Some interesting numbers to make you go ummm…
1) Impact on the Economy – The building of an average single family home creates the equivalent of 2.97 jobs for a full year. The building of an average rental apartment creates the equivalent of 1.13 jobs for a full year (source: National Association of Home Builders)
2) State and Local Taxes – For every $100 that the average American pays in state income tax in a single year, he/she pays $103 in sales tax (on consumer purchases throughout the year) and $145 in property taxes (source: Tax Foundation)
3) Parents or Kid? – A July 2014 survey found that 31% of US households are providing financial assistance to adult children, a larger number than the 21% of US US households that are providing financial assistance to elderly parents (source: American Consumer Credit Counseling)
4) Water Woes – 93% of California is experiencing a “severe drought” (note that the continuum of droughts is defined as a range from “severe” to “extreme” to “exceptional”). 14% of the United States is experiencing at least a “severe” drought. (source: US Drought monitor)
5) No Fancy Degree – 20 current members of the US House of Representatives (out of 435 members in the House) have no educational degree beyond a high school diploma (source: Congressional Research Service)
6) Nothing for Me – 1 out of 7 American workers (14%) surveyed in April 2015 (total of 1,015 people participated) do not believe Social Security will ever pay them a penny of retirement benefits (source: Gallup)
7) Low Cost, High Usage – An average working couple in America that turned 65 years old in 2015 is projected to receive $427,000 in Medicare benefits over their lifetime, more than 3 times the $141,000 they paid in Medicare taxes during their working years (source: Urban Institute)
8) More Than Half the Gain – The total return of the S&P 500 over the the years 2010-2014 was 105.1%. the best 12 trading days during the 5 years produced a 53.7% gain. Thus 1% of trading days was responsible for 51% of the indexes total return. (source: BTN Research)
9) Anyone With a Birthday Today? – Wish just 23 people in a room, there is a 51% chance that 2 people in the group will have the same birthday. (source: BTN Research)
10) Major Illnesses – 4 chronic diseases (cancer, strokes, diabetes and heart disease) are the cause of 67% of the deaths in America each year (source: National Council of the Aging)
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth