Nevada’s Creepy Clown Motel Is Now for Sale

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Located in the old gold and silver mining town of Tonopah, Nev., this Clown Motel is most certainly not the place for people suffering from coulrophobia (a.k.a., the fear of clowns). Not only is the lobby filled with hundreds of assorted clowns, from figurines and wall art to assorted trinkets, but each and every room is clown themed, as well.

Freaky enough for ya? It gets worse.

The motel shares a lot with a cemetery full of gold miners who died from a plague. The cemetery is literally right next door. It’s like a real-life horror film. Picture this: It’s after midnight and you’ve just checked into your clown-infested room when you realize: you left your phone charger in the car! No big deal—you’ll just have to leave your room, alone, at night, to run to your car that is more or less sitting in a probably-haunted cemetery full of things that go bump in the night. Not panic-inducing at all! It’s like House of 1,000 Corpses meets Stephen King’s It meets From Dusk Till Dawn. (Is it Halloween yet?)

clown_motel_2b

Image Credit: Travel Nevada

The motel’s owner, Bob Perchetti, is ready to retire and move on from the creepy clown shrine he opened 20 years ago. We can only guess what kind of buyer is going to chomp at this bit—actually, we shudder to think.

The motel is for sale for $900,000, but one condition: the motel must keep its heritage.

Take a further look inside The Clown Motel in this video from Las Vegas Now.

Nick Caruso is RISMedia’s senior editor. Email him your real estate news ideas at nick@rismedia.com.

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Ask any retiree what mattered most in their search for a new home, and most will tell you location. A recent study by WalletHub ranked the top locations for soon-to-be retirees, weighing cost of living, health care, quality of life and recreation—and in a not-so-unexpected twist, the top three locations in the ranking were all within the Sunshine State:

  1. Orlando, Fla.
  2. Tampa, Fla.
  3. Miami, Fla.
  4. Scottsdale, Ariz.
  5. Atlanta, Ga.

Several other cities outside of the top five were named ideal for retirees, as well. Laredo, Texas was ranked No. 1 based on cost of in-home care and cost of living, while Plano, Texas, and Grand Prairie, Texas, were ranked No.1 and No. 3, respectively, in most employed retirees. (Many people of retirement age are simply forced to keep working due to a lack of savings, according to WalletHub.) Some sprawling metropolitan areas are suited for retirees seeking an active lifestyle; Washington, D.C., for instance, is tied for first for the most museums and senior centers per capita.

When it comes solely to weather, however, California cannot be beat: Glendale, Riverside and Bakersfield ranked in the top three for “mild weather,” followed by Scottsdale, Ariz., and Henderson, Nev.

Source: WalletHub

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(TNS)—How does the U.S. stack up when it comes to taking vacation time?

As vacation spending in the U.S. surpasses $1 billion, people are definitely getting away more—but what is the quality of that vacation actually looking like?

An Ipsos Global poll looked at the way the world vacations and found that more and more people are spending time away from home, but fewer are fully disconnecting while gone.

Six in 10 respondents in the 25 countries surveyed said they have spent or would spend at least one full week away from work.

The three countries where the most people take a vacation away from home are India (80 percent), Great Britain (72 percent) and China (70 percent). There were just three countries where a majority said they would not be taking time away from work and home life: Hungary, South Korea and Japan.

In the U.S., 61 percent said they would likely spend a week or more on vacation.

Across all countries, 65 percent of travelers said they use all of the vacation time that they are given; however, this number has fallen over the past decade, declining the most in China, Japan, Italy and Australia.

While people are taking more time away from home, that doesn’t mean they are disconnecting. Less than half of respondents say they don’t check work emails when on vacation. This was slightly better in the U.S., where 52 percent say they don’t check their emails while away.

Since 2009, the number of those who check work messages increased across almost all countries surveyed.

Where are people staying the most connected? Vacationers in Italy, Japan, Spain and Belgium can’t seem to put their phones and laptops away while they are away. There are just two countries where the number of people staying in touch with work has decreased: Mexico and Brazil.

Overall, a strong majority of Americans have or plan to take time off this year. What we really need to work on is putting the phone down when we do.

©2017 Travelpulse
Visit Travelpulse at www.travelpulse.com
Distributed by Tribune Content Agency, LLC

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Would-be homeowners can easily plunk down savings for a home—if they forgo their friends’ one last hurrah before the big day.

A recent report by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for destination bachelorette parties) and $1,532 (for destination bachelor parties), according to The Knot, partaking in just nine pre-marriage celebrations—or three each year for three years—would total 34 percent, or $13,788, of a 20 percent down payment on a median-priced home.

Without question, the amount of parties needed to rack up one-third of a down payment varies by market:

Zillow_Bachelor_Party

Bachelor and bachelorette getaways are just one of several stereotypically “millennial” spending choices called into question as of late. Earlier this year, one real estate developer singled out avocados, telling Australia’s “60 Minutes”: “When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each.”

“Buying a home is one of the most expensive purchases someone will ever make, and for most first-time buyers, that means years of saving money to afford a down payment,” says Jeremy Wacksman, CMO at Zillow. “Attending your friends’ bachelor or bachelorette parties can be a trip of a lifetime. While everyone’s budget and priorities are different, big-ticket expenses like vacations can add up surprisingly quickly—a lot faster than a $19 avocado toast.”

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

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Flipping a house can be a profitable endeavor—especially in cities where flips thrive. The best cities, according to recently released findings from a study by WalletHub, boast a combination of a desirable quality of life, cost-effective renovation expenses and prime market potential.

The following cities, based on those criteria, are best for flips:

  1. El Paso, Texas
    El Paso earned the No. 1 ranking in WalletHub’s study, with a total score of 69.6. El Paso has the third-lowest bathroom remodeling costs, on average, of the 150 cities evaluated.
  1. Sioux Falls, S.D.
    Sioux Falls earned the No. 2 spot in the ranking, with a total score of 69.52.
  1. Fort Wayne, Ind.
    Fort Wayne earned the No. 3 spot in the ranking, with a total score of 67.38.
  1. Peoria, Ariz.
    Peoria earned the No. 4 spot in the ranking, with a total score of 66.6. Peoria has the fourth-lowest whole-home remodeling costs, on average, of the 150 cities evaluated.
  1. Oklahoma City, Okla.
    Oklahoma City earned the No. 5 spot in the ranking, with a total score of 66.56. Oklahoma City has the fifth-most real estate agents per capita of the 150 cities evaluated.

Source: WalletHub

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Communities with sought-after schools often command a premium for homebuyers. Realtor.com® recently uncovered 10 towns where not only public elementary schools earn high marks, but also home prices make the grade—in affordability.

1. Aurora, Ill. (60503)
SchoolsHomestead Elementary School (rating 10/10 on GreatSchools), The Wheatlands Elementary School (8/10), Wolfs Crossing Elementary School (10/10)

The 2017 median household income in Aurora is $114,118 with a 2017 median listing price of $259,900. Aurora is 45 percent more affordable compared to its surrounding metro area, and 47 percent more affordable compared to the U.S. overall.

2. Stone Mountain, Ga. (30087)
School: Wynbrooke Elementary School (9/10)

The 2017 median household income in Stone Mountain is $71,678 with a 2017 median listing price of $218,950. Stone Mountain is 38 percent more affordable compared to its surrounding metro area and compared to the U.S. overall.

3. Hampton, N.J. (08827)
SchoolUnion Township Elementary School (8/10)

The 2017 median household income in Hampton is $118,810 with a 2017 median listing price of $297,000. Hampton is 60 percent more affordable compared to its surrounding metro area, and 37 percent more affordable compared to the U.S. overall.

4. Royersford, Pa. (19468)
SchoolsBrooke Elementary School (9/10), Evans Elementary School (8/10), Limerick Elementary School (9/10), Spring-Ford Intermediate School 5th/6th (9/10), Upper Providence Elementary School (9/10)

The 2017 median household income in Royersford is $83,264 with a 2017 median listing price of $246,125. Royersford is 21 percent more affordable compared to its surrounding metro area, and 32 percent more affordable compared to the U.S. overall.

5. Kingwood, Texas (77345)
Schools: Deerwood Elementary School (9/10), Greentree Elementary School (10/10), Hidden Hollow Elementary (9/10), Shadow Forest Elementary School (10/10), Willow Creek Elementary School (10/10).

The 2017 median household income in Kingwood is $123,201 with a 2017 median listing price of $323,750. Kingwood is 46 percent more affordable compared to its surrounding metro area, and 32 percent more affordable compared to the U.S. overall.

6. Rosemount, Minn. (55068)
School: Shannon Park Elementary School (10/10)

The 2017 median household income in Rosemount is $93,743 with a 2017 median listing price of $299,900. Rosemount is 30 percent more affordable compared to its surrounding metro area, and 32 percent more affordable compared to the U.S. overall.

7. Bowie, Md. (20715)
Schools: Whitehall Elementary School (8/10), Yorktown Elementary School (8/10)

The 2017 median household income in Bowie is $107,865 with a 2017 median listing price of $345,350. Bowie is 29 percent more affordable compared to its surrounding metro area, and 27 percent more affordable compared to the U.S. overall.

8. Huntington Woods, Mich. (48070)
School: Burton Elementary School (8/10)

The 2017 median household income in Huntington Woods is $120,265 with a 2017 median listing price of $400,000. Huntington Woods is 15 percent more affordable compared to its surrounding metro area, and 27 percent more affordable compared to the U.S. overall.

9. Stow, Mass. (01775)
School: Center School (8/10)

The 2017 median household income in Stow is $139,622 with a 2017 median listing price of $504,750. Stow is 45 percent more affordable compared to its surrounding metro area, and 23 percent more affordable compared to the U.S. overall.

10. Chandler, Ariz. (85226)
Schools: Kyrene De La Mirada School (9/10), Kyrene De La Paloma School (8/10), Kyrene De Las Brisas School (9/10), Kyrene del Cielo School (10/10), Kyrene Traditional – Sureno Campus (9/10), Paragon Science Academy K-12 (9/10)

The 2017 median household income in Chandler is $80,130 with a 2017 median listing price of $324,155. Chandler is 30 percent more affordable compared to its surrounding metro area, and 20 percent more affordable compared to the U.S. overall.

“When searching for a new home, finding something affordable in a good school district with family-friendly features, such as large backyards, tops the list of homebuyer priorities,” says Javier Vivas, manager of Economic Research for realtor.com. “These markets offer strong public schools and affordable homes, making them a great fit for homebuyers with elementary school-age children.”

The ranking was determined by identifying ZIP codes within the top metropolitan areas in the U.S. that contained at least one public school ranked eight out of 10 or higher by GreatSchools, then calculating affordability by factoring in the ZIP code’s median income and median-priced home with monthly mortgage payment and other cost data.

For more information, please visit www.realtor.com.

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Borrowers on the whole were able to accommodate the interest rate hike initiated by the Federal Reserve in December, with most successfully continuing to manage their monthly payments after the rate went up, according to a recent analysis by credit reporting agency TransUnion. Of the 63 million borrowers assessed in the analysis—borrowers whose monthly payments are affected by the market rate—just one million became delinquent three months following the rise.

Researchers followed borrowers’ payment behavior through March 2017 using TransUnion’s aggregate excess payment (AEP) algorithm, which takes into account credit card and mortgage payments, among others. Roughly 10.5 million of the borrowers evaluated were determined to be at a higher risk for failing to adapt to the rate rise. Their prediction ended up bearing out only for a fraction.

“We’re pleased to see that only 10 percent of those consumers we had considered at elevated risk of payment shock from a rate increase exhibited delinquency over the study period,” says Ezra Becker, senior vice president of Research and Consulting at TransUnion. “Most consumers appeared able to reallocate their available cash, or make small changes to their spending habits, to effectively absorb the December rate increase.”

Seventy percent of the one million borrowers who became delinquent also carried higher balances in March than they did prior to the hike.

“Minimum payments are as much a function of balances as they are of rate,” Becker says. “Increased balances can lead to liquidity constraints regardless of how rates move. Consumers should always be careful to manage their credit usage within the limits of their income.”

Source: TransUnion

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Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

It’s been known that those who long for simplicity in living space look towards Japanese culture and design for inspiration, but there are also those who admire Scandinavian functionality above all. Seemingly opposite, these two trends somehow merged together and today we have a beautiful blend of over-exaggerated and strict design trends. Where functionality meets aesthetics, we welcome and embrace Japandi, a wonderful combination of strict Japanese minimalism and beautiful Scandinavian design.

Even though there are elements of Scandinavian extravagance and elegance, Japanese minimalism is predominant in Japandi style. Scandinavian trend prides itself with minimalism as well, but there are a lot more colors and details that draw attention than in traditional Japanese style. You should focus on using only the things that really matter in your home, and get rid of anything that creates unnecessary clutter. It’s about perfect balance and pastel color palettes, with statement accent walls, details and materials. You should turn to nature and find inspiration there—cotton, linen, wool, stone, wood, and plenty of greenery are the main characteristics of this style.

Japandi1

Image Credit: Grovemade via Unsplash

Beauty in Details
If you have a lot of decorative bits and pieces that create a lot of clutter in your home, you should change that. This doesn’t mean that your home should have bare walls and floors, but when you’re picking decorations, you need to do so with care. Popular, trendy patterned designs of rugs, curtains, throw pillows and tablecloths are not the right choice. If you need to add a little something to break the strict minimalism in colors, choose items with simpler, earthy tones and delicate patterns. If, however, your furniture is textured and decorated already, you should tone everything down with plain and elegant details.

Japandi2

Image Credit: kaboompics via Pixabay

Dreamy Living Room
Japandi is a great way to make your living room warm and textured, yet still quite simple. You should focus on your furniture and minimize use of any accessories. Think raw forms, bold lines and sleek, modern-style furniture—wooden sofas with cotton and linen throw pillows, bulky, heavy armchairs, and modern coffee tables. Pick which pieces you’d like to be more noticeable and unique—coffee tables, shelves or sofas, and have fun looking for them. Use natural materials for cushions, curtains and sofa covers and try to get matching ones. Bring in some plants in terracotta flower pots and there you have it—a perfect minimalist living room.

Japandi3

Image Credit: (Left) Dane Deaner via StockSnap; (Right) Sylwia Pietruszka via StockSnap

Perfect Bedroom
A wonderful way to create an oasis of peace and serenity in your bedroom is to decorate it in Japandi style, as the perfect blend of calming zen and Scandinavian cold gives the best decor. As a result, your bedroom will be cool and have a calming effect, a trait you’ll appreciate after a long and stressful day. You can keep your wooden statement bed, but tone down the other pieces in the room—wardrobe, chairs and nightstands. (On the other hand, a bulky wardrobe will look great when paired with a minimal, yet bold bed.) Cold pastels and warm wood are a great combo, and when you pair it with recessed lighting, you get the perfect bedroom.

Japandi4

Image Credit: (Left) Cheryl Winn-Boujnida via Unsplash; (Right) milivanily via Pixabay

Paradise Bathroom
The bathroom is a place where you should feel at peace, so it’s important to focus on design and decor, too. A simple and effective way to achieve harmony in your bathroom is to look to nature for inspiration once again. Wood and stone are perfect, since they look rustic and sophisticated at the same time. If getting wood is too complicated and costly, faux wood panels combined with a large statement wooden mirror work wonderfully with stone basins and bathtubs, or even simple stone or wood vinyl wallpapers. Bring a couple of pots with plants and a nice moss mat and it will look just right.

Japandi5

Image Credit: quinntheislander via Pixabay

Bring Japandi to Your Home
Embracing minimalism means that your old furniture should be replaced with something sleek, elegant and functional, and you’ll need to be clearing out all unnecessary clutter in order to get more space. If you were hoping to follow the trend but not really throw your furniture away, you can always get a storage unit and move it there until you need it again. You won’t have to spend a fortune to do so, since there are many affordable lock-up storage solutions.

For some, Japandi is a way of life. Not only is this design easy to achieve, but its subtle decor statements, raw forms and beautifully balanced mixtures of natural wood and bold colors allow you to create clutter-free spaces. Japandi is a wonderful way to turn your home into your own personal paradise.

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Many homeowners have enjoyed a return to positive equity in recent years, with home prices on a consistent upward trend in most markets. How high will values go?

Potentially not much further, according to consumers in the June 2017 Survey of Consumer Expectations by the Federal Reserve Bank of New York, who held firm on their expectation of a 3.5 percent change in prices—the same expectation given in May.

Consumers, in addition, anticipate the median inflation rate to be 2.5 percent in one year and 2.8 percent in three years. The likelihood of finding a job, based on their perceptions, grew to 59.2 percent in June, and the likelihood of losing a job shrunk to 13.5 percent. The share of consumers surveyed with improved finances over the last year soared to 34.8 percent—a record.

Source: Federal Reserve Bank of New York

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Real estate is the long-term investment of choice for Americans, who in a recent survey by Bankrate.com placed it ahead of bonds, cash, gold and stocks as the best method of building wealth over time. Real estate is now the chosen vehicle for the third consecutive time in the survey:

  • Real Estate (28 percent)
  • Cash (23 percent)
  • Stocks (17 percent)
  • Gold/Other Precious Metals (15 percent)
  • Bonds (4 percent)

Stocks have never been highly favored in the survey, despite their tendency to produce significant returns for investors who have a wide enough window to weather swings.

“We’ve begun to see rising yields on savings accounts,” says Mark Hamrick, senior economic analyst at Bankrate.com. “However, the preferences for cash and real estate indicate that too many people are leaving money on the virtual table by failing to be sufficiently exposed to the stock market, where higher long-term returns are found. This is especially the case for younger investors, who are in the best position to weather the inevitable short-term market volatility.”

Source: Bankrate.com

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