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Alcynna Lloyd

Alcynna Lloyd

Economic Reporter at Business Insider

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Email address
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Influence score
66
Location
United States
Languages
  • English
Covering topics
  • Society
  • Real Estate

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Recent Articles

businessinsider.in

A couple who moved from the US to Costa Rica and saves $1,500 a month thinks more Americans shoul...

Zach Gerth recently moved to Costa Rica, a small country in Central America with many English speakers.He and his partner left the US to improve their standard of living and start a new business.Zach Gerth, 35, and his partner, Anna Sosdian, 34, have spent the majority of their adult lives traveling and living abroad. In 2022, the American couple finally laid down roots in Costa Rica, a small, Central American country located between the Caribbean Sea and the Pacific Ocean that is known for ecot…
businessinsider.in

Sorry, homebuyers. Houses aren't getting cheaper. - Business Inside...

It’s unlikely home prices will continue to fall, Skylar Olsen, Zillow’s chief economist, said.There are so few for-sale homes that buyers still compete for them despite higher mortgage rates.Home prices in the US just posted their first annual decline — by a minuscule 0.2% — in more than a decade. Some bearish pundits and real-estate investors are taking it as a sign of more dire drops to come, predicting a bubble burst or even a crash.But don’t expect home prices to drop much farther in most ar…
businessinsider.in

I'm a millennial real-estate agent here to tell you that long-term ...

David Ravitz thinks he’s cracked the code to building wealth with homeownership.Ravitz bought a home in 2021, lived in it during renovations, and is selling it two years later.This as-told-to essay is based on a conversation with David Ravitz, 31, a millennial real-estate agent who is dropping the idea of long-term homeownership to accumulate wealth. The conversation has been edited for length and clarity.I grew up and lived in the same house for 18 years. But most people don’t stay in the same…
businessinsider.in

'The mortgage cheat code': If you want lower interest rates, there'...

Homeowners with certain loans can sell their low-interest-rate mortgages to qualified buyers.The transaction is called an assumable mortgage, which has grown in popularity as rates have risen.Earlier this year, Felix Claudio struggled to buy a home in Atlanta for his family.Mortgage interest rates reached almost 8% in October — the highest in over 20 years — leaving homebuyers like Claudio, a 55-year-old senior logistics manager for a transportation company, worried about affording monthly payme…
businessinsider.in

Some people are leaving Texas because of its unreliable energy grid...

The climate crisis is intensifying both the summer heat and the winter cold in Texas.Some Texans worry the power grid can’t handle rising demand from population growth and bad weather.Ty Joerger, 25, was a Texan through and through.The multimedia producer was born in Houston, lived in San Antonio as a child, and grew up in the Dallas-Fort Worth area. He hadn’t seriously considered living anywhere else.Then came the Great Texas Freeze of 2021 — when the state’s strained power grid collapsed in th…
businessinsider.in

The fastest-growing city in Texas is a tiny place no one's ever hea...

Texas’ fastest-growing city is a small spot outside Dallas called Josephine, census data shows.Josephine has just under 7,000 residents, and thousands of new homes are being built there.In 2022, Cassidy Moore and her husband were searching for their first home together.Moore — a 31-year-old former nanny who grew up on the outskirts of Dallas-Fort Worth in McKinney, Texas — said she had no desire to purchase a home in Dallas itself, where the couple would have to deal with heavy traffic and a hig…
businessinsider.in

Meet the typical mover to Austin: Single millennial renters making ...

Between 2021 and 2022, 71,801 people from different states moved to Austin, according to Census data. Many movers to Austin are white and millennial, and have higher incomes than locals.Jasmine Cambridge, a 25-year-old steakhouse server with aspirations of working in marketing, moved from Atlanta to Austin in 2023.Cambridge, a Black woman, said she moved to the city in pursuit of better job opportunities and the potential of greater social mobility.Austin is up-and-coming, fertile soil, Cambridg…
businessinsider.in

I got a 2.5% mortgage rate last year when everyone else was getting...

Amy Yzaguirre and her husband purchased a home in Oregon with a 2.5% interest rate in 2023 when rates were around 6% .The lower mortgage rate, attained via an assumable mortgage, will allow them to save $40,000 over 28 years.This as-told-to essay is based on a conversation with Amy Yzaguirre, 40, a student and barista, who with her husband purchased a home with an assumable mortgage in Tigard, Oregon, in March 2023. An assumable mortgage allows qualifying buyers to acquire the interest rate, cur…
businessinsider.in

Beyoncé and Jay-Z bought the most expensive mansion in California h...

Beyoncé and Jay-Z, seen here at the 77th Annual Golden Globe Awards, own a dazzling array of real estate.Neilson Barnard/NBCUniversalIn 2023, Beyoncé and Jay-Z purchased a home that set a record for the priciest home in California.The $190 million Malibu mansion is just one of the many properties they own around the country.Beyoncé and Jay-Z break music records — and real-estate records.The couple, which Forbes reports is worth a combined $3 billion, are linked to many multimillion-dollar homes…
businessinsider.in

A scammer conned us out of our $32,430 down payment by email. We di...

This as-told-to essay is based on a conversation with Daniel Pietschnig, 32, and Jessica Madalena, 31, who lost a $32,430 home down payment to a scammer in 2022. The essay has been edited for length and clarity.Daniel: We live in Wood-Ridge, New Jersey. Compared to other major cities in the state like Jersey City and Newark, it is a smaller area.Jessica grew up in Wood-Ridge; her mother and grandfather grew up here, too. Since her family is from the town, it was somewhere we wanted to start our…
businessinsider.in

A millennial transformed a house into her pink '90s dream home with...

Kate Gabrielle, a 37-year-old accessories designer, poured her heart into decorating the house. She hopes its new owner will keep some of its charm.