š„µ Mezzanine Meltdown & a Skyscraper Slump
Navigate NYC's real estate rollercoaster: from mezzanine meltdowns to skyscraper slumps, opportunity awaits.
The big apples' towering titans are teetering, and that spells opportunity. If you've got an eye for the high-rise, now's the time to watch for deals that are looking up, quite literally.
Now, while you're craning your neck at those skyscrapers, don't miss the action down on the ground.
Start Generating Passive Cashflow
Buy shares of investment properties, earn rental income & appreciation for anywhere from $100 to $20k ā let Arrived take care of the rest.
Homebuilders are feeling the pinch and they're cutting deals to keep their hammers swinging.
This means more than just a few knocked-down prices; itās a sign that the market's ripe for the picking ā especially if you're in the market for assets with some land attached to it
In this edition of the AltReports:
š Skyscraper SkidĀ
šļø Builder Blues
š„ Real Estate Rumble
š Rate Rescue
š¤Ŗ Lawsuit Lunacy
Video of the Week: The Collapse Nobody Saw Coming
Chart of the Week: We're on the Brink of a Credit Card Debt Crash
Podcast of the Week: How to Build a $100 Million Empire
Foreclosure Notices on Mezz Loans at All-Time High
Major disaster, Manhattan! Your beloved skyscrapers are drowning in a sea of foreclosure notices.Ā
Foreclosure is breaking more records than the Beatles in '64 and mezzanine loans have hit an all-time high.
These are the tricky loans that real estate developers take out, placing their projects as collateral.Ā
Homebuilders Slash Prices to Clear Inventory
Oh boy, builder confidence took a dive in November for the fourth time running.
Ā The high cost of borrowing is squeezing both the guys with the hammers and the would-be homeowners.Ā
Yet, there's a silver liningāhousing's not-so-hot contribution to inflation is cooling off, and the big brains expect mortgage rates to level out by 2024.Ā #
Low Inventory Fuels Growing Housing Competition
Even when mortgage rates flirt with the quarter-century high, starving house hunters keep pouncing on whatever hits the market.Ā
According to Zillow's fresh-off-the-press report, the U.S. housing scene is getting chiller than a polar bear's picnic as mortgage rates climb towards a scary 8%.Ā
Despite values of homes taking a nosedive across major U.S. metro areas, sellers still seem to have optimism flowing out of their ears.