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Real Estate and Home

Higher Home Ownership Linked to Higher Unemployment

by Luke Landes

American culture has long promoted the idea that home ownership is key to the fulfilling middle-class lifestyle. You can be sure the National Association of Realtors will continue to do its darnedest to keep this interpretation of the American Dream alive; whether you’re buying or selling, it’s always a good time for Realtors to earn […]

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Better Bargains With Foreclosures and Pre-Foreclosures

by Luke Landes
Zillow Pre-Foreclosure

I’ve taken a cursory look at the possibility of investing in real estate near where I live, with the intent of buying a property for rental. The numbers don’t work well in my favor. I’ve confirmed this with friends experienced with renting their properties in the area; most would not do it again if given […]

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Mortgage Fraud: U.S. Government Suing Bank of America for $1 Billion

by Luke Landes
Bank of America

I never liked the term “hustle” when used to discuss making money on the side. The word has the slight connotation of fraud or taking advantage of someone, and moving quickly to do so. Now, the word “hustle” is going to be linked to something more specific and decidedly negative. This was the name of […]

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Ignore Your Mail and Lose Thousands of Dollars

by Luke Landes

The prevalence of junk mail and spam has certainly made weeding out noise more difficult over the last decade. With email, software does a great job of hiding the junk and making the legitimate messages obvious, but there are occasional mistakes. Spam might show up in my inbox a few times each week, while I […]

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Banks Won’t Let Everyone Refinance Mortgages

by Luke Landes

Mortgage interest rates are still low, a great relief to first-time home buyers, real estate investors, and households considering refinancing their higher-rate loans initiated over the past few years. Banks aren’t too eager to hand those low-rate mortgages out to everyone who wants them, however. If you read financial media, you’ve probably heard that this […]

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How to Qualify for a 1% APR Mortgage

by Luke Landes

While there are great advantages to buying a house with cash, sometimes the benefits of using other people’s money outweigh those advantages. While debt is often rightly characterized as bad for one’s personal finances, there are situations in which it can be less bad. If you can qualify for a mortgage that starts out at […]

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Buffett: Buying Houses Better Than Buying Stocks

by Luke Landes

On CNBC a few weeks ago, Warren Buffett told the television-viewing audience, among other things, that he would purchase a couple hundred thousand single-family homes right now, if it were practical to do so. That seems like a ringing endorsement of buying residential real estate for its value as an investment. If the buyer also […]

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Buy Michael Jordan’s House for $29 Million

by Luke Landes
Basketball

If you’ve ever browsed through the television guide, you might have seen that there are a good number of television shows dedicated to the real estate industry. House Hunters International, Million Dollar Listing, Extreme Makeover: Home Edition, and Real Estate Intervention are just a few of the cable or network television shows designed to allow […]

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Why The Time May Be Right for Buying a House

by Luke Landes
House for sale

I’ll be thirty-six years old this month, officially closer to forty than thirty. I’ve never owned real estate. Once in a while, someone judges this as a failure on my part, or a reluctance to “grow up” or enter a more sophisticated stage of development, as if maturity was somehow related to the ownership of […]

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Buying a House With Cold, Hard Cash

by Luke Landes
Cash

When I write about the unbanked, the vast majority of this category of consumer avoids the financial industry due to lack of trust in the industry or a belief that living paycheck to paycheck doesn’t necessitate the fees and hassles of including a third party in financial transactions. Cash, in some respects, keeps you off […]

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