House Party like its 2006: Cash-out refinance volume has grown astronomically bringing back the home ATM.

So much for learning from history.  Once again Americans are tapping into their inflated home equity as if it were an ATM.  Of course we heard from housing cheerleaders that everything is different this time and that people were being very cautious with buying crap shacks.  That lasted only a few short years!  Now people […]

from RSSMix.com Mix ID 8230700 https://ift.tt/2NHPtd9
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Minnesota Seller Disclosure: “Are You in Possession of the Prior Seller’s Disclosure Statement?”

Image
Meticulous Record Keeping = Meticulous Maintenance? “Are you in possession of prior seller’s disclosure statement(s)? (If “Yes, please attach).” –Minnesota Seller Disclosure; p. 1, line 44. [ Editor’s Note :  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As a Buyer’s agent, I always like to see the previous Seller’s Disclosure — that is, the Disclosure that the current Seller received from the previous owner, when they were the Buyer (got all that??). There are two reasons that that’s helpful: One . It provides a more complete picture of the home’s condition, especially if the current owner has been in the house a relatively short time (less than 3-4 years). When that’s the case, it’s possible that the current owner has never had a problem with such Minnesota bugaboos as a wet basement or ice dams — but th...
Read more

“Meticulously Maintained,” Deciphered

Image
Not new — but “meticulously maintained.” Real Estate Synonyms — and Antonyms True or false: “Meticulously maintained” means the same thing as “updated.” Give up? The correct answer is “False.” In fact, “meticulously maintained” is almost always Realtor code for not updated. Ditto for synonyms such as “well-loved,” “quaint,” “vintage,” “long-time owner,” etc. (all very nice things, by the way — just not the same as “updated”). See also , “ Real Estate Marketing 101: When to Acknowledge a Home Needs Updating — & When Not To “; “ Real Estate Euphemisms “; and “ Real Estate Clichés and How to Avoid Them .” from RSSMix.com Mix ID 8230700 https://ift.tt/2I20bKN via IFTTT
Read more

Will Urban Refugees Turn Montana, Elsewhere Purple (or even Blue)??

Image
Other Candidates: Nevada, Wyoming, New Hampshire, Maine, Alaska, South Dakota Reader #1 : “Montana is beautiful. But it’s too red-state for me.” Reader #2 : “Travel out to Missoula and other populated parts of Montana and you’ll see they are generally educated and liberal leaning like anywhere else in the country.” Reader #3 : “Missoula is a blue dot in a red state. And, not totally blue.” Reader #2 : “Nothing is totally blue. All I’m saying is that 100,000 people, or 50,000 households of two persons each can flip the entire state blue given the low population of the state.” –“New homes on the range: Weary city dwellers escape to Montana, creating a property gold rush”; The Washington Post (10/20/2020). The surprise about the conversation above — in the “Comments” section following the Post article — is that Reader #2’s demographic insight doesn’t just apply to to sparsely-populated states like Montana. Adding 100,000 “blue” voters could easily tip a slew of U.S. state...
Read more