Thousands of protestors outside of Israel’s Knesset tonight, rallying in response to Netanyahu firing the minister who challenged his judicial overhaul.
“$5 million isn’t a mansion in Los Angeles, just like it isn’t a mansion in New York City,” said Josh Altman, a broker you may recognize from “Million Dollar Listing.” “It’s a 4,000-square-foot modern house in West Hollywood.” 5/5
But top brokers and real estate agents are not happy. They say the tax is not only shortsighted, but it has prompted a frantic sell-off among the city’s upper echelon of homeowners. 4/5
It’s meant to serve as a solution to the homelessness crisis in LA, which has ballooned: An estimated 42,000 people are homeless in LA, living in tent cities in parks, sidewalks and under freeways. 3/5
Measure ULA is a transfer tax on big-ticket property sales that the city says will generate a new revenue stream for affordable housing. It will impose a 4 percent tax on property sales above $5 million, and a 5.5 percent tax on properties above the $10 million mark. 2/5
Why are LA millionaires rushing to sell their homes on the cheap? The answer is Measure ULA, aka the mansion tax, a new tax on the rich set to go into effect April 1. But what is it? I dive into it today in
For the 11th week in a row, hundreds of thousands of Israelis protested against the Netanyahu government's plan to weaken the Supreme Court. Here in the video - more than 120 thousand Israelis protested tonight in Tel Aviv
Terry Horton, a Black landlord in Cincinnati, lost a deal to build more low-income housing after a low appraisal. He says the appraiser lowered his property’s value after seeing his Black tenants, all of whom are single mothers on Section 8.
I spent 12 days in Europe, speaking with Americans who've moved there and the locals who are struggling to afford homes to rent or own. Here is what I found
Americans, unable to afford the kinds of homes they want in the cities where they want to live, are moving to Southern Europe in significant numbers. But the influx of wealthy foreigners is hitting the housing market, displacing and upsetting locals.
https://nyti.ms/3yQp1Ew
Nobel laureate Malala Yousafzai is at Sunday's #Oscars. She was a producer on “Stranger at the Gate,” which is nominated for short documentary film. Dressed in a silver Ralph Lauren gown, she said her dress represented “peace, love, harmony.” http://apne.ws/rGBBrKx
People from all across the U.S. are now heading to "Climate-Proof Duluth."
The former industrial town in Minnesota is coming to terms with its status as a refuge for residents who are moving because of climate change.
Every story about ‘climate proof’ cities should include this truth:
No place on Earth is safe from climate change unless and until we stop the sources of greenhouse gas emissions.
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A Black couple's hoping their recent settlement of a lawsuit becomes a game changer in real estate -- one that forces appraisers to quit lowballing home values for Black and brown homeowners.
NYC is months away from enforcing one of the boldest climate laws in the nation. And if the city's drafty, fossil-fuel burning apartment buildings don't step it up soon, they could face millions in penalties. Free link! w/ @WinstonC_Shttps://nytimes.com/2023/03/10/nyregion/greenhouse-gas-law-nyc.html?unlocked_article_code=B__wl2FIb_QSAQ7728kuelYxK4RD6r7h6TZk3KfQzQOIEJ0I3jqqLrT7gE04PdMlbDYhDfcAEUe4bxzvTm7skRJt9M5jQ-Xd7z10SJdc5_dJDHzDm7jFsnGpCD0j0NL0cqe1Iu_8C2wvOVDrZfHBbs5pXpNxLzjFsMpbGhy1Uc5Y1EfCLODPf0s1zDty_9r8fcj1AUYr_Xuo2DNVzBqSFRaKghdGEAVGd5AypXqkq1zIT20txuQaEqdUpJd6LJE1yoxFqRiMxlGfIvs2kijMsPpcj-Hg00igqMxcWNsbbrjliRyND3odyV9Vcg1xx1dk82BiftCKYrbhfbp9LshW2aw&smid=url-share…
In "climate-proof Duluth," winter temps can dip 30 below zero. But new residents from California and Colorado are moving there anyway, hoping to find safe refuge from climate change. For
Art, architecture, and video games collide to create a confluence of design masterpieces for the virtual world. Thanks for validating this new artistic medium,
The Row is the future of home, re-imagined for a virtual life.
Read more about The Row in the @nytimes: https://nytimes.com/2023/02/19/realestate/metaverse-vr-housing-market.html…
Why are hundreds of thousands of Israelis protesting today? Israel has no constitution. The Supreme Court serves as the main check on the government's power. Netanyahu's current plan would eliminate that, and effectively dismantle its democracy.
After 6 long hours, the White Helmets rescued brave little Sham and her brother from the rubble of the earthquake.
One thing is clear: Around the clock, the volunteers remain kind and compassionate. They truly are the best of humanity.
Donate now: https://whitehelmets.org/en/
Investors bought more than 30% (!) of homes in Phoenix in Q3 last year. Now they can't offload their spaces for big bucks over Super Bowl weekend. Tiny violin aside, that is a huge chunk of available housing. Great story by
Kizzmekia Corbett helped lead a team of scientists contributing to one of the most stunning achievements in the history of immunizations: a highly effective, easily manufactured vaccine against Covid-19. This is her story.
I was apologizing to a tribal leader that media swarms when certain things happen but fails to cover indigenous affairs adequately the rest of the time, and she said something to me that every reporter might need to hear: "One story at a time will make a huge difference."
Yesterday, @SecFudge provided opening remarks at the @ascgov Appraisal Bias Hearing.
She underscored HUD's commitment to advancing fairness in home appraisals, including launching the PAVE Task Force that brings together a robust team to exact change. http://pave.hud.gov
Marketers have, for years, leaned on influencers to help draw in customers. But in real estate, they no longer have to pay for that social media love. Now, it's enough just to open the door.
My latest for
Many Black homeowners who suspect that discrimination led to an unfair appraisal of their house could request a review and a potential do-over, under a federal proposal that will likely go into effect this year. via
Lisa Marie Presley visited Graceland four days before her death to celebrate what would have been the 88th birthday of her father, Elvis. A representative confirmed that Presley will be laid to rest on the mansion's grounds, alongside her son, Ben. https://nyti.ms/3GKdlqy
Jerusalem last night. No visible leadership, no speakers, not even a single Knesset member that I could see. Just several thousand ordinary people who showed up, in the low-key Jerusalem style, to reject this government's attempt to remove the only brake on its power.
Back home, @debra_kamin was an @TheShakerite editor. Her latest for @nytimes features frank comments from some of the dozens she interviewed for it. Like so many of my students, her love for Shaker, its schools and their experiences in them inspires excellent work. twitter.com/debra_kamin/st…
What does it take to turn your childhood home into a wedding venue? Read the latest story in a series on Black homeownership in The New York Times Real Estate section, as
Growing up in Shaker Heights, I always felt my hometown was special. We were diverse, integrated, and rose above racial politics. So why are Black families now leaving? I went back home to find out.
My
The New York Times spoke to three Black women appraisers — two industry veterans and one just completing her training — about racism, representation, and cautious optimism in an overwhelmingly white, male and aging industry.
More than 97 percent of home appraisers are white, and most are male. One of the most direct ways to combat #appraisalbias is the training of more Black appraisers. Just ask these three Black female appraisers.
Reupping this! Do you and your partner have separate bedrooms? I'd love to hear why and how it works for you. My DMs are open or email ronda.kaysen@nytimes.com twitter.com/rondakaysen/st…