Why is nothing selling in Worcester? Multifamily edition
Thursday, March 23
Everyone has been asking me the same question, "Why hasn't anything been selling?" There is not a simple answer but let me try to explain. First we have to analyze the motivations of the sellers then the buyers. Sellers have an asset which hopefully makes them money, and hopefully has some equity...
Will MTG rates drop when the Fed raises rates again? I think So
Monday, January 30
https://www.bankrate.com/mortg... This is a great article which addresses the spread between the 10 year bond and the 30 year MTG rate. Typically this spread is 1.5%-2%. Basically that means if the 10 year bond is at 2% then the 30 year Mtg should be 3.5% to 4% Currently the 10 year bond is abo...
78% of Homeowners Regret Buying a House in 2022- none of my buyers do!
Monday, January 30
https://www.newsbreak.com/news... There are a lot of reasons to regret buying a house and you can see those in the article. However, if you have good guidance and work though all the various scenarios you should be happy with your decision, good or bad. Owning a house/investment property is actua...
Where do Rich young Americans invest other than stocks?
Monday, January 30
https://moneywise.com/investin... This article talks about Rich Millennials Americans and how they now invest in: Fine Art-- Through MasterworksReal Estate- Many are using REITSPrivate Equity-- if they can hit that threshold Most NORMAL MILLENNIALS don't have access to this, but they can buy a $6...
Property Taxes are driving folks out of where they have lived forever
Monday, January 30
I know that forever is a long time, however property taxes are really a burden on many. Everyone is excited when the value of their home goes up!!!!! This means they made a good investment decision and they are wealthier than they were before. They have an appreciating asset which in most cases ...
Would you sell a stake in the future of your home for the Downpayment?
Wednesday, December 14
https://www.newsbreak.com/news... Read this one! How about this concept? eg. You don't have a big downpayment available, now a Hedge Fund will "give it to you in exchange for Equity" This has worked in Business for years but now they are looking to do it with residential housing. These companies ...