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+29 +1
The avocado toast index: How many breakfasts to buy a house?
If you’re under 35, you’re a millennial. Recent culinary trends suggest that, while reading this, you might have an overpriced latte in one hand, and a fancy piece of toast smothered with avocadoes in the other. And some suggest that you’d rather waste your money on an Instagrammable breakfast than make sensible investments like buying a house. Well, so says conventional grumpy wisdom, most recently articulated by Australian tycoon Tim Gurner, who made international headlines this month for blasting young home buyers for their spending habits.
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+17 +1
Florida couple stunned to learn $458,000 paid for gulf-front condo may be for nothing
On June 8, a condo overlooking the Gulf of Mexico in North Redington Beach sold at a Pinellas County foreclosure auction for $458,100. The winning bidders, an Orlando couple, thought they had gotten a good deal on the 1,500-square unit in the Ram-Sea Condominiums with heated pool and Jacuzzi. Owners can use their condos as permanent homes or lucrative vacation rentals.
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+1 +1
IMF: Canada Has The Most Overvalued Homes In The G7, Fourth Globally
Global home prices are on the rise, and Canada is leading the pack. Numbers from the International Monetary Fund (IMF), the monetary policy arm of the UN, show that Canada ranks amongst the top ten of all of their housing indicators. While that sounds like a good thing, the IMF generally warns that too much growth means overvaluation. Overvaluation requires a correction, and if it goes too high, even a crash.
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+21 +1
Firm replaces real estate agents with robots
A real estate technology company that aims to lower the cost of home-selling by using robots and “big data” instead of commission-based real estate agents has opened a Long Island office — its first outside of California. REX Real Estate Exchange, which charges a selling commission of 2 percent instead of the usual 5 percent to 6 percent, launched its Long Island operation last week, when it started operating out of a co-working space at RXR Plaza in Uniondale.
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+20 +1
The need for REAL
I became instantly attracted to the idea of investing in a fraction of Real Estate and earning the proportional income from its rentals or value appreciation, so I invested some of my money into three properties. I am now receiving some money every month from the rental income, and when the properties sell in a year or two, I will also earn the profits from the value appreciation.
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+1 +1
Commercial Real Estate Finance Trends - Bloomfield Capital
Top commercial real estate stories covering trends, financing, and national news within the office, industrial, and retail asset classes. MBA.org Ten-X IDs Top ‘Buy,’ ‘Sell’ Markets for Office Investors The report cites Oakland, Calif., Portland, Ore., Sacramento, Calif., Dallas and Atlanta as five U.S. cities showing the greatest promise as “buy” opportunities for investors of office …
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0 +1
15 Mortgage Tips for First-Time Homebuyers
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+10 +1
How every investor lost money on Trump Tower Toronto (but Donald Trump made millions anyway)
Donald Trump called himself a “genius” for investing in Toronto’s Trump Tower. Behind the scenes, he had no money on the line. The inside story of an unlikely bankruptcy, and the investors who lost everything when they bet on the Trump brand.
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+27 +1
New Zealand moves to ban foreign investors from buying homes
New Zealand's new government is moving quickly to fulfill a campaign promise by banning foreign investors from buying homes. Prime Minister Jacinda Ardern announced Tuesday that she expects to introduce new laws within weeks that would take effect early next year. She said the government is determined to make it easier for New Zealanders to buy homes and to stop foreigners from driving up prices.
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+26 +1
Raze, rebuild, repeat: why Japan knocks down its houses after 30 years
n the suburban neighbourhood of Midorigaoka, about an hour by train outside Kobe, Japan, all the houses were built by the same company in the same factory. Steel frames fitted out with panel walls and ceilings, these homes were clustered by the hundreds into what was once a brand new commuter town. But they weren’t built to last.
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+16 +1
Over 20% of new condos in Vancouver and Richmond owned by non-residents
Statistics on housing ownership captured for the first time by Statistics Canada show that when it comes to the impact of purchases by non-Canadian residents, geography and building type matter a lot. Figures published Tuesday, in a joint project with the Canada Mortgage and Housing Corporation, showed that non-residents owned 4.8 per cent in Metro Vancouver — but the number is much higher when it comes to condos, especially newer ones.
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+18 +1
Vancouver to adopt ‘locals-first’ housing strategy
Vancouver locals are about to get first crack at some new condo projects in the region, as developers are either being forced to comply with new regulations or they are voluntarily changing tactics as they face an increasingly irate public. As the city's real estate market continues to move out of reach for many local residents, reports of condo units being presold to foreign buyers have generated anger and concern. So now at least three projects in Vancouver are moving to a locals-first strategy when preselling and more are to come, say marketers and city officials.
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+18 +1
Rent Control Needs Retirement, Not a Comeback
According to the Wall Street Journal, rent control seems to be making a retro comeback. Most forms of intelligent life could be forgiven for asking why. Serial experimentation with this policy has repeatedly shown the same result. Initially, tenants rejoice, and rent control looks like a victory for the poor over the landlord class. But the stifling of price signals leads to problems. Rent control starts by producing some sort of redistribution, because the people with low rents at the time that controls are imposed tend to be relatively low-income.
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+19 +1
Vancouver declares 5% of homes empty and liable for new tax
After introducing a 20% tax on foreign buyers, the city in western Canada is continuing to tackle housing affordability
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+2 +1
Trump Organization real estate partner in India accused of 'large-scale fraud'
The Trump Organization's real estate partner in India is being accused of at least $147 million in fraud. Two global investment companies last month filed a criminal complaint with New Delhi police against IREO, accusing the company of engaging in "large-scale fraud," The Washington Post reported. The complaint said the company was "illegally siphoning off" at least $147 million of investor money and allege the number could actually approach $200 million.
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0 +1
2018 Tax Changes Impact Home Equity Products
View our blog to find helpful personal financial tips on saving and budgeting, opening new accounts and learning about online and mobile banking and more!
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+3 +1
15 Tricks To Sell Your Home Quickly
Selling a house is a nerve-racking experience. Nobody wants to make a mistake when it comes to huge investments like selling your home. Here are some tips to keep you ahead of the curve.
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+3 +1
Credit unions are turning the Motor City into Mortgage City
Motor City, meet Mortgage City. After decades of epic decline and decay, Detroit is undergoing a dramatic, if uneven, resurgence, led by Quicken Loans, which overtook Wells Fargo this year as the largest mortgage lender in America and now has 17,000 people working in the city. Dan Gilbert and his Quicken Loan group of companies are hardly …
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0 +1
Apartment in Tenerife: 1 Bedroom - Playa de las Americas (long)
Nice ideas to make a small space look larger.
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+3 +1
So you bought a ghost town
Who is paying $12 million for an abandoned town? We found out. By Michael Waters.
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