Keyword: realestate

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  • NY Times pretends it is scandalous Trump reported tax losses during New York’s real estate crash

    05/08/2019 7:28:09 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 05/08/2019 | Thomas Lifson
    The New York Times seems to think it is a scandal that tax losses were reported by Donald Trump when he was running a major real state development company during an epic real estate crash. The Times claims that it legally obtained from unidentified sources “printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994.” It reports: The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment...
  • Trump’s feud with Jerry Nadler rooted in decades-old New York real estate project [barf]

    05/04/2019 7:47:36 PM PDT · by Albion Wilde · 23 replies
    Washington Compost ^ | April 8, 2019 | By Rachael Bade and Josh Dawsey
    Assembling a group of House Republicans at the White House to talk trade last month, President Trump suddenly launched into a tirade about the congressman leading an extensive investigation into his presidency: his New York antagonist, Rep. Jerrold Nadler... [SNIP]... Trump’s jabs at Nadler were a fresh reminder that the animosity between the two native New Yorkers is personal as well as political — rooted in a decades-old fight over a tract of New York City real estate....
  • Mueller issues subpoena to Deutsche Bank in Russia probe

    12/05/2017 12:52:10 PM PST · by Red Badger · 29 replies
    ABC NEWS ^ | Dec 5, 2017, 2:30 PM ET | By Aaron Katersky
    Special counsel Robert Mueller has issued a subpoena to Germany’s largest bank, in a possible sign the investigation into Russian election interference may be expanding toward President Trump’s finances. Mueller sought records from Deutsche Bank, a source familiar with the subpoena told ABC News. Specific requests of the bank were not immediately clear, but ABC News previously reported that Deutsche Bank lent the Trump Organization more than $300 million for real estate transactions before Trump became president. “Deutsche Bank takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter,” a company statement said.
  • County pledges to improve real estate security after man tries to sell house that isn't his

    03/01/2019 5:15:16 AM PST · by rightwingintelligentsia · 10 replies
    WPXI ^ | February 28, 2019
    Allegheny County officials are pledging to improve security with its real estate website after a Penn Hills family said a man sharing the same name was able to change the owner's address. Real estate records show Sylvester Ward bought his house on Vantine Street in 2008. Another man, also named Sylvester Ward, in North Carolina was able to change the owner's address on the property through the county's real estate office. That change allowed the house to be listed for sale on Zillow and other real estate websites, even though the Ward family wasn't interested in selling. "Everything you have...
  • who is buying up home properties with cash???

    01/12/2019 1:45:14 PM PST · by SteveH · 128 replies
    me | 1/12/2019 | me
    i often get us mail flyers offering cash for my home. the people all seem (no exceptions) to be white anglo saxon married couples. i personally know of exactly zero white anglo saxon couples with enough money to buy my home. so who are these white anglo saxon couples with money to burn and who just happen to take interest in buying my home??
  • Bay Area property brokers find angle amid exodus: Brisk business in moving people out of the region

    01/08/2019 9:32:26 AM PST · by ProtectOurFreedom · 34 replies
    Real estate agent Myron Von Raesfeld sold 30 homes in North Carolina in the last six months, making him one of the top agents in the Raleigh-Durham market — from his desk 2,778 miles away in Santa Clara. Von Raesfeld, CEO of Windermere Silicon Valley, is advising homeowners and investors to sell high in California and move their assets outside the state. The payoff: more cash in hand, and a better quality of life. “It’s a great time to sell in California,” he said. “This makes a lot of sense.” Even as the Bay Area real estate market cools, agents...
  • A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes

    12/31/2018 4:54:46 PM PST · by SeekAndFind · 48 replies
    Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country. Soon-to-be-published research will show roughly 22 per cent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said. The nightmare scenario for policymakers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. The latest data, from a survey...
  • Sears may be down to its last 24 hours. Iconic retailer likely liquidates without bid by tomorrow

    12/27/2018 2:49:09 PM PST · by NRx · 228 replies
    CNBC ^ | 12-27-2018 | Lauren Hirsch
    Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces. But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is...
  • The Turkey Trap-Erdogan thinks he can blackmail Trump

    05/08/2017 7:19:51 AM PDT · by SJackson · 12 replies
    Frontpagemagazine ^ | May 8, 2017 | Kenneth R. Timmerman
    Turkish autocrat Recep Tayyip Erdogan is coming to Washington, DC, on May 16 loaded for bear.  He has an ambitious agenda and apparently feels he can achieve it all because he holds “trump” cards against the President of the United States. Erdogan and his proxies have publicly said they want to convince the United States to jettison its budding alliance with the Syrian Democratic Union (PYD) and its armed wing, the People’s Protection Units (YPG), the Kurdish group that has become the tip of the spear in the fight against ISIS in Syria. On this point, they will encounter resistance...
  • EXECS AT MICHAEL BLOOMBERG’S COMPANY EXPECTED TO BE ARRESTED FOR FRAUD

    12/10/2018 4:23:08 PM PST · by bitt · 27 replies
    Daily Caller ^ | 12/10/2018 | Tim Pearce
    The Manhattan district attorney’s office and New York state police are expected to arrest several senior executives in former New York City Mayor Michael Bloomberg’s finance company on fraud charges Tuesday, The New York Times reported. The executives are expected to be a part of a larger arrest of roughly a dozen senior executives spanning several companies involved in New York real estate and development. The district attorney’s office launched a new investigation into New York’s $62 billion construction industry, including the construction and facilities department of Bloomberg L.P., in 2017. Investigators uncovered a pay-to-play scheme in which subcontractors and...
  • Billion-dollar deal: Google pays $1 billion for huge Mountain View California business park

    11/30/2018 3:01:34 PM PST · by ProtectOurFreedom · 17 replies
    Google has paid $1 billion for a huge Mountain View business park, the Bay Area’s largest real estate purchase this year. It is the second-largest property purchase in the U.S. this year, eclipsed only by another Google acquisition, the $2.4 B paid for Chelsea Market in Manhattan. The newly acquired site in Mountain View, where Google has been the primary tenant, is larger than the property that accommodates the company’s Googleplex headquarters a few blocks to the west and also exceeds the size of the parcel across the street where Google is building an iconic “dome” campus that features canopies...
  • San Francisco artist is evicted from his rent control apartment after 34 years

    02/04/2016 6:53:38 PM PST · by artichokegrower · 43 replies
    San Francisco Chronicle ^ | February 4, 2016 | Jim Edwards
    If you're interested in whether rent control makes rent prices go down — and plenty of people think it actually makes them go up — then stop what you're doing and watch this video on San Francisco's real-estate war, by my colleague Andrew Stern. The video features a heartbreaking interview with artist David Brenkus, who has lived in a rent-controlled apartment on Walter Street for 34 years.
  • Trump’s Merit Based Immigration Can Focus on Investment in America,

    11/24/2018 8:48:52 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | November 24, 2018 | Peter Ferrera
    President Trump wants to reform immigration to be based on merit, rather than lotteries, anchor babies, and chains of poor, unskilled, uneducated relatives, all with their hands out asking for public assistance from American taxpayers. Merit means immigration based on what the immigrant can bring to, rather than take from, America. President John F. Kennedy, the last great Democrat, articulated the policy well in his 1961 Inaugural address, when he said, “Ask not what your country can do for you. Ask what you can do for your country.” Trump’s vision is to apply this principle to those who are...
  • De Blasio Fires Investigations Chief, Citing Abuse of Power

    11/19/2018 2:59:26 PM PST · by Kid Shelleen · 13 replies
    NY Times ^ | 11/16/2018 | William K. Rashbaum and William Neuman
    Mayor Bill de Blasio on Friday took the extraordinary step of firing his embattled investigations commissioner, Mark G. Peters, the culmination of a fierce rivalry between the two powerful men. It was a rare and consequential action by a mayor to remove an investigations commissioner: The position is understood to come with a large degree of independence that allows impartial scrutiny of all areas of government, including the executive branch.
  • Manhattan Home Sales Tumble in a Market Clogged With Listings

    10/02/2018 12:32:59 PM PDT · by Ge0ffrey · 36 replies
    Bloomberg ^ | 10/2/18 | Oshrat Carmiel
    “It is somewhat perplexing,” said Garrett Derderian, director of data and reporting for brokerage Stribling & Associates, which also released a report on Manhattan home sales Tuesday. “The financial markets are quite strong. Mortgage rates, while rising, are still at historic lows. But the perception has become that the market is overheating in terms of pricing. No one obviously wants to come in at the top where they’re paying the highest prices as things are going down.”
  • She wouldn't sell home to Trump fans -- now price is $100G lower

    08/25/2018 10:38:07 AM PDT · by Trump20162020 · 64 replies
    Fox News ^ | August 25, 2018 | Bradford Betz
    A California woman’s refusal to sell her family home to a Trump supporter may have cost her more than $100,000. In March the woman placed her Sacramento-area home on the market for $625,000 with one stipulation: The buyer must not be a Trump supporter. She later took the home off the market for reasons that were not clear. But now the two-bedroom, two-bathroom home is being sold for less than $500,000.
  • Dallas City Council Proposing Mandates for Accepting Vouchers and Low Income Tenants

    08/23/2018 7:59:49 PM PDT · by tbw2 · 12 replies
    Your input is needed at the public meetings for the City of Dallas regarding Chapter 27 Ordinance. Attend a meeting on one of the dates listed below! ATTEND A MEETING In preparation to update the Dallas City Council on the implementation of amendments to Chapter 27 - Minimum Property Standards, including the Single Family Rental Registration and Inspection Program, city staff will conduct community meetings to gather feedback from stakeholders. Anticipated participants include property owners, property management companies, tenants, industry associations, and anyone else who wishes to express their views. This feedback will be presented to Council as part of...
  • Existing-home sales tumble to a 2˝-year low as buyers give up

    08/22/2018 5:43:38 PM PDT · by BenLurkin · 62 replies
    marketwtch.com ^ | Aug 22, 2018 10:53 a.m. ET | Andrea Riquier
    Existing-home sales ran at a 5.34 million seasonally-adjusted annual rate in July, down 0.7% versus June, the National Association of Realtors said Wednesday. That was the lowest pace since February 2016... … For years, the Realtors have been warning that many would-be buyers, particularly at the lower end of the market, are being priced out. Now they’re also acknowledging that many others are just deciding to sit it out until market conditions change. … “Three years of exceptionally tight inventory and exceptionally strong price gains are catching up with the market, and are visible both in softer demand from stretched...
  • Zillow, NAR take gloves off in listings fight

    08/04/2018 1:06:02 PM PDT · by AAABEST · 53 replies
    The Real Deal ^ | August 02, 2018 | E.B. Solomont
    “Real estate brokers and agents invest resources into obtaining property listings,” wrote NAR, which counts 1.3 million real estate agents as members. As such, NAR said agents have “rights and responsibilities to control the distribution of their listings.” Any “appropriation of a commercial entity’s data, work product, or intellectual property for exploitation by another commercial entity is not justified,” NAR added. But while Zillow argued for the “democratization” of data, NAR said calls for greater access to MLS data are “based on faulty expectations that unrestricted access to listing data will help consumers.” Instead, NAR said, “forcing brokers to provide...
  • Housing Market Slowing But Not Collapsing

    08/01/2018 9:13:12 AM PDT · by SeekAndFind · 6 replies
    calafia Beach Pundit ^ | 07/31/2018 | Scott Grannis
    I'm seeing a significant increase of late in stories which suggest that the housing market has peaked and could be in trouble. Not everything is rosy, to be sure, but from what I can see, the worst that can be said about the housing market is that it is cooling off. The following charts tell the story: Chart #1 As Chart #1 shows, an index of the prices of homebuilders' stocks is down about 25% since last January. That's a big correction that could easily be the start of a major decline, much as we saw happen in 2006-2009....