Government contributed to the financial crisis more than Goldman Sachs because their subsidies and policies allowed the real estate mania to happen in the first place. For over the past decade, government pushed to increase home ownership. The Federal Reserve kept interest rates artificially low at 1% to stimulate the economy. This punishes savers because [...]

Many investors like condominiums and townhouses because some of the problems of being a landlord can be avoided. A good home owners association will take care of the outside and landscape the common area. This reduces the chance an investor will have to come out of pocket with a large amount of money for a [...]

“Don’t buy a property, cross your fingers, and hope it goes up in value.” -John T Reed

Get rich quick schemes have been chasing real estate for a long time. Why does real estate attract so many of these individuals? Because many are lured with the idea of getting something for nothing. In every one [...]

In 2006, JP Morgan discovered that people who were current on their auto loans were in default on their home loans.  Traditionally, this had been unusual.  As Roger Lowenstein put it, “People, as much as they want to drive, wanted to sleep indoors even more.”

About 25% of homes in the US are still [...]