Personal Finance Daily: Building multigenerational neighborhoods

Personal Finance Daily MARCH 20, 2012 Tuesday's Personal Finance Stories By MarketWatch Don't miss these top stories:  Neighborhoods for multiple generations Texting and stock investing don't mix Jeremy Lin's star not fading off court  Did you break your iPad? Take it the iHospital Home builders, when developing new housing communities, have tended to build all the houses in the neighborhood for a similar demographic or age group. Now they are rediscovering the value of multigenerational communities, Amy Hoak reports. Neighborhoods with houses designed to meet the needs of Baby Boomer, Gen X and Gen Y families can be good for both developers and the owners. Watch the video. I think they used to call these "villages." And in our SportsWatch column, Andria Cheng reports that "Lin fever" is still hot off the court, as the commercial value of the Knicks player continues unabated. — Anne Stanley , Managing Editor, Personal Finance Jeremy Lin's star not fading off court For his aunt's first-ever New York Knicks game last Wednesday, Antonio Yu shelled out $560 for a pair of tickets, and, to be certain they were appropriately dressed for the occasion, he paid $250 apiece for two officially licensed Jeremy Lin jerseys. While the atmosphere of "Linsanity" surrounding the point-guard phenom may have died down somewhat on the hardwood, on the commercial side there still appears to be plenty of passion. Read more: Jeremy Lin's star not fading off court. Neighborhoods for multiple generations What are home builders thinking about? Multigenerational communities designed to meet the needs of Baby Boomers, Gen X and Gen Y families all living in close proximity. MarketWatch's Amy Hoak reports.  Watch video: Neighborhoods for multiple generations. Did you break your iPad? Take it to the iHospital. The iHospital is a chain of stores that fixes broken Apple products but takes Apple-care to new levels, Ian Sherr reports on Lunch Break.  Watch the video: Did you break your iPad? Take it to the iHospital. ECONOMY AND POLITICS New U.S. home construction falls slightly Builders start construction on new homes in February at a slightly slower pace, but an increase in building permits points to a pickup in store in the coming months, U.S. data indicate. Read more: New U.S. home construction falls slightly. Q&A with Sheila Bair on the Fed's stress tests Some of the biggest banks in the U.S. including Goldman Sachs Group Inc. and J.P. Morgan Chase passed the Federal Reserve's stress test but would be considered over-leveraged if Sheila Bair was running the examinations, she tells MarketWatch in an interview. Read more: Q&A with Sheila Bair on the Fed's stress tests. Fed earns $77 billion from balance-sheet explosion The Federal Reserve and its district banks earned the second-highest amount in its history last year as the central bank profited from increasing its balance sheet to boost the U.S. economy. Read more: Fed earns $77 billion from balance-sheet explosion. Fed nominees pledge to leave politics behind Obama's two nominees to sit on the Federal Reserve Board say they plan to leave ideology out of their policy decisions and make similar prescriptions for when to step away from the central bank's accommodative monetary policy. Read more: Fed nominees pledge to leave politics behind. Republican budget throws down election gauntlet House Republicans unveiled an election-year budget blueprint on Tuesday that dramatically overhauls the U.S. tax code and aims for deep spending cuts, seeking to draw a sharp contrast with President Barack Obama. Read more: Republican budget throws down election gauntlet. Romney record belies 'economic heavyweight' claim If Mitt Romney wants to run as an economic heavyweight, he should stand by his record, and voters should decide just how valid a claim that is. Read more: Romney record belies 'economic heavyweight claim.' Don't be fooled by the money illusion While much of the recent economic data appear upbeat, rising prices are making some statistics look better than they really are. Read more: Don't be fooled by the money illusion. INVESTING Steinway & Sons: A grand investment? Steinway & Sons has a brand name to die for. It's been more than 150 years since German immigrant Henry Steinway first began making pianos in a loft in New York. Today the company's famous name is almost synonymous around the world with the finest concert grands. Read more: Steinway & Sons: A grand investment? Texting and stock investing don't mix A text message offering a chance to sign up for real-time penny-stock alerts for free on a cell phone seemed too good to be true — and it was. Read more: Texting and stock investing don't mix. Inflation beating deflation Since the end of February, the April gold contract has dropped more than 7%, while the Dow industrials have risen more than 2% and the Nasdaq has gained nearly 4%. That's an extraordinary divergence in so short a time. Read more: Inflation beating deflation. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. 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