Archive for the ‘Real Estate’ Category

$150k plus $700/month for 175 square feet

Wednesday, December 16th, 2009

Makes me wonder:  If I were to ask a New Yorker about the real estate collapse, they might tell me, "Real estate what?" Tough Money Love commented on Zaarath and Christopher Prokop's postage-stamp real estate purchase: a 175-square-foot "microstudio" apartment, secured for the cool price of $150,000 plus a $700+/month maintenance ...

Here’s a great comeback when negotiating to buy a property

Saturday, November 14th, 2009

It's no secret that there are federal tax credits available for many people who are looking to buy a home.  Both first-time and non-first-time homebuyers now can play the game. The people who are among most aware of the credits, of course, are people wanting to sell a home.  It's not ...

Private mortgage insurance companies to the rescue

Saturday, June 27th, 2009

The real estate mess is hurting not only homeowners, but businesses as well.  Bad things happen at both ends when the mortgage payments stop coming in.  The homeowner of course loses his house and his good credit rating, but the businesses that were involved in lending the money lose out ...

Whaddaya mean no rentals allowed?

Friday, March 13th, 2009

Say you live in a subdivision.  You bought your brand-spanking-new house only a couple of years ago.  Today, you cannot afford to carry the house for whatever reason (job loss, move, can't refinance, etc.) "No problem," you think to yourself.  "I'll just find a renter for it until the market turns ...