Monthly Archives: August 2024
Are Short Refinances Too Good to Be True?
Every so often, you hear about a home mortgage option that sounds like a dream come true. For example, most of us must choose between a fixed rate mortgage, where the interest rate starts out high and stays the same throughout the term of the mortgage, and an adjustable-rate mortgage, where the interest rate… Read More »
Behold the Era of Huge Down Payments
Everyone knows that housing is unaffordable in New York City, but just how unaffordable is it? By most estimates, your housing is affordable if less than one third of your paycheck goes to rent or mortgage payments. The advantages of homeownership are obvious; you spend a hefty portion of your paycheck on housing each… Read More »
New York City Social Club Sues Real Estate Developer for Turning Its New Club Building Into an Eyesore
New York City’s world-famous edifices were built on big dreams, big promises, and a healthy dose of ostentation. Of course, everyone who has spent more than a few days in New York knows that most of it is smoke and mirrors; it feels less like Monopoly and more like Rent. New York always feels… Read More »
Appellate Court Issues Ruling in Years-Long Prescriptive Easement Dispute
One of the reasons that New York City has so much more personality than most places in the United States is that it is not an endless parade of strip malls full of national chain stores. When a British YouTuber took a tour of American fast-food restaurants that he had never seen before, and… Read More »