Donald Trump: Landlord-In-Chief?
By Michael Maharrey You’ve probably heard about the federal government moratorium on evictions. I guess that makes President Trump Landlord-In-Chief. The sad thing is I’ve…
Housing
America’s Largest Landlord To Make $550 Million Bet On Trailer Parks
By Tyler Durden A decade ago, Blackstone Group Inc. became America’s largest landlord, purchasing tens of thousands of single-family homes during the foreclosure crisis. Now the…
Manhattan Rental Market Sees Another Record Plunge For August With 15,000 Empty Apartments
By Tyler Durden As expected given the new pandemic-driven ‘escape from New York’, the Big Apple’s rental market has witnessed another record plunged for the…
A Tale Of Two Housing Markets: Mortgage Delinquencies Spike 450%, Yet Refis Boom With Low-Principal Loans
By Tyler Durden As we noted last month, the US housing market is reflecting the extremes of the economy right now – between those who…
A Record 52% Of Millennials Now Live With Their Parents, Highest Since Great Depression
By Tyler Durden Wall Street and the Trump administration have been in no rush to acknowledge the deep economic scarring from the virus-induced downturn that is…
Amazon Working With Landlords To Put Alexa In Your Apartment Before You Move In
By John Vibes Amazon’s Alexa smart home gadgets are becoming more popular by the day, but there are still many people holding out on buying…
CDC’s Eviction Moratorium Is an Unconstitutional Power Grab
By Brad Polumbo In 2012, then President Barack Obama infuriated many Americans when he told business owners “you didn’t build that” and suggested that the…
Michigan Supreme Court Decision Delivers Win for Man Who Had His House Stolen Over $8 Tax Debt
By David Deerson “You have a situation where people owe eight dollars and they lost their house. How is that equitable?” In a recent unanimous…
In Unprecedented Move, CDC Halts Most Rental Evictions Until End Of 2020
By Tyler Durden In an unprecedented move on Tuesday, with Congress unable to reach a common ground on virtually any stimulus extension, the Centers for…
Mortgage Delinquencies Soar To Decade High
By Tyler Durden Readers may recall last week we outlined the dam of pent up mortgage delinquencies continued to crack, with the share of delinquent Federal Housing Administration’s…
250,000 Las Vegans Face Eviction Next Month
By Tyler Durden Las Vegas is expected to become one of the focal points of the eviction crisis as nearly a quarter-million people could be removed from…
Delinquent FHA Mortgages Soar By Record 60% To All Time High, As Homeowner Budgets Implode
By Tyler Durden Last month we quoted from Wolf Richter to remind readers of something we discussed several months ago when we went over the…
Government Solutions Are Worse Than The Problem
By Michael Maharrey Government sucks you in by promising to fix the problems that it created in the first place. And it almost always makes…
Mortgage Mayhem Begins: Overall Delinquency Rates Soar As Housing Crisis Lurks
By Tyler Durden Readers may recall as early as April we outlined how mortgage lenders were preparing for the most significant wave of delinquencies in history…