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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

While renters clearly suffer most from the lack of affordable housing, the crisis has taken a toll on property owners too. The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. A seemingly easy solution would be to sell properties.

Landlords 434
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Opinion: More financing options for ADUs are needed

Housing Wire

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 501
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Dan Gilbert makes $500M investment in Detroit

Housing Wire

Initially, Gilbert’s family foundation will completely eliminate the property tax debt owed by about 20,000 low-income homeowners in the city of Detroit. Gilbert has purchased and developed more than 100 Detroit properties, rehabbing and tenanting the buildings.

Investing 370
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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Over 30% of the income of over 10 million senior tenants was spent on housing. Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. Only 36.5% 1688 / H.R.

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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

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In-House vs. 3rd-Party On-Site Property Managers: Which Is Best for Your CRE?

The Robert Weiler Company

No stranger to offering business-related sage advice, Benjamin Franklin was fond of reminding us all that “death and taxes” were the only two certainties in this world. While Franklin knew that death and taxes were guarantees, how those taxes are paid, and who’s managing the properties taxed is anything but certain.