interconnected actions and following consequences of financial hardships. The introduction of Emergency Economic Stabilization Act of 2008 and the fact of actually surviving the meltdown had slowly earned back Americans’ trust in real estate market investments as of today. Real estate seems to be a great method for people to invest their money in until obtaining an ownership or investing in several properties and renting them out to potential buyers. It does pay off to those who have decided to…
million homes went into foreclosure during the real estate and mortgage meltdown. After seven years of piecing together their credit, many of these former homeowners qualify for a mortgage again. These potential buyers are referred to as boomerang buyers. Despite the repair of their credit, the shattering of their original credit still haunts them. Moving forward, these so-called boomerang buyers will utilize lessons learned from the real estate crash. The broken mirror is able to be…
seen as an attractive option for property buyers, especially for first time buyers looking for a starter family home. There is, however, a lot of discussion on whether townhouses, single family detached houses, or condominiums are better, with real estate forums and websites such as CanDoFinance filled with arguments for and against each option. Some of the main arguments in favour of townhouses are that they are not only more spacious and aesthetically pleasing than condos but also come…
World War 1. The reason for this rent control was to keep rents from rising from the equilibrium levels since the quantity demanded at the ceiling at that time, exceeded the quantity supplied. 2. Why did real estate developers build fewer apartments in rent controlled areas? The reason why real estate developers built less apartments in rent controlled area for the reason of rent controls. Builders in New York City had completed nearly thirty thousand housing units a year and ninety housing…
provides security to growing, hard-working families. Sadly, the effects of losing a home can be compared to the devastation experienced through a divorce. No one ever wants to lose their home, and sadly many did between the years of 2006 to 2009, when real estate prices plummeted to an all time low. Consequently, millions of Americans suffered from a recession. Fortunately, Americans have been bouncing back since then. Although…
FACTS: The appellants rented an apartment from the defendant; the defendant filed separate actions against the tenants arguing default on the payment of rents due. The appellants do not deny non-payment; they argued housing code violations as “equitable defense” in an amount equal to the rent owed. The Court of General Sessions entered judgment for the landlord, and the DC Court of Appeals affirmed. The DC Circuit Court granted leave to appeal and reversed. ISSUE: Whether housing code…
Chief Executive at the Metrik Real Estate. Samuel Strauch attained his degree in business from the University of Hofstra in New York. Samuel Strauch had also studied in the University of Erasmus in Rotterdam and the University of Harvard. Samuel Strauch studied banking, but he later joined the Real Estate business of his family in South Florida. In the year 2002 Samuel Strauch began his own company which has tremendously grown over the years. The Metrik Real Estate has been successful in equity…
case today was about the familiar negotiation that we might have experienced or would have a high possibility to do in real life: real estate negotiation. In this kind of transaction, quite frequently, there are the participation of agents who work for their clients’ interests. Sometimes because of their commission from the transaction, sometimes in order to fulfill their clients’ real purposes, they try to make the deal at any cost. From “The Bullard House” case, we could reveal what might…
the millennial generation continues to graduate from college and enter their first jobs, they will continue to seek housing that meets a certain criterion they’ve created for themselves. In order to meet the challenge of remaining a top leader in real estate services, especially development, I offer the following recommendations to target the millennial generation: • Acquiring Smaller Developers: As mentioned earlier, our largest competitor, Pulte Homes, has been able to gain a competitive…
Property Manager Nature of the Work Property manager is a third party, who is hired to maintain and operate real estate investment such as residential, commercial, industrial, office, retail and/or land on a daily basis (Eberlin, 2016). The property manager needs to ensure that the revenue of the owner’s property is maximized, the costs are minimized and that there is a good working relationship with the property owners and tenants (OREA, 2014, p. 319). The nature of the job consists of…