Is It Worth Buying a Unique House with ‘Grandfathered in’ Architectural Features? It’s a Risk the Rich Are Willing to Take

Posted on April 10, 2015March 31, 2021Categories Business, Economy, Investing   Leave a comment on Is It Worth Buying a Unique House with ‘Grandfathered in’ Architectural Features? It’s a Risk the Rich Are Willing to Take

Home buyers looking for a unique resale may be paying a premium, but they also might be getting a house that wouldn’t be built today, according to zoning laws. Extra-large mansions in some areas, especially, often don’t meet current building codes, according to the Wall Street Journal. Because many cities have stricter building codes today, home builders truly don’t make them how they used to. One such home belongs to Christian de Berdouare, from Miami Beach, FL. He obtained the … Continue reading “Is It Worth Buying a Unique House with ‘Grandfathered in’ Architectural Features? It’s a Risk the Rich Are Willing to Take”

To File or Not to File Bankruptcy…That is the Question

Posted on January 21, 2015February 5, 2015Categories Business, Investing   Leave a comment on To File or Not to File Bankruptcy…That is the Question

If you are grappling with so much debt that you have little to no hope of ever being able to pay it all back, bankruptcy is an option that is definitely worth consideration. According to the Bankruptcy Institute, in July of 2013 there were 87,684 bankruptcy filings in the United States. Even though thousands of people — including celebrities — file for bankruptcy each year, the mere mention of the word itself can make people uncomfortable. This is often based … Continue reading “To File or Not to File Bankruptcy…That is the Question”

Real Estate Market Recovery Rate Becomes Wobbly as Housing Rates Fall

Posted on December 18, 2014November 25, 2020Categories Economy, Investing   Leave a comment on Real Estate Market Recovery Rate Becomes Wobbly as Housing Rates Fall

The residential real estate market made a strong post-recession comeback, even thriving in certain areas of the U.S., especially the heartland. However, the market is experiencing a setback for the first time in three months following a startling November report. According to figures from the Commerce Department in Washington, in the first drop since August housing rates fell 1.6% to a 1.03 million annualized rate, a decrease from October’s 1.05 million pace which was stronger than anticipated. The culprit behind … Continue reading “Real Estate Market Recovery Rate Becomes Wobbly as Housing Rates Fall”

Chinese Investors Taking an Interest in Detroit

Posted on November 26, 2014February 5, 2015Categories Business, Investing   Leave a comment on Chinese Investors Taking an Interest in Detroit

At its height, the city of Detroit was a manufacturing giant known mostly for automobile production. However, most Americans today will likely associate the metropolis with its abandoned buildings and financial woes, especially after a bankruptcy court approved a restructuring of the city’s $18 billion in accumulated debt in November. But despite these negative connotations, Chinese investors are reportedly taking advantage of low property prices and planning to give the Motor City the revival it desperately needs. With home properties … Continue reading “Chinese Investors Taking an Interest in Detroit”

Chinese Consumers Are Turning To Online Lenders for Help As Home Prices Skyrocket

Posted on November 7, 2014February 5, 2015Categories Business, Financing, Investing   Leave a comment on Chinese Consumers Are Turning To Online Lenders for Help As Home Prices Skyrocket

The Chinese real estate industry is in a confusing place right now, with home prices at an all-time high, but dropping so quickly that industry experts can’t predict how stable the industry will be in the months to come — much less how the entire situation will affect China’s economy as a whole. But the real problem is that the real estate industry can’t be analyzed just by looking at the big picture; as more statistics roll in, describing the … Continue reading “Chinese Consumers Are Turning To Online Lenders for Help As Home Prices Skyrocket”