According to the New York Times, as Japan’s population shrinks, more than 10 million abandoned properties are available for as little as $25,000. Questions: Source: Hornyak, T. (2023). Japan Has Millions of Empty Houses. Want to Buy One for $25,000? The New York Times, April 19 (Retrievable online at https://www.nytimes.com/2023/04/17/realestate/japan-empty-houses.html?)
Posts Tagged: real estate
How Many All-Cash Buyers Are In Your Neighborhood?
According to the Washington Post and realty company, Redfin, nearly one-third of homes purchased in 2022 were all-cash deals! Questions: Source: Martinez, E., K. Schaul, and H. Shaban. (2023). See how many all-cash buyers snagged houses in your neighborhood. The Washington Post, Feb. 9 (Retrievable online at https://www.washingtonpost.com/business/interactive/2023/all-cash-buyers-housing-market/?itid=hp-top-table-main_p001_f004)
A Growing Force in Real Estate
According to the Washington Post, for the fourth year in a row, buyers from China ranked first among foreign nationals purchasing property in the United States, according to a survey by the National Association of Realtors (NAR). U.S. home sales to Chinese nationals totaled $27.3 billion — exceeding the total dollar sales figure of the… Read more »
Secret Buyers of Real Estate Targeted
In an unprecedented move, the Treasury Department will begin identifying and tracking cash sales of real estate in an effort to expose money laundering and secret buyers of high-end properties. Questions: 1.At which locations will the new initiative begin? 2. Is the use of shell companies legal in real estate? 3. How will the real… Read more »
We Pay Top Dollar for Musicians!
Overbuilding has led to ghost towns in China with towering rows of luxury apartments sitting completely empty, especially in smaller cities in China’s hinterlands. However, the real estate companies who now must sell these empty towns believe that filling their remote buildings with foreign faces, even for a day, suggests that the area is “international.”… Read more »
Remember: Cash is King!
According to McClatchy News, one in three buyers of U.S. homes is paying cash, which is a record high number. Florida topped all states for all-cash home sales, at 55 percent of cash sales during the first three months of this year. That’s on a par with 54 percent for all of last year and… Read more »
Donald Trump is in the News Again!
New York Attorney General, Eric Schneiderman, has sued Donald Trump for $40 million as a result of what he terms a fraudulent educational program through “Trump University.” The program promised to make students rich but instead steered them into expensive and useless seminars. They also failed to deliver promised apprenticeships. Questions: 1. Instead of meeting… Read more »
A Good Deal?
Show them the money and you, too, could live at The Plaza in New York City! Life at the city’s storied hotel is kush no matter what, but this newest listing is giving new meaning to the high life. Curbed directed our attention to the Astor Suite, a four-bedroom, six-bath rental, which is currently being… Read more »
Avatar Accounting
A working knowledge of accounting is helpful for almost any career endeavor. In real estate, for example, brokers must have a thorough understanding of the numbers involved in the decision-making process. Real estate brokers traditionally determine whether a buyer can make payments to a bank, identify tax benefits of a purchase, and even determine whether… Read more »