Man Sues SFO, Agents and Boatload of Others for $555 Million
The San Francisco International Airport (SFO) is approximately 4 miles northeast of Hillsborough, CA , and the home of Stanley Hilton, but that is 4 miles too close. That is because Mr. Hilton claims in his lawsuit (PDF) that the proximity of SFO and its “round the clock jet aircraft in and out of SFO” has caused “severe emotional and physical injuries” including the loss of his marriage, family and career.
Tax Credit, Other Key Provisions of American Recovery and Reinvestment Act
A homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed into law Feb. 17. View tax-credit features chart (PDF: 309K).
More Real Estate Science! Finding the Sweetest Deals
Redfin’s real estate scientists published a big, glorious new report today on when homes will sell for a big discount and when they won’t, based on thousands of home sales across the country. We spent two months grinding through the data because every day, we see buyers with born-to-lose tattoos on their foreheads making lowball offers doomed to instant failure. And then sometimes they win . Nuts! Figuring out fast when a deal will fly and when it won’t is the key to making our margins work.
The Broken Tower and the Ivory Tower
Stephen Dubner and Steven Levitt renew their argument that real estate brokers aren’t worth 6% , citing a study (PDF) conducted by Stanford economist B. Douglas Bernheim and one of his graduate students, Jonathan Meer, which shows that using a broker has no effect on a home’s average selling price. We are an (online) broker ourselves, but have argued that consumers should be able to choose the real estate services for which they pay , so I’m not sure we have a dog in this fight. In the past, we have welcomed studies showing that buyers and sellers can get along without a broker , and argued that a client working with an online broker negotiates a better price .
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