We have the ability to buy back the benefits.Our property consists of two homes and one condo with no mortgage (about $650,000), and another condo valued at $165,000 with a $100,000 mortgage. I am in excellent health, and we own a small business that returns 35 percent gross on ...
Other industries aren’t so lucky. They’ve gotten hit hard. For example, the mortgage lenders are now getting slammed by higher mortgage rates. Mortgage refinancing, which was a big and profitable part of the business of mortgage lenders, well, that collapsed when mortgage rates sp...
Back in 2003 I was very close to buying a VW Eurovan/Microbus (older version) instead of acondo in San Francisco. After four years of work post college, I was already itching to become a nomadic vagabond instead. I dreamt of visiting all the national parks and camping in my Eurovan wi...
While perhaps less obvious at first than financial or physical breakdowns, a breakdown in interpersonal cohesiveness, often characterized by conflict between individuals or groups within the community, can be just as detrimental to the health of a co-op or condo. The inability for a board to make...
To extend my luck, I sold VCSY and parlayed thefunny money into a real asset, a 2/2 condo in San Francisco that I still own today. The condo is paid off and every electronic rent deposit is reminder about getting lucky as a young lad, and not take the good fortune for granted. ...
The methodology does not limit itself to geographic cuts. It could be applied to any consistent set of homes, such as those in a securitized mortgage pool, a residential REIT portfolio or a school district’s property tax base. Because the ZHVI attempts to capture appreciation of a market as...
While perhaps less obvious at first than financial or physical breakdowns, a breakdown in interpersonal cohesiveness, often characterized by conflict between individuals or groups within the community, can be just as detrimental to the health of a co-op or condo. The inability for a board to make...
There’s love and marriage and then there’s love and a mortgage. Millennial couples are more likely to buy a house together before they take their wedding vows than their parents and grandparents were, according to a new Coldwell Banker Real Estate survey. ...
So welcome! I’m glad you’re here, and let’s get started. For the long-time readers – let’s keep going! An MMM-Recommended Bonus as of May 2021: If you have a mortgage or student loans, the recentlarge drops in US interest ratescould provide you with a pretty big head start....