Landmark $418 million settlement could slash homebuying costs by tens of thousands of dollars—here's how it works
Home transaction costs could decrease by as much as 2% based on a recent change in how commission fees are charged.
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
The Sedona City council has given the green light to a controversial project to let some workers sleep in their cars overnight.
The plan, which aims to ease an affordable housing issue in the growing tourist town, was approved on Wednesday after a long and contentious city council meeting.
Under the now-approved plan, a place called ‘the safe place to park’ will be set up at Cultural Park, which is located on the west side of Sedona. The area would accommodate up to 40 vehicles. It would be open from 4:00 p.m. to 8:00 a.m., complete with showers, restrooms, trash bins, and on-site management.
Longtime restaurant owner Martin Galvez calls it a band-aid on a big sore spot.
"Bussers, dishwashers, they cannot afford to live here," said Galvez. "Also right here where we’re located, there is no transportation, so we had no people to work."
Sedona’s mayor, Scott Jablow, admits it’s not a great plan, but at least it’s a plan.
"We have to do something. Our businesses are complaining they have their employees sleeping in the forest," said Mayor Jablow. "They get roused by the cops, because it’s a prompt to fire hazard, the biggest thing, and we have to do something, and we ran out of ideas. "
The plan, which aims to ease an affordable housing issue in the growing tourist town, was approved on Wednesday after a long and contentious city council meeting.
Under the now-approved plan, a place called ‘the safe place to park’ will be set up at Cultural Park, which is located on the west side of Sedona. The area would accommodate up to 40 vehicles. It would be open from 4:00 p.m. to 8:00 a.m., complete with showers, restrooms, trash bins, and on-site management.
Longtime restaurant owner Martin Galvez calls it a band-aid on a big sore spot.
"Bussers, dishwashers, they cannot afford to live here," said Galvez. "Also right here where we’re located, there is no transportation, so we had no people to work."
Sedona’s mayor, Scott Jablow, admits it’s not a great plan, but at least it’s a plan.
"We have to do something. Our businesses are complaining they have their employees sleeping in the forest," said Mayor Jablow. "They get roused by the cops, because it’s a prompt to fire hazard, the biggest thing, and we have to do something, and we ran out of ideas. "
Wow
Meet the Squatter Squad: California crew tackles illegal lifestyle
A vigilante group in Southern California is taking the squatting crisis into its own hands by removing the unruly tenants themselves.
LA's luxury house sales plummet 70 PERCENT amid 'mansion tax' launch
The Measure ULA policy has seen luxury house sales drop by 68 percent, while raising only 22 percent of its stated goal over the past year.
Gisele shows off her INCREDIBLE $9.1 million Miami ranch
The former supermodel, 43, purchased the spacious 7.5-acre estate back in September 2023, just under a year after she and the NFL star announced that they were divorcing.
Bezos splurges $90M on THIRD mansion on Florida's Indian Creek Island
The Amazon founder, who was recently ranked as the third richest billionaire in the world by Forbes, agreed to pay $90 million for a six-bedroom home in the exclusive Indian Creek Village near Miami.
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The B.C. government has proposed new tenancy protections designed to prevent some "unfair rent increases" and "bad-faith evictions," officials announced Tuesday.
4 people living in 1 bedroom: How the University of Waterloo is helping students navigate region’s housing landscape
A one bedroom-one bathroom apartment renting for $430/month in Waterloo’s University District may sound like a steal, but the listing isn't what it initially seems.
Hawaii property owner left stunned after $500K home was mistakenly built on her lot. Now she’s being sued
Her attorney says there are “a lot of fingers being pointed.”
‘Are you kidding me?’: Property owner stunned after $500,000 house built on wrong lot
Now the courts will have to figure it out.
Body Cam Footage Shows Man Set Himself on Fire as Cops Try to Evict Him
Body cam footage from Oklahoma shows the moment an elderly man set himself and his home on fire -- this while law enforcement was trying to evict him.
www.tmz.com
Toughest time ever to afford a house, Vancouver in 'full-blown crisis': RBC report
In Vancouver, 106.4% of the share of a median income was needed to cover ownership costs in the last three months of 2023, according to RBC.
Jeff Bezos drops $90 million on Billionaire Bunker estate — and his neighbor is Tom Brady
The Amazon founder purchased the waterside mansion on Miami’s elite Indian Creek Island in an off-market transaction.
pagesix.com
‘True Blood’ Actress Anna Paquin Slashes the Price on Her Rustic Venice, CA, Home to $8M
Paquin previously put the five-bedroom, eight-bathroom coastal abode on the market in 2020 for $14 million.www.realtor.com
Anna Paquin Walks Red Carpet with a Cane at Film Premiere amid Ongoing Health Issues
Anna Paquin, who is starring in the film 'A Bit of Light' directed by her husband Stephen Moyer, has been struggling with an undisclosed illness that causes mobility issues.
Florida Island Home With a Regulation Pickleball Court Lists for $7.49 Million
The beachfront home on Sanibel Island, on the Gulf Coast, was designed in the 1980s to take in the views
www.mansionglobal.com
As long as they aren't protecting homes bought by corporations this is good for people who own homes and are being avused by vagabondsMeet the Squatter Squad: California crew tackles illegal lifestyle
A vigilante group in Southern California is taking the squatting crisis into its own hands by removing the unruly tenants themselves.www.dailymail.co.uk
Update: B.C. targets ’profiteers’ with legislation to bring in 20% flipping tax
B.C. has tabled legislation to enact a 20% home-flipping tax on those who sell their home within the first year of ownership. Find out more.
Owner forced to abandon 18th Century home to its fate after landslip
The old farmhouse at Cliff Farm in Trimingham, which dates back to the 18th century, can be seen dangling over the cliffs after a huge landslide last week and is now set to be demolished.
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