Homes being bought by landlords and flippers now account for more than 11% of U.S. home sales, the highest on record. Meanwhile, Wall Street is now trading billions of dollars’ worth of bonds backed by rental payments. The Great Recession Revisited I recall a time when I was growing up in the Bronx, in a rent stabilized apartment, that the […]
Tag: housing market
Baby Boomers, as defined by the 75 million Americans born between 1946 and 1964, are said to be “clogging up” the housing market. How? While, generally speaking, Americans are known to follow a rite of passage in life – get married, have kids, buy a house, move to a bigger house, and retire into a smaller home – Baby Boomers […]
Without first-time home buyers, not only will the housing market recovery remain sluggish, but the entire economy will be unable to fully recover and make it to the next level.
The following article was written by Roy Oppenheim, Esq. for the South Florida Law Blog. The late comedian Henny Youngman was known for his rapid-fire, one-liners – and is probably best know for this one in particular: “Take my wife … please!” That’s also the line a lot of folks were saying at the height of the real estate crisis, except they replaced […]
The following article was written by Roy Oppenheim, Esq. | Yahoo! Contributor Network – and is being republished in the South Florida Law Blog. Surf’s up:time to ride the home-buying wave COMMENTARY | Jumping into the housing market is a lot like trying to catch the next big wave: You never know if you’re going to be able to ride […]
Like the U.S. banking industry, cyber thieves were able to get away with financial malfeasance and are finding more sophisticated ways to get away with their crimes.
Roy Oppenheim’s commentary was originally published on Yahoo! Homes and is being republished on South Florida Law Blog with their permission. They say there is no rest for the weary, and that seems especially appropriate for our nation’s elected officials. Election Day may be still be fresh in our rear-view mirror, but in case you have forgotten, the lame duck […]
With the presidential race entering its final stretch and with the employment figures remaining effectively flat, one would think that the housing crisis would have already been front and center by now. As I have said numerous times every economic recovery since the Depression has been led by the housing sector. But only now do we have a fuller picture […]