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Recent Blog Posts

RealEstateSale

Will the National Association of Realtors Settlement Be a Relief to Homeowners, or Just Another Financial Burden?

By Cavallo & Cavallo |

Everyone knows that buying and selling a house usually turns out to be much more expensive than you expected when you first got emotionally attached to a house that you saw listed on Zillow and contacted a real estate agent about it.  Throughout your conversations with loan officers and real estate agents, it seems… Read More »

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CommRealEstate

What’s Going on With CLOs and the Commercial Real Estate Market?

By Cavallo & Cavallo |

Investing in commercial real estate requires you to make long-term plans that depend on factors which, at the time you make your plans, are virtually unknowable.  Case in point, all of those people who invested in shared office space in 2019 had no idea that, in a year’s time, remote work would be the… Read More »

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HouseGavel

Are Multigenerational Households the New American Dream?

By Cavallo & Cavallo |

Homeownership is becoming more unaffordable by the day.  Between the high interest rates and the uncertainty about buyers having to pay real estate agents’ commissions instead of sellers taking responsibility for all the commissions, it is no wonder that most Americans who have never owned a house or condominium despair of ever being able… Read More »

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CommRE

Can Affordable Housing Be Affordable for Landlords, Too?

By Cavallo & Cavallo |

In their worst moments, current landlords and aspiring real estate investors sound like supervillains in a movie where the protagonist’s goal is to stop a run-down New York City tenement building, the only home he has ever known, from being destroyed to make room for a Pilates studio and a dog park.  If you… Read More »

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RealEstateAtty

Understanding the 5 Ds of Real Estate

By Cavallo & Cavallo |

Children of the 80s grew up playing a board game called the Game of Life.  There is probably a phone app version of this game available somewhere, but the young generation does not experience the slow progress of your tiny plastic car across the game board, as it inches through suburbia while filling up… Read More »

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ApartBldg

Tenant Owned Buildings Are Getting Closer to Becoming Reality in New York City

By Cavallo & Cavallo |

The prohibitively high cost of housing in New York is so well known that it has become proverbial.  The only difference is that now the rest of the country is starting to feel New York’s pain.  It has been the case for as long as anyone can remember that only rich people can afford… Read More »

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FinancialFirstAidKit

A Financial First Aid Kit Can Save Your Family Time and Money

By Cavallo & Cavallo |

Whoever creates clickbait related to estate planning must not know the golden rule of estate planning, namely that estate planning is about planning for life, not planning for death.  Content creators can’t seem to resist mentioning the “D” word at every opportunity.  For example, Swedish death cleaning is a great idea, but it is… Read More »

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Planning

Your Plan to Work Until You Are 70 May Backfire

By Cavallo & Cavallo |

Ensuring financial stability during retirement is becoming more difficult for each successive cohort of retirees.  Our income has less purchasing power than our parents’ income did, and employer-provided retirement pensions are getting harder to find.  Today’s workers are lucky if their employers contribute to a retirement count for them at all.  Even having your… Read More »

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AgingParent

Do Boomer Enrichment Centers Count as Aging in Place?

By Cavallo & Cavallo |

When you are rushing to catch the subway to work and reflecting on how much older you are than when you first started this routine, it is easy to think that there are no satisfactory options for retirement.  Conventional wisdom has it that New York retirement can go one of two ways.  Either you… Read More »

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EstPl

How to Build Your Estate Plan When Your Health, Not Your Finances, Determines When You Retire

By Cavallo & Cavallo |

With everything that has happened since you have been in the workforce, it is understandable how you have managed to make it to your 50s without thinking about retirement or estate planning in much detail.  The gray hairs began to appear, followed by friendly brochures from the AARP, but you did not give them… Read More »

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