realestate
How big is the enthusiasm around real estate investing? Very big. According to a recent Gallup poll, real estate beat out gold, stocks, and other investment vehicles as a solid winner for the best long-term investment. And why wouldn’t it be? Investing in real estate carries a host of potential upsides, including the opportunity to earn significant returns, and potentially an earlier retirement. On average, real estate investment deals net return on investment (ROI) is around 8.6%. However, depending on the type of real estate involved, the ROI could climb significantly higher. According to Ya...
Due
Cop Your XXL Merch Now Looks like Diddy wants to start fresh after his Los Angeles mansion was raided by the Feds earlier this year. The disgraced rap mogul is attempting to sell the residence for a whopping $70 million. Diddy Attempts to Sell L.A. Mansion After Being RaidedDiddy is looking to cash out on his Holmby Hills estate following the raid on the home this past March, according to a report from TMZ on Wednesday (July 3). The Bad Boy Records founder has reportedly started the process to sell his Los Angeles mansion for $70 million off the marker. If he gets his asking price for the posh...
PopCrush
ValueWalk
John Deere CEO John C. May is selling his stunning “barndominium” estate in Illinois, and pictures show a one-of-a-kind property that you have to see to believe. May’s 2-bedroom, 4-bathroom, 2,864-square-foot home sits on 80 rolling acres in Port Byron, Ill. Built in 2014, the main residence is fashioned like a red barn on the outside, while the inside is tricked out with luxurious amenities that include radiant heat floors, a full kitchen, a living room with an inviting fireplace and a primary bedroom suite with attached bathroom and closet. The rustic-luxe home also features an upper-level b...
PopCrush
Bank of America (BofA) analysts recently noted that the prolonged US housing affordability crisis won't improve until at least 2026 due to rising property prices and short supply as homeowners stay locked in due to elevated mortgage rates. While the US housing market appeared to stabilise after years of muted activity due to the pandemic, the latest data from the US Census Bureau indicate the housing market could be a drag to the economy in the foreseeable future. Housing data for May show that sales of new single-family rentals dropped 11.3% quarter-over-quarter (QoQ) to 619,000 from 698,000....
IBTimes
US new home sales witnessed a notable decline, contracting by 11.3% in May compared to April, according to the Census Bureau’s latest report on Wednesday. The data revealed that sales were recorded at an annual rate of 619,000 in May. Furthermore, the median house prices experienced a decrease, with homes selling at a median price of $417,400, down from $433,000 the previous month. Given the ongoing concerns of a US recession, as indicated by the CB Consumer Confidence Index.) for the fifth consecutive month, market watchers eagerly awaited the release of the latest figures from the US housing...
Invezz
A Swedish town is trying to attract more residents by selling land for just 1 krona (€0.08) per square metre. The new campaign is part of a project to help Göten, a small town with about 5,000 residents, attract new residents and make up for an aging population and falling birth rates. Who can buy the land?“Absolutely anyone is welcome to buy one of the plots,” Månsson said. “There are no rules or requirements as to who is allowed to buy one. It would be absolutely fantastic if we could get people from abroad interested in buying plots here, too.” He did not say whether Swedish residency or ci...
Euronews (English)
Investment firm KKR has announced the acquisition of a multifamily real estate portfolio valued at approximately $2.1 billion. The portfolio, acquired from a closed-end fund sponsored by developer Quarterra Multifamily, consists of 18 assets spanning across several states in the United States. Diverse portfolio of 5,200 units The recently acquired portfolio includes 5,200 units located in various key markets, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey. This strategic acquisition highlights KKR’s confidence in the multifamily sector’s res...
Invezz
To prove that he is no one-hit-wonder, Vanilla Ice, whose real name is Robert Van Winkle, has gone from being a joke in pop culture to a real estate tycoon. Thanks to his astute real estate investments, Ice has transformed his modest success into a multimillion-dollar empire. According to CelebrityNetWorth.com, Ice reportedly has a $20 million fortune. "I made millions for doing nothing!" Ice told comedian Steve-O on a recent episode of "Steve-O's Wild Ride!" podcast. With his 1990 smash hit "Ice Ice Baby," Vanilla Ice soared to fame, becoming a 90s party anthem icon. Reflecting on the peak of...
IBTimes
Realty Income (NYSE: O) stock price has underperformed the market this year. It has retreated by more than 7.4% this year while the S&P 500 and Nasdaq 100 indices have surged to their record highs. Realty Income is one of the most popular dividend companies in Wall Street, thanks to its long track record of generating returns for shareholders. It is a dividend aristocrat that has raised its dividends for 26 years and this trend will likely continue for a long time. The company also has a quality dividend yield of 5.95% and a payout ratio of 73.%, meaning that its free cash flow can cater for i...
Invezz
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