New rent control laws in New York are being blamed for eating away at landlords’ profits and putting many in a financial bind. Some real estate professionals and investors told The Wall Street Journal that the laws could cause rent-stabilized apartment buildings to drop 20% to 45% in value. That could put the building owners at risk …
N.Y. Landlords Face Fallout From New Rent Control Laws Read More »
The Greatest Heist in American History has not been from Robbing Banks by Dan Harkey The greatest heists from American taxpayers have all been perpetrated by actions taken by the government that served as a redistribution of money and capital. Let’s review 7 massive redistribution actions by our leaders that (robbed) from taxpayers and transferred …
ATTOM Data Solutions took an early look at home seller gains from April 2019 in 20 markets that are typically of most interest. When looking at home seller gains, ATTOM looks at the difference between the median sales price of homes in a given market in a given quarter and the median sales price of the …
If you want to invest — or move to — a city where you’ll get the most bang for your buck, a new study suggests you should look to Pittsburgh — or at least consider heading to the east coast. On Tuesday, SmartAsset released a study on the most undervalued cities in the U.S. this year and …
A man tried to steal Halle Berry’s Los Angeles home by creating a fake deed for the house — and even hired a locksmith to get inside, according to a report. Ronald Eugene Griffin, 59, was first spotted trespassing on Berry’s property in January but bolted when the star’s gardener approached him, TMZ reported, citing law enforcement …
Man tries to steal Halle Berry’s house with a phony deed Read More »
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At issue are two Seattle ordinances that significantly alter the way residential landlords are allowed to select their tenants. On June 11, 2019, the Washington State Supreme Court heard back-to-back arguments in a pair of cases entitled, Yim v. City of Seattle (Yim Iand Yim II). Yim I concerns the City’s “first in time” rule, …
Home purchasing activity among investors has reached the highest level in the past two decades. The increase isn’t from the big institutional buyers of recent years, but from more smaller investors entering in. Investors appear to be homing in on the starter home tier for their purchases, which is giving first-time home buyers more competition. …
Mom & Pop Investors Buying Houses At Record Rate Read More »
The Los Angeles City Council is currently considering whether to develop an “empty home” tax for unoccupied residential units. The potential move comes after it was found that there are about 100,000 housing units currently available in the city, while at the same time there are an estimated 60,000 people who are homeless. “We hope …
LA Landlords May Have To Pay Tax For NOT Renting Read More »
Ohio lawmakers recently have proposed House Bill 103, which would change land contract laws in that state. Patterned after consumer protection laws, House Bill 103 would severely limit the interest rate on land sale contracts and implement safeguards for buyers. The bill would prohibit sellers from having a mortgage on real estate subject to a land sale …
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