• Real Estate

    Real-estate brokers brace for ‘flood’ of wealthy buyers from overseas

    Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on about 33 countries for vaccinated visitors, easing restrictions that prevented most foreign real-estate buyers from entering the country to view and buy properties. Buyers from Europe, China, Brazil, and India will now be able to enter the U.S. for the first time in 20 months. Brokers in cities popular with the overseas wealthy — New York, Miami, Los Angeles — say they have a long list of showings scheduled in the coming weeks from buyers…

    Comments Off on Real-estate brokers brace for ‘flood’ of wealthy buyers from overseas
  • Real Estate

    NYC real estate scion accuses bro of swiping family fortune

    A struggling real estate scion has been pilfering revenue from his family-owned Manhattan apartment building to pay off debts and maintain his lavish lifestyle, his brother charges in new court papers. Third-generation real estate mogul Stephen Perlbinder alleges that his sibling, Barton “Mark” Perlbinder “has for years dominated the family companies and used them as a piggy bank,” according to Stephen’s Manhattan Supreme Court lawsuit filed Tuesday. Stephen accuses Mark, the president of Perlbinder Realty, of using the cash to pay for apartments he shares with his girlfriend, as well as to pay off debt and buy expensive cars, the suit says. In particular, Mark has been “self-dealing” as he…

    Comments Off on NYC real estate scion accuses bro of swiping family fortune
  • Real Estate

    Real estate bubble or demand boom?

    In just two years, the ratio of employees working remotely in the world’s richest countries has increased from 15% to 25%-30%. This situation, in addition to the rapidly increasing demand for housing, has multiplied the interest in housing models that have features that better suit working from home, have larger balconies or even a small garden. Amid the new normal since the coronavirus, 26% of employees in the U.S. are working from home, around one in four. According to institutions that closely monitor the U.S. employment market, at least 22% of the working population (36.2 million) will continue to work remotely from home in 2025, even if the global pandemic…

    Comments Off on Real estate bubble or demand boom?
  • Real Estate

    Mike Shildt’s condo in Moorlands hits real estate market | Joe’s St. Louis

    CLAYTON — A new vacancy has hit the real estate market. The Clayton condo owned by recently deposed Cardinals manager Mike Shildt is now available — at the low, low price of $375,000 — unless you hold “philosophical differences” with those who enjoy condominium living. Mike Shildt’s condminium building in Clayton (Photo by Neill Real Estate Team) The six-unit dwelling is at 7520 Buckingham Drive (his is unit 2E) and was built in 1935. It is in the Moorlands neighborhood south of Wydown Boulevard. The two-bedroom, two-bath unit with 1,360 square feet is in the Clayton School District. According to the property pitch, the condo building “arguably has the best curb appeal in the entire Moorlands…

    Comments Off on Mike Shildt’s condo in Moorlands hits real estate market | Joe’s St. Louis
  • Real Estate

    The Democrats’ Tax Plan Would Sink Real Estate

    The most lasting effects of government policies are often the unintended consequences. Americans learned this lesson the hard way in the aftermath of the 1986 Tax Reform Act. The tax proposals in the Democrats’ $3.5 trillion budget-reconciliation bill have the potential to kick off economy-crippling events similar to the savings-and-loan crisis of the late 1980s. The landmark 1986 Tax Reform Act reduced the top personal income-tax rate from 50% to 28%. The politically divided Congress paid for these cuts, in part, by raising the rate on capital gains from 20% to 28% and limiting the deductibility of real estate losses for passive investors. The unintended consequences were many and profound.…

    Comments Off on The Democrats’ Tax Plan Would Sink Real Estate
  • Real Estate

    My Real Estate Secret Weapon Didn’t Work. Or Did It?

    Flagstaff, Ariz., has become a hard town to buy a home in — it’s one of the four-season mountain towns people flocked to during the pandemic, where about a quarter of houses were already second homes. Acknowledging the lack of affordable options and low inventory, the city recently declared a housing emergency. This is the environment in which my partner and I decided to buy a house. By the time our baby boy was a few months old, prices had spiked 30 percent in one year and inventory had dropped. After our first six offers were rejected, someone suggested we write a letter to the sellers to stand out from…

    Comments Off on My Real Estate Secret Weapon Didn’t Work. Or Did It?