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‘I’m An Aggressive Buyer’ Of Income Real Estate, Billionaire Says, Anticipating ‘A Lot’ Of Inventory This Year
If you own a home or have been interested in buying one, you are aware of the sizeable U.S. residential real estate downturn. Sales numbers are dropping to their lowest rates since 2020, but interest rates continue to rise to around 5.6%. This scenario doesn’t mean investors should look to another option viewed as less volatile. Take real estate investment trusts (REITs), for example. REITs are not just a platform for investing in residential real estate, offering properties such as retail spaces, large malls, hotels, apartment buildings, office space and hospitals. And though home prices continue to be high, other real estate categories are not as overvalued, potentially shielding investors…
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Bishop Lamor Whitehead Has a Lot of Real Estate. Or Does He?
Photo: Johnny Nunez/Getty Images Bishop Lamor Whitehead, the flashy Canarsie pastor best known for his friendship with Mayor Eric Adams and his bizarre role in the Q train shooter’s surrender, claims he was robbed of $1 million in jewelry during a sermon last week. “When I saw them come into the sanctuary with their guns, I told everybody, ‘Get down,’” Whitehead said in an Instagram video describing the alleged theft. “I didn’t know if they wanted to shoot the church up.” As he tells it, the thieves demanded that Whitehead and his wife turn over all their jewelry, which included a $75,000 Rolex watch, a $75,000 Cavalier watch, a $25,000…
