All Posts Tagged With: "Rent"
Occupy Movement Eyes Foreclosures & Squat-Ins
The Oakland branch of the Occupy movement has passed a resolution favoring the seizure of foreclosed and abondoned homes. There are a lot of homes available for squatters in the state because of unpaid mortgages and loans. California has the nation’s second-highest foreclosure rate according to RealtyTrac. Nevada ranks #1. While the Occupy movement started [...]
4Nov2011 | Peter G. Miller | 2 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
Is Now The Time to Rent?
At a time when home values are soaring in most metro areas, along comes The New York Times with the thought that renting may well be a better financial choice than buying. The Times says that “after five years in which rents have barely budged while house prices in New York, Washington, Los Angeles and [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Isn’t It Time To End Rent Control?
As of September 2008 there were 43,317 tenants in New York City who pay the same rent that was paid in 1947 according to the Wall Street Journal. (See: Rent Control Is the Real New York Scandal, September 13, 2008) You might recall that such “temporary” rules have been in effect for more than 60 [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
Which Is Better: Real Estate Or Stock?
For a very long time I have made the argument that real estate is undervalued as an investment. Each time I mention this idea I get e-mail from folks on Wall Street who disagree. Now they can write to The New York Times. Imagine that a home was bought for $300,000. Add 5 percent appreciation [...]
10Sep2008 | Peter G. Miller | 0 comments | Continued
Can I Rent My House While It’s Listed For Sale?
Most real estate listing agreements prohibit sellers from leasing their property during the term of the listing agreement. There is much logic to such clauses. If a home is leased, the new owner must honor the lease. That may make the home less attractive to buy. For instance, what if the lease goes through March [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What Is A Land Lease Or Ground Lease?
With a land lease or ground lease, all improvements (a house or apartment building, for example) on the property revert back to the land owner at the end of the lease period, usually without additional compensation or payment of any type. Thus, as the end of the lease term gets nearer and nearer, there is [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Should I rent or sell my property?
A number of questions should be asked, including: ___If you rent, can you rent and have a positive cash flow? ___Are property values in your community generally rising? ___What are the tax implications of each choice? Speak with a tax professional for details. ___Does your community have rent control (about 200 areas now have rent [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
Is it ever better to rent than to own?
There are at least several cases where renting may be more attractive than ownership. ___ You will be in an area for a short period of time, say five years or less. ___ The local economy is bad and getting worse, employment levels are dropping. ___ Better returns with equal risk are available elsewhere. ___ [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
Can I rent out a room to help me qualify for a loan?
Lenders have traditionally elected not to include rent from boarders because lenders have no assurance that such income will be regular and continuing. However, in recent years some — but surely not all — loan programs have been willing to count income from boarders when qualifying mortgage applicants. For specifics, speak with several loan officers. [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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