Avon 2017-2018. MAGAZINE & COMMUNITY GUIDE This is an Image Builders Marketing Inc. From millions of real job salary data. 0 salary data. Average salary is Detailed starting salary, median salary, pay scale, bonus data report. Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas . Praise for. Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request Package . Interview Questions and Answers, Job Interview Tips, Advice, Guide. The Ultimate Guide to Buying and Selling Apartments by author and investor Steve Berges is now available for pre-ordering! The Ultimate Guide is the first release in. Job interview questions and sample answers list, tips, guide and advice. Helps you prepare job interviews and practice interview skills and techniques. How Tales of . The Consumer Price Index for Rent of Primary Residence, compiled by the United States Bureau of Labor Statistics and corrected for inflation, went up only 8 percent in 1. It doesn’t explain the 2. So what has been driving the wild ride in home prices? I believe the price swings have something to do with the changing mentality of the times, changes caused by narratives that have gone viral and swept across the population. Looking for answers in such popular stories contrasts starkly with the prominent approach of modeling people as though they react logically to economic forces. But a less orthodox approach can be quite useful. One thing is clear: The prevalent narratives of 1. A computer search using Pro. Quest or Google Ngrams shows that the phrase “housing bubble” was hardly used until 2. What is a bubble? It typically includes the notion that, spurred by the public’s expectation of ever further price increases, demand eventually reaches levels that cannot be sustained, and so the enthusiasm wanes and the bubble collapses. But that thought was just not on many people’s minds then, the evidence suggests. Instead, during the 1. To single out one strand, recall the stories of flippers who would buy a house, fix it up, and resell it within months at a huge profit. These stories appear to have been broadly exciting to people who didn’t flip houses themselves but who appear to have begun to think that stretching a little and buying a house with a large mortgage would make them wise investors. In his book “The Complete Guide to Flipping Properties,” published in 2. Steve Berges extolled what he called “the O. P. M. He wrote about the upside of leverage but not about the perils of leverage during the kind of big price drops that were just around the corner. It can take a long time for narratives like this to grip the popular imagination. Flipping was “a thing” in the condominium conversion boom of the 1. The idea then was this: Big- time converters with deep pockets would buy apartment buildings and convert the rental apartments to owner- occupied condos, selling units to diverse individuals, some of them flippers. For public relations purposes, converters would offer to sell at reduced prices to renters already living in a building, and typically to some outsiders, too. This generated buzz. When renters and speculators flipped their purchase contracts at a big profit, sometimes using borrowed money for down payments to flip multiple units without actually even closing on the condos, it was thrilling. It seemed that anyone with energy and initiative could get rich doing this. Some people eager to make quick profits bought Donald J. Trump’s well- timed 2. Trump: Think Like a Billionaire: Everything You Need to Know About Success, Real Estate, and Life,” written with Meredith Mc. Iver. Some enrolled in the less well- timed Trump University, which emphasized real estate investment in 2. Narratives about flipping weren’t restricted to real estate. Just after the time of the condo boom, stories of rapid buying and selling of initial public offerings took off as well. As with the condo promoters, I. P. O. By giving discounts to buyers who would make a high return, they captivated the nation with tales of people who had no advanced degrees or hefty r. I searched Amazon for books on “flipping houses” and came up with 3. Buying and rehabbing existing houses for resale is a legitimate business. But many of these books make extravagant pitches and seem aimed at inspiring amateurs to plunge into risky ventures. The public fascination with speculating in housing has been held in check by regulators empowered by the 2. Dodd- Frank Act, but that restraint is tenuous with the election as president of a real estate promoter intent on reducing regulators’ power. These narratives are still potent and could easily spur further spirals in the housing market. Continue reading the main story.
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