By Dion Rabouin | Photographs by Dina Litovsky for The Wall Street Journal
Mark Yu had a profitable pandemic. Like many Americans, he added to his savings and pulled in big gains from the stock-market rally. He purchased a house in his new hometown of McAllen, Texas, then a duplex and an eight-unit apartment complex in Cleveland.
But 2022 hasn’t been so kind. His expenses have grown because of higher costs for gas, groceries and the dog food for his four German shepherds. The value of his stockholdings is shrinking. He is sending more money back to his family in the Philippines to help them cope with rising prices there. A cracked foundation in his new house cost tens of thousands of dollars to repair.
Source: finance.yahoo.com
Related posts:
Homebuyers and sellers: What Zillow's fiasco can teach you about property pricing
Analyst Report: Occidental Petroleum Corp.
3 REITs With Massive Dividend Yields
Palantir Stock Is Still Surging. It’s Not Just Earnings Causing Excitement.
Never Mind the 1%. Mini-Millionaires Are Where Wealth Is Growing Fastest.