The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
March 21st, 2012
Episode 460 of 920 episodes
Willow Tufano is a 14-year-old girl who recently bought a house in Florida for $12,000.Willow and her mom split the cost of the house, which they're now renting out. Willow saved up money by selling stuff from foreclosed homes on Craigslist; she plans to buy out her mom's share in the next few years.We did aradio storyabout Willow earlier this month. The story took off. Since it aired, Willow has been onEllen,CNNandABC News.On today's podcast, we hear the original radio story. And we hear more from the neighborhood where Willow lives. It's a place where people who bought at the top of the bubble — including Willow's family — live next to people who bought identical homes at a fraction of the price.And we discuss whether a 14-year-old girl buying a house is a sign that that housing market has finally bottomed.