USA Property

USA Property

Ohio’s property tax crisis is festering. There are solutions.| Opinion

Michael Stinziano  |  Guest ColumnistSouth Side homeowner Bonnie Mitchell sees 500% tax hikeSouth Side homeowner Bonnie Mitchell sees 500% tax hike, seeks relief through Legal Aid Society; is able to keep houseMichael Stinziano is Franklin County auditor.Re: "Will Ohio homeowners get property tax relief? Why lawmakers can’t agree on a fix," Feb. 24: Ohio does not have a property value problem; it has a property tax problem.Increasing home values are not the cause of unaffordable property tax bills in Franklin County. A byzantine, unconstitutional property tax system that forces underfunded schools...
USA Property

Mar-a-Lago security zone sees yet another home sale, this one at $14M

The custom home had been on and off the market since 2021.More than 20 planes have violated airspace near Mar-a-Lago with the latest incidentsTwo civilian aircraft flew over restricted airspace near President Donald Trump's Mar-a-Lago recently forcing NORAD to respond.Straight Arrow NewsThe house at 153 Kings Road was built in 2009 as a custom home by the sellers, Michael and Lori Bernstein.The propery measures a little more than quarter of an acre on the second street north of Mar-a-Lago. The area closes to through traffic when Trump is in residence...
USA Property

US attorney general condemns attacks on Tesla property, vows reprisal

US Attorney General Pam Bondi ‘The swarm of violent attacks on Tesla property is nothing short of domestic terrorism,' says Attorney General Pam BondiVowing harsh punishment, the US' top cop has denounced a recent series of attacks on the property of Tesla, the carmaker led by CEO Elon Musk, US President Donald Trump's largest campaign donor."The Department of Justice has already charged several perpetrators with that in mind, including in cases that involve charges with five-year mandatory minimum sentences. We will continue investigations that impose severe consequences on those involved...
USA Property

China’s US$150 billion of property debt restructurings stumble

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...
USA Property

Tesla attacks, vandalism are ‘domestic terrorism,’ says AG Pam Bondi

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...
USA Property

US attorney general calls Tesla vandalism ‘domestic terrorism’

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...
USA Property

SWAN Wealth Management’s private real estate opportunity

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...
USA Property

Top 1% of Americans have enough money to buy 99% of US homes

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...
USA Property

DeSantis’ property tax cuts would cripple local government

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...
USA Property

Five takeaways from Palm Beach’s pandemic-sparked real-estate boom

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...
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