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10.08.26 - 02:06
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What makes McDonald′s assets stand out amid a weak Hong Kong retail property market? (SCMP)
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One year after McDonald's began selling its self-owned Hong Kong shops, the fast-food giant has found buyers for nearly half its portfolio even as the city's retail property market endures its weakest spell in decades.
McDonald's planned to dispose of all 23 shops in phases, market sources said, with the portfolio initially valued at about HK$3 billion (US$382 million).
Since launching the disposal plan with JLL in July last year, the chain had sold 11 properties for more than HK$900 million –......
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08.08.26 - 01:21
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Hawaii′s ′Blood Quantum′ Rule Deepens The State′s Housing Crisis (ZeroHedge)
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Hawaii's 'Blood Quantum' Rule Deepens The State's Housing Crisis
Authored by Rachel Chiu via the Foundation for Economic Education (FEE)
Hawaiian residents are challenging ancestry-based housing restrictions in federal court. A pair of lawsuits filed in June and July takes aim at the Department of Hawaiian Home Lands, a state agency that reserves long-term homestead leases to individuals who meet the state's “blood quantum” requirement.
To be eligible for a homestead lease—long-term, affordable leases for residential, agricultural, and pastoral purposes—an applicant must prove that he or she has 50 percent Native Hawaiian ancestry. In any other context, this type of requirement would be instantly illegal. No ordinary government agency or housing authority can deny your application or evict you because of your ancestry. Yet, these controversial rules are very common for determining benefits for indigenous populations, and continue to give the state inordinate power to withhold o...
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