Mortgage rates CHARGE UPWARD to 7% causing housing market to CRUMBLE
Live Your Life in Austin Texas
789 subscribers
115 views Streamed live on Feb 17, 2023
The latest news of rising interest rates pushing towards 7% has obliterated an already weak housing market. Join me on my live weekly market report where I review the latest data and predictions of what’s to come for the Spring Housing Market of 2023.
The second 15:34 video:
McBain’s Boise Market Update for February
Stacy A McBain
Feb 17, 2023 BOISE
Stacy McBain of Swope Investment Properties addresses the current state of the shifting multifamily and residential real estate market, as well as the rental market.
The third 11:24 video:
Nashville’s Rent Disaster | Housing Market Update
Ethan Flynn, CPA | Real Estate
Feb 18, 2023 NASHVILLE
This is a Data centric Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
California Spent $10 Billion Over Three Years to Help 571,000 Homeless People
The state has spent nearly $10 billion and provided services to more than 571,000 people, each year helping more people than the last.
And despite all that, at the end of year three, the majority of those more than half a million Californians still didn’t end up with a roof over their heads. The number of unsheltered Californians continues to swell.
An Orange County man who fraudulently obtained $5 million in pandemic relief loans and then spent the money on lavish vacations, luxury sports cars and his own personal expenses was sentenced Friday to 4½ years in prison, federal prosecutors said.
Mustafa Qadiri, 42, of Irvine, had obtained the funds by submitting loan applications to the federal Paycheck Protection Program, which Congress created in March 2020 to provide emergency aid to small businesses struggling to survive amid COVID-19 related shutdowns and other business interruptions.
The loans were designed to prevent employee layoffs, and recipients were authorized to use the funds on payroll, rent or mortgage payments or utilities, but not on personal expenses.
Qadiri filed the applications in May and June of 2020 on behalf of four separate Newport Beach companies, none of which were actually in operation at the time, federal prosecutors said. Among other deceptions, he lied about the companies’ employee numbers, falsified bank balances and created fake tax returns, officials said.
Then, money in hand, he started his personal spending spree — including by purchasing Ferrari, Bentley and Lamborghini sports cars, federal officials said.
From the first 14 minute video:
Mortgage rates CHARGE UPWARD to 7% causing housing market to CRUMBLE
Live Your Life in Austin Texas
789 subscribers
115 views Streamed live on Feb 17, 2023
The latest news of rising interest rates pushing towards 7% has obliterated an already weak housing market. Join me on my live weekly market report where I review the latest data and predictions of what’s to come for the Spring Housing Market of 2023.
The second 15:34 video:
McBain’s Boise Market Update for February
Stacy A McBain
Feb 17, 2023 BOISE
Stacy McBain of Swope Investment Properties addresses the current state of the shifting multifamily and residential real estate market, as well as the rental market.
The third 11:24 video:
Nashville’s Rent Disaster | Housing Market Update
Ethan Flynn, CPA | Real Estate
Feb 18, 2023 NASHVILLE
This is a Data centric Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
California Spent $10 Billion Over Three Years to Help 571,000 Homeless People
The state has spent nearly $10 billion and provided services to more than 571,000 people, each year helping more people than the last.
And despite all that, at the end of year three, the majority of those more than half a million Californians still didn’t end up with a roof over their heads. The number of unsheltered Californians continues to swell.
https://www.msn.com/en-us/news/other/report-california-spent-10-billion-over-three-years-to-help-571-000-homeless-people/ar-AA17Ew84
An Orange County man who fraudulently obtained $5 million in pandemic relief loans and then spent the money on lavish vacations, luxury sports cars and his own personal expenses was sentenced Friday to 4½ years in prison, federal prosecutors said.
Mustafa Qadiri, 42, of Irvine, had obtained the funds by submitting loan applications to the federal Paycheck Protection Program, which Congress created in March 2020 to provide emergency aid to small businesses struggling to survive amid COVID-19 related shutdowns and other business interruptions.
The loans were designed to prevent employee layoffs, and recipients were authorized to use the funds on payroll, rent or mortgage payments or utilities, but not on personal expenses.
Qadiri filed the applications in May and June of 2020 on behalf of four separate Newport Beach companies, none of which were actually in operation at the time, federal prosecutors said. Among other deceptions, he lied about the companies’ employee numbers, falsified bank balances and created fake tax returns, officials said.
Then, money in hand, he started his personal spending spree — including by purchasing Ferrari, Bentley and Lamborghini sports cars, federal officials said.
https://www.latimes.com/california/story/2023-02-18/orange-county-man-who-bought-luxury-cars-with-covid-relief-funds-sentenced-to-prison
A argument can be made that every pandemic loan was a fraud.
𝗕𝗼𝘂𝗹𝗱𝗲𝗿, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟰% 𝗬𝗢𝗬 𝗔𝘀 𝗗𝗲𝗻𝘃𝗲𝗿 𝗔𝗿𝗲𝗮 𝗦𝗲𝗹𝗹𝗲𝗿𝘀 𝗕𝗲𝗴 𝗙𝗼𝗿 𝗢𝗳𝗳𝗲𝗿𝘀
https://www.movoto.com/co/80301/market-trends/
𝘈𝘴 𝘰𝘯𝘦 𝘋𝘦𝘯𝘷𝘦𝘳 𝘣𝘳𝘰𝘬𝘦𝘳 𝘤𝘰𝘯𝘤𝘦𝘥𝘦𝘥, “𝘐𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘢 𝘣𝘶𝘺𝘦𝘳, 𝘵𝘩𝘦 𝘣𝘳𝘰𝘬𝘦𝘳 𝘪𝘴 𝘭𝘺𝘪𝘯𝘨 𝘵𝘰 𝘺𝘰𝘶. 𝘐 𝘬𝘯𝘰𝘸 𝘢 𝘭𝘪𝘢𝘳 𝘸𝘩𝘦𝘯 𝘐 𝘩𝘦𝘢𝘳 𝘰𝘯𝘦. 𝘐’𝘷𝘦 𝘣𝘦𝘦𝘯 𝘭𝘺𝘪𝘯𝘨 𝘮𝘺 𝘦𝘯𝘵𝘪𝘳𝘦 𝘭𝘪𝘧𝘦.”