reborn renter n.— «In addition to prospective buyers who are waiting it out, there also is the “reborn renter,” a term used to describe people who have lost their house to foreclosure and are now back on the rental market...
surf-pod n.— «Chintzy hotels are being turned into trendy apart-hotels—flats with hotel services—while tired guest houses are being converted into studio flats, or surf-pods, as the developers call them.» —“Building bonanza for...
bash and build n.— «Financially speaking, there are far worse fates for a homeowner than to be the neighbor of a “bash and build.” Love them or hate them, teardowns generally bolster the resale prices of their neighbors.» —“The Heart...
scratch and dent loan n.— «A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for...
flex-space n.— «Flex-space, a term used to describe buildings with commercial space on the ground floor and residential space on upper floors, would be used by both developers.» —“Developers vie for Vandaveer...
pixie money n.— «Heard a new phrase recently: “Pixie money.” This, it was explained to me, is money that doesn’t really exist. For example, you could sell your Regina bungalow for $50,000 or $100,000 more than you paid for it...