One of the main drivers of real estate prices is the availability and structure of credit. Mortgage loans are the credit used to finance residential real estate purchases. Government policies, economic conditions, and banking regulations significantly influence the availability and cost of mortgages. While owning a home outright is appealing, most homebuyers rely on mortgages…

The “Time Value of Money” is a foundational principle in finance and economics. It states that money available today is worth more than the same amount in the future due to its potential earning capacity. But why? What does this mean? Why does money have time value? In the prior essay, “What is Money?”, I…

We all have heard “Time is Money” or the financial professional phrase “Time Value of Money.” “Time is Money” suggests that time is a valuable resource, just like money, and should be used wisely. The proverb is often attributed to Benjamin Franklin, who used it in his essay “Advice to a Young Tradesman” in 1748.…