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Rent Increases and Decreases: What is Rent Control?

Rent Increases and Decreases: What is Rent Control?

The average monthly rent of apartments in Florida has increased substantially in the past year. As of September 2021, the average rent of a two-bedroom apartment in Florida cost 1,670 U.S. dollars, which was an increase of approximately 350 U.S. dollars from September 2020. What is Rent Control? Rent control is a system of rent… Continue reading Rent Increases and Decreases: What is Rent Control?

What is a Real Estate Bubble?

A real estate bubble is an economic condition where housing prices significantly increase over a short period of time and then drop just as quickly. This usually happens when there is more demand for housing than there is available supply, causing prices to rise to unsustainable levels. Bubbles typically occur in markets where there is high demand… Continue reading What is a Real Estate Bubble?

Property Taxes 101

Property taxes are just one of the many types of taxes that Americans have to pay. Other common taxes include: Income taxes Sales taxes Payroll taxes States also collect taxes, and some states have no personal income tax at all. This means that their residents only have to pay property taxes and other state-level taxes. If… Continue reading Property Taxes 101

Title Insurance vs Homeowners Insurance

Homeowners insurance is insurance that covers a homeowner in the event of damage to their property. Title insurance is insurance that protects the lender or buyer in the event that the title to the property is not valid. Homeowners insurance does not cover the title to the property, and title insurance does not cover damage to the… Continue reading Title Insurance vs Homeowners Insurance