A new owner can slide into the North Texas home of retired baseball player Mark Teixeira when it goes to auction next month. Teixeira, who played 14 seasons of Major League Baseball for the Texas Rangers, Atlanta Braves, Los Angeles Angels and New York Yankees has put his more than 8,500-square-foot estate at 2220 King Fisher Drive in Westlake on the block, with an auction without reserve set for May 12. While Teixiera said pricing details are still being finalized, he expects the home to sell…
Reported by bizjournals 54 minutes ago.
↧
You can slide into this baseball star's luxury North Texas home as it heads to the auction block
↧
Ex-Texas sheriff’s captain admits to theft from jail fund
CAMERON, Texas (AP) — A former sheriff’s captain in Central Texas has pleaded guilty to stealing as much as $40,000 from a jail fund that inmates use to make commissary purchases. Forty-three-year-old Katrina Carie Douglas of Temple pleaded guilty to theft by a public servant during a court appearance Wednesday in Milam (MYL’-um) County. The […]
Reported by Seattle Times 5 minutes ago.
↧
↧
Infolinx to Exhibit at the 2018 ARMA Houston Spring Conference
Presenting Latest Product Release, Including New Features for Managing Digital Records and Expanded Legal Holds & Disposition Functionality at Booth #6
KENSINGTON, Md. (PRWEB) April 05, 2018
Infolinx, a leading provider of records management software, is pleased to announce that they will be exhibiting at the ARMA Houston Spring Conference at the Norris Conference Center in Houston, Texas April 24 – 25, 2018.
This year’s conference offers relevant educational sessions that focus on information governance, information management, and change management challenges. The conference brings together stakeholders from all levels of the RIM profession, representing both local and international enterprises.
As a long-time supporter of the ARMA Houston Conference, Infolinx will be showcasing its latest records management software feature set, including digital content management and expanded legal holds and disposition functionality, all available on-premises or in the cloud.
Infolinx provides a powerful, streamlined solution built for the compliance challenges of the oil & gas industry. Highlighted features include:· Advanced retention, legal holds, and disposition functionality for both physical and digital records
· Easily locate information with robust, full-text searching on any data field, regardless of file type
· Value-added integrations with leading ECM/DMS and off-site storage providers for managing records in other repositories or in multiple warehouse locations.
· Automatic approval workflows and comprehensive audit trail
Infolinx invites attendees to see live product demonstrations at booth #6 during exhibitor hours April 24th – 25th.
About Infolinx®
Infolinx is a leading provider of records management software solutions for physical records management and digital content management. Its solutions enable organizations to efficiently access and manage critical records and information from a single, browser-based application.
Available on-premises or in the cloud, Infolinx software solutions are implemented across a variety of industries, including financial services, pharmaceutical, healthcare, legal, and local, state, and federal governments. To learn more, visit http://www.infolinx.com. Reported by PRWeb 48 minutes ago.
KENSINGTON, Md. (PRWEB) April 05, 2018
Infolinx, a leading provider of records management software, is pleased to announce that they will be exhibiting at the ARMA Houston Spring Conference at the Norris Conference Center in Houston, Texas April 24 – 25, 2018.
This year’s conference offers relevant educational sessions that focus on information governance, information management, and change management challenges. The conference brings together stakeholders from all levels of the RIM profession, representing both local and international enterprises.
As a long-time supporter of the ARMA Houston Conference, Infolinx will be showcasing its latest records management software feature set, including digital content management and expanded legal holds and disposition functionality, all available on-premises or in the cloud.
Infolinx provides a powerful, streamlined solution built for the compliance challenges of the oil & gas industry. Highlighted features include:· Advanced retention, legal holds, and disposition functionality for both physical and digital records
· Easily locate information with robust, full-text searching on any data field, regardless of file type
· Value-added integrations with leading ECM/DMS and off-site storage providers for managing records in other repositories or in multiple warehouse locations.
· Automatic approval workflows and comprehensive audit trail
Infolinx invites attendees to see live product demonstrations at booth #6 during exhibitor hours April 24th – 25th.
About Infolinx®
Infolinx is a leading provider of records management software solutions for physical records management and digital content management. Its solutions enable organizations to efficiently access and manage critical records and information from a single, browser-based application.
Available on-premises or in the cloud, Infolinx software solutions are implemented across a variety of industries, including financial services, pharmaceutical, healthcare, legal, and local, state, and federal governments. To learn more, visit http://www.infolinx.com. Reported by PRWeb 48 minutes ago.
↧
Ariaa Joins Forces With T-Pain on 'Farsi' Remix: Premiere
Last year, up-and-coming Texas rapper Ariaa unleashed "Farsi," an infectious summer-ready tune featuring North Carolina rapper...
Reported by Billboard.com 19 minutes ago.
↧
Highly-skilled foreign workers are still flowing into the US — and in some cities, they make more than $100,000
· *H-1B visas are highly concentrated on the East Coast and in Texas, according to a new Pew Research Center analysis. The H-1B visa program provides visas to highly skilled foreign workers.*· *Nationwide, workers with H-1B visas earned a yearly salary of $80,600 on average from 2010 to 2016. In some cities, they made more than $100,000 a year on average.*
· *The visa program could shrink under the Trump administration. Thousands of companies are expected to submit applications this April.*
--------------------
This year, President Donald Trump says his administration will tighten rules on the H-1B program, which grants visas to highly-skilled foreign workers in the US.
The US Citizenship and Immigration Services agency issued a new policy memo in February that requires companies to submit "detailed statements of work or work orders" that a H-1B visa worker would perform. The policy change came after the Trump administration outlined its "Buy American, Hire American" policy in an executive order signed last April.
But Trump hasn't altered the program yet.
American companies in a variety of sectors — including tech, chemistry, architecture, journalism, and medicine — use the visas to hire highly-skilled foreign workers. Proponents of the H-1B program say the visa is useful in cases when there's a short supply of US talent. Critics argue that the program allows companies to pay lower salaries, adding competition for American workers.
A new report from the nonpartisan Pew Research Center analyzes where highly-skilled foreign workers concentrate, and how much they earn on average in the US.
From 2010 to 2016, 247,900 H-1B visa approvals – 29% of the national total – went to employers in the New York City metro area. The Dallas, Texas and Washington, DC metro areas (74,000 and 64,800 approvals, respectively) had the next-highest totals. Companies in College Station-Bryan, Texas were granted the most H-1Bs per 100 workers: 31.8 visas.
Nationwide, workers with H-1B visas earned a yearly salary of $80,600 on average from 2010 to 2016.
Bridgeport, Connecticut, had the highest average salary ($100,200) of any metro area, followed by Seattle, Washington ($98,100) and Phoenix, Arizona ($97,100). Employees with H-1B visas in Charlottesville, Virginia earned the lowest average salaries out of any metro area ($49,500).
Since these figures are averages, it's safe to say that a number of highly skilled foreign workers are making six-figure salaries in certain cities. At the same time, $100,000 is a low paycheck for many of the types of jobs these employees might be doing — especially those working in fields like tech and medicine. Quartz reported earlier this year that the average tech salary in the San Francisco Bay Area is $142,000, while Pew says that the average salary for Bay Area workers with H-1B visas is much less: $90,500.
As Pew researchers Neil Ruiz and Jens Manuel Krogstad note, demand for H-1B visas — part of the the largest temporary employment visa program in the US — has boomed in recent years.
This April, companies across the US will file thousands of H-1B visa applications, and many of them are expected to come from firms in the technology and finance sectors.
The visas are good for three years and then renewable for another three-year term. But the program could get smaller with the Trump administration's new requirements.
Join the conversation about this story »
NOW WATCH: Here's why I'm donating my body to science Reported by Business Insider 36 minutes ago.
↧
↧
Jared Leto screamed during ride with NASCAR driver
Leto took a 200-mph ride around Texas Motor Speedway.
Reported by USATODAY.com 30 minutes ago.
Reported by USATODAY.com 30 minutes ago.
↧
Can Texas schools block teachers from bringing up their sexual orientation in class?
Reported by DallasNews 22 minutes ago.
↧
Threatened listing for snake found only in Louisiana, Texas
NEW ORLEANS (AP) — The federal government has announced a “threatened” listing for a burrowing snake found only in Louisiana and Texas. The Louisiana pine snake is a 5-foot-long 5 (1.5-meter-long) constrictor found in a few longleaf pine forests in four Louisiana parishes and five Texas counties. It eats pocket gophers and lives in their […]
Reported by Seattle Times 19 minutes ago.
↧
Elite Pacific Properties Adds Chuck Garrett to Executive Team
Chuck Garrett leaves List Sotheby’s International Realty to become Elite’s VP of Business Development.
HONOLULU (PRWEB) April 05, 2018
Elite Pacific Properties, one of Hawaii’s leading luxury real estate firms, is pleased to announce industry veteran Chuck Garrett is joining the Elite executive team. Garrett leaves List Sotheby’s International Realty to become Elite’s VP of Business Development. A Certified Relocation Professional (CRP), Garrett has specialized in broker to broker as well as military and corporate relocations in Hawaii for the past eleven years successfully building strong relationships across the Hawaii/Asia Pacific Region.
“Chuck is one of the smartest, most experienced, and successful executives in Hawaii luxury real estate. He is well known across the US and globally for his relocation expertise, and he has demonstrated excellence in all aspects of luxury real estate operations. I’ve wanted Chuck on my team for years because we are completely aligned in business, culture, and philosophy and I’m thrilled we can finally make it happen,” said Paul Mayer, Managing Partner of Elite Pacific Properties.
Garrett has made a name for himself in the Hawaii real estate industry with over 30 years of experience in real estate in Hawaii, California, and Texas spanning residential real estate sales, property management, real estate software training and implementation, and brokerage management. In 2007 he became the Relocation Director at Honolulu luxury brokerage firm Kahala Associates. In 2011 he joined the Relocation Directors Council (RDC), of which he now serves as Director. Most recently, he served as the Senior VP of Operations and Business Development at Japan-based List Sotheby’s International Realty, who acquired Kahala Associates in 2014.
“Elite has created the company of my dreams. The leadership team, the agents, the technology, the support they provide, their high standards in all aspects of their business, and their intense focus on making their agents as successful as possible were all important in my decision to move to Elite. After 11 years in business development on Oahu, I'm also thrilled to expand that coverage to all Hawaiian Islands including Kauai, Maui and Hawaii Island. I’ve been watching Elite as a respected competitor for many years, and I am truly excited to join them,” Garrett said. Chuck Garrett can be reached at chuck.garrett(at)elitepacific(dot)com
About Elite Pacific Properties:
Locally owned and operated, Elite Pacific Properties was founded in 2005 by Stephen Cipres and Paul Mayer. The company has over 200 professional agents in nine offices on Oahu, Maui, Kauai, and the Big Island, along with a 50 person support staff. As a full-service real estate firm focused on luxury residential property sales, multi-unit projects/developer sales, vacation rentals and property management, Elite is a member of Who’s Who In Luxury Real Estate, an exclusive organization of the top luxury brokers in the world. Elite Pacific Properties closed 2017 with almost $1.2 billion in sales, solidifying its status as the No. 1 volume luxury brokerage in the Hawaiian Islands. The firm has also appeared on Inc. Magazine’s “Inc. 5000” list for the past five years, as well as Pacific Business News’ “Fastest 50” company list for the past four years. For more information, visit http://www.ElitePacific.com. Reported by PRWeb 21 minutes ago.
HONOLULU (PRWEB) April 05, 2018
Elite Pacific Properties, one of Hawaii’s leading luxury real estate firms, is pleased to announce industry veteran Chuck Garrett is joining the Elite executive team. Garrett leaves List Sotheby’s International Realty to become Elite’s VP of Business Development. A Certified Relocation Professional (CRP), Garrett has specialized in broker to broker as well as military and corporate relocations in Hawaii for the past eleven years successfully building strong relationships across the Hawaii/Asia Pacific Region.
“Chuck is one of the smartest, most experienced, and successful executives in Hawaii luxury real estate. He is well known across the US and globally for his relocation expertise, and he has demonstrated excellence in all aspects of luxury real estate operations. I’ve wanted Chuck on my team for years because we are completely aligned in business, culture, and philosophy and I’m thrilled we can finally make it happen,” said Paul Mayer, Managing Partner of Elite Pacific Properties.
Garrett has made a name for himself in the Hawaii real estate industry with over 30 years of experience in real estate in Hawaii, California, and Texas spanning residential real estate sales, property management, real estate software training and implementation, and brokerage management. In 2007 he became the Relocation Director at Honolulu luxury brokerage firm Kahala Associates. In 2011 he joined the Relocation Directors Council (RDC), of which he now serves as Director. Most recently, he served as the Senior VP of Operations and Business Development at Japan-based List Sotheby’s International Realty, who acquired Kahala Associates in 2014.
“Elite has created the company of my dreams. The leadership team, the agents, the technology, the support they provide, their high standards in all aspects of their business, and their intense focus on making their agents as successful as possible were all important in my decision to move to Elite. After 11 years in business development on Oahu, I'm also thrilled to expand that coverage to all Hawaiian Islands including Kauai, Maui and Hawaii Island. I’ve been watching Elite as a respected competitor for many years, and I am truly excited to join them,” Garrett said. Chuck Garrett can be reached at chuck.garrett(at)elitepacific(dot)com
About Elite Pacific Properties:
Locally owned and operated, Elite Pacific Properties was founded in 2005 by Stephen Cipres and Paul Mayer. The company has over 200 professional agents in nine offices on Oahu, Maui, Kauai, and the Big Island, along with a 50 person support staff. As a full-service real estate firm focused on luxury residential property sales, multi-unit projects/developer sales, vacation rentals and property management, Elite is a member of Who’s Who In Luxury Real Estate, an exclusive organization of the top luxury brokers in the world. Elite Pacific Properties closed 2017 with almost $1.2 billion in sales, solidifying its status as the No. 1 volume luxury brokerage in the Hawaiian Islands. The firm has also appeared on Inc. Magazine’s “Inc. 5000” list for the past five years, as well as Pacific Business News’ “Fastest 50” company list for the past four years. For more information, visit http://www.ElitePacific.com. Reported by PRWeb 21 minutes ago.
↧
↧
Texas oil output surge clogs pipelines, depresses prices
NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.
Reported by Reuters 14 minutes ago.
↧
Dunn’s River Brands Acquires Majority Interest in Temple Turmeric
Dunn’s River Brands, a strategic beverage platform formed in partnership with private equity firm Fireman Capital Partners has acquired a majority interest in Temple Turmeric, a manufacturer and marketer of function-forward elixirs, wellness shots, and probiotics.
FRISCO, Texas (PRWEB) April 05, 2018
Dunn’s River Brands (“DRB”), a strategic beverage platform formed in partnership with private equity firm Fireman Capital Partners (“FCP”), has acquired a majority interest in Temple Turmeric, Inc. (“Temple”). Temple is a manufacturer and marketer of function-forward elixirs, wellness shots, and probiotics, founded in 2009. Financial terms of the transaction were not disclosed.
Daniel Sullivan, Founder and Chief Innovation Officer of Temple said, “It’s a very exciting opportunity and honor to partner with Dunn’s River Brands. DRB is a world class organization of experts in all aspects of beverage brand building. We are thrilled to be working together on remarkable multifunctional innovations.”
Ian Knowles, Managing Partner of DRB said, “We are excited to welcome Temple and Daniel into the DRB family. This is a visionary brand, highly distinguished with a multi-functional product line and entrepreneurial energy. Daniel is an innovative entrepreneur and walking encyclopedia of product knowledge. With DRB’s resources, together we’ll be able to take the Temple brand to new heights.”
Chris Akelman, Principal at FCP said, “Temple Turmeric is a great addition to the DRB platform and a good representation of brands with which we are looking to partner. Daniel has garnered a loyal following due to his vision. We are excited to see what he and DRB will do to move the brand forward.”
McDermott Will & Emery LLP acted as legal advisor to Dunn’s River Brands.
Whipstitch Capital acted as an advisor to Temple Turmeric, Inc.
About Temple Turmeric
Temple Turmeric, Inc. is the purveyor of the world’s first and finest family of ethically sourced, compassionately crafted beverages utilizing the world’s highest quality, Hawaiian Oana Whole Root Turmeric and other Symphonic Adaptogens. Our original line of Elixirs offers life force energy to experience in your daily adventure. Probiotics are enlightening refreshments with only 40 calories. Temple products can be found at Whole Foods and leading grocery retailers nationwide. Visit http://www.templeturmeric.com.
About Dunn’s River Brands
Dunn’s River Brands was founded on the concept of converging strength exemplified by its namesake found in the beautiful Jamaican landscape. Dunn’s River is led by accomplished leaders from the beverage industry and seeks to partner with founders and management in emerging branded beverage companies to provide financial and strategic leadership. The DRB portfolio currently includes Sweet Leaf Tea, Tradewinds and Temple Tumeric. Visit http://www.dunnsriverbrands.com.
About Fireman Capital Partners
Fireman Capital Partners invests in consumer-focused companies through both growth equity and buyout transactions. The private equity firm focuses on dynamic consumer businesses with revenues between 30MUSD and 150MUSD, who have a unique vision, strong product and market share, and sound management. FCP leverages its capital, extensive network, and deep operating expertise to add significant value. The firm is currently invested in CANarchy, Surfside Coffee Company, and Idea Paint with realized investments in Hudson Jeans, Pilla, Evolution Fresh, Serena & Lily, Newton Running and Skip Hop. Visit http://www.firemancapital.com Reported by PRWeb 3 minutes ago.
FRISCO, Texas (PRWEB) April 05, 2018
Dunn’s River Brands (“DRB”), a strategic beverage platform formed in partnership with private equity firm Fireman Capital Partners (“FCP”), has acquired a majority interest in Temple Turmeric, Inc. (“Temple”). Temple is a manufacturer and marketer of function-forward elixirs, wellness shots, and probiotics, founded in 2009. Financial terms of the transaction were not disclosed.
Daniel Sullivan, Founder and Chief Innovation Officer of Temple said, “It’s a very exciting opportunity and honor to partner with Dunn’s River Brands. DRB is a world class organization of experts in all aspects of beverage brand building. We are thrilled to be working together on remarkable multifunctional innovations.”
Ian Knowles, Managing Partner of DRB said, “We are excited to welcome Temple and Daniel into the DRB family. This is a visionary brand, highly distinguished with a multi-functional product line and entrepreneurial energy. Daniel is an innovative entrepreneur and walking encyclopedia of product knowledge. With DRB’s resources, together we’ll be able to take the Temple brand to new heights.”
Chris Akelman, Principal at FCP said, “Temple Turmeric is a great addition to the DRB platform and a good representation of brands with which we are looking to partner. Daniel has garnered a loyal following due to his vision. We are excited to see what he and DRB will do to move the brand forward.”
McDermott Will & Emery LLP acted as legal advisor to Dunn’s River Brands.
Whipstitch Capital acted as an advisor to Temple Turmeric, Inc.
About Temple Turmeric
Temple Turmeric, Inc. is the purveyor of the world’s first and finest family of ethically sourced, compassionately crafted beverages utilizing the world’s highest quality, Hawaiian Oana Whole Root Turmeric and other Symphonic Adaptogens. Our original line of Elixirs offers life force energy to experience in your daily adventure. Probiotics are enlightening refreshments with only 40 calories. Temple products can be found at Whole Foods and leading grocery retailers nationwide. Visit http://www.templeturmeric.com.
About Dunn’s River Brands
Dunn’s River Brands was founded on the concept of converging strength exemplified by its namesake found in the beautiful Jamaican landscape. Dunn’s River is led by accomplished leaders from the beverage industry and seeks to partner with founders and management in emerging branded beverage companies to provide financial and strategic leadership. The DRB portfolio currently includes Sweet Leaf Tea, Tradewinds and Temple Tumeric. Visit http://www.dunnsriverbrands.com.
About Fireman Capital Partners
Fireman Capital Partners invests in consumer-focused companies through both growth equity and buyout transactions. The private equity firm focuses on dynamic consumer businesses with revenues between 30MUSD and 150MUSD, who have a unique vision, strong product and market share, and sound management. FCP leverages its capital, extensive network, and deep operating expertise to add significant value. The firm is currently invested in CANarchy, Surfside Coffee Company, and Idea Paint with realized investments in Hudson Jeans, Pilla, Evolution Fresh, Serena & Lily, Newton Running and Skip Hop. Visit http://www.firemancapital.com Reported by PRWeb 3 minutes ago.
↧
Texas professor found dead amid school policy controversy
AUSTIN, Texas (AP) — A University of Texas professor at the center of a scandal over the school’s failure to discipline employees for off-campus crimes has been found dead. Tenured pharmacy professor Richard Morrisett was discovered in his home Thursday night. A statement Friday by Gregory Fenves, president of the University of Texas System’s flagship […]
Reported by Seattle Times 1 hour ago.
↧
2018 O'Reilly Auto Parts 500 Vegas picks and predictions: Fade Chase Elliott, back Ryan Blaney
Micah Roberts pioneered wagering on NASCAR races and just locked in his NASCAR at Texas Motor Speedway picks
Reported by CBS Sports 2 hours ago.
↧
↧
Maverick coach: Texas-Arlington names Ogden new head coach
ARLINGTON, Texas (AP) Texas-Arlington has hired Texas Tech assistant Chris Ogden as its new basketball coach.
Reported by FOX Sports 2 hours ago.
↧
Texas A&M lineman Koda Martin suffered heat stroke at practice
Texas A&M senior offensive lineman Koda Martin suffered a heat stroke at practice Monday, but is on the road to recovery, according to his father.
Reported by Harrison Daily 21 minutes ago.
↧
Dow tumbles more than 700 points amid mounting trade war fears
**· *Stocks got smoked Friday as fears of a trade war spiked.*
· *The Dow fell more than 600 points around 2 p.m. Eastern.*
· *You can track the Dow Jones industrial average in real-time here.*
The Dow Jones industrial average fell by as many as 600 points Friday as fears of a global trade war are mounting amid retaliatory tariffs from China, escalated rhetoric from President Donald Trump, and a jobs report that failed to meet Wall Street expectations.
Trump said Thursday night that "in light of China's unfair retaliation," he had "instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products under which to impose such tariffs."
Industrial stocks like Caterpillar and Boeing were among the Dow's hardest hit, with shares of both companies declining more than 3%.
The yield for 10-year US Treasury bonds fell five basis points to 2.78%, while West Texas benchmark crude oil slid 2.4% to $62 per barrel.
This story is developing and will be updated…
Join the conversation about this story »
NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown Reported by Business Insider 53 minutes ago.
↧
Boerne-based engineering company names new principals
Matkin Hoover Engineering & Surveying, a Boerne-based civil engineering and land surveying company, have hired brothers Kristopher and Kyle Pressler as new partners and owners in the company's surveying division. With over 30 years of combined experience in surveying and management under their belts, the pair will look to strengthen and enhance productivity, client retention and quality professional surveying services within the company's operations across Texas. Kristopher, who has been with…
Reported by bizjournals 1 hour ago.
↧
↧
Houston-area residents sue for flooding brought by Harvey
RICHMOND, Texas (AP) — Hundreds of residents in Fort Bend County have sued an engineering company alleging that it was negligent in the design of a stormwater management system for a community that flooded during Hurricane Harvey. The lawsuit was filed recently against Costello Inc. for work the engineering firm did for a Levee Improvement […]
Reported by Seattle Times 51 minutes ago.
↧
World Rallycross Championship heads to US for first time
We've had the Red Bull Global Rallycross series here in the States since 2009. What we haven't had, however, is the FIA World Rallycross series. That changes in 2018, as the 10th event in the 12-event championship series lands in Texas this September. It kicks off a five-year run that sees the global series arrive in the United States. Despite its...
Reported by MotorAuthority 17 minutes ago.
↧
Teachers in San Francisco are some of the best-paid in the US, but they still don't make enough to afford 99% of the homes on the market
· *Housing is so costly in San Francisco that the average teacher can only afford 0.7% of the homes on the market, according to a Trulia study.*· *Most cities are becoming less affordable for teachers as housing prices rise faster than their salaries.*
· *Housing costs are also a problem — especially in San Francisco — for restaurant workers, programmers, and even doctors.*
--------------------
At current salary levels, teachers in many cities across the US can't afford to live near the schools where they teach.
In San Francisco, less than 1% of homes on the market are affordable to the city's schoolteachers, according to a new study from real-estate website Trulia.
Teachers in California earned $78,711, on average, for the 2016-2017 school year. While that's over $18,000 more than the national average for a teacher ($59,850), it's still not enough to buy a home in the most expensive housing market in the US.
In some states where the average teacher salary is lower —West Virginia, Oklahoma, and Kentucky — public school teachers have gone on strike to protest low pay, and to fight for more benefits and education funding.
The latest National Association of Realtors data shows you need to make at least $173,783 a year to afford the median-priced home in San Francisco. As a solution, some workers including teachers have opted for communal living with shared bathrooms and common areas to reduce their cost of living.
Trulia looked at incomes and housing prices in the 93 largest metro areas in the US and found that only eight places increased the share of houses that were affordable for teachers over the last year. Meanwhile, housing in 84 US cities became less affordable on a teacher's salary over the last year. Trulia defined affordable as a monthly payment equal to or less than 31% of a person's paycheck.
San Francisco was actually one of the few cities where housing became more accessible for teachers, but the prospect of a teacher buying a house by the Bay is still abysmally low.
The nearby city of San Jose, California, saw no change in affordability over the last year; only 2% of for-sale homes are affordable for teachers.
But teachers aren't the only workers struggling in San Francisco. Cheryl Young, senior economist at Trulia, took a look at how difficult it is for workers in several other jobs to own a home in the city where they work.
Only 0.1% of cooks, food prep workers, bartenders, and waiters are able to afford housing in San Francisco. Detroit, Michigan, is the only city where half of available homes are affordable to restaurant workers.
San Francisco's lack of affordable housing doesn't extend to just teachers and restaurant workers. Doctors can only afford 30.5% of homes in San Francisco. Despite, the region's reliance on technology workers, less than 5% of houses in the city are affordable to programmers.
Teachers are best able to afford a house in El Paso, Texas, where 83% of homes are within the price range for educators. In El Paso, the median teacher salary is $57,517, while the median list price for a home is low at $169,950.
Tacoma, Washington, had the biggest one-year drop in home affordability for teachers. Due to a 42.9% increase in list prices, teachers can now afford only 25.8% of homes in Tacoma.
San Francisco and San Jose aren't the only California cities where the gap between income and home prices squeezes teachers out of the city where they work. Oakland, Ventura County, Orange County, and San Diego also have less than 10% 0f home listings in the average teacher's affordable range.
*SEE ALSO: Why San Francisco is a nightmare, according to science*
*DON'T MISS: Millennials love this new housing community in a forgotten stretch of California thanks to its ultrafast internet and dirt-cheap home prices*
Join the conversation about this story »
NOW WATCH: Henry Blodget: Will arming teachers with guns help stop school shootings? Reported by Business Insider 12 minutes ago.
↧