The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum, so many are looking at alternative financing through land contracts, which can be particularly predatory. While it can be a potential path toward homeownership, assistant professor Eric Seymour says land contracts are particularly attractive for unscrupulous property dealers because rather than offering a property as a rental – which puts the property owner on the hook for maintenance and repairs – a land contract puts all the responsibilities on the buyer.
NJSPL: New Jersey Policy Priorities Survey Results
By Angie Nga Le Between October 7 and November 14, 2024, the New Jersey State Policy Lab conducted a brief survey to gain insights into emerging issues and policy priorities in New Jersey. The survey aimed to inform the Policy Lab’s strategic research planning,...
