CategoryReal Estate news

Posted January 16, 2024 Finance

There’s Never a Good Time To Time the Market

Rates are up, inventory is low, and sales volume is flat. If you’re looking to buy a new home, what are you supposed to do? A lot of people will tell you to wait. After all, rates are dropping soon! Why not just be patient until you can lock into lower monthly mortgage payments?

What these people don’t realize is that waiting can be a dangerous game. I’ve been in real estate for more than 3 decades, and while things change all the time, one thing has remained consistently true: it’s never a good idea to time the market.

Posted November 29, 2023 Finance

The Case For Short Term Rentals

A couple weeks ago, the federal government announced they’re cracking down on short term rentals. Property owners will no longer be able to claim their rental expenses against the income they make, thereby making it far less lucrative to rent out properties on sites like Airbnb or VRBO.

I think this is a huge mistake. People argue that short term rentals limit the availability of inventory for long term renters, but I believe this view misses the big picture for a few reasons.

Posted November 20, 2023 Mortgage Tips

There’s An Investment Opportunity Hiding In Plain Sight

There’s a lot of uncertainty surrounding the housing market right now, and with uncertainty comes negativity. Clickbait headlines. Grim forecasts. Pessimistic chatter. It all gets in the way of seeing the opportunities that can arise during challenging times like the one we’re in.

But if you’re someone who sees the big picture, you might want to keep reading. There might just be a unique investment opportunity right under your nose.

Posted August 10, 20231 Comment Real Estate news

What Happened to Pride in Home Ownership?

I’ve always believed that owning a home is something to be proud of. Something to strive for. Most people used to agree with me – but more and more I hear home ownership getting a ton of hate. What happened?

Purchasing a home was always an ideal in this country that motivated people towards financial prosperity. Renting was always a short term solution until you could buy a home. Now it seems that many people actually prefer to rent and take pride in it. How did we get here?

Posted May 16, 2023 Money saving tips

Multigenerational Housing: What We Can Learn From the Old Country

Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.

It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.