Tag: home ownership

How Realtors Make Home Ownership Look Like A Wealth Builder

How Realtors Make Home Ownership Look Like A Wealth Builder
From time to time “economists” from the National Association of Realtors publish propaganda pieces on how great real estate is. For example, just last week they published an article on how “homeownership presents a great pathway to build wealth“. If you ever need an example of how to lie with statistics this serves as a... Read more »

Mobility Trends: People Just Don't Move Like They Used To

Mobility Trends: People Just Don't Move Like They Used To
OK. This blog post sounds an awful lot like the one I did a little over 2 1/2 weeks ago where I talked about how long people are staying in their homes. But the data I shared in that post was less than ideal. It was biased by only looking at people who moved and... Read more »

Homeowners Staying In Their Homes A Lot Longer Than They Used To

Homeowners Staying In Their Homes A Lot Longer Than They Used To
The real estate industry has a lot at stake when it comes to how long people stay in their homes. The average tenure of homeownership directly drives transaction volume. An average tenure of 5 years would result in 20% annual turnover of the housing stock while a 10 year tenure would produce 10% turnover. The... Read more »
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Waterproofing A Brick, Block, Or Stone Basement

Waterproofing A Brick, Block, Or Stone Basement
About a month ago I posted on how to fix a water leak in a basement with concrete walls. However, older basements might be built using bricks, cinder blocks, or even stones and when those leak it requires a totally different strategy to waterproof them. For instance, because you have separate pieces of construction material... Read more »

Home Maintenance: Fixing Basement Water Leaks

Home Maintenance: Fixing Basement Water Leaks
Within a year or so of buying our house I noticed a 2 foot section of baseboard slightly discolored and swelling up in the basement. Few people would have even noticed it but I’m obsessive about water getting into the house and I knew that this was a sure sign of a basement water leak.... Read more »

Renting A Home Suddenly Looks Better Under Tax Reform

Renting A Home Suddenly Looks Better Under Tax Reform
As people are working on their tax returns I suspect the reality of the new Tax Cuts and Jobs Act is starting to kick in – and I’m not talking about the withholding/ refund drivel that the media is obsessed with. The bigger issue is the $10,000 SALT (state and local tax) deduction limitation that... Read more »
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Household Debt, Mortgage Standards, Homeownership, And Home Equity

Household Debt, Mortgage Standards, Homeownership, And Home Equity
The 4 topics listed in the headline don’t actually have that much of a connection to each other but they were all covered in a rather interesting presentation released by the New York Federal Reserve about a month ago:┬áHome Prices, Housing Wealth and Home Equity Extraction. In that report they provided several charts showing the... Read more »

The One Compelling Argument For Home Ownership Tax Deductions

The One Compelling Argument For Home Ownership Tax Deductions
As you might imagine the various realtor organizations are apoplectic over the possibility that the government will take away handouts for homeownership – specifically the mortgage interest tax deduction for large mortgages and the deductions for state and local taxes, including property taxes. You can see what the NAR has to say about it here... Read more »

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data
The National Association of Realtors is at it again, trying to convince everyone that buying a home is the key to riches. Their economist, Lawrence Yun, wrote an article that appeared in the October 14 issue of Forbes Magazine in which he makes the case that homeownership allows homeowners to accumulate an additional $190,000 in... Read more »
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Realtor Propaganda: Home Ownership Is The Key To Wealth

Realtor Propaganda: Home Ownership Is The Key To Wealth
The National Association Of Realtors is at it again. They’ve never seen a social or economic problem that buying a house couldn’t solve. They even have a full time chief economist, Lawrence Yun, whose job it is to regularly churn out statistics proving the benefits of home ownership or arguing for some kind of government... Read more »