Business Eden Blog

Balance Transfer Credit Cards – Good Or Bad?

Nowadays, interest free and balance transfer credit cards receive a lot of interest for many different reasons, and yet none of them is as big as the fact that more and more people like you and me are looking for a debt solution that is as cheap as possible. They are convinced that balance transfer credit cards are the answer to that problem. Although they may help you to make your debt statistics look better for a certain period of time, balance transfer cards are not always all they seem to be.

For instance, such cards provide a fixed time period in which no interest is added onto the balance, but terms and conditions can put this in jeopardy should you miss your payments. If you are only a day late with the monthly payment one time then interest will be applied to the balance by the provider and the deal will be altered.

Another interesting fact is that your interest free balance transfer only applies to balance transfers that are completed within the first 3 months, though this may differ depending on the provider you chose.

If you think that you are unable pay the amount you owe on the card in full before the end of the interest free period expires then you probably should look for an alternative solution, for example a loan, due to the fact that the regular interest rate is usually higher than it would be on non-balance transfer cards with offers. All in all, your financial situation is a long term issue and not a short term one so you really should look a little into the future. If you plan ahead, you stand less chance of going a little off the financial path you chose.

Are modern New Villages going to replace traditional suburbs

“New Villages,” as they were dubbed in the latest issue of The Futurist magazine by a planner Robert McIntyre, are compact, pleasantly urban settlements situated considerably away from city centers. They present some of the charms and facilities of cities, owning to their density, but have the primarily rural surroundings that were a major factor which drew people out to the suburbs, as well as the friendly atmosphere of a small town where you know all your neighbors.
The concept of New Villages presents certain similarities with the so-called “transit villages” that can already be spotted around the country. Beginning in the mid-’90s, when architects and local planners showed more and more interest in pedestrian-friendly, urban developments, transit villages began to spring up outside cities along revitalized rail lines, from Mission Valley near San Diego, to Ballston and Bethesda outside Washington, D.C.

Such villages were very appealing to young city workers and empty-nest parents. Their most important characteristics: They were eminently walkable, densely constructed without the feeling of insufficient space, and provided an offer of a real community atmosphere with plenty of common spaces.

The basic difference between transit villages and New Villages is their location: while transit villages are in most cases reinvented older suburbs that are close to cities, New Villages are promised to reinvent the sprawl further out.
The demand for such developments is real, and it’s only going to get bigger as consumer preferences suddenly shift away from the McMansions preferred by most boomers. Results of a study by the nonprofit Congress for New Urbanism show that, although less than 25 percent of middle-aged Americans are interested in living in dense areas, 53 percent of 24-34 year olds would decide to live in transit-rich, walkable neighborhoods, if they had the luxury of choice.