Metro Homes Under $40k According to a quick search on MLS this morning, there are exactly 463 residential properties in Minneapolis and the West ‘burbs for sale for under $40k. To be sure, the majority are in rough condition, in tougher neighborhoods; the ones that aren’t, are typically condo’s. Small condo’s. But still. When even...Read More
Renting vs. Owning: Shifting Consumer Preferences? Before explaining the “tectonic plates” of the housing market, this preliminary question: What was the biggest factor in the stock market’s almost 12X(!) appreciation between 1982 and 2000? A. Increased corporate earningsB. Low interest ratesC. An increase in stocks’ price-earnings multipleD. Reduced taxes on capital gains Answer: C Although...Read More
Renting vs. Buying: How Interchangeable? Carla Zeineh, 22, and her husband recently began shopping for a home in Irvine, Calif., and discovered that with a 5% mortgage rate, her monthly payment on a $350,000 two-bedroom home with 20% down could be less than the $1,800 month that they pay in rent on their two-bedroom condo....Read More
