USA Property

Creditors owed around US$150 billion by defaulted Chinese developers always stood to get just pennies back, but many are finding that even after a debt plan is agreed, it’s not necessarily a done deal. A growing number of builders that passed a seemingly key stage of restructurings in getting court approval for their plans are heading back to square one, after fresh liquidity problems amid a prolonged property crisis made it harder for them to honour their promises.On Friday, Kaisa Group Holdings, which carries one of the largest debt loads in...

Uptick in Tesla vandalism amid DOGE backlashElon Musk's Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings.U.S. Attorney General Pam Bondi echoed President Donald Trump by saying those who vandalize and violently attack Teslas are committing “domestic terrorism.”Bondi, the former Florida Attorney General who Trump nominated as the country’s next attorney general in November, made the comments in a statement on Tuesday evening.“The swarm of violent attacks on Tesla property is nothing short of domestic terrorism,” Bondi said in the statement.According to...

Compounding the company's public relations woes, the Vancouver International Auto Show announced it was removing Tesla from the event on the eve of its Wednesday kick-off, citing security concerns. Politics "has absolutely no bearing on the decision", the show's executive director Eric Nicholl said late on Tuesday. "This is purely from a safety point for our guests and our attendees." In an interview at the White House late on Tuesday, Musk told Fox News he was "shocked" at the attacks on Tesla vehicles and the "hatred and violence from the...

This content is brought to you by Swan Wealth Management Authored by Steven Nathan and Dave Murray Click here to read part 1. Part 2: The case for US multifamily real estate  Multifamily real estate—apartment developments and rental communities—offers strong fundamental demand drivers, making it an attractive long-term investment. The investment thesis for US multifamily housing is built on three pillars:  Low real interest rates and deep capital markets  The US benefits from structurally low long-term interest rates as the world’s reserve currency, making debt financing more favourable for real estate...

As the saying goes, a rich man is nothing but a poor man with money — and real estate.  More than 13% of the country’s real estate assets are owned by the wealthiest 1% of Americans — a circumstance that significantly enriched the well-heeled over the past two years of sky-high rates and housing shortages. The 1% has been so enriched, a recent Redfin analysis revealed, that their combined wealth could now feasibly purchase almost every home in the nation. The analysis further concluded that the top 0.1% alone could purchase...

Eliminating property tax goes far beyond any trims realized by addressing the proverbial waste, fraud and abuse. It most likely means raising another tax to make up for the lost revenue.Gov. Ron DeSantis holds immigration press event in Palm Beach CountyGov. Ron DeSantis holds immigration Palm Beach County press event with Sheriff Ric Bradshaw, State Rep. Mike Caruso and FDLE Commissioner Mark GlassGov. Ron DeSantis has started talking about eliminating property taxes for Florida homeowners.I don’t think he really means it. For starters, it would make Florida the only state...

The real-estate frenzy sparked by the arrival of coronavirus pandemic in 2020 has had lasting effects on Palm Beach real estate. Here are some highlights.Video: Morning traffic enters Palm Beach over Flagler Memorial BridgeVideo: Early morning drivers enter Palm Beach across the Flagler Memorial Bridge February 13, 2025.Five years after the coronavirus pandemic arrived in Palm Beach, its boom-time effects on local real estate continue to resonate.Although the real estate frenzy has cooled a bit over the past two years, home prices in Palm Beach remain higher and the number...

Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. In 2019, JPMorgan issued a loan to real estate development and investment firm Chetrit Group to finance the purchase of 43 multi-family buildings with 8,671 apartments across 10 states. Acting as the investors’ trustee, Wells...

There is an endless supply of real estate statistics out there, but what the heck do you do with all of them? Well, the old saying “knowledge is power” rings very true here. Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clients–making them feel confident in hiring you to represent them. Think about it: Would you get surgery from a surgeon who can’t explain the procedure? I think not. We’ve diligently dug through the depths to...

As Tax Day nears, fiscally conservative leaders in several states are pushing to abolish property taxes, with one Pennsylvania lawmaker arguing that homeowners shouldn’t have to “pay rent” to the government. That lawmaker, state Rep. Russ Diamond, R-Lebanon, spoke to Fox News Digital on Thursday ahead of his latest effort to end the collection of such taxes in the Keystone State. Diamond will put forward a resolution — titled HB 900 — which Fox News Digital learned exclusively will be filed imminently. The document is a draft constitutional amendment he...