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Real Estate
02/23/2024
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By Cassie B.
Squatting is a widespread problem that’s flooding American neighborhoods with heightened criminal activity
Squatters are increasingly taking over homes across the nation in a trend that is bringing crime to previously safe neighborhoods and leaving homeowners frustrated and broke. Many squatters are turning to online listings to find vacant properties they can capitalize on, and they are getting away with it as countless states have laws in place […]
09/27/2023
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By Ramon Tomey
Homeless camp pops up on a Beverly Hills sidewalk as homelessness spills into the wealthier areas of California
The city of Beverly Hills in California, long known for its posh real estate, has attracted a new breed of clientele – homeless people. The Washington Engager cited one example of this new trend in a Sept. 25 piece, highlighting a picture of a homeless camp that popped up in one of the city’s sidewalks. According to […]
06/12/2023
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By Arsenio Toledo
San Francisco’s biggest hotels are shutting down due to unpaid debts as fewer tourists visit the crime-riddled, crap-smothered city
Park Hotels and Resorts, the owner of the two largest hotels in San Francisco, has announced that it has stopped making payments on a $725 million loan meant to keep its two hotels in the city running. The two hotels in question – Hilton San Francisco Union Square and JW Marriott San Francisco Union Square – […]
05/18/2023
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By Belle Carter
Misery Miles: Homeless denizens of Binford Road work multiple low-paying jobs to afford HIGH RENTS
The two-mile Binford Road in the city of Novato in California dubbed “Misery Miles” is home to many residents working up to two low-income jobs just to return to safe housing. According to the Daily Mail, some 135 motor homes, cars and shacks can be found along the stretch that can be reached via a […]
02/21/2023
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By Ramon Tomey
Real estate collapse: LA property management firm defaults on $755M loans
A property management firm in Los Angeles defaulted on $755 million loans for two office buildings under its wing. Fortune reported on Feb. 15 that Brookfield DTLA Fund Office Trust Investor, a subsidiary of Brookfield Corporation, is deeply in the red. Back in November of last year, the fund manager warned that it may face […]
08/08/2022
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By Ethan Huff
Housing bubble about to burst? Home price growth saw record slowdown in June followed by largest monthly inventory gain in over a decade
The Data & Analytics division of Black Knight, Inc. has released new data about the United States housing market that suggests cracks are beginning to form in that crusty old overinflated bubble. In June, the U.S. saw its single-greatest annual home price growth decline on record. Prices are still going up in many markets, but […]
05/14/2021
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By News Editors
California real estate agents say wealthy homeowners leaving for Arizona, Texas, other tax havens
(The Center Square) – California’s wealthiest residents sought to purchase luxury homes in other states during the COVID-19 pandemic, if not leave the state entirely. (Article by Cole Lauterbach republished from TheCenterSquare.com) A report from realty company Coldwell Banker suggests many of their California-based home sellers saw their wealthy clients selling and heading for more tax friendly climates […]
05/10/2021
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By News Editors
Welcome to the socialist paradise of California
If you like extremely high taxes, a ridiculously inflated cost of living, horrifying bureaucratic nightmares, rising crime rates, endless homeless encampments and “health restrictions” that make it nearly impossible to operate a small business successfully, then you are going to absolutely love California. Vast hordes of people have fled the state over the past 12 […]
03/25/2021
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By Ethan Huff
Covid squatters take advantage of California’s eviction moratorium by refusing to vacate home after selling to cash buyer
A young couple that paid $560,000 cash on Jan. 31, 2020, to purchase a four-bedroom home in the Southern California community of Riverside is still unable to move into their property more than a year later because the seller is refusing to vacate, taking full advantage of a Wuhan coronavirus (Covid-19) eviction moratorium loophole in […]
05/02/2017
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By News Editors
Of Bunkers, Bankers and Black Swans
And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin Diesel video library. France appears resigned […]
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