New Proposed tax plan will hit property owners and cost you millions.

New Proposed tax plan will hit property owners and cost you millions.

    I am always amazed at how out of touch our elected officials are with what happens in the real world.  The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers, but middle class, small business...

Alcohol sales decline for first time since pandemic, Huge impact on real estate, the pandemic trade is over

  For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen almost 2%.  Why the change in alcohol sales? No, people are not consuming less alcohol. What does this mean...
Unintended consequence of Forbearance/Eviction moratoriums Wall street the new landlord

Unintended consequence of Forbearance/Eviction moratoriums Wall street the new landlord

We are now well over a year into the pandemic and forbearance/eviction moratoriums abound with property owners and lenders essentially “stuck” with limited or no cash flow.  Unfortunately, many in Washington and local governments do not fully understand how real...
10 year treasury soars, mortgage payments could rise 33%,  How high will rates go?

10 year treasury soars, mortgage payments could rise 33%,  How high will rates go?

Before getting into the details, I can quickly answer the first question with 100% certainty.  Will Mortgage rates rise substantially in 2021? Yes they already have and will go even higher!  Why are mortgage rates rising while the federal reserve pledges to keep rates...
BOA predicts a housing “mother of all asset bubbles”      

BOA predicts a housing “mother of all asset bubbles”      

As a result of the current loose monetary policy and additional stimulus coming down the pipe, “imbalances” within the economy are starting to form. BofA predicts a 10% drop in stock prices.  What are other experts saying on the stock market?  How will this impact...