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04.05.26 - 19:30
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A Property Tax Rebellion Is Emerging In America (ZeroHedge)
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A Property Tax Rebellion Is Emerging In America
Authored by Aaron Gifford via The Epoch Times,
At a petition table inside a Cleveland area gun show on a drizzly Saturday afternoon, citizens talk of an American Dream derailed.
There's the elderly couple who paid off their mortgage decades ago but can't afford the property taxes on their home. Their local government, theoretically, can seize the property and auction it off to someone else if the annual bills remain unpaid.
Then there's the recent retiree who took a part-time job at Lowe's to pay property taxes on his rental property and avoid raising his tenants' rent.
Add empty nesters who can't downsize to smaller houses because interest rates are too high, farmers describing an impossible situation, and recent college graduates groaning about moving further away from home to an affordable place.
Show goers, guns and ammo in hand, pause at Beth Blackmarr's table on their way out and share with her those concerns.
If 413,000 reside...
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04.05.26 - 15:30
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Benjamin Moore CEO on the housing market and consumer demand (CNBC)
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Benjamin Moore CEO Dan Calkins spoke to CNBC's Becky Quick ahead of Berkshire Hathaway's annual shareholder meeting. They discussed housing market pressures impacting demand, rising raw material costs, the company's focus on cost containment, and more....
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04.05.26 - 14:51
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Real Estate Browser Extension In France Provides Immigration Data Overlay (ZeroHedge)
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Real Estate Browser Extension In France Provides Immigration Data Overlay
Via ReMix,
A French website and real estate browser extension for Chrome is promoting an unusual data offering, which includes information on immigration levels, insecurity, and Islamization rates — all factors that real estate buyers may want to take into consideration before they make an investment.
The OVMF assigns various scores “automatically in real estate ad photos,” according to the company behind the extension, which is free and collects no data from its users, according to the website. It also promises to highlight certain facilities in the area or neighborhood, which some real estate buyers may want to be aware of, such as asylum accommodations, troubled QPV districts, and the number of mosques in an area.
The OVMF site appears to have an enormous amount of data, such as the number of migrants in accommodation facilities, the number of different religious groups, and immigration levels for each neighbor...
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04.05.26 - 13:13
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Alabbar: Dubai Property Market Resilient Amid War Turmoil (Bloomberg)
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Emaar Properties CEO Mohamed Alabbar says that Dubai's property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIITE in Abu Dhabi. (Source: Bloomberg)...
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04.05.26 - 11:18
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Hong Kong residential property upturn drives recovery in office, retail: Morgan Stanley (SCMP)
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Hong Kong's property market is poised for a broad-based recovery as a strong upturn in the residential segment spills over to the struggling office and retail sectors, according to analysts.
Morgan Stanley upgraded its forecast for the city's home prices to a 12 per cent increase this year from 10 per cent previously and anticipated another 5 per cent rise in 2027, it said in a report on Monday.
Likewise, the office property segment was likely to see some relief, with Hong Kong's top business......
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04.05.26 - 10:31
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How Baltimore′s Mayor Is Fighting the City′s Vacant Housing Crisis | Odd Lots (Bloomberg)
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Since Mayor Brandon Scott first took office in 2020, he's fixated on a very visible problem in Baltimore: the tens of thousands of vacant homes that dot the city. It's hard to build new houses when there are so many that sit empty and unused. And the process of tracking down owners, convincing them to sell their vacant properties, and then converting those homes into usable housing supply is a tall task. In the last few years, the number of vacant homes in Baltimore has dropped from 16,000 to just over 11,800. On this episode — recorded in Madrid while we attended the Bloomberg CityLab conference — we speak to Mayor Scott about deindustrialization, redlining, and gun violence's historical effects on the current housing crisis, how his government identifies, block-by-block, redevelopment opportunities and matches projects with publicly-minded developers, and why Baltimore natives aren't huge fans of The Wire. (Source: Bloomberg)...
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04.05.26 - 10:01
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Odd Lots: How Baltimore Is Fighting Vacant Housing (Podcast) (Bloomberg)
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Since Mayor Brandon Scott took office in 2020, he has fixated on a very visible problem in Baltimore: the tens of thousands of vacant homes that dot the city. It's hard to build new houses when there are so many that sit empty and unused. And the process of tracking down owners, convincing them to sell their vacant properties, and then converting those homes into usable housing supply is a tall task. But in the last few years, the number of vacant homes in Baltimore has dropped from 16,000 to ju...
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