Mortgage & Real Estate

Conspiracy Using Eminent Domain To Condemn Mortgages

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The New York Times has an interesting article describing one California city’s plan to use eminent domain to condemn and restructure mortgages [HT: numerous readers who have written me requesting that I do a post about this issue]: The power of eminent domain has traditionally worked against homeowners, who can be forced to sell their property to make way for a new highway or shopping mall.

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Real Estate Licensing Laws Are Criminal Conspiracy Created By And For The Benefit Of A Cartel

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When I walk into a supermarket, the first thing I look at are the floors. If they aren’t buffed to a blinding glow, I walk right back out. Why? Because if the manager isn’t staying on top of the floor maintenance, he isn’t staying on top of anything else, either. Without doubt, I am “protected” by vast armies of federal, state and local food cops, but it turns out that they are not willing to get food poisoning in my place. If I fail to guard my own self-interest, the courts might make me (or my heirs) whole — after-the-fact. But nothing can protect me if I won’t protect myself.

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The US Government Continues To Bail Out Mortgage Lenders Using GSE's

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The news has been slow for a couple of days. The stock market did a frantic dive and recovery. Mortgage interest rates hit a new low for this year. So let’s visit an economic conspiracy theory. The United States government continues to bail out banks as a matter of policy using GSEs.

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Is There A Conspiracy In The Real Estate Business?

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We hear it time and time again from FSBO sellers – why should I rely on a real estate agent to sell my home when I am perfectly capable myself? You likely hear similar questions about the real estate agents’ roles in the selling and buying processes. Apparently, researchers are trying to put a science to the question and others like it that promote large-scale changes in the way that real estate transactions are done today. Namely, the commissions that brokers and agents receive as a result. And the answer from the industry is always the same: That only an expert in real estate can make the process go smoothly and successfully.

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The Conspiracy To Evict You From Your Affordable Apartment

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Ah, Brooklyn, the slice of gentrifying urban America where you can buy a pork slider inside a donut, browse distinct specialty stores for artisanal mayonnaise, terrariums, and beard grooming products, and pay an average price of $2,682 for a one-bedroom apartment. But many Brooklynites lived there before the mayo emporiums and donut sliders. Their apartments might be slightly more affordable. This isn't good for landlords, who know they could make more money renting to a wealthier newcomer at a higher rate.

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