China's anti-money-laundering rules could burst Canada's real-estate bubble

China has adopted stringent new anti-money-laundering rules that will make it nearly impossible for small investors -- for example, middle-class families who pool their savings -- to get their money out of the country in order to buy condos in Canada's superheated property market (not just Canada, of course!). Read the rest

America's gargantuan new corporate landlords evict the shit out of Americans

The housing recovery has been famously uneven, in every way: for one thing, it's allowed hedge-fund and publicly listed landlords to acquire a greater proportion of America's housing stock than ever, even as mass foreclosures created a new class of desperate tenants who pay rent to these corporate giants, who charge higher rents than ever. Read the rest

Leaked doc shows Trump Treasury pick presided over the "widespread" theft of Americans' homes

Steve Mnuchin, Trump's pick for Secretary of Treasury, has a checkered past (he once foreclosed on a 90 year old customer who was $0.27 short on her mortgage payment) but a leaked memo from the California attorney general's Consumer Law Section reports that Mnuchin's leadership of Onewest Bank involved "widespread misconduct" in foreclosing on Californians, through which the bank was able to fraudulently confiscate their customers' homes. Read the rest

2,100+ veterans pledge to build barracks to help Dakota Access Pipeline water defenders survive the winter

Yesterday, Wesley Clark Jr -- son of retired U.S. Army General Wesley Clark -- met with North Dakota law enforcement officials on behalf of the 2,100 members of the Veterans Stand for Standing Rock group, who have pledged to come to the conflict site and build barracks to shelter the water defenders fighting the Dakota Access Pipeline. Read the rest

Embarrassed New Yorkers force Trump Place to change name

New Yorkers renting in the Trump Place buildings on the upper west side have forced the building's owner to take Trump's name off their homes. Read the rest

US foreclosure map predicts US battleground states map

Tom Adams, a lawyer and 20-year veteran of the securitization business, compares a map of America's largest foreclosure inventories with a map of key battleground states. Read the rest

Zine goddess Chloe Eudaly is running for Portland City Council

Chloe Eudaly, whose zine emporium Reading Frenzy (previously) and publishing makerspace the Independent Publishing Resource Center are PDX institutions, is running for Portland City Council, campaigning on affordable housing for all in a city whose longterm residents are being left behind by runaway rents and spiraling housing prices. Read the rest

July: Vancouver imposes a 15% tax on foreign real estate speculators; September: home sales drop by a third

Vancouver has been wracked by a white-hot property bubble driven primarily by offshore speculators, mostly Chinese, who have driven up the price of housing beyond the means of working Vancouverites, crippling the city's daily life as workers, students and families struggle to find somewhere -- anywhere -- to live. Read the rest

Manhattan apartment sales are down 20% in Q3

Sales of Manhattan co-ops and condos have plunged 20% in Q316, relative to the same quarter last year -- sales in excess of asking price dropped from 35% to 17%; days on market before sale increased from 67 to 72; median growth in sale price fell to 2.6% from 18%. Read the rest

Chinese real estate bubble is "biggest in history"

Wang Jianlin made billions speculating on Chinese real-estate; now that he's diversified into buying Hollywood movie studios and chains of movie theaters, the richest man in China is prepared to say what many have known: the Chinese property market is a huge, deadly bubble that's ripe to burst. Read the rest

NYC's sloppy records gave $59.2M in tax breaks to dead people

New York's elderly people qualify for the Senior Citizen Homeowners' Exemption and the Enhanced School Tax Relief Exemption, but the city's Finance Department is supposed to solicit confirmations of eligibility every two years to make sure that the people receiving the tax-breaks are still alive -- a duty the department failed to perform for a solid decade, costing the city nearly $60M in lost revenue. Read the rest

New York's stately libraries sport hidden apartments for live-in caretakers

For the first half of the 20th Century, it was common for New York's libraries to have live-in superintendents, whose families would live on-site in hidden apartments -- the last one of these apartments wasn't vacated until 2006. Read the rest

Low income US households get $0.08/month in Fed housing subsidy; 0.1%ers get $1,236

America is in the grips of one of the worst housing crises in its history, with 1 in 3 households spending more than 30% of their income on mortgage or rent payments; the US government has two kinds of housing subsidy, one for poor renters and the other intended for middle-income mortgage payers, but guess who gets most of the money? Read the rest

London luxury property prices plummet after Brexit vote

A Russian home-buyer pulled out of a "agreed offer" of £6.95m for a six bedroom Kensington flat, now it's listed for £6.75m; a three-bedroom in Swiss Cottage is down to £1.05m from £1.5m; a £1.1m 2-bedroom in Whitechapel is now £720,000; a 2bm maisonette in Notting Hill fell from £1.59m to £1.35mk; a £1.3m 5br in St. Reatham is down to £850,000 and estate agents have mutually agreed to go back to calling it Streatham. Read the rest

Singaporean bank stops lending money to UK property speculators

Singaporeans are the most prolific speculators on UK commercial property, and the United Overseas Bank is the most prolific lender to Singaporeans who want to speculate in that market -- and now they're turning off the faucet. Read the rest

Small shelter inspired by armadillo

Architect Ron Arad designed this lovely indoor/outdoor shelter, called the Armadillo Tea Pavilion. The shells are made from the likes of oiled plywood or PVDF-coated timber composite. The hardware is brass and bronze.

The Armadillo Tea Canopy is designed as an independent shell structure, for use indoors and outdoors, and provides an intimate enclosure, shelter or place of reflection within a garden, landscape, or large internal space. In its basic configuration, the Pavilion comprises 5 moulded shells, each made of repeatable, modular components which are mechanically-fixed together with exposed fixings and stiffening brackets. The modularity of components provides freedom to configure the tea canopy to suit a number of arrangements, which can be expanded when using additional shells.

A limited number of Armadillo Tea Pavilions are available from Revolution Precrafted.

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UK startup offers landlords continuous, deep surveillance of tenants' social media

Here's Source Assured's pitch: landlords, if you write a requirement for tenants (and prospective tenants) to let us access their social media accounts into your lease/application process, we'll scrape all that data, use an unaccountable system to analyze it, and produce libelous, life-destroying dossiers on them that you can use to discriminate against people who seek shelter, the most fundamental human need after sustenance. Read the rest

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