Recent Blog Posts
The 5 Ds of Real Estate Purchases
Economists have described the current generation of first-time home buyers as “nepo babies.” This means that house purchases are so expensive that no one below the age of 40 can afford to buy a house or condo unless their parents contribute to the down payment. In other words, the young generation cannot reasonably aspire… Read More »
PITI Mortgage Loans Are So Expensive
If you are in the market for a home mortgage, first take a moment to be grateful that your financial situation is as good as it is. Home ownership is becoming an increasingly unattainable dream. Home mortgage loans are the biggest debt that most people incur in their lives, and the value of the… Read More »
What’s New With Residential Real Estate Tax Credits?
The Internet is practically unanimous about the fact that most Americans who have never owned a house will never be able to buy one unless they get a subsidy from the Bank of Mom and Dad. The policies that expanded homeownership opportunities are long gone. Most people with steady jobs are lucky if they… Read More »
Earth to Medicare: Seniors Need Dental Cleanings, Too
There are some people in this world who seem determined to look on the bright side of everything. No matter what you complain about, they will always turn it into an opportunity for gratitude, even when it is a legitimate grievance. If you complain about paying taxes, be thankful that you have a job. … Read More »
Do Revocable Trusts Help You Save Money on Taxes?
In many ways, a revocable trust is the best of both worlds. The revocable trust is a non-probate asset, much like an irrevocable trust. Unlike an irrevocable trust, though, a revocable trust does not require you to make a forever decision about your money and then live to regret it. The thing that makes… Read More »
Mixed Use Development With Affordable Housing Units Opens in D.C.
This month, a new mixed-use development opened in Southeast D.C. The Clara, named after Clara Muhammad, is located at the original site of America’s Islamic Heritage Museum, and the new building includes a permanent location for the museum on the ground floor. The ground floor of The Clara also includes retail spaces, in which… Read More »
How Will the National Association of Realtors Settlement Affect Your Plans?
Among the many symptoms of financial long COVID is that the cost of buying a house is becoming increasingly unaffordable. In fact, many people in their 30s who have been consistently employed for more than a decade, doubt that they will ever be able to afford their own home. For a brief period in… Read More »
Baltimore Sells Abandoned Houses at Rock Bottom Prices
The scarcity of affordable homeownership is a major problem in most urban areas in the United States. The problem does not always come down to lack of space, though. Even though many counties, including some in the DMV, have affordable homeownership programs where they reserve certain newly built properties for first time homebuyers who… Read More »
Should You Be Worried About the Recent Increase in Commercial Real Estate CLOs?
So much about the real estate market is unpredictable. No one who was building shared office space, roller skating rinks, and movie theaters in 2019 could have anticipated what the next year would bring. Whenever one family buys one house, they are taking a financial risk, not knowing how much the value of the… Read More »
Real Estate Transactions Run in the Family
Everyone complains that the rich get richer while the rest of us work our whole lives for little or no reward. If you have not thought about this for a while, it speaks well of your financial situation, your ability to be content with what you have, or both. It is easier to feel… Read More »
