If you were going to design a bad investment, a mortgage on an owner-occupied home is very much what it would look like. There’s a high barrier to entry in…
Tag:
housing
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If making money was easy, everyone would be rich. The fact that the majority of people in the United States are poor tells you something about investing. It also tells…
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The view of housing most people carry around with them has its roots in the 1950s. In those days housing was frequently collocated with jobs and factories that no longer…
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Owning a home is the American dream and, no matter how bad of a deal it becomes, people are still fixated on it. People who are wise with money every…
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For many 2014 went into the books as the year of the rent increase. That wouldn’t happen again they said; rents couldn’t keep going up that fast they said. They…
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The growth in America has been located primarily in the cities. With more millennials choosing not to drive cars, that has pushed rents and housing prices in America’s most popular…
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The commodity in shortest supply in the world today is time. People are spending more time at work and more time sitting in traffic trying to get there and back.…
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When people get nostalgic for the good old days, it’s always tempting to wonder if there’s a bit of historical cherry picking going on. Everyone picks the good things and…
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Nothing points out the dysfunctional nature of our housing market quite like Tornado Alley. How many times have we seen entire communities of 3 bedroom, 2 bath homes made out…
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Being in the real estate industry in 2005 made it easy to see the housing crash coming. What drove it home for me was how many times respectable agents would…