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Report: Californians with higher incomes beating out Nevadans for homes
Californians moving to Nevada earn about a third more than in-state residents who didn’t move, according to a new study by the University of Nevada-Las Vegas.
So, it’s pretty clear the data shows the Silver State can’t compete with the Golden State’s purchasing power, said Nicholas Irwin, the report’s author and research director for ...Read more
Real estate Q&A: Who should pay to fix storm damage caused by neighbor's overgrown tree?
Q: During the recent storm, my neighbor’s overgrown tree was knocked over, destroying our fence and clipping our roof. It will cost quite a bit to repair it, and I think my neighbor should pay for it. I warned him the tree was too large. Also, who should pay to remove the tree from my yard? —Celine
A: Your first step in dealing with this ...Read more
Warehouse advance in Riverside County, California, threatens rural lifestyle: 'Where does it stop?'
RIVERSIDE COUNTY, California — Seen from above, the industrial-scale warehouses straddling Interstate 215 where it intersects Mead Valley shimmer like a sprawling lake of white concrete boxes.
In this unincorporated Riverside County community, the big-box distribution hubs responsible for fulfilling online shopping orders have long been ...Read more
You don't need to be a real estate mogul to start a property investment portfolio
Many people have dreams of a HGTV, house-flipping fairytale to earn big profits, but not everyone wants to renovate a fixer-upper or be a landlord.
Luckily, there’s a host of investment options that can be less hands-on so even the most novice wannabe real estate mogul can succeed. Investing several thousand in real estate funds, putting down...Read more
After outcry, Greyhound plans to stay at its Chicago station at least a little longer
After pushback at the prospect of Chicago’s Greyhound bus station closing, the company that owns the intercity bus line says it plans to stay at the site a little bit longer.
Greyhound’s lease at the station on Harrison Street near downtown was set to expire Sunday, sparking months of efforts to find a suitable alternate site to serve bus ...Read more
Here's where the next Sphere is going to be built
Within a few years, the Las Vegas Sphere won’t be the only Sphere in the world.
New York-based Sphere Entertainment Co. announced Tuesday that an agreement has been reached by the company with the Department of Culture and Tourism-Abu Dhabi, known as DCT Abu Dhabi, that a second Sphere will be built in the United Arab Emirates.
The company ...Read more
Wedbush Securities joins downtown LA exodus, opting for smaller, more flexible office in Pasadena
One of downtown Los Angeles' familiar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic.
Financial services firm Wedbush Securities has begun its move from a prominent office tower to Pasadena, where it will occupy much smaller offices meant to accommodate employees...Read more
Bay Area exodus: Poll finds nearly half of residents want to leave region's challenges behind
While growing up in the Bay Area, Michelle Hailey never imagined leaving it. But these days, as the West Oakland property manager grapples with increases in taxes and living expenses, and passes homeless encampments almost daily, she feels differently.
“I sometimes have dreams of the moving truck pulling up to get me out of here,” said ...Read more
Commentary: Reality bytes -- Kids confuse the real world with the screen world
Doesn’t it feel like summer break just began? Yet here we are again. Fall’s arrival means kids have settled into a new school year with new teachers, new clothes and a new “attitude” for parents and kids alike, to start on the right foot.
Yet it’s hard for any of us to find footing in an increasingly polarized and isolated world. The ...Read more
A wildfire charred their LA yard -- but it let them create a lush native plant landscape
LOS ANGELES -- It was 12:30 a.m. on Oct. 10, 2019, and Phil Hinch was in his bed, "dead to the world," when he heard someone pounding on the door of his Porter Ranch home. His wife, Margaret, was on a business trip in New York; their two young children were in their rooms, fast asleep.
The porch was empty when he groggily opened his front door,...Read more
Atlanta ranked as best US city for Black homebuyers
New research published Thursday found Atlanta is the best city for Black people who want to get on the housing ladder. But it also reinforced findings on the gulf between white and Black homeownership in the US.
The report published by Columbia, Miss.-based Mortgage Research Center suggests the Atlanta-Sandy Springs-Alpharetta area is the most ...Read more
Does your deed say Black, Jewish, or Polish people can't live in your home? In Pa., there's a new way to address old discriminatory language
In 1927, 44 homeowners living on West Penn Street in Germantown, Pennsylvania, got together to write a rule for who could and couldn’t buy or rent their properties. They excluded everyone “other than those of the Caucasian race.”
And then they went even further.
If anyone of any other race occupied any of the properties, the covenant ...Read more
Real estate Q&A: What should we do if our house is damaged by a hurricane?
Q: We are new to Florida and dealing with our first major storm. Many people are telling us how to prepare, but not the realities of dealing with damage to our new home, should it occur. What do we do if something happens? — Justin
A: Natural disasters can occur no matter where someone lives. For some people, it could be a hurricane; for ...Read more
Office vacancy levels soar to record highs in biggest Bay Area markets
SAN JOSE, California — The Bay Area’s three primary office markets, haunted by empty buildings, have reached forbidding new milestones of record-high vacancy levels, according to a grim new report.
Silicon Valley, which roughly equates to Santa Clara County; downtown Oakland; and San Francisco all hit record-high office vacancy rates in the...Read more
Miamians are the most rent-burdened people in America -- and they're stressed about it
Their budgets strained, Miami metro residents are distressed about life in their increasingly unaffordable community.
More than three-quarters of South Floridians report difficulty paying for usual household expenses, according to the Census Bureau’s newest Household Pulse Survey released on Thursday.
That makes greater Miami — which ...Read more
Some California homesellers are letting buyers who can't get insured pull out of deals
To protect themselves from entering into a deal that could come back to bite them, homebuyers are advised to write contingencies into an offer, so they can pull out of a deal or renegotiate the price if an inspection or appraisal surfaces new issues.
But what if a buyer can’t find insurance?
This summer, the California Association of ...Read more
The 2024 election and your retirement: How to stay financially prepared regardless of who wins
The 2024 elections are right around the corner, and it’s been one of the most contentious campaign seasons in recent memory. For retirees, the outcome of the election has some ramifications, especially with a looming Social Security shortfall, which could lead to drastic cuts in benefits. Whoever is elected this year could help shape how the ...Read more
Does an annuity make sense if you don't have a high net worth?
Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile.
While it’s true that some annuities, especially those offering guaranteed lifetime income, require significant capital, ...Read more
Survey: Americans think money is more taboo to talk about than their political or religious views
American culture changes at a breakneck pace — just ask fans of Stanley cups and skinny jeans in 2024. But over the past decades, one mantra hasn’t changed much: Don’t talk about your personal finances. Today, money is such an awkward topic that only 38% of U.S. adults feel comfortable discussing their bank account balances with family and...Read more
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