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Interest Rates Are Not What You Think

Math and Emotion For the first time in four years, the Federal Reserve increased its target interest rate in March. Though this was widely expected, the drama was intense. Former Home Depot CEO Bob Nardelli said that the rate hike will have a “devastating...

Imagination is the Enemy

Because imagining is often fun, we like to think that it doesn’t require work. However, imagination involves a lot of effort. Use your imagination right now to see yourself looking through listings on a real estate app; imagine going through each listing and...

Don’t Update Your Kitchen

Many people rush to update their kitchen when buying a new home. Though it can be tempting to rip everything out and start anew, it might be a terrible idea. According to the site Remodeling, the national average for a significant kitchen remodel over the last year...

Air Space Condominium Ownership

Most condominium ownership is structured around the concept of air space. This means that the building, walls, and common areas are owned communally by all owners through the homeowners association (HOA). Thus, the individual condominium owner only controls the air...

Reinforced vs. Unreinforced Masonry

Unreinforced masonry is stone, brick, or cement construction that supports itself, without any other framing to add strength and reinforcement. For example, a building made of only bricks, mortar, and poured cement without any steel or wood frame for support, is...

Property Servitude

Property servitude is not what it may sound like; it does not involve servants. Servitude in this context refers to someone having control over a property they do not own. That is, the property is owned by one party, but a different party has control over that...