There are currently 10 such projects offered by various developers, providing nearly 3,000 beds at the end of last year. The Hong Kong government has loosened up a zoning policy this month, speeding up hotel conversions to student hostels. Centaline Investment bought over a mid-tier hotel last September for conversion into a hostel that will…
President Trump on Tuesday floated the possibility of eliminating the federal capital gains tax on home sales, in a move that would change the way real estate profits are taxed for the first time in 30 years. Speaking to reporters in the Oval Office on Tuesday, Mr. Trump suggested he is weighing supporting legislation introduced by Rep….
Opendoor Technologies, a penny stock last week, attracted sudden interest among Reddit-obsessed retail traders, who pushed up the stock price by threefold in days. The online real estate startup saw shares popping more than 14% Tuesday before turning negative, after a red-hot run powered by retail traders chasing meme stocks. It had surged more than…
YuriArcursPeopleimages/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you’ve managed to accumulate some wealth, showing it off can often be tempting. After all, what’s the point of success if you can’t indulge in it? However, a growing cohort of ultra-wealthy Americans are trying to conceal…
Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in…
Big Apple commuter town. Seriously big bucks. Scarsdale has been named America’s wealthiest suburb in a new study, with the mean household income exceeding an eye-popping $600,000 in 2023. The tony Westchester town, with a population of 17,723 residents, topped the rich list, compiled by GOBankingRates. The company analyzed suburbs with at least 5,000 households,…
Etienne DE MALGLAIVE/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Warren Buffett is one of the most renowned investors of our time. So, it’s easy to forget that he was once a beginner too. Buffett claims he bought his first stock at age 11, then…
After 27 years of living in South Pasadena, Calif., Richard Tyler and his wife Lisa Trafficante are selling their Italian Renaissance home to spend more time on the road and to possibly return to fashion. During an interview Thursday, the couple was hanging out in Los Angeles, while their realtor was showing the five-bedroom, five-bathroom…
Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share in at least five…
Ayatollah Ali Khamenei has defined his rule and Iran’s place in the world through his hostility to Israel and the US. But the recent airstrikes on his regime’s nuclear program are intensifying scrutiny of the 86-year-old cleric. Bloomberg’s Patrick Sykes breaks down the situation. (Corrects spelling of reporter’s name in video description.) Source link