Hosam Haggag and Fatima Rahman bought a fixer-upper in a historic neighborhood in Santa Clara, Calif., for $415,000 in 2011. Because of its shabby condition, the house was a rare bargain in Silicon Valley, where Mr. Haggag is a product manager for a large technology company. As part of a 2½-year renovation that cost almost …
Author Archives: Administrator
How Renters Can Build Long-Term Wealth, Too
Home might be where your heart is, but it isn’t necessarily where your wealth grows.With American homeownership in a steady decline, according to the U.S. Census Bureau, many households are not living in the passive asset that is a house. Homeownership is a long-term play, and for most families, true wealth only materializes when the …
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Bad water holding down property values
Alternative Retirement Income: Rental Properties – Palestineherald.com: Columnists
For many Americans, especially the Baby Boomer generation, retirement is either here or just on the horizon. The first of the Boomer generation to hit retirement age was in 2011 and according to the National Association of REALTORS®, the population of baby boomers entering retirement is projected to be 10,000 people a day, for at …
Beware the zombie (houses) still menacing Tampa Bay neighborhoods
Zombie houses. Abandoned by their owners and stuck in the foreclosure process, they are a blight on neighborhoods rich and poor. Some have been vacant for years, so long that people like Lee Randall can’t even remember the last time they saw the normal signs of life. Randall lives a few doors away from a …
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A record-setting $8 million for a recent South Park condo sale [San Francisco]
One couple has purchased both brand-new condos for sale at 147 South Park for a combined price of $8 million, according to a report from SocketSite. The 3-bedroom, 3.5-bath second-floor unit sold for $3.05 million, while the top-floor, 3-bedroom, 2.5-bath unit sold for $4.995 million. (The ground floor has storage, a lobby and two parking …
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