Housing Bubble 2: Return of the Ugly
- Lawsuits, customer complaints surround D.R. Horton builds in Lowcountrywww.live5news.com Lawsuits, customer complaints surround D.R. Horton builds in Lowcountry
Homeowners in Berkeley and Dorchester Counties say their new homes built by D.R. Horton are practically falling apart, despite county inspectors signing off on them months prior to moving in.
- Calif. lawmaker wants to ban firms from owning over 1,000 homessfstandard.com Calif. lawmaker wants to ban firms from owning over 1,000 homes
A California lawmaker says corporate landlords are part of the state’s housing crisis and wants to limit them to owning no more than 1,000 single-family homes.
- Washington State Ban on the Unhoused
cross-posted from: https://lemmy.world/post/15197917
> Washington State Ban on the Unhoused > > Original Article
- Toronto developers are getting desperate as no one is buying condos anymorewww.blogto.com Toronto developers are getting desperate as no one is buying condos anymore
Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...
cross-posted from: https://lemmy.ca/post/21041217
> Toronto developers are getting desperate as no one is buying condos anymore > > > Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...
- He was evicted and his home was later listed on Airbnb. Meanwhile, his landlord hosted a charity event to end homelessnesswww.thestar.com He was evicted and his home was later listed on Airbnb. Meanwhile, his landlord hosted a charity event to end homelessness
The Landlord and Tenant Board found the landlord's conduct 'deplorable,' saying they clearly took advantage of a vulnerable tenant.
cross-posted from: https://lemmy.ca/post/21108234
> He was evicted and his home was later listed on Airbnb. Meanwhile, his landlord hosted a charity event to end homelessness > > > The Landlord and Tenant Board found the landlord's conduct 'deplorable,' saying they clearly took advantage of a vulnerable tenant.
- How Airbnb accidentally screwed the US housing market and made $100 billionwww.arktrek.shop How Airbnb accidentally screwed the US housing market and made $100 billion
Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profi...
cross-posted from: https://lemmy.world/post/15333703
> How Airbnb accidentally screwed the US housing market and made $100 billion
- Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.com Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
cross-posted from: https://lemmy.world/post/15303533
> Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
- American Airlines is Issuing 'Poverty Verification Letters' For New-Hire Flight Attendants Because Their Wages Are So Lowwww.paddleyourownkanoo.com American Airlines is Issuing 'Poverty Verification Letters' For New-Hire Flight Attendants Because Their Wages Are So Low
American Airlines is reportedly issuing so-called ‘poverty verification letters’ for some new-hire flight attendants based in the most expensive metro areas in the United States, urging the recipients to help out the flight attendant because they are only set to warn little more than $27,000 per yea...
cross-posted from: https://kbin.earth/m/nottheonion@lemmy.world/t/90648
> American Airlines is Issuing 'Poverty Verification Letters' For New-Hire Flight Attendants Because Their Wages Are So Low
- Have you tipped your landlord for Mother's Day?
cross-posted from: https://lemmy.world/post/15328289
> Have you tipped your landlord for Mother's Day?
- bOth sIDeS aRe ThE SaME!!1!
cross-posted from: https://lemmy.world/post/15259571
> bOth sIDeS aRe ThE SaME!!1!
- Maui Mayor Richard Bissen announces bill to phase out vacation rentals in apartment districts | Maui Nowmauinow.com Maui Mayor Richard Bissen announces bill to phase out vacation rentals in apartment districts | Maui Now
Thousands of short-term vacation rental apartments could begin switching to long-term housing for residents as early as July 1, 2025, for West Maui, and Jan. 1, 2026, for the rest of Maui County in a proposed measure announced today by Mayor Richard Bissen.
An estimated 7000 AirBnB rentals to be eliminated by 2026.
- Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demandwww.yahoo.com Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
Home prices fell in five parts of Florida and Texas as buyers balked at high values and steeper mortgage rates, and supply caught up with demand.
- We mapped out all 400 apartment complexes accused of rent price-fixing in Arizonacoppercourier.com We mapped out all 400 apartment complexes accused of rent price-fixing in Arizona
The Arizona Attorney General is suing nine real estate conglomerates for conspiring to create a rent monopoly.
- Wall Street has spent billions buying homes. A crackdown is looming.www.wsj.com /real-estate/wall-street-has-spent-billions-buying-homes-a-crackdown-is-looming-f85ae5f6
cross-posted from: https://lemmy.world/post/15237248
> Wall Street has spent billions buying homes. A crackdown is looming. > > Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices > > Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again. > > Democrats in the U.S. Senate and House have sponsored legislation that would force large owners of single-family homes to sell houses to family buyers. A Republican’s bill in the Ohio state legislature aims to drive out institutional owners through heavy taxation. > > Lawmakers in Nebraska, California, New York, Minnesota and North Carolina are among those proposing similar laws. > > While homeowner associations for years have sought to stop investors from buying and renting out houses in their neighborhoods, the legislative proposals represent a new effort by elected officials to regulate Wall Street’s appetite for single-family homes. > > These lawmakers say that investors that have scooped up hundreds of thousands of houses to rent out are contributing to the dearth of homes for sale and driving up home prices. They argue that investor buying has made it harder for first-time buyers to compete with Wall Street-backed investment firms and their all-cash offers. > > Non-paywall link
- Illegal real estate sales of Palestinian land are happening around the UStherealnews.com Illegal real estate sales of Palestinian land are happening around the US
The sale of land parcels in Gaza, the West Bank, and Jerusalem is happening in violation of international and domestic civil rights law.
- The Big Questions Hanging Over a Blackstone Fundwww.nytimes.com The Big Questions Hanging Over a Blackstone Fund
Wall Street has been debating how the investment giant’s $59 billion real estate fund has managed to outperform virtually all its rivals.
- Is the Capital Gains Tax Change Flooding the Housing Market with Listings?thedeepdive.ca Is the Capital Gains Tax Change Flooding the Housing Market with Listings?
There appears to be a rise in the number of listings in the Greater Toronto Area whose sellers are “looking
