News about properties and real estate
Second homes: Added condos sweeten the Big Apple The Big Apple attracts second-home owners the same way it lures more than 45 million tourists annually: with the nation’s best array of restaurants, museums, shops, performing arts and culture. But recent developments have made New York even more tempting. Once-marginal neighborhoods such as the Meatpacking District …
Continue reading “Second homes: Added condos sweeten the Big Apple”
The benefits of a mortgage-free retirement Retirement is often likened to “financial independence.” However, as pointed out in a USA Today story last week, many retirees are finding themselves very dependent, very despondent, and, well, screwed. These are retirees with mortgages they can no longer afford. Pretty sad stuff. Of course, this wouldn’t be a …
Continue reading “The benefits of a mortgage-free retirement”
Palm Beach Projects in Distress [South Florida] In further evidence that the wave of foreclosures against large residential projects in South Florida is far from over, lenders have moved to foreclose on two prominent projects in Palm Beach County. Country Lake at Palm Beach, a local rental complex, has been hit with a $19.5-million suit, …
Continue reading “Palm Beach Projects in Distress [South Florida]”
Keep up with your homeowner’s insurance [North Florida] The Big One won’t hit this year. Will it? Northeast Florida has been spared from a direct hurricane hit since Hurricane Dora in 1964, but there’s always a possibility the region’s luck will run out in a new hurricane season. Given the threat, an annual checkup of …
Continue reading “Keep up with your homeowner’s insurance [North Florida]”
Renters conned out of a home That’s the warning being given by the Solano County District Attorney’s Office and real estate agents to potential renters who could be caught up in a costly con game. District Attorney David Paulson says that multiple cases of rental fraud have been reported recently from Vallejo to Vacaville, leaving …
Last two waterfront lots on Siesta are being sold [South Florida] Ron Allen, who made his fortune investing in real estate, is set to snap up the last two undeveloped beachfront lots on Siesta Key today. The price of those lots: $5.4 million. “I may be paying more than I should, but I figure investing …
Continue reading “Last two waterfront lots on Siesta are being sold [South Florida]”