Apr 30

“Based on data from the Census Bureau, we estimate that about 3.5 million housing units currently sit vacant, above and beyond normal seasonal and frictional vacancies.” They calculated a range of 2.5 to 4.5 million units based on different assumptions.

via Calculated Risk

Apr 30

The whole conviction of my life now rests upon the belief that loneliness, far from being a rare and curious phenomenon, is the central and inevitable fact of human existence. - Thomas Wolfe, Gods Lonely Men

Apr 29

Given the renewed housing bust what might one expect going forward?

A senior economist for Wells Fargo believes it is unreasonable to expect more than 3% growth going forward as long as housing remains deeply underwater.

via Mish’s Global Economic Trend Analysis

Apr 29

New York City may have an epidemic of bedbugs but that doesn’t mean a Fox News employee can sue her employer’s landlord over bedbug bites she suffered at work, a judge has ruled in a case of first impressio

via Courthouse News Service.

Apr 29

New York City may have an epidemic of bedbugs but that doesn’t mean a Fox News employee can sue her employer’s landlord over bedbug bites she suffered at work, a judge has ruled in a case of first impressio

via Courthouse News Service.

Apr 29

What is youth except a man or a woman before it is ready or fit to be seen?–Evelyn Waugh (1903 – 1966)

Apr 28

If you have ever owned a rental property, chances are you have had to deal with late rent payments. Unfortunately, as a landlord, this simply goes with the territory. As common as this is however, I often see investors caught off guard when they first encounter a tenant who is late with the rent.

via biggerpockets

Apr 28

• The percent of residents moving out to purchase a home was at 12%; an all time record low we are starting to feel the “hate” for owning.

via Calculated Risk

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