Rent control does not work. That’s one of the most settled issues in economics, one widely accepted across the ideological spectrum. Yet politicians continue to peddle rent control with a seemingly willful ignorance. Oregon is the most recent state to embrace the rent control orthodoxy. The day after rent control prevailed in Oregon, marchers took to the streets …
Law firms, mortgage lenders and servicers were just awarded more protection in serving non-judicial foreclosures, according to a recent Supreme Court ruling. The ruling is a victory for the mortgage industry in its fight to retrieve property from delinquent homeowners. One attorney claims the ruling may eliminate thousands of similar homeowner lawsuits. In the case …
Supreme Court makes it harder for borrowers to fight foreclosures in non-judicial states Read More »
Barbers are earning as much as $180,000 a year in West Texas, one of the hottest job markets in the country, The Wall Street Journal reports. An oil boom that has taken hold over the Permian Basin is leading to so much economic activity and expansion, the area can barely keep pace. Barbers in Pecos are charging …
Texas Town’s Oil Boom Has Barbers Earning $180,000 Read More »
(Contributed by DeWitt Ingram, who comments, “This can easily be spun into private note lending through your church, neighborhood association, alumni organizations, etc. – even if the new borrowers are not your kids!”) Parents are increasingly helping their adult children buy their first home. In fact, a new study suggests that if families were considered …
‘Bank of Mom and Dad’ could rank as mortgage lender Read More »
The New York Federal Reserve Consumer Credit Panel reports that debt among 19- to 29-year-old Americans topped $1 trillion at the end of 2018, the highest debt exposure for young adults since late 2007. Student loans make up the majority of the debt, followed by mortgage debt. Spending among those under age 35, however, has …
19- to 29-year-olds are facing $1 trillion in debt Read More »
by Think Realty Radio In real estate, notes are used in lieu of using a bank. You buy a piece of property using owner-financing, making the seller play the role a bank normally would. When done correctly, cutting out the middleman and purchasing real estate with notes can increase efficiency and facilitate money-saving win-win situations …
Rich people in blue states have been claiming residency in low tax states for years. Some actually moved, while some just pretended to—and that’s where state tax auditors come in. Officials in places such as California and New York don’t make it easy for the rich to say goodbye, with investigators who dig deep, forcing …
High-Tax States Make It Hard for the Rich to Leave Read More »
Here’s a new proposition from a company that markets single-family rental homes to mom-and-pop investors: Want to buy a tenth of a house? Roofstock is pitching a chance for those interested in the asset class to start small. The company will buy a home and put it in a trust, then sell stakes for as little …
The following are the top 20 counties with the most foreclosure starts, as of January 2019: Cook, Illinois Harris, Texas Maricopa, Ariz. Los Angeles, Calif. Suffolk, N.Y. Broward, Fla. Miami-Dade, Fla. Baltimore City, Md. Prince George’s County, Md. Philadelphia, Pa. Riverside, Calif. Clark, Nev. Cuyahoga, Ohio San Bernardino, Calif. Palm Beach, Fla. Duval, Fla. San …
by Dan Harkey There are different methods of establishing real estate opinion of value: a real estate sales agent may assist the seller to establish a listing price based on a comparative market analysis (CMA) and should be established from objective data, which may include closed sales, pending sales and available listings. The Realtor must …
Should a Lender Rely on an Appraisal Ordered by a Borrower? Read More »
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