Every man has an obscure respect for courage in others, especially if it is moral courage, the rarest and most difficult sort of bravery. It makes the very brute understand that this man is more than a man.
Jul 29
This is a topic I discuss regularly with would-be buyers and investors: Why would anyone buy real estate in today’s tough times and down real estate market? The answer is very simple: It’s truly one of the BEST TIMES to buy or invest in real estate? Puzzled? Read on…
Jul 29
That is 700,000,000,000 dollars folks. Into our industry. By any measure we are not any better than we were last year. Of course, it can and probably should be said without the governments intervention we could be in a much worse place.
But this is the cost of not letting the market fall to it’s natural bottom but instead of trying to manage it down.
Jul 29
Wear a flak jacket. Dealing with leases, tenants and repairs is not for wimps. Build up the muscle for hard-nosed negotiations and legal battles before you start. Brace yourself to see the worst side of human nature: raw greed, deception, blinding rage. Everything may go smoothly. Or not. Be prepared.
viaForbes.com.
Jul 29
Jul 28
The great news is that one of the most important keys to successfully greening America’s current stock of housing can be found in using the 203k loan, and along with it, the Energy Efficient Mortgage. The 203k really is the “Green Mortgage” since it offers a practical, cost-effective solution to providing funds for these improvements.
via RISMedia.
Jul 28
What did people expect after the expiration of the home buyer tax credit, with unemployment north of 20% in the real world and Freddie (FRE) and Fannie (FNM) now responsible for more than 97% of all new mortgages? This morning’s data also showed building permits issued fell 5.9% to an annual rate of 574,000. This is on top of April permits falling roughly 11%.
via Seeking Alpha.
Jul 28
In a careful opinion, U.S. District Court Judge Jane J. Boyle determined that Ordinance 2952 was preempted by federal law. The Court resoundingly rejected the City's claim that it had the authority to regulate the residence of noncitizens within its borders. Noting that the City Building Inspector would be charged with interpreting and applying immigration information to prospective tenants, the court concluded that Ordinance 2952 “is an invalid regulation of immigration” and that the “Ordinance stands as an obstacle to the uniform application of federal immigration law[.]”
via MALDEF
