Whether it’s the sense of community, the sign of a walk-able neighborhood, or the sign of an up-and-coming part of town, it’s smart to consider how close a home is to a Starbucks location before you consider buying it.
The folks at Zillow.com have crunched the numbers and “between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes.”
Now, before you jump in and say, “That statistic is ridiculous because Starbucks locations are seemingly everywhere,” consider that homes within the same distance of a Dunkin’ Donuts location only appreciated by 80%. BOOM!
While you obviously want to consider other factors when buying a home like crime rate, schools, and proximity to work, it’s smart to also throw in how close the home is to a Starbucks. After all, the brain trust at Starbucks corporate spends a lot of money finding and analyzing up-and-coming neighborhoods so it’s kind of like jumping on their coattails when picking a home that has the potential for the most appreciation.
In case you’re curious (and who isn’t), according to Zillow, here are the 10 metro areas most affected:
- Boston, MA, ironically, deep in the heart of Dunkin’ Donuts territory.
- Philadelphia, PA
- Washington, DC
- Chicago, IL, Starbucks’ first market outside the Northwest.
- Baltimore, MD.
- Portland, OR, where the favorite drink is an eggnog latte.
- Miami-Fort Lauderdale, FL
- Atlanta, GA
- Seattle, WA, Starbucks’ (and Zillow’s) hometown.
- Riverside, CA
Ask the Reader: Would you start using the “Starbucks Factor” when looking for a home to purchase?
Markets Where Starbucks Boosts Home Values the Most | Zillow.com
Photo by m01229.
There’s no doubt that credit cards can be a real thorn in the side to those with a propensity to spend recklessly. But if you learn to use them correctly, and pay off your bill in full every month, they can actually do some good in the form of rewards and free airline miles.
Douglas Clinton recently discovered a very cool way to take advantage of credit card rewards which ends up basically giving him a free Netflix subscription every month. He made it happen by signing up for the free BankAmericard Better Balance Rewards Card which gives a free $25 reward at the end of every quarter when you pay more than the minimum monthly payment, or pay off your monthly bill in full. He then uses the same card to pay his Netflix bill, and once he gets his $25 reward, it’s basically a wash.
I love clever ways to make credit cards work to your advantage, and this is brilliant! To see all the steps Douglas uses to make this happen, see the link to The Penny Hoarder article below.
How to Get Netflix for Free: This Guy’s Strategy is Brilliant | The Penny Hoarder
Photo by Ross Catrow.
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