The Reality Behind the Building SolutionEVERYONE believes constructing additional homes will resolve our housing shortage. Whether this shortage involves homeless individuals without shelter, or situations where properties exist but remain financially inaccessible due to unaffordable rent or purchase prices, it appears construction won’t significantly increase. Based on information from realtor.com, which references extensive government data […]
The Deteriorating State of Construction QualityConstruction contracting has consistently presented significant challenges as an industry, yet recent reporting from the New York Times highlighted how work quality among numerous contractors has experienced substantial decline. A primary factor involves the exodus of skilled tradespeople and experienced laborers from the sector. This trend originated approximately two decades […]
Rising Labor Costs Drive Housing Prices HigherAlright, we’ve discussed extensively before about residential construction and how the housing market gets impacted by various costs. Here’s another factor where, you know, a few years back, home prices were influenced by materials cost, lumber prices. Well, now it’s being hit by wages for construction workers. Skilled Trade […]
Reducing Negative Equity Through Principal ReductionWhen dealing with a negative equity vehicle situation where you’re attempting to exit your car loan, as we’ve discussed extensively on this channel, one of the strategies to lower your negative equity or upside down or underwater amount involves reducing the loan principal balance by eliminating junk fees and removing […]
Understanding Negative Equity Solutions and Government Support ChangesWhen you find yourself with a negative equity vehicle and you’re attempting to escape from the car loan burden, as we’ve discussed extensively on this channel, one of the strategies to reduce your negative equity or upside-down or underwater situation to a more manageable figure is to decrease […]
Market Softening TrendsWHAT is currently occurring in the real estate sector? Suddenly, there appears to be market softening across numerous regions nationwide. Even in traditionally hot markets such as Idaho, Florida, and Texas, builders are now providing incentives and discounts to clear inventory. Typically during this season, demand increases significantly. People want to purchase after […]
The U.S. Housing ShortageBy some measures, the U.S. housing market is short by many millions of homes in order to fulfill the demand from new home and resale home markets. So what is the solution to this? What is the reason for it? Well, this is a really good article from Investopedia that talks about […]
Are Condos the New Timeshares?So here’s an interesting question for the real estate industry, especially in Florida: Are condos the new timeshares? Meaning that for a long time, timeshares were a desirable way of getting a property that you could use for a certain purpose, for less money than a typical single-family home or typical […]
Liens and JudgmentsSo you have some type of lien against you. Maybe it’s a lawsuit judgment, a court judgment, maybe it’s a phantom lien on your real estate, maybe it’s a prior second mortgage or home equity loan that became a zombie loan. It disappeared and went dead for a while, now it’s back to […]
