Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Notorious landlord pressures tenant to buy rental house; calls deal a 'blessing from God' An unemployed Milwaukee woman testified that disgraced landlord Elijah Rashaed tried to force her to buy a home for $75,000 Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Cary Spivak, Milwaukee Journal Sentinel Published 1:29 p.m. CT March 28, 2018 CLOSE Some Milwaukee landlords specialize in gaming the system. Wochit CONNECT TWEET LINKEDIN COMMENT EMAIL MORE It was presented to Desitnie Grafton as a "blessing from … [Read more...] about Notorious landlord pressures tenant to buy rental house; calls deal a ‘blessing from God’
Investors buying up houses
Last Updated May 31, 2011 10:48 AM EDT The stream of depressing housing numbers continues to roll in. The closely watched Case Schiller index of housing prices dropped below its April 2009 low, indicating that housing is now officially in a double dip nationwide, and 31% below its peak in the spring of 2006. That's discouraging news for the economy, since homeowners aren't likely to feel like splurging if their biggest asset is crashing and they're under water on their mortgage. And the farther under water you get, the greater the the temptation to walk away from your mortgage, dumping more inventory on an already glutted market. It's hard to find a lot of good news in all this. Still, it's an ill wind that blows no one any good, and there is one group that stands to benefit from the housing market's travails: Buyers. Only problem: They don't seem to care. A New York Times story this morning suggests that not only are many potential buyers frozen out of the market-stuck in … [Read more...] about Forget the Double Dip: 3 Good Reasons to Buy a House Anyway
Last Updated Nov 11, 2009 9:17 PM EST I've been speaking with real estate professionals around the country about the extension and expansion of the home buyer tax credit. Most are thrilled that they will have this incentive to lure prospective home buyers for another six months or so. Those who are working with home buyers who qualify for either the $8,000 first-time home buyer tax credit or the $6,500 trade-up buyer tax credit are happy their buyers don't have to wait for December 1 to take advantage of the tax credit. They can't wait to close and move onto the next buyer. Those who don't qualify for one reason or another are angry and frustrated. One buyer who closed on November 5 isn't too thrilled he missed getting $6,500 by a few hours and wanted to know if he could undo his deal and schedule a new closing. A few are worried. They figure a bunch of the buyers who might have bought homes next year or the year after are pushing forward their transactions in order to pocket the … [Read more...] about Buying A House Next Year? Don’t Worry About The Competition.
Last Updated Dec 15, 2009 2:47 PM EST Who wants to buy a foreclosure? Fewer people than you might imagine. RealtyTrac, an online marketplace for foreclosures, and Trulia, a search engine for real estate listings, said that overall interest in buying a foreclosure declined to 43 percent from 55 percent, according to the results of a new survey. In a conference call this morning, Trulia co-founder and CEO Pete Flint said that 81 percent of Americans have a negative view of buying foreclosures, due to hidden costs, the perceived risk and the feeling that the home could lose value, a number he called "bleak." In May 2008, just 69 percent viewed the purchase of foreclosures negatively. But interest in foreclosures among real estate investors, trade-up buyers and renters remains strong. According to the survey:Nearly a quarter of all adults would buy a second home, and of those 92 percent said they would buy a foreclosure. About 24 percent of homeowners are at least "somewhat likely" to … [Read more...] about Who Wants To Buy A Foreclosure? Real Estate Investors, Trade-Up Buyers, and Renters
By CALmatters | PUBLISHED: March 13, 2018 at 12:56 pm | UPDATED: March 13, 2018 at 1:07 pm By Matt Levin, CALmatters Scott and Erica Rothenberg thought the years of scrimping and saving had finally paid off. The three-bedroom house outside of Elk Grove—an upper-middle-class suburb of Sacramento—checked all of the boxes: quiet neighborhood, quality school district, ample space to start a family. But the couple knew competition for the house—like most houses in desirable California neighborhoods—would be cut-throat. Their agent warned they’d be bidding against not only a glut of young Sacramento-area families vying for a starter home, but also wealthier Bay Area residents fleeing astronomical prices. Even wealthy foreign investors from China, sensing an opportunity to park their cash and make steady returns, were getting in on the action. “I was like, ‘Are you serious?’ In Elk Grove?,’” said Scott. “It’s really … [Read more...] about Are foreign investors driving up real estate in your Southern California neighborhood?