Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $76,948
87%  
Woo hoo!! And now over 87%!! Less than $11.1k to go!! Let's git 'er done!! Thank you all very much!!

Keyword: realestate

Brevity: Headers | « Text »
  • The Chinese super-rich are about to flood the US real-estate market

    08/30/2015 6:58:19 AM PDT · by SeekAndFind · 53 replies
    Business Insider ^ | 08/30/2015 | Lucinda Shen
    After yet another drop in the Shanghai stock market and Hang Seng index on August 6, Daniel Chang heard his cell phone ping. The real-estate agent was on a business trip in Shanghai, and he was mid-bite during a dinner when he saw his phone light up from a message on his app, WeChat. It was a Chinese client concerned over a $6 million property she was about to buy in New York City. She was visiting New York at the time. "I don't know if I can do this," she told him over voicemail. "I might have to back...
  • Donald Trump’s Eminent Domain Love Nearly Cost a Widow Her House

    08/22/2015 5:25:55 PM PDT · by SeekAndFind · 157 replies
    CATO INSTITUTE ^ | 08/19/2015 | By David Boaz
    Since he shot to the top of the presidential polls, Donald Trump’s serial bankruptcies and bullying nature have made big headlines. But no one seems to have brought up a bullying business practice he’s particularly fond of: eminent domain.The billionaire mogul-turned-reality TV celebrity, who says he wants to work on behalf of “the silent majority,” has had no compunction about benefiting from the coercive power of the state to kick innocent Americans out of their homes.For more than 30 years Vera Coking lived in a three-story house just off the Boardwalk in Atlantic City. Donald Trump built his 22-story Trump...
  • Donald Trump and Eminent Domain [Revisiting Trump's support of the Supreme Court's Kelo decision]

    08/09/2015 7:15:46 PM PDT · by SeekAndFind · 211 replies
    National Review ^ | 04/19/2011 | Robert VerBruggen
    In a free market, there’s a pretty simple process for dealing with the situation that arises when one person covets another’s belongings: The coveter makes an offer to purchase them. If the offer is rebuffed, the coveter can make a new proposal, but he cannot simply take what he wants. It’s an effective way of recognizing the impracticality of the Tenth Commandment while enforcing the Eighth. Donald Trump’s covetous nature is not in dispute, but what many may forget is that he’s no great respecter of the admonition not to steal, either: The man has a track record of using...
  • Chinese buyers feed new energy into Texas real estate

    07/28/2015 7:44:00 PM PDT · by TigerLikesRooster · 5 replies
    CNBC ^ | 2015/07/28 | Diana Olick
    Chinese buyers feed new energy into Texas real estate "Investors in Chinese equity markets will flee to safe assets, and few assets offer the combination of relatively modest risk and high returns as U.S. real estate," says a researcher at Zillow. Diana Olick | @DianaOlick With investors nervously watching the Shanghai stock market, Chinese are the now biggest foreign buyers of American real estate, and they are setting their sights on the biggest state in the Lower 48. Texas is seeing a huge influx of Chinese buyers, both investors and owner occupants, thanks to more affordable housing. And recent turbulence...
  • Eco-Imperialism Joins Vulture Environmentalism

    03/21/2013 11:14:05 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 21, 2013 | Paul Drissen
    Gina McCarthy, President Obama’s choice to replace Lisa Jackson at the Environmental Protection Agency, has been chastised for having lied to Congress, in claiming that EPA did not use “dangerous manmade climate change” to justify new 54.5 mpg standards for cars and light trucks. She’s also been implicated in the agency’s practice of using fake emails to hide questionable dealings and activities. These issues highlight attitudes toward ethics, law and public policy that prevail at EPA and too many other government agencies. However, that attention should not distract from other important matters. Ms. McCarthy may be the worst of the...
  • A Chinese group just bought Spain's infamous billion-dollar 'ghost' airport for $10,000

    07/20/2015 8:15:00 AM PDT · by SeekAndFind · 27 replies
    Business Insider ^ | 07/20/2015 | GUY HEDGECOE, THE TELEGRAPH
    Spain's "ghost airport" - that cost hundreds of millions of euros to build and which became a notorious symbol of the excess of the country's bonanza years has been sold to a group of British and Asian investors for just €10,000 ($10,835). Ciudad Real airport airport, in the central Castilla-La Mancha region, has been closed since 2012, despite opening only four years prior to closure. The regional authorities raised an estimated €1billion in private investment to build it. They had hoped it would draw millions of visitors each year to Ciudad Real and the surrounding area, which is known as...
  • Chinese Stock Market Crash Could Impact California Real Estate

    07/09/2015 2:04:26 PM PDT · by SeekAndFind · 25 replies
    San Diego Free Press ^ | 07/09/2015 | DOUG PORTER
    It seems like we’re rushing from one crisis to the next these days on the world’s economic stage. Puerto Rico is flailing, Greece is on the brink and now the Chinese stock market is tanking. The first two are relatively minor in terms of their actual economic impact worldwide, the situation in Asia poses a threat to real estate markets, especially in California. In just over three weeks Chinese investors have seen $3 trillion (that’s with a “T”) in equity vanish, despite increasingly desperate measures by the government. That is six times Greece’s entire foreign debt, or 11 years of...
  • Finnish startup Fimatec unveils concept for ready-built 3D printed walls for modular apartments

    06/26/2015 11:32:58 AM PDT · by 2ndDivisionVet
    3Ders.org ^ | June 24, 2015 | "Simon"
    While there are currently many developments being made across the entire additive manufacturing industry, among others that have been standing out as of late have consisted of 3D printing applications that are of either very large scale or very small scale applications. So far, the smaller applications have mainly consisted of research into nanoscale 3D printing for purposes such as biomedical engineering applications including cell scaffolding while the larger applications have been focused on creating architectural structures such as those that can be created in any geographical area using found materials. Needless to say, the developments surrounding these scaled applications...
  • Tech employees are fleeing Silicon Valley with their riches and making other cities more expensive

    06/16/2015 10:45:14 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 06/16/2015 | Madeline Stone
    A recent study by real-estate brokerage Redfin showed that more people are looking to move out of the Bay Area than ever before. Redfin CEO Glenn Kelman said that tech workers and their high salaries could be responsible for making Silicon Valley unaffordable. A new Redfin study demonstrates a correlation between rising home prices and hiring by big tech companies.They found that, as Amazon, Apple, Facebook, and Google have ramped up their hiring in various cities in the past year, the cost of homes in those cities has also gone up. "For every 1% increase in technology workers, there’s a...
  • Deutsche Bank Exodus Continues As Real Estate Chief Leaves For Blackstone

    06/15/2015 7:29:04 PM PDT · by george76
    Zero Hedge ^ | 06/15/2015 | Tyler Durden
    Earlier this month, Deutsche Bank’s co-CEOs Anshu Jain and Jürgen Fitschen were shown the door ... Jonathan Pollack, the bank’s global head commercial real estate, is leaving after 16 years. ... Pollack's departure comes just one month after the bank's head of structured finance Elad Shraga left to start his own fund. Shraga was instrumental in helping Deutsche become "an award-winning arranger of asset- and mortgage-backed debt." Shraga had been with Deutsche Bank for 15 years. All of this seems to lend credence to the idea that Deutsche Bank may be in trouble. The employee exodus appears to be gathering...
  • Tesla leases former Solyndra building in Fremont

    06/11/2015 7:02:15 PM PDT · by NormsRevenge · 12 replies
    SFGate.com ^ | 6/11/15 | David R. Baker
    Fast-growing Tesla Motors has leased a Fremont building once occupied by Solyndra before the solar company’s high-profile implosion, the Silicon Valley Business Times reported Thursday. The 500,000-square-foot facility, at 901 Page Ave., was the last of Solyndra’s former buildings to remain empty. Seagate Technologies snapped up Solyndra’s main factory — built with $528 million in federal loans — in 2012. And earlier this year, SolarCity leased a two-building Solyndra complex at 47700 Kato Rd. Tesla CEO Elon Musk chairs SolarCity’s corporate board.
  • LIFE SETTLEMENT (DFU formula for acquiring property at half price....really)

    05/12/2015 7:14:54 PM PDT · by doug from upland · 22 replies
    investopedia; DFU ^ | 5-2015 | some investopedia guy/ DFU commentary
    (the definition and explanation will be followed by my comments) Life Settlement AAA | DEFINITION OF 'LIFE SETTLEMENT' The selling of one's life insurance policy to a third party for a one time cash payment. The purchaser then becomes the beneficiary of the policy and begins paying the premiums. Typically the purchaser is an experienced institutional investor, and policies will have face amounts in excess of $250,000. A life settlement is similar to a "viatical settlement". INVESTOPEDIA EXPLAINS 'LIFE SETTLEMENT' Life settlements are usually only done when the insured person doesn't have a known life-threatening illness. They are often done...
  • Zillow Ranks Best Real Estate Markets for Buyers, Sellers

    04/24/2015 3:14:15 PM PDT · by SeekAndFind · 17 replies
    Zillow ^ | 04/24/2015 | BY EMILY HEFFTER
    When it comes to negotiating power, it’s better to be a home seller in the Bay Area and a buyer in Philadelphia. Zillow’s spring analysis of buyers’ and sellers’ markets across the U.S. looked at how long homes spend on the market, how likely they are to have had a price cut and how much they sold for in relation to their listing price.The nation’s top sellers’ markets are the big West Coast tech centers in San Jose, San Francisco and Seattle. Less competitive markets where buyers have time to negotiate are in the East and Midwest, including Philadelphia, Chicago...
  • S.F. becomes most sought-after location for Chinese buyers

    04/23/2015 10:12:16 AM PDT · by Oldeconomybuyer · 49 replies
    San Francisco Chronicle ^ | April 23, 2015 | By Emily Landes
    Chinese buyers looking to invest off-shore are most interested in San Francisco, according to a report from luxury listing site, which tracked millions of online searches from Chinese buyers in the first quarter of 2015. San Francisco ranked seventh in the survey in the fourth quarter of last year, but in the most recent survey beat out London, Tuscany, New York and Paris. “For many well-heeled Chinese buyers, the entire U.S. housing market, and even the somewhat pricey S.F. Bay Area remains a bargain versus Hong Kong, New York, London and Beijing,” he said. “Bay Area real estate represents an...
  • The Time Lois Lerner Failed To Investigate A Major Al Gore Fundraiser At The FEC

    05/22/2013 3:24:14 PM PDT · by maggief · 14 replies
    BuzzFeed ^ | May 22, 2013 | Jacob Fischler
    When heading the FEC’s enforcement office in the late 90’s, the beleaguered IRS official was accused of failing to investigate a Democratic fundraiser. “When it recommended not pursuing the allegations against Mr. Glicken, the FEC staff specifically cited his close ties to the Vice-President, Vice-President Gore,” Dan Burton (R-IN) said at the hearing. The IRS scandal currently engulfing Washington isn’t the only episode in which Lois Lerner, the embattled head of the agency’s tax-exempt organizations office, has come under fire for playing partisan politics in a nonpartisan entity. In 1998, while heading the Federal Election Commission’s enforcement office, she was...
  • Greenfield: The Left's War on Horses

    03/13/2014 11:38:20 AM PDT · by Louis Foxwell · 18 replies
    Sultan Knish blog ^ | Wednesday, March 12, 2014 | Daniel Greenfield
    Wednesday, March 12, 2014 The Left's War on Horses Posted by Daniel Greenfield @ the Sultan Knish blog At Grand Army Plaza, beneath the golden equestrian statue of General Sherman, the horses stand, lazily flicking their ears, tasting the grit of 59th street and occasionally glancing about as a yellow taxi driven by an angry Pakistani wheels around past the Plaza Hotel, brakes squealing, an Al Qaeda friendly Nasheed or a little  Atif Aslam, either sounding more unpleasant than the brakes, blaring through the open window. Feathered plumes, scarlet red, sapphire blue, electric purple, matching the colors of the plush...
  • GE is spinning out most of its $500 billion GE Capital business, selling $26.5 billion real estate

    04/10/2015 4:59:18 AM PDT · by SeekAndFind · 17 replies
    Business Insider ^ | 04/10/2015 | MICHAEL B KELLEY
    General Electric announced a radical plan to slim itself this morning. It will sell the majority of its GE Capital assets, which represents $500 billion in assets. It will sell nearly all of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion. The company also said its board had authorized a share repurchase program of up to $50 billion. "This is a major step in our strategy to focus GE around its competitive advantages,” GE Chairman and CEO Jeff Immelt said in a press release.
  • U.S. political fundraiser gets 12 years for bank fraud

    07/16/2010 12:43:12 PM PDT · by nuconvert · 7 replies
    Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton, was sentenced to 12 years in prison for defrauding Bank of America Corp, Citigroup Inc and HSBC Holdings Plc out of $292 million. U.S. District Judge Sidney Stein imposed the sentence on Thursday following Nemazee's March 18 guilty plea in Manhattan federal court to charges of bank fraud and wire fraud over loan transactions with the three major banks. Nemazee said he needed the money to pay debts arising from his dealings in hedge funds and properties.
  • Tempted by Detroit's $500 properties? 5 things to know

    03/11/2015 2:15:49 PM PDT · by barmag25 · 24 replies
    AP/via Seattle PI ^ | 3/11/15 | Beth Harpez
    DETROIT (AP) — Sixty-two thousand properties have faced foreclosure in Detroit this year over unpaid taxes. About half will likely be auctioned for $500 apiece this fall. Buying homes or vacant lots for $500 might sound inviting, even in a city as troubled as Detroit. After all, look at New York: Decades of crime and decay gave way to a real estate boom that has gentrified even outlying working-class neighborhoods. Properties that sold for thousands in the bad old days are now worth millions. But there are no guarantees. "The opportunities are there but there are huge challenges," said Dang...
  • Greta Van Susteren Cuts the Price on Her Maryland Home

    03/03/2015 6:28:26 PM PST · by SamAdams76 · 40 replies
    The Wall Street Journal ^ | February 26, 2015 | STEFANOS CHEN
    Fox News host Greta Van Susteren and her husband, John Coale, have reduced the asking price on their 18th-century Annapolis, Md., home to $1.825 million, down from $2.1 million last April. The couple bought the 3,684-square-foot home for about $1.8 million in 2010, according to public records and Mr. Coale. Located downtown near the waterfront, the home has five bedrooms, three full bathrooms and two half-baths. Its price was reduced in December.
  • All Bubbles Burst: China's Real Estate Market Crashing, Eurogroup Prepare For Grexit & Default...

    02/18/2015 10:23:39 AM PST · by alexmark1917 · 6 replies
    China's Real Estate Market Crashing... Real Estate is the single biggest domestic lending segment in China. Combined with deflation in Iron Ore, Steel, Copper, and other industrial metals China's collateral quality is looking very very shaky compared to loan volume... SNIP While the world's attention is glued to events in Greece, the real action continues to evolve quietly thousands of kilometers east, in China, where the near record surge in new loans remains unable to offset the dramatic slowdown in shadow banking issuance. And while China's bubble-chasing, animal spirits have recently reoriented themselves from real estate to the stock market,...
  • The FAA lets companies stake a claim to landing spots on the moon

    02/04/2015 8:49:24 AM PST · by Jack Hydrazine · 26 replies
    Endgadget ^ | 4FEB2015 | Mat Smith
    It's very early days, but the US government is apparently looking to encourage commercial development of the moon, offering to assist investment by helping companies to claim territory through existing space launch licensing. According to Reuters, which has spied related documents, the Federal Aviation Administration state that it intends to "leverage the FAA's existing launch licensing authority to encourage private sector investments in space systems by ensuring that commercial activities can be conducted." The letter to Bigelow Aerospace could mean that the company's inflatable living spaces and other structures built or established on the moon could confer exclusive rights to...
  • Zimbabwe’s First Lady seeks to control more land

    01/22/2015 3:05:47 AM PST · by Olog-hai · 13 replies
    Associated Press ^ | Jan 22, 2015 3:09 AM EST | Farai Mutsaka
    In 2000, Timon Shava was a hero of Zimbabwe’s land reform program when he joined hundreds of other landless peasants in a wave of land seizures and evictions of white farmers. Today, he is homeless after police, acting on behalf of President Robert Mugabe’s wife Grace, destroyed dozens of thatch dwellings on a farm that she wants to control. The First Lady, who has another farm in the area, said last year that she wanted to turn this farm into a wildlife conservancy that could raise money for an orphanage. A new twist on the long struggle over land in...
  • Ritzy real estate broker gets prison for $5.5 million fraud

    01/20/2015 10:41:31 PM PST · by ConservativeStatement · 5 replies
    South Florida Sun-Sentinel ^ | January 20, 2015 | Paula McMahon
    Ritzy real estate broker Christopher White's former clients said they thought he was their friend and his smooth talk made them believe he was helping them buy their dream homes.. On Tuesday in federal court in Fort Lauderdale, White had nothing to say to his victims as he was sentenced to three years and five months in prison for ripping them off in a multimillion-dollar fraud.
  • Sen. Dianne Feinstein’s husband is about to make $1B off a government real estate deal

    01/17/2015 6:54:59 PM PST · by SeekAndFind · 22 replies
    Hotair ^ | 01/17/2015 | Jazz Shaw
    Hey, we started off the day with a happy story, so in the interest of keeping the tone positive here on the Hot Gas ranch, let’s finish my shift up with another one. I know all of you are fans of capitalism in general, and just love seeing hard work and inspiration pay off for the little guy who makes it big. With that in mind, who wouldn’t feel their heart melt over the story of a spunky gal from the left coast who rises from humble roots and winds up helping her husband tuck away a few dollars...
  • Senator’s husband stands to profit big from government deal

    01/17/2015 4:34:05 PM PST · by MeshugeMikey · 44 replies
    Page Six.com ^ | January 16, 2015 | RIchard Johnson
    Ever wonder how lowly paid lawmakers leave office filthy rich? Sen. Dianne Feinstein is showing how it’s done. The US Postal Service plans to sell 56 buildings — so it can lease space more expensively — and the real estate company of the California senator’s husband, Richard Blum, is set to pocket about $1 billion in commissions.
  • Mob squeezed him; city squeezes widow (Kass: Chicago outfit, Daley machine)

    07/05/2009 9:17:12 AM PDT · by STARWISE · 5 replies · 1,139+ views
    Chicago Tribune ^ | 7-4-09 | John Kass
    Whether the name of Richie Urso ever makes it into the corruption trial of former Gov. Rod Blagojevich next June is anybody's guess. You've probably never heard of Richie Urso. But the FBI sure has heard of him. His is a classic Chicago story, about a beefy yet charming guy born on Grand Avenue, who got in trouble with the law as a kid, only to make political friends and become extremely wealthy. He was arrested once for jewelry theft in the '60s by the Outfit's top Chicago police detective, William Hanhardt. Urso's alleged partner in the theft was the...
  • Politically connected ex-Mutual Bank president barred from banking ( Obama mentioned )

    07/01/2013 6:59:49 PM PDT · by george76 · 8 replies
    Crain's Chicago Business ^ | July 01, 2013 | Steve Daniels
    Amrish Mahajan, former president of failed Mutual Bank of Harvey and a major fundraiser for imprisoned former Gov. Rod Blagojevich, has been barred from future participation in the banking industry under a newly released regulatory order. Mr. Mahajan consented, without admitting or denying unsafe or unsound banking practices, to a May 1 order by the Federal Deposit Insurance Corp. prohibiting him from participating “in any manner” in the conduct of the affairs of any federally insured institution. ... Mr. Mahajan was known for his political connections, particularly to Mr. Blagojevich. Mutual Bank briefly entered the realm of national politics after...
  • City aims to jump-start Near South Side development

    07/11/2013 8:37:54 PM PDT · by Mortrey · 2 replies
    chicagotribune.com ^ | July 10, 2013 | Hal Dardick
    The city is trying to kick-start development of vacant 62-acre parcel near downtown controlled by a controversial Iraqi billionaire once linked to convicted Democratic influence peddler Antoin "Tony" Rezko.
  • Pelosi and the Treasure Island land grab

    08/18/2010 11:00:21 AM PDT · by jazusamo · 24 replies
    michellemalkin.com ^ | August 18, 2010 | Michelle Malkin
    Speaker Mop & Glo made headlines for her call to investigate opponents of the Ground Zero mosque, but there was something else about her remarks that should have raised your hackles: “There is no question there is a concerted effort to make this a political issue by some. And I join those who have called for looking into how is this opposition to the mosque being funded,” she said. “How is this being ginned up that here we are talking about Treasure Island, something we’ve been working on for decades, something of great interest to our community as we...
  • Chinese Investors Snap Up Property in Bankrupt Detroit

    11/22/2014 6:01:32 PM PST · by SeekAndFind · 100 replies
    NBC News ^ | 11/22/2014 | ERIC BACULINAO
    Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals. With family homes regularly selling for around $10,000, the beleaguered Motor City is now the number-four destination for Chinese housing investors in the U.S. Bigger spenders have already snapped up some of Detroit’s most iconic commercial buildings. “There are factories, commercial real estate and upscale areas around Detroit with proximity to good schools that are worth investing in,” said Wang Ning, deputy manager in charge of international business at China online real estate agency SouFun. The...
  • Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules

    11/19/2014 12:31:23 PM PST · by SeekAndFind · 10 replies
    Liberty Blitzkrieg ^ | 11/19/2014 | Michael Krieger
    In a nation in which 1 out of every 3 homes is unaffordable, you’d think the primary goal of public policy wouldn’t be to ensure real estate becomes even more out of reach for the average citizen. However, we live in a country in which policy isn’t being driven by logic and what’s in the best interest of “the people,” rather, we live in an neo-feudalistic society in which policy is being driven by what is best for a handful of white-collar criminals. It’s bad enough that American financial oligarchs have leveraged free money polices of the Federal Reserve to...
  • Video: What happens when a reporter tries to out-squat a squatter in Detroit?

    11/07/2014 1:42:23 AM PST · by afraidfortherepublic · 19 replies
    Hot Air ^ | 11-7-14 | Mary Katherine Ham
    Here’s Detroit reporter Charlie LeDuff, a truly great writer and character, giving a Detroit squatter a taste of her (his? It’s somewhat in question.) own medicine. A homeowner had allegedly been attacked by the squatter while trying to sell the property, so LeDuff paid a visit: Detroit homeowner Sarah Hamilton wanted to sell her house, but was having some trouble. No, it wasn’t a down seller’s market — it was a squatter. Hamilton had a difficult battle: In the process of trying to get Lynn Williams out her house, WJBK-TV reported Hamilton was threatened with a knife. But things got...
  • More international homebuyers shopping in Austin (TX)

    11/02/2014 8:45:23 AM PST · by bgill · 16 replies
    kxan ^ | Nov. 1, 2014 | kxan
    A study from the Texas Association of Realtors shows international buyers pumped more than $11 billion dollars into the Texas economy between March of 2013 and 2014. One Austin Realtor says people from outside of the U.S. are looking for a secure investment. “An international client can come into the Austin market, get a great value for what they’re buying and almost be insured that there’s profitability in that and that’s unique to the world as a whole,” said J Kuper, owner of Kuper Sotheby’s International Realty.
  • Why Americans Can't Afford to Live in Liberal Cities

    10/29/2014 9:31:04 AM PDT · by Pan_Yan · 15 replies
    The Atlantic via Yahoo! Finance ^ | October 29, 2014 | Derek Thompson
    ... But there's a second reason why San Francisco's problem is emblematic of a national story. Liberal cities seem to have the worst affordability crises, according to Trulia chief economist Jed Kolko. In a recent article, Kolko divided the largest cities into 32 “red" metros where Romney got more votes than Obama in 2012 (e.g. Houston), 40 “light-blue” markets where Obama won by fewer than 20 points (e.g. Austin), and 28 “dark-blue” metros where Obama won by more than 20 points (e.g. LA, SF, NYC). Although all three housing groups faced similar declines in the recession and similar bounce-backs in...
  • New York Dominates 2014 List of America's Most Expensive ZIP Codes

    10/18/2014 8:42:06 PM PDT · by 2ndDivisionVet · 9 replies
    Forbes Magazine's Life Blog ^ | October 8, 2014 | Erin Carlyle
    In Atherton, Calif., 94027, the most expensive home currently on the market is a 12,840-square-foot Mediterranean mansion with a $21.988 million price tag. Not a millionaire? Good luck finding a place to live in this Silicon Valley enclave. The least expensive home for sale in the 94027 ZIP code is a 1,370-square-foot, two-bedroom, two-bath bungalow. In other words, a starter home–with an asking price of $1.499 million. The median price of the 24 homes listed for sale over the summer was $9.03 million, making Atherton the most expensive ZIP code in America for the second year in a row. “Atherton...
  • what's the deal with real estate "earnest money" in MN?

    10/17/2014 3:10:49 PM PDT · by TurboZamboni · 24 replies
    muhself ^ | 10-17-14 | TZ
    had some maroon claim he was buying a house and then he disappears. our realtor says we'll never get the earnest money because it's all just a theoretical thing everyone puts on paper but nobody ever gets because it usually costs more money persuing it than the amount of the money is. anyone know how to stop the Craigslist-type driveby morons from doing this ?
  • Attn Freeper Homeowners: Poll How long did it take you to find the perfect house?

    09/29/2014 8:39:21 PM PDT · by Califreak · 93 replies
    Frustrated Homeseeker ^ | September 30, 2014 | califreak
    Our family just started looking for a home to purchase. Just curious.... How long did it take you to find the perfect house? Our lender took two years. We are finding something wrong with all of them.
  • Norway now second-largest buyer of US commercial real estate

    09/24/2014 7:00:21 PM PDT · by SeekAndFind · 1 replies
    The Real Deal ^ | 09/24/2014
    Norway, surprisingly, now ranks second among foreign U.S. commercial real estate buyers, topped only by Canada. The sovereign fund that manages the country’s substantial oil wealth made a play for Blackstone Group’s 1095 Sixth Avenue just last week, in a deal that is expected to fetch up to $2.25 billion. The move followed the Norges Bank Investment Management’s purchase of a 45 percent interest in 601 Lexington for $1.5 billion. In total, the country has spent over $3.2 billion on U.S. real estate so far this year, according to data from research firm Real Capital Analytics cited by Bloomberg News....
  • Why Renters are Not Buying Into the “American Dream” of Homeownership

    09/14/2014 10:35:20 AM PDT · by 2ndDivisionVet · 101 replies
    The Bryan Ellis Investing Letter ^ | September 11, 2014 | Carole VanSickle Ellis
    We’ve all heard that millenials are the key to the housing recovery and that home prices are set to skyrocket just as soon as all the people renting or living in family homes (read: basements) get out, get married, get employed, and settle down in their new homes. However, for some reason, the estimates for when all this will happen just keep moving farther and farther out. In an effort to determine just what is delaying renters from becoming homeowners, the New York Federal Reserve conducted a Survey of Consumer Expectations to address the issue. The study found that while...
  • Mind-Blowing Alfred Fisher Mansion Sells For $1.6M [guess where]

    09/08/2014 2:37:43 PM PDT · by 1rudeboy · 92 replies
    Curbed ^ | September 4, 2014 | Sarah Cox
    The Alfred Fisher Mansion,the largest residential listing in Detroit, has sold for $1.6 Million in deal that closed in late August. Designed by architect Richard Marr and built in 1926, the mansion contains 15 bedrooms, 17 bathrooms, a ballroom, sun room, and a billiards room. There is also an indoor pool. These listing photos don't do the interior justice (there's a strange party situation in the basement) but the grounds are looking lovely. When the mansion first came on the market the ask was a mere $1.2M...."
  • News Analysis: Immigrant investor visa no longer wealthy Chinese's fast passage to America

    09/11/2014 6:12:58 AM PDT · by Oldeconomybuyer · 5 replies
    Xinhua News (China) ^ | September 10, 2014 | by Shen Qing
    A U.S. immigration program that grants visas to foreigners who invest in U.S. businesses and create local jobs, has for the first time in its 24-year history run out of quota due to the overwhelming demand by Chinese applicants and will thus no longer be China's newly rich's fast passage to America. The U.S. Department of State said the EB-5 program, which gives visas to those who invest at least 500,000 U.S. dollars and create at least 10 jobs in development projects, has hit its annual quota of 10,000 visas for the fiscal year, and will not receive new applicants...
  • First Entirely 3D Printed Estate is Coming to NY, Including a 2400 Sqft House, Pool & More

    08/23/2014 2:35:22 AM PDT · by 2ndDivisionVet · 25 replies
    3D Print.com blog ^ | August 20, 2014 | Eddie Krassenstein, CEO, AY.com, Web Developer, Domain Investor, Internet Marketer
    Building site of the first ever 3D printed estate in Gardiner, New York. New York City architect/contractor Adam Kushner begins construction of the first ever 3D printed estate, which features a 3D printed swimming pool, 4-bedroom, 2400 square foot home, and more. The 3D printer which will be a modified version of Enrico DiniÂ’s D-shape printer, will, if all goes as planned, eventually be able to automatically place rebar within the 3D printed house, as it prints. We have covered a lot of news concerning the 3D printing of houses, over the course of the last year or so. Whether...
  • Commentary: Behind Ferguson’s Unrest, Failed Federal Policy and the Black-White Housing Gap

    08/17/2014 6:47:21 PM PDT · by 2ndDivisionVet · 48 replies
    The International Examiner - the only nonprofit Asian American media in the country ^ | August 17, 2014 | Andre F. Shashaty, New America Media
    A local organizer in a town neighboring Ferguson, Mo., shows a typical “porch.”On the surface, the unrest in Ferguson, Mo., was about local police using deadly force on an unarmed young man. But on a deeper level, it reflected the increasing poverty and economic decline that affects ethnic communities all over America. Despite rosy reports in the media about the end of the national foreclosure crisis and the recession that followed, all is not well in our inner cities and suburbs with largely minority populations, like Ferguson. The foreclosure crisis was hard on many Americans, but it was a disaster...
  • The Rebuilding of I-45: A Once-in-a-Lifetime Opportunity to Improve Houston

    07/29/2014 10:14:21 AM PDT · by a fool in paradise · 24 replies
    Cite Magazine ^ | Jul. 28, 2014 5:35 PM | Torie Ludwin
    According to proposals on the table at the Texas Department of Transportation, the highway system around Downtown Houston may be subject to a significant transformation. This well may be a once-in-a-lifetime opportunity for the city to reconnect neighborhoods long bifurcated by highway IH-45 while also improving traffic capacity of the highways. How to change and improve the highway system is of great debate. As the Department of Transportation follows through on its federally required processes to propose and examine alternatives to the expansion of IH-45, also called the North Houston Highway Improvement Project, itÂ’s winnowing the options quickly. Now is...
  • Not Everyone in Silicon Valley Happy to See President Obama

    07/26/2014 3:53:14 PM PDT · by nickcarraway · 11 replies
    NBC Miami ^ | 7/24 | Bob Redell
    Dozens of protesters gathered outside the Silicon Valley home where President Obama was to attend a Democratic party fundraiserProtesters angered by the Federal Communications Commission’s proposal to put an end to net neutrality rallied near the Silicon Valley mansion where President Barack Obama was attending a fundraising event on Wednesday morning. Michelle Roberts reports. Thursday, Jul 24, 2014 • Updated at 9:05 AM PDT Protesters angered by the Federal Communications Commission’s proposal to put an end to net neutrality rallied near the Silicon Valley mansion where President Barack Obama was attending a fundraising event on Wednesday morning. A handful of...
  • US new-home sales plummet in June

    07/24/2014 8:09:04 AM PDT · by wbill · 29 replies
    Yahoo Finanace ^ | 7/24/2014 | AP
    WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised down the May sales rate to 442,000 from 504,000. (snip)
  • Man Finds Family Living In His Miami Home [After Vacation]

    07/24/2014 8:33:44 AM PDT · by Red Badger · 63 replies
    miami.cbslocal.com ^ | July 22, 2014 11:55 PM | Gaby Fleischman
    MIAMI (CBSMiami) — A South Florida renter came home to find people living inside his house but the family illegally squatting inside said they are not leaving. The owner of the property on SW 5th street and 49th Avenue said his friend William Ruiz has been renting the house for the past two years and recently started to move out while the house was listed for short sale. Ruiz went on vacation for two days and said when he came back, he found the locks on the house changed and strangers living inside using his belongings. “They’re using his bed,...
  • Man’s Dream of Fourth Wife Soiled by Pakistan Army Assaults

    07/21/2014 3:53:16 PM PDT · by nickcarraway · 12 replies
    Gulf News ^ | 18 July 17, 2014
    Pakistan’s ongoing military operation may be making headway in clearing militant hideouts, but it has shattered the dream of one father of 36 children — to take a fourth wife. Gulzar Khan is one of hundreds of thousands of people who have fled the North Waziristan tribal area since the army moved in to clear longstanding bases of Taliban and other militants. Escaping the military advance meant leaving the 35-room house he shares in the North Waziristan village of Shawa with around 100 family members, including wives, children and grandchildren. The 54-year-old grumbled that paying to transport his brood used...
  • The Need to Eliminate FIRPTA

    06/23/2014 10:14:26 AM PDT · by Parmenio · 3 replies
    GlobeSt..com ^ | June 4, 2014 | James Nelson
    In my last two blog posts, I have been critical of the government on New York City property taxes and the proposed reduction of the 1031 exchange. For a change, I wanted to voice my support for a potential tax revision regarding the Foreign Investment in Real Property Tax Act (FIRPTA). This tax would greatly boost foreign investment in US properties, and lead to job creation, stimulation of the economy and further increase property values. On March 29th, President Obama released major proposals to encourage private investment in US infrastructure as part of a proposed Rebuild America Partnership. For international...