Manhattan’s One Percenters will now have one more type of real estate investment that the have-nots of the world could never hope to afford: $1 million parking spaces. The spots for sale cost more per square-foot than the luxury building’s apartments do.
While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another slap on the wrist for an offending Wall Street titan.
London’s real estate prices keep soaring and foreign cash keeps pouring in, yet the ‘world’s most influential city’ has become one of the least appealing places to live in Europe, according to new figures.
Inequality between the richest and poorest metropolitan areas in the US is at its highest since 1969, and could hamper the recovery of the housing market that was at the heart of the 2008 financial crisis.
Just because pot is legal in your state, doesn’t mean you won’t get in trouble for smoking that doobie outside, even if you have a prescription for it. At least that’s what some homeowners’ associations (HOAs) are saying.
New York City is moving forward with a proposal that calls for a new high-rise apartment complex to feature separate doors for wealthy tenants and those living in the building’s affordable housing unit.
Russian billionaire Andrey Goncharenko shelled out a massive £120 million ($205 million) for Britain’s most expensive home, it has been revealed. The oligarch has since filled for planning permission to extend the Grade-2 listed London property.
Foreign buyers of US residential real estate surged 35 percent last year, with Chinese buyers, searching for moderately priced, safe investments in a sea of economic and political uncertainty, outspending the rest of the world.