Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
via Valuewalk.com, The Canadian housing market has done extremely well for a very long time. As such, many people expect the trend to continue. That said, there are major vulnerabilities in the Canadian economy that pose a threat to the housing market’s continued success. In the following report we will examine the economy, the financial…
About sixty-five miles east of New York City, in the southern part of the Long Island town of Brookhaven, there is a hamlet of around six thousand people called Yaphank. In Yaphank, there is a residential community called Siegfried Park, where the land is owned by a non-profit group called the German-American Settlement League. Siegfried…
Recently, the New York City Housing Authority sued St. Mark’s Bookshop, one of its tenants, on the ground floor of the First Houses, at 138 East 3rd Street, in the East Village, for more than $68,000 in back rent. According to court documents, NYCHA issued St. Mark’s its first rent demand on June 26th, 2015,…
Bedford Avenue in Williamsburg. Photo by Mary Hautman It’s no secret that Williamsburg’s storefront rents are some of the priciest in the borough, but a new report now reveals they are also some of the priciest in the country. The ever-changing commercial strip of Bedford Avenue is, along with Fulton Mall and Court Street in…
©Joe Waldron Save money into my pension? I’d rather blow it on a holiday. This is the typical response of a millennial — marketing shorthand for a 20-something — when you ask them about financial planning. More On this story On this topic IN Personal Finance For the generation that grew up in the Noughties,…
The financial crisis turned a lot of Americans into renters, because they couldn’t keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off home ownership. A new report from real estate website Trulia seeks to identify the groups that lost the most purchase on the…
Airbnb’s efforts to become an “open and transparent” company might not quite line up with traditional definitions of transparency. A report released Wednesday suggests that Airbnb manipulated listing data in New York City prior to publicly releasing that data to regulators in December, in an effort to quell concerns that the platform was enabling professional…
“Push button. Get Mortgage.” That’s the tagline of Quicken Loans’ new product, Rocket Mortgage. The company introduced Rocket Mortgage to the massive television audience watching Super Bowl 50 in a one-minute commercial. The ad describes a simple push button app that allows people to get mortgages on their phones, which would lead to a “tidal…
Once more unto the breach, dear friends, once more. Having slogged through several years of research on the many and complex causes of the financial crisis, I take it personally when people try to rewrite history and ignore what actually drove the events that led to the collapse. That is our charge today, in response…
Developer Steven Witkoff is holding off on converting Manhattan’s Park Lane Hotel into luxury condominiums — for now. The owners are contemplating a renovation of the 46-story hotel at the foot of Central Park, Witkoff said in an interview. He led a group that acquired the property from the estate of Leona Helmsley for $660…