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Author: realejuicey
Wells Fired Head of Lending:Misconduct
The bank has been on unstable footing ever since the revelation of the bank’s fake account scandal, which saw the company fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million potentially unauthorized accounts to get sales bonuses. Wells Fargo announced Friday that it fired Franklin Codel, a senior executive vice president and head of the bank’s consumer lending division, for misconduct. Wells Fargo
Long Beach Living
Exploring Long Beach, California: A Nostalgic Tour of the City’s Best Spots Long Beach, California, is a vibrant coastal city with a rich history, diverse culture, and scenic beauty. In this article, we take a nostalgic journey through Long Beach, revisiting some of the city’s most iconic locations and hidden gems. Whether you’re a local or planning a visit, this guide will give you a glimpse into what makes Long Beach a unique destination. 1. Bluff Park – Stunning Ocean Views and Green Spaces One of the first stops on our tour is Bluff Park, a picturesque location offering breathtaking views of the Pacific Ocean. This serene green space is perfect for jogging, picnicking, or simply enjoying the coastal breeze. Located along Ocean Boulevard, it’s a favorite spot among locals for yoga sessions and sunset walks. 2. Belmont Shore – The Heart of Long Beach’s Nightlife Belmont Shore is known150
ADU
California ADU cost ADU Cost: The total cost to build a 1200 sq ft, 3 bed, 3 bath detached ADU in Orange County, CA was approximately $285,000. This included architect fees, permit fees, planning fees, developer fees, labor, and all materials. Cost Breakdown: Architect Fees: $7,000 Planning Department Fees: $2,168 Public Works Fees (sewer, traffic, school): $8,056 Permit Fees: $678 Contractor Labor & Raw Materials: $212,000 (10% deposit, 20% upfront materials) Materials (cabinets, solar, flooring, tile, fixtures, counters, etc.): The remaining amount, around $75,000. Cost per Square Foot: Roughly $237 per square foot. Timeline: The project took 21 months, from May 2021 (architect meeting) to January 2023 (certificate of occupancy). Permitting and planning took longer than construction. Construction Timeline Highlights: March 2022: Site prep, trenching, foundation. April 2022: Foundation completion, underground work. May 2022: Framing. June 2022: MEP (Mechanical, Electrical, Plumbing). July-August 2022: MEP inspection, house wrapping, drywall. September-December 2022: Interior finishes, exterior150
New 35 Townhomes in Torrance
New 35 Townhomes Development Planned for Crenshaw Blvd in Torrance City Ventures is set to build 35 new townhomes by demolishing existing 1970s office buildings at Crenshaw Blvd Five contemporary-style buildings will be developed at the location, which will include 35 townhomes above ground-level parking. Helmed by City Ventures, the Crenshaw Boulevard-based project will also include four units for moderate-income households in LA. New Apartments Await Aspiring Homeowners in LA . Plans are underway to develop a mix of three- and four-bedroom units, which will range in size from 1,377 to 1,614 sq. ft.
LA Apartment Hunting
Los Angeles apartment hunting Budget and Priorities: The vlogger aimed to find a spacious one-bedroom (or one-bedroom with den/two-bedroom) under $3300/month (all-inclusive), prioritizing modern finishes, safety, in-unit laundry, and natural sunlight. A balcony and gym/pool were desirable but not essential. Apartment Hunting Challenges: Finding an apartment in Los Angeles within her budget and meeting her criteria proved difficult. Many apartments had drawbacks such as small bathrooms, poor layouts, uncleanliness, lack of natural light, or less-than-ideal locations. Cost of Living in LA: The vlogger expressed frustration with the high cost of living in LA, comparing it unfavorably to her previous residence in Texas. The high rent made it difficult to justify staying in her current apartment, despite its amenities and convenient location. Successful Apartment Search: Despite initial discouragement, the vlogger ultimately found a suitable apartment that met most of her requirements at a lower cost than her current rent. The new apartment offers more150
‘Huge’ Opportunity in US property
There’s one ‘huge’ opportunity in US property, CEO says Buy to let is now a “huge” investment opportunity in the U.S. as single-family rentals surge, says John Burns, CEO of John Burns Real Estate Consulting. Surging home sales. “Something happened in the middle of September where the country woke up and started buying homes again.” Single-family renting. “The biggest shift we have seen in the last six years is these new, professionally managed single-family rental companies who have now made it a very reasonable thing to do…Almost 12% of America is renting a single-family home. Instead of renting it from some person who might be on vacation, you actually have a real company now who will take care of you as a landlord.” The Fed. “They used the housing market as a tool to get us through the 2001 recession if you remember. Housing is not being overbuilt right now, and so if150
New York City Living
Elegant, modern NYC luxury homes. Modernist Meets Classic: New York City luxury homes blend modern design with classic architectural elegance, creating a unique and sophisticated aesthetic. Light and Space: Large windows maximize natural light, making the city skyline a key design element and creating open, airy interiors. Open-Plan Living: Open floor plans seamlessly connect kitchens, lounges, and libraries, promoting effortless movement and spaciousness. High-Quality Materials: Luxurious materials like Italian marble, brushed brass, and European oak are used not just for beauty but also for their narrative and tactile richness. Seamless Technology Integration: Technology is discreetly integrated, enhancing functionality without disrupting the overall aesthetic. Classical Details: Crown moldings, coffered ceilings, and other classical details add a touch of traditional elegance to contemporary designs. Luxury Kitchens as Gallery Spaces: Kitchens are designed as functional works of art, combining high-end appliances with sleek design. Master Suites as Wellness Zones: Master suites are transformed into luxurious retreats with features like private terraces150
Low Inventory is Causing High Prices
So Why Aren’t People Selling? Seattle wins the wait and hold game. Homeowners hold onto their houses for longer in just four other places — Boston; San Jose; Providence, R.I.; and Hartford, Conn. — among the 40 U.S. metro areas with at least 1 million people. We’re tied with San Francisco, with sellers waiting 10.2 years. Sure, they could get a good profit — on average, home sellers today make about 65 percent return on their original purchase before closing costs, the Attom data shows. That’s the third best profit in the country, behind the San Francisco and San Jose regions. But then what? If you want to remain a homeowner locally, you still have to turn around and buy at today’s high prices, and deal with transaction costs like taxes and realtor commissions on both sales. https://www.seattletimes.com/business/real-estate/seattle-home-prices-are-so-high-partly-because-barely-anyone-is-selling-despite-chance-for-big-profits/
REAL TRENDS ANNOUNCES NEW REPORT ON SINGLE-FAMILY RESIDENTIAL INVESTMENT MARKET
The Iceberg Report is an annual report on the American Single-Family Residential Investment Market REAL Trends, Inc., the Trusted Source in residential brokerage and Andrew Waite of NEXZUS Publishing Group announces the release of The Iceberg Report, an annual report and analysis of the American Single-Family Residential Investment Industry. Some 23 percent of one- to four-family residential homes in the United States are owned by investors. The Iceberg Report details the size of the single-family residential market, as well as the demographics, attitudes and behaviors of owners of single-family investment homes and uncovers the companies that serve this market. The implications of investors owning and holding single family residential real estate as an investment have enormous implications for the future of housing, rentals and homeownership at large as well as housing affordability. “The Iceberg Report confirms what we suspected,” says Steve Murray, president of REAL Trends. “More successful investors rely150
