A Blackstone deal in the runup to the financial crisis, its acquisition of Equity Office Properties Trust from Sam Zell in early 2007 was recognized at the time as a sign of a market peak. Is history about to repeat itself with Blackstone’s rental securitization?
via naked capitalism.
Crowdfunding is all the rage, attracting everyone from individuals who want to get in on the next big thing to regulators who want to protect you. And one segment drawing a lot of attention of late is real estate, an investment formerly accessible mostly just to those who could afford to plunk down a large down payment on their own.
A former San Luis Obispo real estate broker pleaded guilty today to orchestrating a property “flipping” scheme in which he purchased houses in short sales at artificially low prices and immediately resold the properties at their true market values.Timothy William Barnes, 37, who now resides in San Francisco, pleaded guilty to one count of bank fraud, a federal offense that carries a statutory maximum penalty of 30 years in federal prison.
Crowdfunding is changing the way capital can be raised for ventures. With the passing of the Jumpstart our Business Startups Act (JOBS Act), the rules on investments are being streamlined. The real estate market is one area where crowdfunding efforts are taking off.
via The Real Estate Professional .
Zillow showed that landlords and renters only were able to correctly answer around half of the questions on a quiz offered through its website. On average, renters answered 47 percent of questions incorrectly, while landlords did even worse, answered 50 percent of questions incorrectly
via Bryan Ellis Investing Letter.
Traditionally, single-family rental homes have been owned by local landlords. But there’s more interest in such properties from groups or individuals far-flung from the Hoosier State who are buying in bulk.
via The Journal Gazette.
Ads depicting all whites violate the Federal Fair Housing Act, according to Attorney Margaret Brown, Executive Director of the Fair Housing Center of Metropolitan Detroit. VOD sent photos of the ads to her. Brown said the Center will open an investigation.“The depiction of any single race in an ad or a series of ads is a violation of the Fair Housing Act,” Brown, formerly Director of Equal Opportunity and Fair Housing for the Michigan State Housing Development Authority MSHDA, told VOD.
via VOICE OF DETROIT
The strength of the real estate market should not be measured by price appreciation, or the number of new and existing home sales. It should be measured by the support of underlying fundamentals and whether they can help to withstand economic cycles without policy makers having to go hog wild just to avoid a total collapse.How healthy is the real estate market today?
via Ramsey Su