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According to Forbes recent list of the world's billionaires, President Donald Trump lost more than $400 million during 2017 and is now worth $3.1 billion. Forbes cited the dropping value of Trump Tower in New York City due to the rise of e-commerce as a major factor ...

The Motor City has a deal for you—classical homes with a starting price of just $1,000. The online auction for abandoned, but sturdy homes is the latest plan by city leaders to fight blight and boost property values as Detroit crawls its way out of bankruptcy. […] The city isn’t hiding the fact that nearly all of the homes up for auction will require a lot of work to repair. …

Green Township is being singled out because federal investigators believe the housing authority blocked new public housing there for at least the past two years. More public housing for the poor is likely headed to Green Township and some other communities as part of a deal to resolve a discrimination complaint against Cincinnati's housing authority.

Think the value of your house has dropped this year? Take a look at the White House. The value of 1600 Pennsylvania Avenue has dropped nearly $80 million from its $331.5 million value at the peak of the housing boom to today's $253.1 million, reported the Los Angeles Times. A year ago, 1600 Pennsylvania Avenue was worth $292.5 million, according to WalletPop. Nor is the president's home alone in that slump, despite the many, small improvements President Obama made to the property when he moved into the Oval Office. Many luxury homes in "the Washington Metropolitan area [are] going the...

Even though some homes in Detroit literally sell for $1, we're still surprised to see how little an entire stadium fetches. In this case it's the famous Pontiac Silverdome Detroit News: Nearly 25 years after taxpayers spent $55.7 million building the Pontiac Silverdome and a year after a $20 million sale fell through, city officials have sold the arena once called the most desirable property in Oakland County. The price: $583,000. The broker, David J. Leitch, is quite upset about the final selling price. And hey, can you blame him? "The property alone, at $10,000 an acre, should have gone...

The Los Angeles times is reporting that the California state senate has passed a bevy of bills that will increase the cost of doing business. First, they passed a bill, SB 789, to allow the state equivalent of federal “card check,” allowing farmworkers unions to form without a secret ballot. According to the LA Times, “Instead of holding an election with secret ballots, workers could submit cards, signed by a majority of the workers asking for representation, to state labor authorities.” This is bad policy – and more than that, it encourages bullying tactics from union thugs. How many people...

We're continually amazed by the brave gazillionaires who list their multimillion-dollar homes in this environment -- economic crisis or not -- knowing that their properties won't fetch top dollar. And we're equally fascinated by how few of those houses have sold. Among the multimillion-dollar San Francisco houses listed over the last week, three are priced above $5 million; six are priced between $2.7 million and $4.7 million; and a couple are prices slightly upwards of $2 million. The priciest of the bunch is 1188 Lombard Street -- a three-bedroom, Mediterranean-style Russian Hill home owned by Byron Meyer, who, as far...

The Treasury, the Federal Reserve Bank, and the new administration are making two fundamental mistakes. They are failing to concentrate their minds on the value of our homes. And they are dumbly underestimating the size of the correct response. The first error leads to the second. How could you know what weapon to use when you don’t know what war you are fighting?

Earlier this month Andrew Sullivan, a well-known writer, once in the center, now on the left, nominated me for what is apparently his lowest badge of distinction for defending citizens who shoot to wound graffiti vandals, or "taggers," while committing their vandalism. Under the heading, "Malkin Award Nominee," Sullivan provides a quote from my radio show: "'So you will now say -- I hear the voice of an ACLU member -- 'Dennis, do you think that this guy should have shot these people spray painting graffiti on his shop?' To which my answer is yes. I do. Not to kill....

FORT WORTH — Worldwide ERC®, the association for workforce mobility, and Primacy Relocation® announced that Fort Worth - Arlington, Texas; Knoxville, Tennessee; and Provo-Orem, Utah, are 2007's Best Cities for Relocating Families(TM) among large, medium and small U.S. metropolitan areas. The two organizations worked with Bert Sperling of Sperling's BestPlaces to rate cities based on those factors - short-term and long-term - that determine the likelihood of a successful relocation. (complete list at end of document) "The shrinking labor market and the higher demand to remain competitive when building a mobile workforce demand that companies take a closer look at...

Property owners or tenants who don't remove graffiti within two weeks after receiving notice from the city could be fined up to $500 under a proposal sent to the City Council on Monday. Councilman Adrian Garcia, chairman of the committee, said the change would help city officials enforce rules that require Houstonians to remove graffiti on their property in a timely manner. "People don't want to be at risk of getting a ticket," he said. Existing law requires property owners to abate graffiti within 30 days, or ask the city to do it.

Appraisals draw ire of residents BY JAMES GALLAGHER AVALANCHE-JOURNAL The value of Ken Cowling's home jumped more than 34 percent this year, and he is starting to wonder if it will ever stop going up. The home is now valued at more than $241,000, compared to about $180,000 last year. It's value has increased each year since 2003. Cowling said he'd sell his house, "if I could find someone who would pay for it." Several of Cowling's other properties also saw similar appraisal increases, including some duplexes. Cowling said he can't understand the increase since the duplex market in Lubbock...

Soaring property taxes are a top worry in state legislatures across the country, where lawmakers are trying to appease disgruntled homeowners and, in some cases, courts that are demanding change in the system so schools are more equitably funded. Some states are weighing plans to lower taxes. Others just want to keep them from rising too fast. Still others are aiming to substantially change the tax system and find another way to help pay for schools that closes the quality gap between wealthy and poor communities. "People are facing being taxed out of their homes," said Ted Harris, a 69-year-old...

DANBURY, Conn. - Mayor Mark Boughton blames the government for his town's inability to cope with 15,000 illegal immigrants, approximately 19 percent of the overall population. "This is one community that has been incredibly stressed by failed federal policy and we need help," said Boughton. Because the illegal residents aren't counted in the U.S. census, Danbury doesn't receive any federal aid for them. "In terms of our social services, this presents a tremendous strain, particularly on quality of life of our neighborhoods, our schools our health care system," Boughton said. Residents complain the influx is killing property values. Homeowner Peter...

The son of a billionaire printing-company mogul who was found to be running a secret S&M sex club for gay men from his penthouse apartment is now being sued by the other condo owners. A corporation set up to manage the posh 12-story condo complex in Gramercy Park has filed suit against H. Richard Quadracci — the subject of a Post investigation — in an attempt to get him to stop running his kinky Winter Palace club, saying it violates the condo association's bylaws. "The unit owners respect his right to live the way he chooses, but when you have...