Rep. Aaron Schock (R-IL) has announced that he will resign from Congress. He has been recently been in the news for alleged ethics violations including a Downton Abbey office redecoration he didn't pay for, sketchy real estate deals, claiming 170,000 miles in reimbursement on a personal vehicle that he later sold with 80,000 miles on the odometer, and much much more! [more inside]
"The global elite is basically looking for a safe-deposit box." Last July, NYMag published a lengthy piece on rich foreigners hiding hard-to-track money in NYC Real Estate (prev) This weekend, the NYTimes began publishing on "Towers of Secrecy" with the first in several deeply-researched pieces on the very rich, very shady figures buying high-end real estate in Manhattan: Stream of Foreign Wealth Flows to Elite New York Real Estate. [more inside]
Do you lament the loss of the terrible real estate agent photographs that were curated at It's Lovely, I'll Take It (previously)? Or it's later extension as a wing of the Cheezeburger abode? Well, fret no more! Tumblr Terrible Real Estate Agent Photographs is here to continue the fine tradition of suggesting that some real estate agents may lack even the most basic sales skills.
The Worst Room is a Tumblr where people can submit their worst NYC rental pictures, via Craigslist.
Our Meth House. Jenn Friberg and Rob Quigley bought a home in Bristol, PA. What they didn't know is that it been used as a meth house. Too bad they didn't read How to avoid buying a meth house first.
We saw a post about the Little House back in 2007. It sold for $139000 then. About a year ago it sold for approximately $173000. Now, it's up for sale again at reportedly $180000. It's been renovated and now has it's own site complete with a gallery, history, and celebrity endorsement.
How Lehman Brothers Got Its Real Estate Fix. A great article in the NYTimes describes some of the details of commercial real estate lending in its heyday, with a focus on one of Lehman's biggest dealmakers.
It's lovely! I'll take it! Sometimes, you just wonder what people were thinking when they posted photos in their real estate listings.
Kip Macy is a well-known developer and mentor in the community focused on the FreeBSD operating system. He is also having some major legal problems. [more inside]
Ursa Major, the former home of deceased basketball great (and cocksman extraordinaire) Wilt Chamberlain is for sale. History. Slide shows.
If a seller told me his house was haunted, would I be obligated to disclose this information? You think disclosure of ghosts is funny? The fact is, a Haunted House falls into the characteristic of "stigmatized" housing. Disclosure of this information, and the laws surrounding it, are typically up to the state. Some Agents have written columns on how to tame your ghosts so that the house sells. Of course, some ghosts can be very helpful and promote the property value for you. Would you live in a haunted house? [more inside]
Hot Properties: Want to feel inadequate? Want to visit InsaneWorld? Check out the L.A. Times real estate column Hot Properties, which covers the world of high-end celebrity real estate moves. It's like rock candy for masochists. Scarlett Johansson recently picked up a $7 million pad from a family friend. Courteney Cox wanted more privacy, so she and David Arquette flipped their $33.5 million shack for a $17 million compound. John Cleese is selling his ranch for $28 million. Tom Cruise shows them the money for a $35 million upgrade from his rental. Even the D-list celebs get ink. Double you. Tee. Eff.
Countrywide Empties Out on Widowmaker gives a vivid idea of the turmoil in the mortgage market, and the difficult American real estate environment. "You sold your unlimited subway card after the 5th race, plunged full-bore on a filthy hot dog, a beer and a 9-1 shot that finished next-to-last. You are Countrywide."
How to Buy a $450K Home for $750K - Yes, its true. Low and behold, all the conditions have been met, and it is indeed possible to buy houses for 50% above their market value.