Sunday, 20 January 2013

"More than 280,000 units — nearly half of Manhattan’s apartment stock — is rent-regulated in some fashion."

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"These apartments are either godsends to those who occupy them, or daggers that twist in the hearts of everyone else, left to pay market rate or compete for the borough’s remaining vacancies — 2.8 percent of the housing stock, as measured in 2011."

From an article about what counts as "middle class" in Manhattan. It's not so much an amount of money you need to make as it is when you got into the real estate market.
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Saturday, 12 January 2013

"Study says homeless facilities may increase the value of nearby property."

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May... meaning it probably increases the value of the property over there where we'd like to site the facility but not over here where I live.
The study, released in 2008, compared home sale prices before and after the development of Project H.O.M.E. housing facilities and controlled for many other factors that could affect home values, said [Kevin] Gillen, an economist and senior research consultant at the Fels Institute of Government at the University of Pennsylvania....

"These properties were overwhelmingly in distressed neighborhoods. If you were to do the same thing in affluent neighborhoods, it may not bring the same result. But given the choice living next door to a well-maintained homeless facility and a vacant abandoned building, you’ll take the homeless facility," he said.
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Tuesday, 8 January 2013

"Finding Little Evidence Of Foreclosure Fraud..."

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"... Feds Give Up."
Has there been a single case in the past five years of a homeowner who was current on his mortgage being foreclosed through fraud?
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