Silver as an investment

Category Archives: Real property law

Rental Insecurity: Survey Finds 1 In 5 American Renters Missed A Payment In Past 3 Months

A new survey conducted by ApartmentList.com recently found that Americans, despite historically low unemployment levels and surging stock indices which would both seem to suggest that ‘everything is awesome’, are having a very difficult time making ends meet.  Per the survey, some 20% of renters admit they were unable to make their monthly payments on […]

Houston Resorts To Selling Off City Streets To Try And Close $100 Million Budget Shortfall

With the US shale industry producing at near-record levels as oil prices languish around $50 a barrel, cities in oil-dependent states like Texas are resorting to increasingly creative means to compensate for the shortfall left by falling energy revenues, including selling off public assets, like Houston just did. The city held what the Houston Chronicle […]

Here Are The States With The Highest Property Taxes

ATTOM Data Solutions has scoured county-level property tax records from across the country to figure out exactly who is getting punished the most on their real estate taxes.  To our complete ‘shock’, the resulting map looks eerily similar to the 2016 presidential electoral college map with the liberal bastions of the Northeast and Midwest suffering […]

The American Dream, Twice Removed

I can’t avoid linking that to earlier periods of American poverty (see the photos below), says The Automatic Earth's Raul Ilargi Meijer, times in which ‘leaders’ thought it appropriate to let large swaths of the population live in misery, so everyone else would think twice about raising their voices. A tried and true strategy. But […]

Condo Flippers In Miami-Dade Left Twisting In The Wind

By Wolf Richter of Wolf Street Ballooning Condo Glut ensnares preconstruction speculators. Miami-Dade’s spectacular condo flipping mania is in turmoil, with sales plunging, inventory-for-sale soaring, and new supply flooding the market. It’s not like Miami hasn’t been through this before. In February, existing home sales of all types fell 10% year-over-year, to 1,835 homes. These […]

Existing Home Sales Hit Decade High As Prices Jump More Than 7%

So much for concerns that rising rates would slam the US real estate market. According to the NAR, in January, Existing home sales jumped by 3.3%, well above the 1.1% consensus estimate, and more than reversing last month’s revised -1.6% drop. The annuallized pace of sales rose to 5.69 million, above the 5.54 million estimate, […]

NYC Rents No Longer ‘Too Damn High’ As Landlord Concessions Soar

After years of gouging the precious, Ivy League snowflakes that flood Manhattan every summer with nothing but their $10 million inheritance checks, a dream and the Faconnable shirts on their back, New York City landlords, courtesy of the flood of new apartment supply coming online, are being forced to offer record-high rent concessions to attract […]

China’s tighter overseas currency use impacts Canadian real estate landscape

The heavy exodus of the Chinese renminbi from mainland China put pressure on the country’s economy. In an effort to stymie the outflow, the Peoples Bank of China (PBOC) enacted new rules that are meant to help it exert more control over its currency…and that could spell trouble for the Canadian real estate market! A […]

More Troubling Signs For NYC Real Estate As Rent Concessions Soar

The October 2016 Douglas Elliman Real Estate Guide for Manhattan reveals some fairly startling hints about the “health” of NYC real estate.  For months we’ve been writing about the soaring capacity of luxury apartment buildings in New York City and it looks as though that capacity influx is starting to take a toll as the […]