Mexican Standoff Revisited
Thursday, June 01
Here is my blog from 7 months ago https://www.biggerpockets.com/... And here is an article with some thoughts from Barbara Corcoran, https://www.foxbusiness.com/re... Corcoran is singing my tune: "So you get a Mexican standoff going on, but things are changing," she said. "The people who are goi...
RentVestors are a New Breed
Wednesday, May 31
There is a new term in the real estate lexicon, "RentVestor" These are people who are buying rental properties instead of primary housing. We have seen this in the past, when people from CA would rent in CA and buy a house in AZ as a rental home or a vacation home. They couldn't afford their drea...
Time to start paying the student loans
Tuesday, May 30
https://www.biggerpockets.com/... You can see from my post from over a year ago, I have been advocating that students start paying their loans for a long time. Well the time appears to have come. https://www.newsbreak.com/news... https://www.newsbreak.com/news... https://www.newsbreak.com/news......
State of the WorcesterMulti market 5/30/2023
Tuesday, May 30
If you follow me you will see that I have not posted in a while. It is not because I didn't have anything to share. It is because my son was playing Lacrosse at Loyola of MD this spring and I tried to get to all the games. Now I am back. Inventory in Worcester is very low. 31 buildings for sale ...
Why is nothing selling in Worcester? Multifamily edition
Thursday, March 23
Everyone has been asking me the same question, "Why hasn't anything been selling?" There is not a simple answer but let me try to explain. First we have to analyze the motivations of the sellers then the buyers. Sellers have an asset which hopefully makes them money, and hopefully has some equity...
Will MTG rates drop when the Fed raises rates again? I think So
Monday, January 30
https://www.bankrate.com/mortg... This is a great article which addresses the spread between the 10 year bond and the 30 year MTG rate. Typically this spread is 1.5%-2%. Basically that means if the 10 year bond is at 2% then the 30 year Mtg should be 3.5% to 4% Currently the 10 year bond is abo...