Keyword: realestate

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  • Inside the mysterious lot of land Donald Trump owns in Florida's swamplands

    06/25/2017 11:32:13 PM PDT · by 2ndDivisionVet · 66 replies
    The Manchester Guardian ^ | June 25, 2017 | Richard Luscombe in Sebring, Florida
    Amid the gilded tower blocks, luxury hotels and high-end golf clubs of Donald Trump’s vast global property portfolio is a much smaller holding that looks more than a little out of place. It’s a quarter-acre lot of overgrown woodland in one of Florida’s poorest counties that the US president has owned and paid property taxes on since 2005 – having bought it for $1 from a woman who owned a photographic studio specialising in adult lingerie shoots. The plot brings in no income, has no roads, pavement or immediate prospect for development, and provides an environment that is friendly only...
  • Glen Ridge, N.J.: Neighborly and Close to Midtown

    06/07/2017 8:32:54 PM PDT · by GuavaCheesePuff · 19 replies
    The New York Times ^ | November 16, 2016 | Dave Caldwell
    When Becky and David Middleton, both 41, needed more space for their family of four children, ages 6 to 11, they moved just 10 blocks, paying $840,000 last April for an 1887 Victorian farmhouse with five bedrooms in Glen Ridge, N.J. A kitchen and bathroom renovation is underway. They have lived for 16 years in the 1.5-square-mile Essex County borough of around 7,500 with vintage homes and gaslit streets, wedged between the busier suburbs of Montclair and Bloomfield, and bordering the city of East Orange to the south.
  • The Love for One Orange (South Orange)

    05/02/2017 5:14:21 PM PDT · by GuavaCheesePuff · 7 replies
    New York Times ^ | September 18, 2011 | Jill P. Capuzzo
    WHEN asked what they like best about living in South Orange, residents almost invariably cite three attributes: the rich and varied architecture, the demographic diversity, and the easy commute into Manhattan. The latter two have a lot to do with the fact that New York City is the point of origin for a high percentage of South Orange’s residents. “It’s like getting a city, with a backyard,” said Cherre Schwartz of Weichert Realtors in Maplewood, noting that most of her clients come from New York or the more urban parts of North Jersey, and that many work in the
  • david geffen sells carbon beach home malibu record $85 million

    05/01/2017 7:40:16 PM PDT · by SteveH · 9 replies
    hollywood reporter ^ | 5/1/2017 | peter kiefer
    The music mogul had hoped to net $100 million for the property, which has several structures, a swimming pool and spa, a theater, a gym and an outdoor living room with fireplace.
  • Canada's Subprime Lenders Collapse; Has The Bubble Popped?

    05/01/2017 8:29:47 AM PDT · by SeekAndFind · 5 replies
    Seeking Alpha ^ | 05/01/2017 | Ian Bezek
    Summary Home Capital plunged as much as 60% last week.Equitable Group fell around 40% in sympathy.Home prices appear to have topped in Vancouver.Has the long-running Canadian housing bubble finally started to pop?What happens with the big five banks? It's long been argued that Canada's housing market is immune to normal financial rules, such as debt/income ratios. Given that Canada is a relatively small country, and there had been (at least in theory) a ton of foreign capital wanting to invest, there was supposedly near-infinite demand for Canadian housing in its big cities.This foreign money theory has come under scrutiny. 2016...
  • Marcus Hiles - Develops Dog-Friendly Luxury Communities with Upmarket Pet Features

    04/30/2017 9:52:43 PM PDT · by 2ndDivisionVet · 13 replies
    Yahoo! Finance ^ | April 30, 2017 | Accesswire
    DALLAS, TX / ACCESSWIRE / April 30, 2017 / Understanding the importance of pets in today's marketplace and anticipating market demand, real estate developer and philanthropist Marcus Hiles emerged as an early adopter of pampering amenities for domestic animals, building them into upscale communities designed and created by his Dallas-based firm, Western Rim Property Services. Hiles sees the trend continuing well into the future. Solid numbers reinforce the growing demand for acceptance of canines and felines, illustrated by a March 15, 2012 Adweek article posting 2010 census numbers, counting 43 million households with four-footed roommates, but only 38 million households...
  • King: Imam behind Ground Zero-area mosque 'blackmailing' U.S. on project

    09/12/2010 10:10:42 AM PDT · by Qbert · 22 replies
    The Hill ^ | 9/11/2010 | Bridget Johnson
    The ranking member on the House Homeland Security Committee accused the imam behind the mosque project near Ground Zero of arm-twisting and "blackmailing" to push Park51 through. "To me, it's almost as if he's blackmailing and threatening the United States that somehow if the mosque is not approved or people speak out against his mosque, you have to worry about being attacked by Islamic terrorists," Rep. Peter King (R-N.Y.) said of Imam Feisal Abdul Rauf on Fox Business Network on Friday. King said that the Islamic center was being "put their to make a statement, not to build bridges, but...
  • Immigrants Key to Homeownership Growth

    04/20/2017 3:46:17 PM PDT · by smokingfrog · 30 replies
    Realtor Mag ^ | April 12, 2017 | Robert Krueger
    Foreign-born residents will have a "significant impact" on the housing market according to "Housing in America: Immigrants and Housing Demand," released by the Urban Land Institute's Terwilliger Center for Housing. The report also notes that if the current levels aren't sustained, the industry could suffer. "Immigrants have helped stabilize and strengthen the housing market throughout the recovery," says Stockton Williams, executive director of the Terwilliger Center. "Immigrants' housing purchasing power and preferences are significant economic assets for metropolitan regions across the country. This suggests the potential for much more growth attributable to foreign-born residents in the years ahead." Immigrants in...
  • Are Homes Still Affordable? If You Have A College Degree And Little Debt, Maybe Not

    04/13/2017 1:32:06 PM PDT · by SeekAndFind · 36 replies
    International Business Times ^ | 04/13/2017 | BY LYDIA O'NEAL
    While 86 percent of Americans between the ages of 18 and 24 see owning a house as more affordable than renting —and 68 percent view their first house as a "stepping stone" to a dream home — just one in five think they can make a down payment, according to a new report released Wednesday by Bank of America. (The bank, it should be noted, made an unusually low $960 million in consumer mortgage banking income last year.) Millennials, the generation that last year, for the first time in the modern era, became more likely to live with their parents...
  • Toronto’s Real Estate Market: Is This The Worst Ever Real Estate Bubble In History

    04/10/2017 6:07:40 PM PDT · by davikkm · 16 replies
    IWB ^ | Umar Farooq
    For homeowners the great, big, unanswered question is whether or not the Canadian real estate market will finally crash in 2017. Turns out, all reports and analysis lean towards a flattening out of property prices in most Canadian markets, with some areas of the country experiencing a decline in both sales activity and prices, as other areas continue to experience price gains, albeit at a much slower pace than we’ve seen in recent years. “Doug Porter, chief economist for the Bank of Montreal, used the “bubble” word recently in describing the housing market in the Greater Toronto Area. He said...
  • Firm behind "Dossier" Joined Lobbying Effort to Kill Pro-Whistleblower Sanctions on Kremlin

    04/04/2017 9:15:46 PM PDT · by Brad from Tennessee · 4 replies
    Senator Chuck Grassley ^ | March 31, 2017
    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley is asking whether a suspected former Russian intelligence officer-turned U.S. lobbyist and the firm behind the unsubstantiated anti-Trump dossier should have registered as foreign agents for their efforts to bring down a U.S. law on behalf of the Kremlin. According to a complaint filed with the Justice Department, Fusion GPS, which was also involved in the creation of the unsubstantiated dossier alleging collusion between the Trump campaign and the Russians, was involved in the pro-Russia campaign to kill the Global Magnitsky Act around the same time. In 2012, President Obama signed into...
  • New York City Retail Vacancies Soar Prompting Massive Rent Concessions

    03/28/2017 11:56:09 AM PDT · by SeekAndFind · 20 replies
    Zero Hedge ^ | 03/28/2017
    It used to be that taking a 10-minute walk around SoHo meant passing by at least a dozen upstart, trendy fashion retailers eager to sell you a $500 hoodie or $1,000 pair of sneakers.  But these days you're much more likely to see a whole bunch of this: As Bloomberg points out this morning, in the wake of Manhattan's retail drought, commercial landlords, who have seen retail occupancy levels plummet over the past 12 months, are doing everything possible to avoid big price cuts.  Instead, like residential landlords, commercial real estate owners are providing massive rent concessions through things like...
  • Sen. Chuck Schumer's "Race-Card" Backfires! (Flashback 2006)

    Larry Elder reads from a 2006 article in The American Spectator entitled, "Race to the Top" (http://tinyurl.com/gn88j7m). In the article we find out some interesting sides to the new Senate Minority Leader. And I am sure this info will become much more public now that the words of Sen. Schumer (D-NY) are in the troposphere.
  • Trump's budget doesn't care about propping up DC home prices

    03/16/2017 2:06:57 PM PDT · by kevcol · 20 replies
    The Washington Examiner ^ | March 16, 2017 | Pete Kasperowicz
    "The president of the United States, he represents the District of Columbia, northern Virginia and southern Maryland, but he also represents the rest of the country," Mulvaney said on a call to outline the budget plan. "And I can assure you that we did not write this budget with an eye toward what it would do to the value of your condo," he said. That was Mulvaney's response when he was asked about reports warning of the budget's possible downward effect on home prices.
  • Clinton Foundation Tied to Hezbollah

    08/29/2016 9:40:25 AM PDT · by Velveeta · 22 replies
    Lifezette ^ | 8/28/2016 | Kathryn Blackhurst
    Hillary Clinton’s rendezvous with scandals during her tenure as Secretary of State has refused to subside yet again – this time linking her and the Clinton Foundation to a donor who allegedly has ties to Hezbollah. When the latest batch of emails sent and received from Clinton’s private email server were released this month, the Democratic presidential nominee faced backlash as they were compared with the portions of her daily schedules released from her time as Secretary of State. A report from the Associated Press found that more than half of Clinton’s meetings or phone calls with government outsiders were...
  • State Department sought land deal with Nigerian firm tied to Clinton Foundation

    08/17/2016 7:17:34 AM PDT · by bobsunshine · 26 replies
    Fox News ^ | August 17, 2016 | James Rosen
    Shortly after Hillary Clinton left the Obama administration, the State Department quietly took steps to purchase real estate in Nigeria from a firm whose parent company is owned by a major donor to the Clinton Foundation, records obtained by Fox News show. On March 20, 2013, William P. Franklin, an “international realty specialist” at the State Department, emailed Mary E. Davis, an American diplomat stationed in Africa, instructing her to “put on Post letterhead” an “expression of interest” by the department in purchasing property at Eko Atlantic, a massive real estate development off the coast of Lagos. Franklin further instructed...
  • To keep their artists, cities explore affordable housing

    02/26/2017 4:28:20 PM PST · by 2ndDivisionVet · 24 replies
    The Watertown Daily Times ^ | February 26, 2017 | Stateline.org
    NEW ORLEANS — At 75, Deacon John Moore considers himself one of the lucky ones: The scion of three generations of music-making Creoles, he’s been able to sustain himself with his guitar, raise a family, buy a house. Most other musicians here, he says, aren’t so fortunate. He’s tooling around the streets of Treme — one of the nation’s oldest black neighborhoods and the birthplace of jazz — in his ancient Volvo, pointing out all the gentrified houses, the ones with the jacked up rents. Everybody wants to live here now, he said. New Orleans is enjoying a renaissance 12...
  • Trump Adm. Moves to Reduce Chances for Real Estate Meltdown

    01/28/2017 6:44:52 PM PST · by VitacoreVision · 31 replies
    The New American ^ | 28 January 2017 | Steve Byas
    “What a terrible thing to do to American homeowners,” Senator Chuck Schumer (D-N.Y.) said in reaction to the Trump administration’s reversal of a last-minute action by outgoing Obama administration on the FHA home mortgage insurance rate.“In one of his first acts as president, President Trump made it harder for Americans to afford a mortgage by reversing a recent decision by the Department of Housing and Urban Development to reduce annual insurance premiums that many borrowers pay,” Schumer complained.William E. Brown, president of the National Association of Realtors (NAR), was also upset at the Trump administration’s action. “According to our estimates,...
  • Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a "Tax Increase"

    01/26/2017 10:11:06 AM PST · by VitacoreVision · 23 replies
    Mises Institute ^ | 26 January 2017 | Ryan McMaken
    <p>Among the many new directives and executive orders already issued by the Trump administration is a little-noticed order to halt a scheduled cut in mortgage insurance fees levied by the FHA.</p> <p>Earlier in January, the Obama administration announced it would cut the FHA's insurance premium by a quarter of a percentage point to 0.60 percent, effective on Jan. 27.</p>
  • Body found burned in River North identified as veteran real estate attorney

    01/19/2017 4:28:56 PM PST · by Brad from Tennessee · 36 replies
    Chicago Tribune ^ | January 19, 2017 | By Rosemary Regina Sobol
    A badly burned body found on the floor of a River North parking garage early Tuesday has been identified as a 60-year-old real estate attorney, officials said. Louis S. Cohen, 60, was of the 200 block of Ivy Lane in Highland Park, according to the Cook County medical examiner’s office. An autopsy Wednesday was pending and did not determine a cause and manner for Cohen’s death, the office said. Just before 6 a.m. Tuesday, police and fire crews responded to a fire in the 11th floor of a parking garage in the 300 block of North LaSalle Drive and found...