Mindblown: a blog about philosophy.
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How To Get Out Of A Reverse Mortgage
To exit a reverse mortgage, consider these five options: 1. **Right of Rescission**: Cancel the loan within 3 days of closing without penalty. 2. **Sell the House**: Use sale proceeds to pay off the loan; any excess remains with you. 3. **Pay It Back**: Repay the loan using personal funds, either in a lump sum…
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Happy Holidays
The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of the winter was behind them, and they could look forward to longer days and extended hours of sunlight.Popular modern customs include gift-giving and the display of various holiday decorations.Here's wishing…
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Miami Rents Drop Slightly, Still Nationally Expensive
Slide 1: Miami renters face high costs, with median rent at $3,000 citywide in 2025. Slide 2: One-bedroom rents dropped 3.8% year-over-year, now averaging $2,500 across the metro. Slide 3: Two-bedroom units also fell 3.6%, with median prices at $3,230 in Miami. Slide 4: Luxury neighborhoods defy trends: Brickell hits $4,200. Slide 5: Downtown Miami…
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Miami Homeowners Stand Strong as Rates Fall
Miami has the highest share of outright owners at 44.8%, meaning fewer residents rely on mortgages to buy homes. As a result, falling mortgage rates may have a smaller overall impact on market activity, although some buyers will still benefit.
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Las viviendas nuevas cierran la brecha de precios en 2025
Las viviendas de nueva construcción se están volviendo más competitivas frente a las existentes, ya que la prima de precio alcanza un mínimo histórico. Los constructores ofrecen incentivos como reducción de tasas hipotecarias y anticipos más bajos, lo que hace que las viviendas nuevas sean más accesibles, con cuotas mensuales similares a las de viviendas…
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Will Miami Absorb New Multifamily Units?
High supply moderates rent increases despite population and job growth. Multifamily remains attractive for long-term investors seeking stability. Value-add opportunities exist where demand exceeds local inventory. Migration from expensive primary markets supports rental absorption. Short-term rent growth likely modest, long-term fundamentals strong.
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2026 Miami Housing Market Forecast Strong
Miami home sales forecasted to increase with declining prices. Lower mortgage rates expected to accelerate 2026 transactions. Retirees and high-end buyers projected to drive demand. New housing developments will support market absorption. Miami market poised for growth amid rising relocation interest.
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¿Ha tocado fondo el mercado inmobiliario de Florida? Tasas hipotecarias más bajas son clave
El mercado residencial del sur de Florida mostró señales de recuperación en septiembre, con un aumento en las ventas de condominios y viviendas unifamiliares, el primer incremento en más de dos años. Las ventas de condominios subieron notablemente en los condados de Palm Beach, Miami-Dade y Broward, acompañadas de un alza en los precios medianos.…
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Navigating the Mortgage Process
Buying a home involves several key steps in the mortgage process, especially for first-time buyers. Start by evaluating your finances, including your credit score and debt-to-income ratio. Obtain pre-approval from a lender, then search for homes within your budget. After making an offer and having it accepted, complete a loan application. The lender will underwrite…
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Florida Housing Market Trends: 4 Cities Turn Buyer-Friendly in 2025
Florida's housing market has shifted to favor buyers in 2025, with Miami, Orlando, Jacksonville, and Tampa all showing over six months of housing supply. Inventory surged by 143% since 2023, leading to longer listing times and more price reductions. This balanced market offers buyers more options, less competition, and better negotiation power, marking a welcome…
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