User: demo Topic: Housing
Category: Foreclosures
Last updated: Jul 02 2018 16:34 IST RSS 2.0
 
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Will the Tax Act Set Back Private Equity? 2.7.2018 American Prospect
AP Photo/Andrew Harnik, File House Speaker Paul Ryan, left, and House Ways and Means Committee Chairman Kevin Brady, second from left, congratulate each other after signing the final version of the GOP tax bill during an enrollment ceremony at the Capitol in Washington Section 13301 of the  Tax Cuts and Jobs Act  spans only 12 of the legislation’s 503 pages. It doesn’t cover the giant corporate tax rate cut, the trim to the top marginal rate, or changes to pass-through income. It wasn’t part of anyone’s talking points, whether touting or damning the tax overhaul. After passage, few even understood how it got into the bill. But Section 13301 could affect the lives of millions of Americans. It could radically upend the balance sheets of some of the most powerful financial institutions in the country. It’s hard to know at this point exactly how these firms will compensate for the changes. But it does show how small shifts in the tax laws can have wide-ranging, unanticipated consequences. What does Section ...
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Denver approves $2.5 million in tax breaks for affordable housing in historic, run-down First Avenue Hotel on Broadway 26.6.2018 Denver Post: Local
The Denver City Council on Monday approved $2.5 million in tax breaks for the redevelopment of Broadway's former First Avenue Hotel into more than 100 micro-apartments renting at below-market rates.
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Trump's Bank Regulator Flips Obama's Script 9.6.2018 Wall St. Journal: Policy
Former banker Joseph Otting is now a top U.S. banking regulator, and he is reversing a number of his predecessor’s biggest initiatives. Financiers are pleased with the more conciliatory approach—for now.
Elizabeth Warren’s Protégé Is Running for Congress in Orange County—and Might Actually Win 29.5.2018 Mother Jones
Katie Porter was a rookie law professor at the University of Iowa in 2006 when she started asking questions about mortgage fraud. Egged on by a $100 million lobbying campaign from the financial services industry, Congress had recently overhauled federal bankruptcy laws, and much of the debate in policy circles focused on how the people […]
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Wall Street is scooping up homes for rent again as leasing prices outpace apartment rents 18.5.2018 LA Times: Business

Wall Street landlords are back in action.

Institutional investors bought more single-family rental homes in 2017 than in previous years, the first increase since 2013, according to data compiled by Amherst Holdings LLC.

Wall Street firms such as Blackstone Group LP and Tom Barrack’s Colony Capital...

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Why the financial crisis in Argentina matters 14.5.2018 Washington Post
Why the financial crisis in Argentina matters
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Virginia is for landlords 12.5.2018 Washington Post: Op-Eds
State laws are creating an eviction crisis.
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Wayne Gretzky shells out $13.5 million for a familiar place in Thousand Oaks 5.5.2018 LA Times: Commentary

NHL Hall of Famer Wayne Gretzky has reclaimed his former estate in Thousand Oaks, paying $13.5 million for the sprawling compound.

The 6.5-acre property has had quite the journey since Gretzky sold it to ex-New York Mets star Lenny Dykstra in 2007 for $18.5 million. Dykstra, riddled with financial...

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Cook County selling nearly 3,200 vacant lots to encourage redevelopment 1.5.2018 Chicago Tribune: Business
Continuing its quest to spruce up city and suburban neighborhoods, the Cook County Land Bank is putting 3,189 vacant lots up for sale. The lots will be made available at below-market rates to individuals, developers and organizations. The land bank is hoping those who buy the properties will ...
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Hockey legend Wayne Gretzky reunites with Thousand Oaks mansion in $13.5-million deal 25.4.2018 LA Times: Commentary

NHL Hall of Famer Wayne Gretzky has reclaimed his former estate in Thousand Oaks, paying $13.5 million for the sprawling compound, The Times has confirmed.

The 6.5-acre property has had quite the journey since Gretzky sold it to ex-New York Mets star Lenny Dykstra in 2007 for $18.5 million. Dykstra,...

Denver-area home prices just won’t stop. Gains accelerate after slowing down last year 25.4.2018 Denver Post: News: Local
Metro Denver home price gains, after running in the 7 percent range since last summer, have defied hopes they would calm down and accelerated back above 8 percent in February, according to the S&P CoreLogic Case-Shiller Indices.
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We know an awful lot about Manafort and Russia. Trump can’t make it disappear. 24.4.2018 Washington Post
We know an awful lot about Manafort and Russia. Trump can’t make it disappear.
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Family of boy killed in Vail avalanche awaits wrongful death trial 24.4.2018 Denver Post: Local
More than 2,330 days from the day Taft Conlin died in an in-bounds avalanche on Vail Mountain, his family will finally have its days in court.
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Fox News host Sean Hannity says he never talked to HUD about loans that helped his real estate investments 23.4.2018 LA Times: Commentary

Fox News host Sean Hannity said he had no direct discussions with the Department of Housing and Urban Development regarding loans for his real estate holdings revealed in a Sunday report by the Guardian.

The Guardian reported that Hannity has investments in shell companies that have bought real...

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What to do when family members who co-own a property don't pay their fair share of taxes 23.4.2018 Washington Post
What to do when family members who co-own a property don't pay their fair share of taxes
AT&T says its pre-5G mobile service coming to Denver this year 21.4.2018 Denver Post: Local
But AT&T's so-called 5G Evolution service, which the company said is two times faster than standard LTE wireless, is not 5G. True 5G speeds are supposed to hit 1 gigabit per second.
Denver judge awards more than $1.9 million to attorney, businesses accused by state of price gouging during nation’s foreclosure crisis 21.4.2018 Denver Post: Local
A Denver judge on Friday awarded more than $1.9 million to foreclosure king Larry Castle and two associated businesses who successfully defended themselves against Colorado attorney general allegations of price gouging during the nation’s foreclosure crisis.
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GE Takes Hit From Old Mortgage Unit, Cites Other Progress 20.4.2018 Wall St. Journal: US Business
General Electric reported a quarterly loss as the conglomerate took a $1.5 billion charge related to a subprime mortgage business it once owned, but the company said it was making progress on its cost-cutting efforts and reaffirmed its 2018 financial targets.
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How the Pulitzer jury opened its doors to hip-hop 19.4.2018 Minnesota Public Radio: News
The Pulitzer Prize for Kendrick Lamar's DAMN. represents a shifting tide in rap's cultural status. But a juror who helped select the prize says it means as much for an institution like the Pulitzers.
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Why America Needs More Social Housing 16.4.2018 American Prospect
This article appears in the Spring 2018 issue of The American Prospect magazine.  Subscribe here .  The quest to provide what has come to be called “affordable housing” in America is hobbled by one fundamental reality. Too much housing is in the market sector and too little is in a social sector permanently protected from rising prices. The result is that supply and demand relentlessly bids up market prices. Government is required to provide deeper and deeper subsidies to keep rents within the bounds of incomes, so fewer and fewer people get any kind of help. This is true whether the form of public subsidy is tax breaks, direct subsidies, vouchers, or deals with developers to set aside some percent of units as affordable. In most cities, the median rent far exceeds what median incomes can afford. In cities with hot housing markets, homeownership is even further beyond reach for those who do not already own homes, exacerbating competition for scarce apartments. The idea of having a permanent sector of ...
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