Wealth Difference Between Owners and Renters
The age-old debate between renting and owning a home has everyone weighing their options. There are pros and cons to each, but the numbers point to a clear winner.
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The Interest Rate-Condo Price Connection
Low interest rates, while often seen as a driver of real estate transactions, can also discourage homeowners from selling their properties. Many owners secured their homes during a period of historically low mortgage rates. These favorable rates made owning a home more affordable by reducing monthly mortgage payments. If they were to sell, they would likely face much higher interest rates when purchasing a new home, leading to significantly higher monthly payments. This “rate lock-in” effect causes homeowners to think twice about selling,
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Amazon Abandons NY HQ2
Amazon’s controversial plan to build a second headquarters in the New York City neighborhood of Long Island City has been derailed, wiping out at least 25,000 high-paying jobs slated for the city, the company confirmed.
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What is a ‘kick out’ clause ?
What is a ‘kick out’ clause? A question I get frequently is ‘What is a kick out clause’ in regards to a real estate contract. You may have noticed listings…
