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Friday 16 February 2024

Now might be a good time to rent

08:01

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Housing costs make it hard to buy ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Feb 16 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Hi and welcome to Friday's The Daily Money. This is Betty Lin-Fisher. Each Friday, I will bring you a consumer-focused edition of this newsletter.

If you're in the market to buy a house, you may need to consider renting instead. The median sales price of homes continues to rise and mortgage rates are twice as high as in 2022.

In most of the nation's largest cities, renting is now far cheaper. Find out more about why you may want to consider renting in this story from my colleague, Daniel de Visé.

Xxx Home Sales

Now may be a better time to rent than buy a house, given high sale prices and mortgage rates.

Steven Senne, AP

What's up with seat selection fees on airplanes?

Remember when you could buy an airline ticket and that included the option to pick your seat – without having to pay extra?

Nowadays, there doesn't seem to be a rhyme or reason for whether you get to choose a "free seat" or have to pay for a specific spot when you book a ticket on a major airline. For some tickets I booked recently, I was given the chance to choose free seats on one leg of the trip, but not on another.

You, of course, can take your chances and get assigned a seat – and sometimes you still get placed next to your travel companion. But other times, you may be stuck with that dreaded middle seat.

My colleague, Zach Wichter's column, "Cruising Altitude" this week delves into the reasons for this new annoyance and what you can do about it.

📰 Consumer stories you shouldn't miss 📰

Even college professors get scammed. Read this opinion piece in the Seattle Times.
You may have read stories about romance scams before, but this one has a twist.
The average American is getting a smaller tax refund (so far), the IRS reports.
Want to avoid kids on your next flight? Pick this day to fly.
Here's some ways to lower your car insurance.

🍔 Today's Menu 🍔

What's the Dorito Theory? Check out this story to find out "you can't just have one" and how that addictive feeling might translate to other parts of your life.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

FILE - A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. The CEO of the National Association of Realtors is stepping down, Thursday, Nov. 2, 2023, nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgement in federal court over its rules on real estate agent commissions. (AP Photo/Matt Rourke, File) ORG XMIT: NYBZ420

Generations of consumers have embraced homeownership as part of the American dream. Lately, though, it looks more like a pipe dream.

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You don't have to pay a seat selection fee, but if you don't want to get stuck in the middle at the back, you should consider it.
 

Why airplane seat selection fees are so ubiquitous | Cruising Altitude

Airplane seat selection fees are super common. Here's why and how to avoid them, even if it's not easy.

Tax season 2024
 

The average tax refund is smaller in 2024. So far.

What does it mean? Maybe nothing. Tax season started later this year. The IRS has only issued 2.6M refunds so far, versus 8M at this time last year.

Liza Likins of Las Vegas is photographed on Feb. 9, 2024. She was part of a romance scam, bilked out of $1.2 million from a man whose images looked like her late husband. ÒÔOnward and upward with gustoÕ is my motto,Ó Likins commented.
 

A romance scammer cheated $1 million from singer; she's fighting back

Liza Likins thought "Donald" was in love with her. Instead, he cheated her of more than $1 milllion in a romance scam.

Most U.S. airlines will let kids as young as 5 travel as unaccompanied minors.
 

Don't want kids on your flight? Consider booking a Sunday ticket.

Data from Hopper, the online travel booking platform, shows that Sundays and the fall are the least popular days for kids to take to the skies.

At least 100 shoppers wait in line and enter Target when the doors opened at 7 a.m. on Black Friday, Nov. 27, 2020, at the store in Martin County. Discounts on electronics, kitchen tools and toys were among the top deals offered.
 

As Target reportedly considers paid-membership program, a look at competitors

Target is internally considering a paid membership program, according to a Bloomberg report. See who they would be up against in the membership space.

The rush to board.
 

How passengers are cheating their way onto the plane faster

Passengers are finding new – and not necessarily ethical – ways of accessing their seats before everyone else.

Facebook added a new chirping sound while scrolling as part of a new update to make the mobile experience
 

Why your Facebook may be chirping and how you can stop it on the app

Anyone can turn off the chirping sound effect on the Facebook app by visiting the settings and toggling the In-App Sound to off with these steps.

The Carnival Pride cruise ship arrives at PortMiami, Tuesday, April 7, 2020, in Miami.
 

How to stay safe on cruises to countries with travel advisories

If you have booked a cruise to a destination with an active travel advisory, it may still be safe to go.

This is what I feel like doing when I get a robo-call I can't make stop.
 

Improve your life with these 15 smart tech tips

Kim Komando help you skip the clickbait and hype with 15 tech tips you'll use every day.

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