a $239 billion market valuation and the future is bright. Thirty-one have already reached or surpassed the billion dollar mark.
Elsewhere, in blogger gossip…
- Taylor from TheFreedomFromMoney.com starts a podcast!
- The Bare Budget Guy is packing his bags and moving to Nicaragua.
[All gifs by Giphy]