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Millennial Money: Is being a landlord worth it?

Published Fri, 22 Nov 2024 07:23:35 GMT

Real estate has been a popular investment for a very long time — for those who can afford it. But in recent years, trends such as house flipping, “house hacking” (living in one room of a property while renting out the others) and short-term vacation rentals have made real estate investment much more accessible, especially for millennials seeking a second income stream in an uncertain economy.Though the potential profit is tempting, being a landlord may not be for everyone. Rental properties involve significant upfront costs, time commitment, legal liabilities and ethical dilemmas that can put a dent in your dividends. So before you take out a loan to buy an investment property in an “up-and-coming neighborhood,” here are three things to consider.KNOW WHAT YOU CAN COMMIT TOThere are many ways to oversee rental real estate, from being fully hands-on to hiring someone else to manage a property you’ve never seen in person. When weighing your options, assess the time and money you can co...

Tuesday Forecast: Temps in low 50s with breezy conditions

Published Fri, 22 Nov 2024 07:23:35 GMT

CHICAGO — Starting partly sunny Tuesday with breezy southwesterly winds. We'll see clouds increase throughout the afternoon and highs climbing into the low 50s. Interactive Radar: Track showers and storm here Rain showers return to the forecast this evening with more widespread showers likely overnight. The wet weather lingers early Wednesday. Another system moves in late Wednesday night and into Thursday which will bring us the potential for showers and thunderstorms.Full forecast details at the WGN Weather Center

Dodge unveils last crazy-fast gas-powered muscle car

Published Fri, 22 Nov 2024 07:23:35 GMT

DETROIT (AP) — The last gas-powered muscle car from Dodge isn't leaving the road without some squeals, thunder and crazy-fast speed.The 2023 Challenger SRT Demon 170 will deliver 1,025 horsepower from its 6.2-liter supercharged V-8, and the automaker says it will be the quickest production car made.Stellantis says it can go from zero to 60 miles per hour (97 kilometers per hour) in a scary 1.66 seconds, making it faster than even electric supercars from Tesla and Lucid.It's what the performance brand from Stellantis is calling the last of the rumbling cars that for decades were a fixture of American culture on Saturday night cruises all over the country.Stellantis will stop making gas versions of the Dodge Challenger and Charger and the Chrylser 300 big sedan by the end of this year, squeezed out by stricter government fuel-economy regulations and an accelerating shift to electric vehicles to fight climate change.The Canadian factory that makes all three cars will be retooled to mak...

Can I drive with my interior lights on in Illinois?

Published Fri, 22 Nov 2024 07:23:35 GMT

ROCKFORD, Ill. (WTVO) — Many parents tell their kids to not drive with their interior lights on, as it can make it harder to see when it is dark out.Drivers might be wondering, however, if they can get in legal trouble if a police officer sees them with those lights on.While it is not illegal to drive with interior lights on, according to Tom Fowler Law, parents had the right idea when they said to not have them on, as it can lead to a different violation.Careless or distracted driving is still considered illegal, and driving with interior lights on can lead to the vehicle's driver, or other drivers, becoming distracted. This can cause accidents.Interior lights will generally reflect off of the windshield when it is dark out. This reduces the visibility for the driver, meaning they will not be able to see and react to circumstances as quickly as if they had their lights off. Wisconsin residents bought $121M worth of Illinois weed in 2022 In addition, most of the time when a driver...

Where did Texas' record budget surplus come from?

Published Fri, 22 Nov 2024 07:23:35 GMT

AUSTIN, Texas (KXAN) — You've heard us talk about the state's record budget surplus of $32.7 billion dollars. A viewer reached out to KXAN via Report!t asking where the money came from.The surplus is money expected to be left over at the end of this fiscal year. State Comptroller Glenn Hegar has said you can thank inflation for a lot of it; people paying more for goods and services means more sales tax pouring into the state. Hegar also pointed to spikes in energy and gas prices for some of the surplus. In total, lawmakers will have about $188 billion in revenue to spend for the 2024-25 biennium, an increase of 26% from the last go-around.But Hegar has said don't expect the state to see money like this again any time soon."Bluntly, don't count on me announcing another big revenue jump two years from now," Hegar said back in January. "The revenue increases that we've seen have been, in many ways, unprecedented, and we cannot reasonably expect a repeat.""This budgeting session is trul...

Possible designs for Project Connect's light rail system to be unveiled Tuesday

Published Fri, 22 Nov 2024 07:23:35 GMT

AUSTIN (KXAN) -- The Austin Transit Partnership, the entity responsible for delivering Austin's Project Connect, will unveil several options to the public on the scope and design of a new light rail system during an open house on Tuesday night. The open house will be from 4-7 p.m. at the Austin Public Library’s Central location at 710 W. Cesar Chavez St.The design of the public transit system was put on hold in the summer of 2022 because ATP discovered the cost of building two light rail lines would be a lot more expensive than originally thought. Originally, the cost of a blue line, designed to connect north Austin to the airport, and an orange line, designed to connect north and south Austin, would cost the city $5.8 billion. In April, ATP projected the cost for the two rail lines to be $10.3 billion. KXAN has put together a complete timeline of this project since it was accepted in 2020. Realistic options for the public ATP has been holding conversations with community groups and...

Did you know UT's art program has 28 artworks borrowed from The Met museum?

Published Fri, 22 Nov 2024 07:23:35 GMT

AUSTIN (KXAN) — If you've spent time on the University of Texas at Austin campus, you've most likely taken a look at the school's public art program—which includes many pieces borrowed from the famed Metropolitan Museum of Art in New York. UT's public art program, called Landmarks, started in 2008 with 28 borrowed works from the Met. Since then, it has grown to 46 installations across campus and at the Dell Medical School. How does ‘tip creeping’ affect Texans? The collection includes commissions from admired or promising artists. Kathleen Stimpert, the program's deputy director, said each piece is picked to fit the space, such as art that mimics binary code at the computer sciences building or a feminine sculpture outside the former women's gym. Many of the selected artists are well-known in the art world, Stimpert said. The university is celebrating the program's 15 years. On a typical day, the art gets over 160,000 views plus 75,000 visits to the program's "crown jewel," the Tu...

Fire breaks out in Troy parking garage

Published Fri, 22 Nov 2024 07:23:35 GMT

TROY, N.Y. (NEWS10) -- A parking garage fire in Troy broke out around 5 a.m. on Tuesday morning. The fire happened near 2751 5th Avenue. Get the latest, news, weather, sports and community events delivered right to your inbox! Fire officials say no one was injured as a result of the fire, and the cause of the fire is under investigation. Stick with NEWS10 as more information regarding the fire becomes available.

5 things to know this Tuesday, March 21

Published Fri, 22 Nov 2024 07:23:35 GMT

ALBANY, N.Y. (NEWS10) -- Happy Tuesday! On this first full day of spring, we can expect some warmer weather. After a chilly morning, afternoon temperatures will be within the mid-50s for the Capital Region. Get the latest, news, weather, sports and community events delivered right to your inbox! A 13-year-old is in grave condition, according to Troy police, after a mini-bike crash on Sunday night. Also, a Troy man will serve 20 years in prison after admitting to pulling the trigger in the fatal shooting of his own brother. The man claimed the shooting was not intentional. These stories, and more, are covered in your five things to know this Tuesday morning. 1. Troy man sentenced to 20 years for killing brotherA Troy man who admitted to pulling the trigger in the fatal shooting of his own brother was sentenced on Monday to 20 years in prison. Prior to the judge handing down her sentence, Jatae Gourrier-Lewis apologized to his family and asked for leniency saying the shoo...

Deadline for priests to submit inputs protecting parishioners from consolidation today

Published Fri, 22 Nov 2024 07:23:35 GMT

ST. LOUIS - St. Louis priests can make one last plea to keep their parish doors open. The deadline to make that request is Tuesday.Parishioners are not happy about the changes, but the archdiocese says attendance is simply down and they also are seeing fewer priests.In the archdiocese, along with decreasing priests keeping churches running, they shared that they are also short-staffed for the day-to-day operations. The archdiocese said they've been collecting data and talking with priests about restructuring the 178 parishes for more than a year and a half for the all things new plan. Trending: Remains in Crawford County possibly of woman missing since 2014 They revealed data showed mass attendance is down, they're seeing fewer baptisms, and they also have 74 priests that are eligible to retire in the next 10 years. These are some of the many reasons why the archdiocese explained that restructuring for the church is necessary.The specifics about the parishes that are going to per...