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On the 13th, the Federal Reserve announced that they would continue buying Mortgage-Backed Securities in the amount of $40 BILLION per month. This policy apparently will be in place for some time to come. This policy directly impacts development, the condo market in NYC, and what’s available to buyers in terms of mortgage rates. WithoutRead more

I was speaking to a French investor today about some of the different taxes in France, and some of the ways investors handle renters, different ideas floating around, what have you. Apparently there is a proposal to make it illegal to raise the rent when a new tenant is found for an apartment. That soundsRead more