Habitat to open second ReStore in Ooltewah in April
Thirteen years after opening its first ReStore to resell used building items and household supplies, Habitat for Humanity will add its second such facility in Ooltewah next month.
The local Habitat office is converting a former Winn Dixie grocery store at 9408 Apison Pike in Apison Crossing into the retail store, which is scheduled to open April 21. The 21,000-square-foot ReStore will accept donations of new and gently used household furniture, hardware and building items from individuals and businesses in the community.
Habitat sorts and displays the building items at the ReStore and typically sells such goods to the public at 50 to 70 percent of the original price. Proceeds help Habitat build more homes for low- and moderate-income families.
“We are extremely excited about being a part of the Ooltewah/Apison/ Collegedale community,” said David Butler, executive director of Habitat for Humanity of Greater Chattanooga Area. “All proceeds from the ReStore sales go directly into funding our mission of building homes for deserving families in Hamilton County.”
Habitat homes are only sold to individuals and families who are in
Stock Market Index fund, the largest mutual fund by assets, is now worth nearly $42,000.
GOLD
Gold has been on a wild ride up, and then mostly down, in the past eight years. In the summer of 2011, gold was looking much more enticing to a lot of investors versus stocks. Its price surged to a record high on worries about the U.S. credit rating, Europe’s debt crisis and the possibility of higher inflation. But each of those concerns has dissipated, and $10,000 invested in the largest gold ETF on March 9, 2009, is now worth about $12,650.
WINNING STOCKS
The biggest winners in the S&P 500 index during the bull market include drug companies that succeeded in bringing experimental drugs to market, Netflix, which grew into a giant streaming video service, and travel companies including airlines and booking websites.
Incyte, a drugmaker, went from just over $2 a share to $136, Alaska Air jumped from about $3 to $95 and Netflix jumped from about $5 a share to $140.
LOSING STOCKS
Traditional retailers have plunged over the past eight years as online competition grew, and natural gas companies have struggled as the price of that fuel fell by more than half thanks to the rapid growth of fracking.
Chesapeake Energy went from about $13 to just under $5 a share, Staples went from over $14 to just under $9, and Frontier Communications slid from a bit over $5 to about $2.50.
HEALTH INSURANCE PREMIUMS
Health insurance premiums have spiked well over 40 percent since 2008, reaching $18,142 per family in 2016, according to The Kaiser Family Foundation and Health Research and Educational Trust. If costs had remained static for employer-sponsored family health coverage in the U.S., rather than paying off your insurer, you could buy four plane tickets from New York to Tahiti, a semester at a public university, or a one-carat pave diamond engagement ring from Tiffany & Co. with a white gold band. Every year.
Soaring drug and technology costs and the lack of a true market in which patients can hunt for the best deal all combine to push health care costs higher than inflation annually.
BIGGEST COMPANY, THEN AND NOW
In 2009, Exxon Mobil was by far the biggest publicly traded company, with a valuation of $345 billion, more than twice as big as its closest rival at the time, Procter & Gamble, according to S&P Dow Jones Indices. At that time it had been just two years since Apple had released its first iPhone, and, well, you know the rest. Apple is now by far the biggest publicly traded company with a value of $775 billion, more than twice Exxon’s current value.
HOME PRICES
The U.S. housing market was still reeling eight years ago from the collapse of the housing boom and the financial crisis. Home prices tumbled as foreclosures piled up. By March 2009, the U.S. median home price stood at $169,900, according to the National Association of Realtors. The downturn continued until about 2012, when the market started to slowly come back. By now, most homeowners who weathered the slump and subsequent rebound have seen their home equity recover, and then some. The median home price in January was $228,900, an increase of 34.7 percent, according to the NAR.
DISNEY WORLD
It’s not just stocks, home prices, and health care … prices for fun things have gone up in the past eight years, too. A one-day ticket for Disney’s Magic Kingdom theme park in Florida would set you back $75 in 2009, not adjusted for inflation, according to AllEars. Net. This year, a regular, one-day adult ticket costs $115.