In September, Caroline Hernandez, a Florida homeowner, got a notice from her mortgage lender that her escrow account that held funds to pay her homeowners insurance and property taxes was short by $3,522 because her insurance premiums had increased. The shortage meant that Hernandez’s mortgage Read More …
For Mel Ligon and his wife, remnants of the 2008 housing crisis kept them from realizing major savings from refinancing their Chicago home during the pandemic refi boom. They had a deferred principal placed on their home during the Great Recession when they used Read More …
Renters across the country are feeling the brunt of housing inflation. Nearly 60% of renters said their rent increased in the past 12 months, according to a Freddie Mac survey of 2,000 Americans conducted in June and given exclusively to Yahoo Money. Nearly a third Read More …
Home equity is one way to create generational wealth. However, for Black and Latinx homeowners, homeownership doesn’t always render the same result. A recent study by Freddie Mac found that “minority applicants are more likely to receive an appraisal value lower than the contract price.” “The biggest Read More …
It’s time to pull out Jimmy McMillan‘s slogan for his 2010 New York mayoral run: “The rent is too damn high.” But today, the slogan applies across the country as renters feel the squeeze. The median monthly rent in May hit $1,849, a 26.6% increase since Read More …
From Yahoo Finance Live
Old habits die hard. Those nasty college roommates that won’t pick up after themselves, eat your food, leave dirty underwear in the bathroom – they do not go away. They grow up and become the tagline for worst roommate ever. I’ve encountered a few that Read More …
I previously mentioned that one of the reasons my NYC transition was hard was the difficulty finding people to become part of my family circle. People with whom you have significant and meaningful relationships. You know they stop to listen for your reply and not Read More …
Moving to New York City is not an easy transition. Newcomers bond and commiserate over housing. The one thing that cannot be over stated is how expensive it is to live in this city. Even in the crappy neighborhoods it is expensive. Dude did not Read More …
I left work early (8pm) and thought what fortune to have a train waiting in the station! After waiting in the station three minutes, the conductor informs us there was a fire at the station ahead and we will not be moving any time soon. Read More …