Free Republic

Radio personality Dave Ramsey has been called out online for delivering out-of-touch real estate advice to homebuyers. “Is it even possible to follow Dave Ramsey’s advice on a mortgage?” one person asked on Reddit — and their skepticism makes sense when you do the math. The ideal way to buy a home, according to Ramsey Solutions, the finance guru’s website, is to buy it outright in cash. But if you’re not sitting on a mountain of money, Ramsey Solutions says the only home loan you should consider is a conventional, fixed-rate mortgage with a 15-year (or less) term. Your monthly...

Troubles of Brookfield DTLA show how some office-sector bets are starting to unravel ... A major Los Angeles office owner operated by Brookfield Asset Management is struggling to make mortgage payments as vacancies and rising interest rates disrupt the city’s commercial real-estate market. The company, known as Brookfield DTLA Fund Office Trust Investor Inc., owns six Los Angeles office buildings and a retail center. Five of the office buildings face the risk of foreclosure, according to its public filings, and at least two of its mortgages are in default. The company on April 21 filed to delist from the New...

Rep. Ilhan Omar (D-Minn.) on Thursday introduced for the second time a bill that would guarantee full payment forgiveness on rent and home mortgage payments throughout the coronavirus pandemic. Under the bill, titled the Rent and Mortgage Cancellation Act, there would be no accumulation of debt for renters or homeowners, as well as no negative impact on a person's credit rating or rental history. The legislation also calls on the Department of Housing and Urban Development to establish and oversee a "Landlord Relief Fund," to cover any losses landlords would receive as a result of the payment cancellations. Omar, under...