A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday.
A ProPublica investigation — based on court documents, #property records, company training materials and interviews with 48 former franchise owners and dozens of #homeowners — found HomeVestors franchisees that used #deception and targeted the #elderly, infirm and those so close to #poverty that they feared homelessness would be a consequence of selling.
Did you know that there's a place in #Europe that still has a #feudal system?
The #crown dependency of #Sark is a curious place. It has no paved #roads & #cars are forbidden, #women only got the right to inherit #property in 1999, & the whole island is, to this day, a fiefdom.
This means the #monarch is the head, with a #lord (seigneur here) as the executive power & the tenants (effectively liegemen) as the vassals.
They Were Promised Help With #Mortgage Payments. Then They Got a #Foreclosure Notice.
#Homeowners enrolled in Nevada’s mortgage assistance program have received foreclosure notices when the money fails to make its way from the federal government to the loan providers on time.
So, #police park down the street, no lights / siren , walk onto the #property, start shining bright flashlights around and through windows late at night, bunch of them bang on the door multiple times, with bright police flashlights shining in face.
#Home#owner opens door armed, police #kill him. No police will be charged.
OH, and BTW, the Police were responding to a disturbance / domestic violence call and arrived at the #WRONG#HOUSE. AKA they were banging on door.
"Under the law, which dates to 1901, if a tenant’s rent is a day overdue, they forfeit their right to be in the property. If they don’t leave their homes within 10 days of getting a notice from their landlords, they can be charged with a misdemeanor and fined for each day they overstay." #inhumane#criminal#wealth#property#homeless#prison#housing#inequality
Meanwhile in #Scotland, an altogether mire enlightened approach to dealing with unused & 'ownerless' #property is underway.... as the Guardian points out this is a massive contrast to the (still) feudal approach in the rest of the UK which sees the state & the Crown capture 'ownerless' assets for their own profit.
Sadly, I doubt we'll see anything like this south of the border.
I'm especially interested in the potential conflict between concepts of #land#landback and #property and rights concerning #geography between cultures who associate themselves with belonging to the land vs. so-called true nomadic or semi-nomadic cultures (not so much pastoral nomads who still have a sense of belonging to a specific geography).
Added bonus if there is an intersection with #leftist, especially #communist critique.
Ah yes, the old law school hypothetical no one believes could happen. There's no perfect solution in these cases, just enough exchange of money to make everyone walk away unhappy.
"Property owner stunned after $500,000 house built on wrong lot"
It is beyond frustrating that certain people have no respect for private property nor the environment. This is protected wet lands on our property, but our new neighbour doesn’t seem to care about either fact, despite warnings from police. #NoRespect#property#WetLands#environment#ATV
"Most people are familiar with the large density centers around Hong Kong, Guangzhou, and Shanghai, but the concentration in central China is surprising. The cities of Chengdu and Chonqing, in the Sichuan Basin, are part of a massive population center."
For >100 yrs, since Donald Trump’s grandfather started buying land in NYC, the #Trump family has run a real estate business in NY.
Barring a successful #legal appeal of Fri’s decision by a NY Supreme Court judge, that could change.
After finding that #TrumpOrganization executives had engaged in years of #fraud by inflating their #property values to get better #insurance & #tax rates, #Engoron ordered that the company operate under the close eye of 2 overseers, a monitor & an independent director of compliance, to ensure #compliance w/ #financial reporting obligations.
In other words, #Trump can remain the owner, but he has lost control.
Hybrid-work trend may wipe out $800 billion from office property values by 2030, McKinsey study says (www.reuters.com)
A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday.
How do you maintain walking / biking trails in the woods? Recently purchased a home with more than 4 acres of property. The majority of that is fairly dense woods.
AAA pulls back from offering insurance in Florida, following Farmers (www.cbsnews.com)
More insurance companies are fleeing the state because of the growing threat from natural disasters.
In praise of property-based testing (increment.com)
Australian housing wealth is meaningless, destructive and fundamentally changing our society, by Alan Kohler. So basically that old American guy "the Duke of Brisbane" was right, 10 years ago. (old.reddit.com)
Posted in r/australia by u/ruchenn • 1,603 points and 434 comments...