All Posts Tagged as 'Real Estate'
Welcome to Errattic! We encourage you to customize the type of information you see here by clicking the Preferences link on the top of this page.
First Affordable Housing Complex For LGBT Seniors Opens
History was made on Long Island when the nation’s first suburban LGBT senior housing center opened its doors Friday.
First Affordable Housing
Massachusetts couple say they are 'traumatized' after being falsely accused of stealing fruit...
A black family has claimed they were racially profiled and falsely accused of stealing while on a Labor Day trip to an apple picking farm.
In a blog post which has gone viral, Reverend Manikka Bowman and Jeff Myers claimed that staff at Connors Farm in Danvers, Massachusetts, accused them of having 'concealed fruit' in their stroller and called the police.
The couple had been on an apple picking trip with their seven-year-old daughter and 18-month-old son when the mood 'dramatically changed.'
Massachusetts couple say they are 'traumatized'
Home appraisal increased by almost $100,000 after Black family hid their race
...racism is 'innate within the reality of white people'...
Angry Napa Valley residents go to war with startup that is buying luxury homes in exclusive neighborhoods across US to sell as timeshares and enraging wealthy neighbors
Pacaso, founded in October by executives from the real estate company Zillow, aims to do to second homes what Airbnb did to hotels and Uber did to taxis. It targets luxury neighborhoods slightly off the usual tourist trails.
Critics say it changes the nature of a neighborhood; the company insists it is making exclusive communities more accessible and, by allowing eight people to share ownership of one home, reducing the intense demand on housing stock.
Angry Napa Valley
Israeli food truck is BANNED from Philadelphia food festival: Organizers accused of bowing to anti-Semitism
San Francisco is paying $60,000 PER TENT for a homeless encampment and now city officials want an additional $20 million to extend the program for two years
One person is shot dead and several injured in robbery gone wrong at the Hollywood Hills home of Fashion Nova CEO Richard Saghian
Homeless man is arrested over ten-day spree of attacks on women in Chicago including doctoral student, 31, who was stabbed to death in broad daylight as crime continues to surge across America
UK neighbors cut tree in half over bird poop dispute: ‘We were absolutely distraught’
Lizzie Borden-Owned House That She Lived in After the Axe Murders of Her Family on the Market Again
A house once lived in by famed alleged murderer Lizzie Borden is up for sale.
Currently owned by Donald Woods and Leeann Wilber, the Fall River, Massachusetts, Queen Anne house that was recently sold in 2018 is now up for grabs for $890,000, according to the Herald News.
Borden lived there with her sister Lizzie from 1893 to 1927, after purchasing the house following her acquittal for the 1892 murders of her mother and stepmother, which were committed with an ax.
Lizzie Borden-Owned House
Gay People Do Not Have License to Weaponize Homophobic Slurs
San Francisco, it turns out, is not all flowers and gentle people. Livable California, the statewide anti-density organization with headquarters in the city, recently used a homophobic slur about my coworker and me. In a July 9 response to someone else’s tweet on the topic of housing, Isaiah Madison, a member of the board of directors of Livable California, wrote:
"I don’t get paid by Livable California Mr. Anonymous. I fucking wish I did though lol. Maybe Abundant Housing can hire me like they did the other brown &black faggots to push for new housing on vacant parcels of land/strip malls once y’all get the fuck off of my community’s homes[.]"
Gay People Do Not Have License to Weaponize Homophobic Slurs
Parents Say School Expelled Elementary Students After Raising Coronavirus Concerns
As the second full week of school closures comes to an end, many Bay Area parents are anxiously waiting to hear that it’s safe for their kids to return to class. But for a group of parents in the South Bay, their kids still won’t be allowed back on campus when classrooms reopen after administrators decided to withdraw their children from school in a move that left parents stunned.
The school’s decision comes after a series of critical Facebook comments from parents questioning the school’s response to the coronavirus pandemic.
“I was devastated,” a parent told NBC Bay Area when she learned her child is no longer enrolled. “I feel the school is just retaliating against us.”
NBC Bay Area
Coronavirus Heroes Are Getting Tossed From Their Homes by Scared Landlords
'It's just despair': Many Americans face coronavirus with no water to wash their hands
NYC has a penthouse problem, LA has a mansion problem, and Miami has a condo problem
Miami condos may boast ocean views and luxury living, but that's no longer enough to get them off the market.
Long a city for vacation homes and foreign buyers seeking safe investments, Miami is now faced with a surplus of condos, reported Candace Taylor for The Wall Street Journal. Its high-end real-estate market has slowed in recent years, with condo sales in Miami Beach decreasing by 24% over the past four years, she said.
The condo craze began in the early 2000s, Taylor reported. The market imploded during the financial crisis, but Latin American buyers — along with buyers from Europe and America — brought it back to life post-recession.
But what were once strong South American economies are now suffering, and Latin American buyers have less buying power in the US, according to Taylor. Their disappearance isn't the only factor driving the abundance of empty condos — the threat of rising sea levels and the preference for large houses are also shaping the trend, she said.
Do you consider your home a great investment? Think again
Your home may be many things. A place to raise your family. An opportunity to put down roots.
But one thing it is not is a great investment, according to Jonathan Clements, editor of HumbleDollar.com and author of “How to Think About Money.”
That’s because the price appreciation of a house is “pretty modest” — about 1% a year faster than inflation, historically speaking, he said.
Freddie Mac is forecasting home prices will grow 3.6% in 2019 and 2.6% in 2020. According to the latest figures from the Labor Department, the inflation rate as tracked by the Consumer Price Index is 2% for the 12 months ending in April.
“You put it all together and most people are not keeping up with inflation after costs, and they may even be underwater, ” said Clements, who prefers the higher long-term rate of return of the stock market.
After Smart Lock Allegedly Traps Senior in Apartment, Tenants Sue for Physical Keys and Win
Tenants at a property in New York City just struck a deal in what is both a wildly reasonable ask but also a crucial development at a time of increasing surveillance—their landlord has to give them physical keys to their building.
Five tenants in Hell’s Kitchen sued their landlord in March after the owners installed a Latch smart lock on the building last year. It is unlocked with a smartphone, and reportedly granted tenants access to the lobby, elevator, and mail room. But the group that sued their landlords saw this keyless entry as harassment, an invasion of privacy, and simply inconvenient.
“We are relieved that something as simple as entering our home is not controlled by an internet surveillance system and that because we will now have a mechanical key they will not be tracking our friends and our family,” 67-year-old tenant Charlotte Pfahl, who has lived in the building for 45 years, told the New York Post.
“It’s a form of harassment,” 72-year-old artist and tenant Mary Beth McKenzie told the Post in March. “What happens if your phone dies? I don’t want to be stuck on the street and I don’t want to be surveilled.”
Your House Should Not Be Your Retirement Plan
The average American is more likely to own a home than to have saved enough money for retirement. In fact, for many Americans, their house is their retirement plan: They’re counting on the value of that nest egg to fuel their golden years. But while real estate can be a good investment, it isn’t wise to rely on a house to fund your retirement. To explore why, Barron’s spoke with Teresa Ghilarducci, the Irene and Bernard L. Schwartz Chair in economic policy analysis in the Economics Department at the New School, and the author of How to Retire With Enough Money.
“You can’t eat your house a sandwich at a time,” she says.
YOUNG PEOPLE ARE CHOOSING TO LIVE IN “PODS” INSTEAD OF APARTMENTS
Young people have long chosen to rent coworking spaces and take rideshares instead of buying cars.
Now, some are pushing the sharing economy to its logical conclusion: NPR reports that young people in Los Angeles — and other cities around the country — are choosing to rent small pods instead of an apartment.
Through a service called PodShare, young people are giving up the comfort of a private home for a bunk bed with shared kitchen and bathroom facilities.
The Affluent Homeless: A Sleeping Pod, A Hired Desk And A Handful Of Clothes
Gay Couples 73% More Likely to Be Denied By Mortgage Lenders Than Straight Couples: Study
A new study, looking at mortgage data from 1990 to 2015 finds that gay couples were 73% more likely to be denied in their mortgage applications than heterosexuals. And those who did get approved often faced higher rates.
On average, gay borrowers paid an extra 0.2% in interest and fees, adding up to an extra $86 million per year. Same-sex couples, however, do not present a higher default risk, said study authors Hua Sun and Lei Gao.
Housing's hidden crisis: Rural Americans struggle to pay rent
Housing has been famously unaffordable in expensive cities such as San Francisco for a while. But now in tiny towns and counties across the country, an increasing share of rural residents are struggling to pay their rents and mortgages.
The housing affordability crisis is spreading to rural communities such as Aroostook County, Maine, and Malheur County, Oregon, where the share of residents who are severely burdened by housing costs has surged since the housing crash of 2006 to 2010, according to the County Health Rankings. Other researchers are also calling attention to the issue, with Pew's Stateline finding that one of four of the country's most rural counties have seen a rise in severely cost-burdened households -- those that spend more than half their income on housing.
Fifty years ago, the most urgent issue for rural communities was substandard housing, such as whether residents relied on outhouses rather than indoor plumbing, noted Lance George, director of research and information at the Housing Assistance Council, a nonprofit focusing on rural housing. But affordability now ranks as the top housing concern among rural residents, he said.
Loads of houses are up for sale -- but middle-class buyers are still shut out
Despite an uptick in homes on the market and weakening home sales across the country, home ownership is out of reach for a growing number of middle-class buyers, according to a recent report from real estate brokerage Redfin.
An analysis of U.S. homes on the market in 2017 and 2018 found that the number of affordable homes for sale has decreased in 86 percent of metro areas (of 49 included in the study), even as the number of homes on the market grew. While buyers normally benefit from better availability in competitive housing markets, it doesn’t help if the majority of available homes are priced for the wealthy.
“For the past few years, home prices have gone up faster than wages,” said Daryl Fairweather, chief economist at Redfin. “That kind of growth really isn’t sustainable. At a certain point, there won’t be enough buyers left for the homes left on the market.”
I was fired for refusing to cheat on my wife: suit
His good looks got him a pink slip.
Real estate broker Regis Roumila claims he was kicked to the curb four months into his job at Christie’s International Real Estate because he refused to cheat on his wife.
Roumila repeatedly spurned the advances of a sexually aggressive female colleague and was later terminated, he charges in a Manhattan Supreme Court lawsuit.