With homes that average 20,000 square feet, a vacant lot asking nearly $30 million and enough resident movie stars and film execs to fill a red carpet, the gated community of Beverly Park is one of the most exclusive, expensive places in Los Angeles, a land of exclusive, expensive places. Celebrity residents include Denzel Washington, …
Author Archives: Administrator
Will Wall Street Remain Landlord?
With institutional capital pulling back from the single-family rental market in recent months, the question of its future in this market remains. RealtyTrac has released a new report that studies the markets where Wall Street has invested the most in single-family rentals and predicts in which of those markets institutional investors are likely to remain …
Managing Real Estate Assets in Your Retirement Portfolio
Diversification is essential since real estate can be just as volatile as stocks and other assets. Remember the housing bust when the market peaked in 2006 and declined for years? In my book The Cul-de-Sac Syndrome I wrote about a southwest Florida couple who loaded up on real estate at the height of the housing …
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Luxury Condos with Private Pools
The latest weapon in the luxury high-rise arms race: a private pool in every unit on every floor.At ONE KL, a 35-story luxury building in Kuala Lumpur completed in 2009, the building’s tagline boasts, “94 Apartments, 95 Swimming Pools.” In the Bahamas, each of the 34 units at Honeycomb, a condominium with a hexagonal-patterned facade …
Housing market: South Florida prices cooling, but that’s a good thing
South Florida home prices soared from 2000 to 2005, then plunged during the next six years before quickly bouncing off the bottom. But the market’s mood swings appear to be over, analysts say. Housing settled into a more reliable investment in 2014, even as double-digit price gains disappeared. Expect the market to slowly strengthen in …
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Don’t Buy a Home as an Investment
This year, I sold one apartment and bought another. It was a reminder that the words “home” and “investment” don’t belong in the same sentence. Don’t get me wrong: I’m all in favor of home ownership. The tax breaks are impressive. Home ownership forces us to save: With each mortgage payment, we whittle down the …