Some old adages for investing go that ‘nothing goes up in a straight-line’, that ‘you don’t want to be the last one standing when the music stops’ and that ‘bulls and bears make money but pigs get slaughtered’! Investors in real estate and mortgages learned this lesson the hard way heading into, and then following, the […]
With the US housing market having recouped most of its pre-financial crisis price levels (exceeded in some markets) in conjunction with the Federal Reserve having engaged in ZIRP (zero interest rate policy) for an extended period of time, is the market once again facing a moral hazard? First, how would one define moral hazard vis a vis the real […]
Summary: Did you know about… The state of the housing market post-financial crisis, subprime lending making a comeback, the Top 10 luxury hotel suites from around the world or why the opinions of real estate appraisers seem so often to vary widely from the opinion of value that’s in the mind of the property owner. This […]
Summary: In the game of musical chairs no one wants to be the last one standing when the music stops! That said, at what point of the song is this real estate cycle at? Billy Joel: ‘Cause the good ole days weren’t always good and tomorrow ain’t as bad as it seems!’ In the early […]
Summary: Note to government: Eventually you runout of other peoples money to spend and when the piper needs to be paid the pockets will be empty! And the burden on business and investors of all types to make-up the deficit can quickly become unsustainable! ‘Long Island’s Town Of Oyster Bay An Example Of What Happens When […]
Summary: At the racetrack the ‘smart money’ will typically show itself just before post-time which allows the astute punter an opportunity to get onboard with the bet. Even then there are of course no guarantees. In real estate, very often the average investor won’t know what the smart money is doing until after-the-fact when it is already too […]
Summary: Has the bubble in New York City real estate been fully reflated and is about to burst? The highest rental apartment vacancy rate in 9-years coupled with a construction boom and concessions being offered to attract tenants suggests that the answer may be yes! ‘Manhattan Rental Apartment Vacancies Hit A 9-Year High! (Video)’ This sparks the question […]
In other words in which cities around the U.S. is the cost to rent so high that having at least one roommate is not really an option, but is a necessity? Having a twenty-something child who recently moved into New York City, I know this problem first-hand! Of course the numbers concerning apartment sharing are […]
Anyone looking to buy a home in New York City’s tonier neighborhoods knows that sticker shock is a definite possibility! Asking prices in Manhattan have been known to top the $100MM mark, driven in no small part by foreign buyers looking for a currency storehouse. But these apartments, if strictly for investment, can be left empty with little impact on […]
California real estate developer Nile Niami is spec building a home with a $500 million price tag that, when finished, will allow the lucky buyer to actually claim the title of ‘Prince of Bel Air’! Spec building, for those who may be unfamiliar with the term, entails building a home with no buyer in mind hoping […]
