Day

November 21, 2008

Watch the Denominator

“Context, Context, Context” I’ve got numerous clients, savvy investors all, who are beginning to nibble on distressed properties, including multi-family units like condo’s. For those so-inclined, the new mantra is “context, context, context.” That plays out two ways. First, multi-family units typically bear a pro rata share of their building or complex’s common area charges....
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Stuck Rates

High Mortgage Rates Defy Drops Elsewhere T-bill’s are yielding zero, the Fed Funds overnight rate is 1%, the 10 year bond is at 3% . . . and mortgage rates are still at 6%? What gives? Traditionally, 30 year mortgages are 160 basis points above the 10 year bond. If that relationship held now, mortgages...
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