Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.
*By submitting your email you are agreeing to our Terms & Conditions.
Housing affordability vs. the election and wildfires, CubeSmart makes big buy in Big Apple, Swedish experiment in multigenerational living, and the year that was in multifamily housing.
In Today's News
Because it's time to do this sort of thing, the National Association of Home Builders surveyed registered voters around the country and reports these two takeaways: A larger portion of respondents feels Democrats are more likely to address housing affordability than the GOP and a large majority of respondents are in favor of an additional financial stimulus.
Why it matters: There's more to read here, but the results do point to housing affordability, and the pandemic's effects on the economy has major issues as next Tuesday comes rushing toward us.
The Wall Street Journal [subscription required] reports today that insurance companies are retreating from selling home insurance in wildfire-prone parts of California, making it more difficult and expensive for homeowners in those areas to protect their houses.
Why it matters: Lenders won't provide mortgages for uninsurable houses, adding to the human and economic toll that wildfires are taking in those areas as the conflagrations explode in frequency and size.
CP Executive calls it a blockbuster transaction that will add nearly 800,000 rentable square feet to the big REIT's platform in Queens, Brooklyn, and the Bronx, areas where pandemic-driven moves have driven demand for storage space.
Why it matters: CubeSmart (NYSE: CUBE) is one of a handful of storage real estate investment trusts (REITs) that the public can invest in, and if you think this was a good move, you might jump in.
Today on Millionacres
Why it matters:
Millionacres' Maurie Backman looks at a small Swedish town's experiment with splitting a former retirement home into apartments evenly divided between elderly folks and young adults.
Why it matters: These are unrelated people, not like the multigenerational living we're used to thinking about. It's interesting to consider how this kind of arrangement could work both to provide affordable housing to both groups and to encourage togetherness that combats loneliness.
Millionacres' Brad Cartier kicks off our year-in-review series with a look at how a cataclysmic trip around the sun -- one that isn't quite yet done -- has affected this crucial segment of the housing industry.
Why it matters: Brad not only talks about what has happened, he takes a look ahead through the eyes of a real estate investor.
Got $1,000? The 10 Top Investments We’d Make Right Now
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month.
Find out how you can get started with Real Estate Winners by clicking here.