Federal prosecutors have taken legal action to seize two luxury apartments in New York City, valued at $14 million, that are believed to have been purchased with funds from a corrupt scheme involving Mongolia’s significant copper mine, former Prime Minister Sukhbaatar Batbold, and his Harvard Business School graduate son. The lawsuit, filed in U.S. District
Real Estate
Pacaso, a luxury vacation home co-ownership platform, is making waves in the real estate market by offering a unique opportunity for people to own a share of high-end homes at a fraction of the cost. Originally launching with multimillion-dollar properties, Pacaso is now expanding its listings to include shares starting as low as $200,000. This
Recent data shows that the rate at which home prices are growing in the U.S. has slowed down. In February, U.S. home prices increased by 0.6% from the previous month, consistent with the average monthly gain of 0.6% over the past eight years prior to the Covid-19 pandemic. Daryl Fairweather, the chief economist at Redfin,
China is currently facing a critical decision regarding its economic future. According to the International Monetary Fund’s Managing Director Kristalina Georgieva, the country is at a crossroads where it must choose between sticking to its old economic policies or implementing reforms to stimulate growth. With factors such as low productivity growth and an aging population,
Donald Trump is currently facing a severe risk as New York’s attorney general, Letitia James, is poised to start collecting a $454 million civil business fraud judgment against him. The former president’s son, Eric Trump, who is also a co-defendant in the case, has accused James of attempting to bankrupt his father with the judgment.
A recent ruling by Judge Arthur Engoron has mandated that the Trump Organization must disclose any attempts to secure an appeal bond to court-appointed financial monitor, Barbara Jones. This decision comes in the midst of Donald Trump’s legal battle regarding a civil business fraud case. Trump’s legal team has faced significant hurdles in procuring the
In February, sales of existing homes skyrocketed by 9.5%, reaching a total of 4.38 million units on a seasonally adjusted annualized basis. This increase caught many housing analysts off guard, as they were expecting a slight decrease in sales. While sales were down by 3.3% compared to the previous year, this jump marked the most
It was recently revealed that insurance giant Chubb was in talks with Donald Trump and his co-defendants for a $464 million appeal bond in the former president’s civil fraud case. However, the company decided to back out of the agreement. This decision came as a surprise after Chubb had previously given Trump a bond in
The gap between the rate of inflation and the increase in home prices over the past 60 years has widened significantly. While inflation has risen 10 times since 1963, home prices have surged by a staggering 24 times, as reported by a recent study. This stark contrast highlights the challenges faced by prospective homebuyers in
President Joe Biden is set to make a visit to the battleground state of Nevada to address the issue of high rents, which the White House believes are being artificially inflated by corporate landlords. This move is part of Biden’s strategy to shift the blame for the rising cost of living away from his administration