User: demo Topic: Housing
Category: Housing Market
Last updated: Oct 24 2018 01:37 IST RSS 2.0
 
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Blackstone Spends Huge to Kill California Rent Control 24.10.2018 American Prospect
(Photo by Jessica Goodheart) Capital & Main  is an award-winning publication that reports from California on economic, political and social issues. The American Prospect is co-publishing this piece. One of California’s most hotly contested ballot measures, Proposition 10, would repeal the 23-year-old Costa-Hawkins Rental Housing Act that restricts a city’s ability to apply rent control to post-1995 construction and exempts single-family homes from regulation. Proposition 10’s opponents claim it will worsen the state’s housing crisis, which has left teachers, blue-collar workers, and retirees struggling to keep roofs over their heads . To that end, the No on Prop 10 campaign has deployed an ensemble of small property owners, nonprofit housing developers, and veterans as spokespeople against the measure. However, topping the list of No on Prop 10’s big donors are some of the country’s largest landlords—many funded by Wall Street investment dollars—whose bottom lines could be negatively affected by Prop ...
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Housing Market Positioned for a Gentler Slowdown Than in 2007 14.10.2018 Wall St. Journal: US Business
The U.S. housing market is running out of steam, but its slowdown looks nothing like the historic collapse that took down the whole economy in 2007.
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The Return of American Socialism 11.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine. Subscribe here .  In 1960, the young socialist Michael Harrington traveled to Ann Arbor to provide what help he could to the fledgling radical movement at the University of Michigan, and to see if he could recruit some students to the Young People’s Socialist League. He had particularly long talks with the 20-year-old editor of The Michigan Daily (the student newspaper), Tom Hayden. Though the two hit it off, Harrington couldn’t make the sale. “He accepted much of my analysis,” Harrington later was to write, “yet he balked at the socialist idea itself.” Harrington was no slouch at converting progressives to socialism; an unusually high percentage of the members of the Democratic Socialist Organizing Committee (which he founded in 1973) and its successor organization, the Democratic Socialists of America (which he co-founded in 1982) signed up after having been intellectually and emotionally persuaded by one or more Harrington ...
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Bed Bath & Beyond Is Missing Out on Retail Rally 4.10.2018 Wall St. Journal: US Business
Bed Bath & Beyond survived the recession and outlasted rivals, positioning the seller of home-related items to benefit from a booming U.S. housing market. Instead, the chain is mired in a slump.
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It's been a decade since the Great Recession. Has the economy fully recovered? 31.8.2018 Minnesota Public Radio: Law & Justice
Ten years ago, the Lehman Brothers investment bank filed for chapter 11 bankruptcy. Their collapse is considered one of the first dominoes to fall in what ended up being a global financial crisis.
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The new housing crisis: Shut out of the market 6.8.2018 Minnesota Public Radio: News
Ten years after a housing collapse during the Great Recession, home values have rebounded but there are too few homes on the market. Buyers face intense competition, and that means higher prices.
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Young People Don't Want Construction Jobs. That's a Problem for the Housing Market 31.7.2018 Wall St. Journal: US Business
The share of young construction workers declined nearly 30% from 2005 through 2016, contributing to a labor shortage that has meant fewer homes being built and rising prices—possibly for years to come.
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Rochester construction is booming, but affordable housing lags 23.7.2018 Minnesota Public Radio: News
A Rochester city survey of residents shows that a strong majority is worried there isn't enough affordable housing for people working in the city's growing service industries.
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Home sales dip gives renovators, appliance sellers a boost 14.3.2018 AP Business
NEW YORK (AP) -- A slowdown in home sales is creating opportunities for small businesses like home renovators and appliance dealers....
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Goldman Sachs CEO Blankfein to retire by year end - report 9.3.2018 AP Business
NEW YORK (AP) -- Goldman Sachs Chief Executive Officer Lloyd Blankfein has started plans to retire and could do so as soon as the end of this year, The Wall Street Journal reported Friday....
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It’s boom time in Summit County, but where are all the building contractors? 13.2.2018 Denver Post: Business
The days when Summit County's contractors had to plow snow to make ends meet might be a memory, but as business rebounds from the Great Recession, at least one lingering effect remains: Contractors who survived are getting calls for far more work than they can do.
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Denver’s chronic housing shortage may peak this year, but the fix could take another decade 28.1.2018 Denver Post: Business
The deficit of homes and apartments in the region is so large, about 32,000 units, that it will put upward pressure on home prices for years to come, warns Phyllis Resnick, lead economist for the Colorado Futures Center at Colorado State University.
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Bay Area housing market shows no signs of cooling 27.1.2018 SFGate: Business & Technology
Housing in America’s most expensive region is going to get even pricier. For all the talk of the U.S. tax overhaul hitting wealthy blue-state real estate, the Bay Area is set for more home-price gains. Its technology-fueled economy and persistent housing shortage are sending values ever higher — and that may get even more pronounced as tech share sales mint more millionaires. “The scale of the wealth created here and the scale of the technology sector is going to outweigh the effect of the tax plan,” said Patrick Carlisle, chief market analyst with Paragon Real Estate Group in San Francisco.
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What to expect for your personal finances in 2018 20.12.2017 AP Business
No one wants to be caught off-guard when it comes to their finances. So The Associated Press asked several experts to share their opinion on what will happen with some key issues in 2018 that will directly impact your personal financial well-being. Here's a look at their forecasts:...
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The year in business: Amid market boom, tech in turmoil 20.12.2017 LA Times: Commentary
An airline passenger uprising, the remaking of L.A.'s downtown and the Trump administration's deregulation push were among the big business headlines in 2017. And through it all, the stock market kept climbing.
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Unhappy 10th anniversary, Great Recession. You still hurt us 14.12.2017 Minnesota Public Radio: News
The Great Recession began exactly one decade ago this month. Although the economy has been growing steadily for years, the downturn's impact is still deeply felt by millions who lost homes and jobs.
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Business survivors: AP revisits owners from recession years 14.12.2017 AP Business
NEW YORK (AP) -- They are business survivors - owners whose small companies withstood the Great Recession that forced thousands of others out of business. Along the way, many had to lay off workers, forgo salaries or find new ways to earn money....
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Job growth expected to keep slowing in California 7.12.2017 LA Times: Business

California’s economic engine has slowed somewhat in 2017 and that’s expected to continue in coming years as employers have trouble finding workers in the expensive state, according to a new report.

The latest UCLA Anderson Forecast, released Wednesday, calls for job growth of 1.8% by year’s end,...

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Housing activists raise alarm about turning over apartments for short stays 24.11.2017 LA Times: Commentary

Flanked by cameras, the activists marched into the glossy lobby of the downtown building and demanded to speak to the general manager.

The Olive Street building, they argued, had been approved by the city as condominiums and then turned into an “illegal hotel.” The website for Level Furnished Living...

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Essential California: High anxiety in Hollywood 6.11.2017 LA Times: Commentary

Good morning, and welcome to the Essential California newsletter. It’s Monday, Nov. 6, and here’s what’s happening across California:

TOP STORIES

High anxiety in Hollywood

Hollywood has always reveled in scandal. The rumors, the whispers. The unfortunate photographs. The apologies and returns to...

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