Independent thinking for complex markets and current events
California just pulled the rug out from under HOAs. What used to be $500 fines a day for something like the wrong door now tops out at $100. Late fees and interest? Dead. Homeowners got a power shot with new rights to dispute violations and block punishments if they fix the problem. This isn’t a …
Not just Norway. France introduced a wealth tax on its top earning citizens in 1982 until 2017, but not before more than 60,000 millionaires left. Not only were the wealth taxes lost, but so we’re their income taxes. In 1990, there were 12 countries in Europe that had these so-called wealth taxes and today only …
‘There still remains significant gaps in our national security screening regime for land purchases,’ lawmakers say China and other foreign adversaries are still permitted to purchase U.S. land near sensitive Coast Guard facilities, ports, and Energy Department labs, exposing national security gaps that lawmakers say enable hostile regimes to conduct espionage operations on American soil. …
As the housing crisis deepens, the corrosive impact of Airbnb on communities becomes increasingly evident. With over 1,000 San Diegans falling into homelessness each month, the question arises: How many Airbnb properties sit empty, exacerbating the crisis? Complicating matters further is a colossal loophole in the ordinance meant to regulate short-term rentals (STRs). While cracking …