"A judge blocks the foreclosure sale of Elvis' Graceland, after his heir alleges fraud"
A fascinating story, but what got me was the bit about Graceland being valued at $400 million. For 14 acres. That's about $28M per acre. That's approaching mid-town-Manhattan prices.
This how much Elvis was revered? Still an amazing draw? Can't think of any other person whose home has so much value.
Economic Growth, Inflation Still on Track to Slow as Interest Rate Volatility Continues
Fannie Mae - May 21, 2024
“We view economic growth and inflation as being on the same track as our prior outlook, and we continue to anticipate moderation as the year progresses.”
#Singapore’s private #homes again ranked as the #MostExpensive in #AsiaPacific with a median price of $1.32 million in 2023, after an influx of #WealthyImmigrants helped push that figure up 9.6% from the previous year, according to the Urban Land Institute’s 2024 ULI Asia Pacific Home Attainability Index published Tuesday.
Homes in #HongKong ranked as the 2nd most expensive in the region with a median price of $1.16 million..
What killed Red Lobster? Sure, blundered promotions, but that is not the big thing--they might have recovered from that. The big thing is PE & their propensity to kill things off, sucking marrow from the bone of generally productive concepts. Debt loading is one way, but also real estate shenanigans. Don't come in and pretend you're helping a company grow by selling off assets then making the lease them back at above-market rates. #DebtLoading#RealEstate#RedLobster https://www.cnn.com/2024/05/21/business/red-lobster-endless-shrimp-bankruptcy/index.html
A group of around 1,500 homebuyers say they have yet to see the apartments they paid for about eight years ago, as challenges persist in China’s property sector. The promise was they would be ready by 2019, but the majority are still unfinished, according to five of the homebuyers, who requested anonymity out of fear of...
NEW: IRS Audit of #Trump Could Cost Former President More Than $100 Million
The #tax agency concluded in its long-running investigation that Trump effectively claimed the same massive write-off twice on his failed #Chicago tower.
Wow. Is this late stage capitalism or what? Lower the damn rent!
“Michigan woman found living inside rooftop store sign with desk and coffee maker. The woman told police she had been living inside the grocery store sign for roughly a year, and had been able to get electricity”
This is what I think is a basic question. When a bank sells a home loan it's selling the total value of the loan, which is principal and expected total interest paid minus payments so far, right?
Residents of Mende Estate Villa in the Maryland area of Lagos State have decried the recent demolition of their multimillion naira houses in the area by the Lagos State Government while seeking compensation for a new shelter....
‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes (www.cnbc.com)
A group of around 1,500 homebuyers say they have yet to see the apartments they paid for about eight years ago, as challenges persist in China’s property sector. The promise was they would be ready by 2019, but the majority are still unfinished, according to five of the homebuyers, who requested anonymity out of fear of...
Lagos homeowners decry demolition, seek compensation (punchng.com)
Residents of Mende Estate Villa in the Maryland area of Lagos State have decried the recent demolition of their multimillion naira houses in the area by the Lagos State Government while seeking compensation for a new shelter....