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We’re entering a brutal new era for the housing market

Housing market turned upside down

With the benefit of hindsight, we now know the exact moment America’s housing market turned upside down.Arif Qazi / Insider

If you don’t already own a home, you’re going to be screwed for years to come

Attempting to time the housing market is a foolish pursuit. Sure, there are heaps of data, forecasts, and market experts who can offer theories on where home prices or borrowing rates are headed. But no amount of tea-leaf reading can spare you from this harsh reality: Homebuying is ultimately a coin toss. If you’re very lucky, you buy a home right before prices

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Journal Club 05-19-23 – Passive Income MD

Here’s Journal Club 05-19-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


  • With all the worrying talks about a looming recession and market uncertainty, does it still make sense to continue investing in real estate? Are you considering purchasing a property but also skeptical about the whole idea and its consequences? Well, in that case, this post is for you… The Physician on FIRE shares more about it in the article – We Bought a House….In This
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Journal Club 05-12-23 – Passive Income MD

Here’s Journal Club 05-12-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


  • Many of us wish to become homeowners someday. And as you probably already know, buying a home is an enormous undertaking in addition to repaying those crushing amounts of student loans. So, if you’ve been thinking about home ownership but wondering how you’ll make this work? The White Coat Investor has helpful tips for you in the article – Building Wealth While Living in an
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Wilt Chamberlain’s LA Mansion Bounces Back Onto the Market With Another Big Price Cut

This notable Los Angeles estate has rebounded onto the market—with yet another price reduction.

Built for basketball legend Wilt Chamberlainthe massive dwelling is taking another shot at attracting a buyer.

The enormous, five-bedroom residence was listed for $19 million in 2018 and bounced back last year for $14.9 million. Now, it has returned at $11,995,000—a 37% discount on the original price.

architect David Rich designed this special retreat for Chamberlain in 1971. But it was remodeled in 2008 by the owner Dmitri Novikovwho souped up the kitchen with stainless appliances and modified the lower level to include guest

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The Most Expensive Home in South Carolina’s History Hits the Market for $22M

Located in Simpsonville, SC, the 16,000-square-foot home sits on a sprawling 54 acres designed for the horse lover.

Dubbed Circle Creek Estate, the massive property features world-class equestrian amenities, including three riding arenas, and a 12-stall barn inspired by Old World Europe.

Patios (Realtor.com)

‘Hand-built from scratch’

Built in 2014, the six-bedroom estate was designed to resemble an English manor. And while the stone home’s price tag is the steepest in the state, “the cost to recreate this property today would be north of $30 million,” according to the listing.

In fact, many of the building materials were eclectically sourced.

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Plane crash victims known for good works in Hamilton County

A private plane crash in Florida claimed the lives of two Hamilton County married couples widely known for their religious faith, civic engagement and business acumen.

The accident in the Gulf of Mexico near Venice killed William Lumpkin, 64, and Patricia Lumpkin, 68, of Fishers; and Ricky Beaver, 60, and Elizabeth Beaver, 57, of Noblesville, according to the Venice Police Department.

About the Venice plane crash victims

Ricky Beaver comes from a family with life-time ties in Noblesville’s business and political community. He owns Beaver Construction in Noblesville and is the cousin of Chris Beaver, owner of Beaver Materials in