š± 5,000 NYC rentals vanish into bankruptcy court
What this rental crisis means for NYC tenants and investors.
Thousands of affordable apartments are disappearingāpushed into bankruptcy by skyrocketing interest rates.
Pinnacle Groupās financial mess is shaking the market and leaving tenants scrambling.
Meanwhile, zombie foreclosures are crawling back in hotspots like Florida and California.
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These abandoned properties scare most buyersābut smart investors see opportunity hidden in the decay.
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Across the country, home sales are crashing, prices are plunging in cities like San Francisco and Seattle, and junk bonds are flashing danger signs.
Ready to make your move before the next wave hits?
In this edition of the AltReports:
š„ Affordable housing giant teeters on bankruptcy
š» Zombie foreclosures rise in major markets
š Pending home sales plunge nationwide
š Major cities see house prices freefall
š£ Junk bond yields warn of market risk
Video of the Week: The Incoming Crash - FHA Mortgages Will Be Underwater
Chart of the Week: U.S. housing market now has 500,000 more sellers than buyers
Podcast of the Week: The Secret to Buying CRE Before It Hits the Market
Pinnacle Groupās Latest Saga Reads Like a Financial Soap Opera
Pinnacle Group is drowning in debt, blaming soaring interest rates and a 2019 law for pushing 5,200 apartments into bankruptcy.
What looked like a stable affordable housing play has turned into a financial circus.
Now tenants face uncertainty as the companyās empire teeters on collapse.
š” Investor Takeaway: Avoid over-leveraged affordable housing deals until interest rates stabilize.
Zombie Foreclosures are Creeping Back into the Real Estate Scene
Zombie foreclosures are making a creepy comeback, haunting states like Florida, New York, and California with abandoned, decaying homes.
These spooky properties are popping up like unwanted guests at a party no one invited them to.
If youāre house hunting, beware the ghost towns lurking in the marketāor embrace the thrill if you love fixer-uppers with history.
š” Investor Takeaway: Scout zombie foreclosure listings carefully for deep discountsābut budget for costly repairs.
Pending Home Sales are Taking a Nosedive Across the Board
Pending home sales are plunging nationwide, flooding the West with listings like a never-ending party piƱata.
Buyers are tightening their grips in the South, scared off by rising interest rates and picky as ever.
Sellers beware: the market has flipped, and only those holding inventory seem to be winning.
š” Investor Takeaway: Focus on acquiring properties in high-inventory markets to negotiate better deals.
House Prices are in Freefall, and Some Cities are Taking a Nosedive
House prices are tanking hard, with cities like San Francisco dropping nearly 17% from their peaks.
Seattle, Washington D.C., and San Diego arenāt far behind, leaving many owners scrambling.
The dream of owning a big home is fading fastāgrab some popcorn and watch the market drama unfold.
š” Investor Takeaway: Consider buying in major markets during price slumps to capture long-term appreciation.
In the Wacky World of Junk Bonds, Yields are Strutting their Stuff and Breaking Records
Junk bond yields are breaking records as investors gamble on risky CCC and B-rated debt like thereās no tomorrow.
Analysts are raising red flags about a potential economic meltdown, but thrill-seekers keep diving in anyway.
Brace yourselfāthese financial ticking time bombs might blow up your portfolio when you least expect it
š” Investor Takeaway: Steer clear of high-yield junk bonds unless you can stomach significant risk and volatility.