Posts Tagged ‘MIAMI’Keepin’ It Real Estate: Rich Get Stuck in Subprime SlimeBy ANDREW JEFFERY This post first appeared on Minyanville. From expansive estates in the Hamptons to mansions on the Malibu cliffs, the rich are watching their vast real-estate wealth evaporate before their eyes. Perhaps no market epitomizes the ultimate surrender of high-end real estate than the island of Manhattan, where housing prices had held relatively stable [...] Keepin’ It Real Estate: What’s My Mortgage Worth?This post first appeared on Minyanville. As the debate rages about whether or not we’re finally approaching a floor in home prices, let’s examine the value of another asset: The mortgage. When considering a home-buying transaction, buyers (and sellers) typically worry most about the value of the house. Lenders, on the other hand, are much [...] |