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Tony’s Video Tells All

Apartment rents to rise for ‘many years’

“Us: What’s driving rents higher … with only modest employment growth?
Rodney: The basic concept of supply and demand is driving the rent increases we’re seeing in the local apartment market.”

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Fannie, Freddie investors likely steady, even in default

“The U.S. debt compromise deadline is days away with the prospect of a national downgrade looming in lieu of a solution.”

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Monday Morning Cup of Coffee

If you haven’t heard about the problems in Washington, you might find 3 of these articles interesting. However, I like the article about the 3 banks that recently shut down, best, as this type of news doesn’t usually make it to the wires.

“President Barack Obama announced Sunday night leaders of both parties reached an agreement to raise the debt ceiling by well over $2 trillion while implementing strategic deficit cuts of approximately $2.4 trillion over a period of ten years.”

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Take a business model approach to renting out units

Donate your rental property to the Catholic Church and join the priesthood!

‚ÄúQuestion: I own three apartments and allowed a young woman to move in without giving me a security deposit or the first month’s rent. I felt sorry for her because she told me that she had just left an abusive relationship. For the first couple of months she was late with the rent but she eventually caught up. In the last several months she has not paid at all. Every time I ask her for the rent, she promises to pay but doesn’t. Lately she just ducks me altogether. What can I do?‚Äù

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More home buyers are walking away from signed contracts

Well, well, well, what have wegot here? This is what’s called “follow-the-pending-rainbow to the pot of gold youll find at cancellation heaven!”

“Reporting from Washington—
Are home buyers walking away in droves from the contracts they’ve signed? Or are they essentially fouling out of the game, unable to close deals because of financing and credit issues?‚Äù

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Housing Bust Reverses Ownership Gains

How does that go now??? Buy when everybody sells, sell when everybody buys…

“The number of Americans who own their homes continued to decline in recent months and now is at the lowest level since early 1998.”

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Real Estate Chart Wrap-Up

Ay, whatdoyousay? If you’re interested in Jersey real estate, here ya go? Fogettaboutit goombah!

“Monday: These days it’s trickier than ever for landlords and tenants to figure out New Jersey’s industrial real-estate market which, with 800 million square feet of space, is the third largest in the country.”

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