Keyword: realestate

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  • Racketeering alleged in Stillaguamish Tribe lawsuit

    06/21/2016 3:31:53 PM PDT · by DBCJR · 3 replies
    HeraldNet ^ | Scott North and Diana Hefley
    ...Among the more than a dozen other named defendants are David L. Nelson of Stanwood... are accused of not only initially bankrolling the Goodridge family’s illegal smoke shop operation, but also arranging numerous land and business deals that were unfair to the tribes.Nelson didn’t return a phone call. He told The Herald last fall that he was given direction to pursue buying almost any piece of land within the tribe’s historic boundaries. The plan was to build an entire city, he said. But the tribes broke ties with Nelson and insisted his businesses move off tribal land after the Goodridges...
  • Whoa “Jihadi Dad” – Orlando Terrorist’s Father Seddique Mateen Visited State Dept

    06/12/2016 5:19:04 PM PDT · by dontreadthis · 120 replies
    The Last Refuge ^ | June 12, 2016 | sundance
    FULL TITLE: Whoa “Jihadi Dad” – Orlando Terrorist’s Father Seddique Mateen Visited State Dept. – Political Activist, Taliban Sympathizer… This is a little disturbing. Remember Amed Mohamed and the exploited islamic opportunism with 14-year-old “clock boy” bomb hoax from Irving Texas and how his father was running for political office in Sudan? Well, apparently 29-year-old terrorist Omar Mateen (below left) comes from a similarly engaged political family and his father, Seddique Mateen (below right), was/is running for national office in Afghanistan and not happy with the government of Pakistan. orlando 11 Omar mateenorlando 10 seddique mateen - father - orlando...
  • McMansions Are Back And They're Bigger Than Ever

    06/03/2016 11:53:15 AM PDT · by Lorianne · 142 replies
    Zero Hedge ^ | 02 June 2016 | Tyler Durden
    There was a small ray of hope just after the Lehman collapse that one of the most lamentable characteristics of US society - the relentless urge to build massive McMansions (funding questions aside) - was fading. Alas, as the Census Bureau confirmed this week, that normalization in the innate American desire for bigger, bigger, bigger not only did not go away but is now back with a bang. According to just released data, both the median and average size of a new single-family home built in 2015 hit new all time highs of 2,467 and 2,687 square feet, respectively. And...
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.
  • (Howie) Carr: Liz Warren knows biz of sweetheart real estate deal

    05/30/2016 4:53:17 AM PDT · by Zakeet · 8 replies
    Boston Herald ^ | May 29, 2016 | Howie Carr
    "Buy low, sell high" is the real estate philosophy of both Donald Trump and the fake Indian - but never confuse the nature of their investments. The difference is fundamental: Trump is a greedy evil Republican, and Elizabeth Warren is a warmhearted, selfless Democrat. Trump avariciously acquires property because he's a "small, insecure money-grabber," as Fauxcahontas called him this week. On the other hand, she and her husband are humanitarians, "fortunate to be in a position where they have been able to help relatives buy their homes ... to support their efforts to make a living." Not by giving the...
  • $31.1-million Point Grey mansion owned by 'student'(Canada)

    05/13/2016 8:00:10 PM PDT · by dynachrome · 6 replies
    The Province ^ | 5-13-16 | CASSIDY OLIVIER
    The majority owner of a Point Grey mansion that was sold earlier this year by Canaccord founder Peter Brown for a record $31.1 million is a “student,” property records show. Land title documents list Tian Yu Zhou as having a 99-per-cent interest in the five-bedroom, eight-bathroom, 14,600 square-foot mansion on a 1.7-acre lot at 4833 Belmont Ave. Zhou’s occupation is listed as a “student.” The other owner of the property, which boasts sweeping views of the North Shore mountains and Vancouver, is listed as Cuie Feng, a “businesswoman.” Feng has a one-per-cent interest in the property, which was assessed this...
  • Miami real estate is melting down

    04/18/2016 6:07:57 PM PDT · by george76 · 23 replies
    CNBC ^ | 14 Apr 2016 | Robert Frank
    The Miami real estate slowdown is becoming a meltdown — with the most expensive areas getting hit hardest. The number of sales and prices in posh Miami Beach — home to many of the city's most expensive and highest-profile properties — fell during the first quarter, according to a new report. Meanwhile, inventory soared by roughly a third compared with the prior-year quarter. The report, released Thursday by Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants, found the average sale price in Miami Beach and the nearby Barrier Islands fell 7.5 percent year over year to $905,252. The...
  • PulteGroup Founder: CEO Choice Perhaps ‘Biggest Mistake of my Career’

    04/11/2016 11:19:54 AM PDT · by Cecily · 4 replies
    Hiring Richard Dugas as the top executive at PulteGroup was “perhaps the biggest mistake of my career,” the founder of the Atlanta homebuilder said Monday. Bill Pulte, the company’s former chairman and largest shareholder, said in a letter to the company’s board of directors that many of the company’s talented employees had left or been fired during Dugas’ tenure as CEO, and that its financial performance has stagnated. He also criticized the company’s 2009 merger with rival Centex Corp. as the industry was still struggling with the real estate market’s crash. Dugas “must take responsibility for PulteGroup’s overly aggressive land...
  • Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act [12/2015]

    04/02/2016 1:38:49 PM PDT · by huldah1776 · 14 replies
    financial repression authority ^ | Dec 19, 2015 | Gordon T Long
    The Financial Repression Authority has consistently shown that Regulatory changes which “Ring Fence” US investors choices is a cornerstone of the Macro-Prudential Policy of “Financial Repression”. Through stealth programs like FATCA and PFIC the US government has steadily and quietly limited Americans ability to take cash out of the country and to invest abroad, other than through profitable public exchange traded products sold by the financial industry. However, it is one thing to shut the doors to American investing abroad but it is quite another to fully open the doors to foreigners! It begs the question why, why now and...
  • Chinese Take Over Canada's Real Estate Market, Buy One-Third Of All Vancouver Homes Sold In 2015

    03/24/2016 8:44:19 AM PDT · by SeekAndFind · 25 replies
    Zero Hedge ^ | 03/24/2016 | Tyler Durden
    “Housing in Vancouver is insane — it was insane when I left and it’s more insane now.”That’s from 33-year-old Kevin Oke, co-founder of LlamaZoo Interactive who left Vancouver for Victoria two years ago because he couldn’t afford to buy a home in his native city even while earning a generous salary as a lead designer at a video-game company whose clients included Atari and Ubisoft Entertainment SA.  Kevin isn't the only one leaving. Vancouver added only 884 net new people age 18-24 last year according to Statistics Canada, and many observers worry the soaring cost of housing will eventually strip the...
  • Here are North America's Most Expensive Housing Markets

    03/13/2016 3:57:47 PM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 03/13/2016 | Tyler Durden
    Courtesy of Point2HomesWhen the average home price in San Francisco went over the $1 million threshold in the first half of 2015, it was pretty obvious for most people that the Bay city secured the top position as the most expensive housing market in the U.S. This is exactly what happened. According to records released at the end of last year, San Francisco is the superstar housing market not only in the U.S., but for the entire North America as well.But what may really surprise some people when looking at the top 15 list of the most expensive housing...
  • Trump U Instructor to Illegal Immigrants: Here's How to Buy a Home

    03/04/2016 7:09:48 AM PST · by SeekAndFind · 44 replies
    Weekly Standard ^ | 03/04/2016 | Michael Warren
    An instructor at Donald Trump's Trump Entrepreneur Initiative—originally known as Trump University—once offered advice about how illegal immigrants can purchase homes in the United States. Real estate agent Tina Merritt wrote a blog post for the Trump Blog in April 2010 titled "Can an Illegal Immigrant Buy a Home in the United States?" Merritt explained that the answer was "yes." Here's an excerpt from the archived blog post: First of all, you do not have to have a social security number to buy or sell a home in the U.S. Some mortgage lenders require one; however, there is not...
  • Mansion sales and discount dining: oil rout hits Houston's rich

    02/26/2016 8:43:27 AM PST · by TigerClaws · 12 replies
    Prices for mansions in Houston's swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners. Twenty months into the worst oil price crash since the 1980s, well-heeled residents of the world's oil capital are among the hardest hit largely because tanking energy firm shares make up much of oil and gas executives' compensation. RECOMMENDED: The Migration Machine In River Oaks, a neighborhood of palatial mansions and lush gardens, the average sales price of a home has...
  • A Generation of Politically Economic Re-education: Wall Street -vs- Main Street

    02/15/2016 10:07:54 AM PST · by SatinDoll · 7 replies
    The Conservative Treehouse ^ | Feb. 15, 2015 | Sundance
    During the last Republican debate the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan. In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal. In a sixty second response time, it is factually impossible to explain something we have discussed here before. Specifically, one of the larger hurdles Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods- based manufacturing and industry driven economic model. Interestingly, many people have referenced...
  • 'Look out, we are heading for a crash again', warns William White, the central banker (tr)

    The world is facing a new crisis caused by an explosion in debt. So warns William White, the central banker who famously predicted the crisis of 2008. As financial markets reeled last week and fears of a fresh recession or even banking crisis sparked panic, White was more than willing to issue yet another prophecy of doom. The world is now facing a crunch that could see a collapse in property prices, including those in London; a new global banking crisis; waves of cheap commodities savaging Western industrial centres; and the need for debts to be written off on a...
  • NO MORE DEALS!

    02/01/2016 5:34:02 AM PST · by DrewsDad · 54 replies
    Youtube ^ | Jan 30, 2016 | Ted Cruz Ad
    Here is a Ted Cruz ad showing Trump making deals with John Boehner, Hillary Clinton, and Chuck Schumer No More Deals!
  • EXCLUSIVE: Larry Flynt wants Hugh Hefner's $200 million Playboy Mansion

    01/22/2016 11:43:56 AM PST · by Zakeet · 24 replies
    NY Daily News ^ | January 22, 2016
    The Hustler Honeys could soon displace the Playboy Bunnies at Hugh Hefner's Los Angeles party palace. [Snip] "Larry (Flynt) and I have talked about it and are preparing a bid," says Harry Mohney, whose DĂ©jĂ  Vu company operates the Larry Flynt's Hustler Club chain, which includes a Manhattan location on W. 51st St. "We feel it is an excellent place for The Hustler Club and Hustler Mansion." According to Mohney, Hustler would move their own staff into the 29-room estate and host "at least" three parties per week for VIP guests. He also says those gatherings would out-Hef the parties...
  • Now Obama Bank Regulators Scheming To Degrade Mortgage Credit Scoring

    01/18/2016 6:31:53 AM PST · by Renkluaf · 27 replies
    Investor's Business Daily ^ | 1/15/16 | Editorial Board
    Subprime 2.0: In an orchestrated assault on the credit standards underpinning mortgages, no fewer than four Obama agencies have gone to war against FICO. If politicians don't want another bank crisis, they'll stop the attack. Home loan approvals hinge on FICO credit scores. But the Obama regime views FICO scoring as too strict, cutting off millions of low-income minorities and immigrants from mortgages. So it's pressuring Fannie and Freddie, which control 90% of the mortgage market and set the underwriting standards for the entire mortgage industry, to abandon FICO for a softer standard in evaluating credit risk. Obama's regulators look...
  • Re-Suicide: Obama Adopts Bush-era Tricks To Re-inflate Property Bubble

    01/13/2016 12:39:53 PM PST · by Whenifhow · 15 replies
    Breitbart ^ | Jan 11 2016 | JOHN HAYWARD
    President Barack Obama is bringing the subprime-mortgage crisis back, fueled by the progressives' political urge to treat borrowed money loans as a "right" that everyone is "entitled" to get, and by the willingness to dismiss mathematical probability as a racist conspiracy. The last time liberals ran this mortgage ponzi-scheme, from 1995 to 2007, they almost crashed the financial system of the entire planet. They managed to largely evade responsibility by pinning the blame on their junior partners -- the banks, the stock-market and the GOP -- and even found political profit in the ensuing panic, so why shouldn't President Obama...
  • Leftists deny it, but Arabs who sell land to Jews are murdered

    01/12/2016 3:20:04 PM PST · by Eleutheria5 · 13 replies
    Arutz Sheva ^ | 12/1/16 | Gil Ronen
    Following the explosive revelation on Channel 2 TV, that central Jewish and Arab leftist activists have a policy of handing over to the Palestinian Authority (PA) Arabs who approach them and wish to sell land to Jews, leftists have been claiming that the PA does not execute such people. The denials are meant to refute claims made by the central figure in the televised investigative piece, Ta'ayush's Ezra Nawi, who boasted on hidden camera that the men he handed over to the PA were tortured and then executed. Leftist journalist Haggai Matar published an article that claimed that Nawi was...
  • Playboy Mansion FOR SALE ($200 million asking price) But Hef Gets to Stay

    01/09/2016 3:12:04 PM PST · by Zakeet · 75 replies
    TMZ ^ | January 9, 2016
    The Playboy Mansion -- the backdrop of some of the wildest parties ever thrown in L.A. -- is for sale ... TMZ has learned. The 6 acre Holmby Hills estate, built in 1927, will be listed sometime within the next month. Our real estate sources say the owner -- Playboy Enterprises -- is looking to get somewhere north of $200 million. Real estate sources with knowledge of the area say the owners are dreaming when it comes to price. They say the reality is ... the house is a tear-down and the real value is the acreage and that a...
  • A Home in Every Price Range

    12/22/2015 10:38:15 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | December 22, 2015 | David Boaz
    The front page of the Washington Post Real Estate section promises a neighborhood that "has a home in every price range." Inside, though, we learn that "Sleepy Hollow includes everything from 'starter houses' costing around $600,000 to multimillion-dollar properties on acre-plus lots." In most of the country that would be considered the wealthy part of town, not a community with "a home in every price range." That's part of the reason that more and more Americans see Washington, D.C., much like the Capitol in "The Hunger Games," as a rich and powerful city increasingly isolated from the country whose production...
  • Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act (FIRPTA)

    12/20/2015 8:17:34 AM PST · by amorphous · 13 replies
    The Financial Repression Authority has consistently shown that Regulatory changes which "Ring Fence" US investors choices is a cornerstone of the Macro-Prudential Policy of "Financial Repression". Through stealth programs like FATCA and PFIC the US government has steadily and quietly limited Americans ability to take cash out of the country and to invest abroad, other than through profitable public exchange traded products sold by the financial industry. However, it is one thing to shut the doors to American investing abroad but it is quite another to fully open the doors to foreigners! It begs the question why, why now and...
  • Trump Was Once Obama's Punch Line — But Almost No One Is Laughing Now

    12/12/2015 5:45:50 PM PST · by 2ndDivisionVet · 14 replies
    National Public Radio ^ | December 12, 2015 | Domenico Montanaro
    Twice in those bow-tied comedy dinner routines before a crowd of journalists, President Obama lambasted Donald Trump. He joked in 2011 that Trump, who was hot on the trail of Obama's birth certificate, was a conspiracy theorist waiting to reveal the fake moon landing, then roasted him for making the hard decisions — like firing Gary Busey instead of Lil' Jon or Meatloaf on Celebrity Apprentice. Just eight months ago, Obama joked that Trump was "here. Still." That got big laughs. But it's Trump's supporters who are laughing now. That's because Trump has stuck around a lot longer than anyone...
  • MSNBC Lightweight decides Trump can’t handle foreign affairs

    11/19/2015 8:50:45 AM PST · by Oldpuppymax · 13 replies
    Coach is Right ^ | 11/19/15 | Suzanne Eovaldi
    Chris Jansing, MSNBC lightweight and self-professed authority on America’s foreign affairs, recently had the embarrassing hubris to say she didn’t think Donald Trump had the chops to wade into the turbulent waters of foreign affairs. (My adjectives, not hers). Can you believe this? Here is some poker faced female news-reader with the abject gall to criticize America’s self-funded, billionaire presidential candidate whose name and organization own, develop and manage 37 properties, 16 of which include foreign establishments. Only some airheaded, MSM type would embarrass herself to this degree. Mr. Trump not only negotiated and built a lovely tower in America’s...
  • Californians upset that they can’t sell their green energy homes

    10/19/2015 1:19:09 PM PDT · by SeekAndFind · 33 replies
    Hotair ^ | 10/19/2015 | Jazz Shaw
    A tale of woe comes to us from the Left coast. Trouble has reared its head for Californians who enrolled in a special government program designed to allow them to use taxpayer funds to upgrade their homes with solar panels, wind turbines, unicorn flatulence converters and any number of other green energy improvements. Tens of thousands of Californians signed up for the Property Assessed Clean Energy (PACE) financing program which provided them with funding for installing such energy efficient goodies over the past several years, but now they’re finding their homes stalled on the market when they want to...
  • Financier Linked to Burkle And Clinton Is Charged (Raffaello Follieri)

    06/24/2008 6:12:47 PM PDT · by HAL9000 · 12 replies · 362+ views
    Excerpt - Federal prosecutors charged Raffaello Follieri, an Italian entrepreneur and former business partner of California billionaire Ron Burkle, with funding a lavish lifestyle by using money from a real-estate venture that was supposed to capitalize on his alleged Vatican ties to redevelop surplus Catholic Church properties. ~ snip ~ A criminal complaint filed by the U.S. attorney in Manhattan Tuesday alleged that Mr. Follieri stole hundreds of thousands of dollars of investor money to pay for a $37,000-a-month New York apartment where he lived for a time with Ms. Hathaway; private jet travel; expensive restaurants and clothes; medical expenses,...
  • Trump: Eminent domain is ‘a wonderful thing’

    10/06/2015 6:24:24 PM PDT · by E. Pluribus Unum · 116 replies
    The Hill ^ | October 06, 2015 | Elliot Smilowitz
    Republican presidential front-runner Donald Trump on Tuesday reiterated his stance in favor of eminent domain — a view not shared by many in his party.   "Eminent domain, when it comes to jobs, roads, the public good, I think it's a wonderful thing," Trump told Fox News' Bret Baier.    ADVERTISEMENT “You're not taking property. … You're paying a fortune for that property,” he said of the process, adding that homeowners can be paid “four, five, six, ten times” their property’s value.   Trump, a real estate mogul, noted that he’s dealt with eminent domain a lot in building developments...
  • North Dakota’s Housing Boom Is About to Go Bust

    09/29/2015 6:22:54 PM PDT · by posterchild · 27 replies
    The Fiscal Times ^ | Sep 29, 2015 | Beth Braverman
    Real estate developers were too late to the party in North Dakota. Just a few years after fracking sparked a shale oil frenzy that lured thousands of unemployed workers to North Dakota in the hopes of landing high-paying jobs, plummeting oil prices have sapped some oomph from the boom. As workers streamed into North Dakota, temporary camps popped up to meet the demand, and real estate developers followed suit with plans to create thousands of permanent apartments. Related: The North Dakota Boom That’s Going Bust After Oil’s Plunge But crude oil prices have fallen more than 50 percent in the...
  • 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 · 161 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 · 215 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,...