Readers will immediately recognize the name of real estate shill, Warren Boroson..
If not, please read this older post:
Warren blessed us with another real estate gem this past week:
I was a bit upset about the bubble references in this piece, so I decided to do a bit more digging on Mr. Boroson’s real estate holdings (he is, afterall, a renowned real estate author and investor).
So I searched the Bergen county tax records database, which turned up nothing. Interesting, since his website has him living in Hackensack, NJ. I did some more sleuthing and found this article:
Who else might want to seize the opportunity to take profits? Anyone with more house than they really need. Warren and Rebecca Boroson bought their Glen Rock, N.J., home 29 years ago for $69,900 and raised their two sons there. But now, says Warren, “our children are grown and out of the house. We had four bedrooms, which is three more to mess up than we needed.” Last year the Borosons sold for $579,000 and moved to a high-rise apartment in Hackensack, N.J., with a doorman and a swimming pool.
“We sold mainly to lock in the profit,” Warren says. “It was a little faster than we’d planned. But if you’re planning to sell in a few years, you might as well do it now while you’re sure the market is still good.”
Warren writes a financial column for the Morris County, N.J., Daily Record that is syndicated nationwide. With an eye on retirement (he’s 69), he invested his cashed-out home equity in a laddered portfolio of bonds.
Are you kidding me? You’ve got to be kidding me? This shill is one of the biggest real estate cheerleaders in North Jersey, but he himself has since sold his home and now rents an apartment? Is anyone here as outraged as I am about this? He continually writes pieces that read like real estate advertisements, but he himself has realized that the market was overpriced and has “cashed out”.
I can’t believe his trash is peddled to the public as journalism.