Tag: transactions
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I’m close to retirement and I own 2 homes. If I sell my primary home, I’ll get $100K. My plan is to rent a place for $1,400. Is that a good idea?
Dear MarketWatch, I am a year and a half away from retiring. I own a home in Illinois and a modest vacation home in Wisconsin. I would like to sell my primary home, and save several hundred dollars per month. I would end up with $100,000 cash from the sale. I would like to rent ... -
‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market
Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. ... -
Safestore 1H Pretax Profit Rose on Investment Gains; Sees Full-Year Earnings Rising
By Joe Hoppe Safestore Holdings PLC said Tuesday that its pretax profit and revenue rose for the first half of fiscal 2022, driven mainly by investment property gains, and forecasts full-year earnings slightly above market views. The London-listed self-storage company posted a pretax profit of 285.2 million pounds ($350 million) in the six months to ... -
Renting vs. owning: The difference is ‘higher than at any time since the turn of the century’
The housing market may be slowing down, but owning a home is still a costly proposition. Two charts reveal exactly how expensive it is. Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns Real Estate Consulting. “Now, owning a home costs ... -
Atlanta’s No. 1 Broker Bought Homes for Big Investors From 600 Miles Away
Atlanta’s top-performing residential real-estate agent lives in Florida. He didn’t set foot in Georgia for two years, and he sees no reason why he should. A.J. Steigman runs his own real-estate brokerage firm from his house in Parkland, Fla. From 600 miles away, he bought or leased more than 300 homes at a total value ...