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☆ A New Jersey homebuilder who pays his workers over $100,000 wants young people to know construction can be a lucrative career that doesn't require college — and businesses are desperate to hire
▼ + stars: | 2024-05-11 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Bodei's family has been in the construction business for generations, so he'd seen how lucrative it could be to build and renovate upscale single-family homes in affluent suburbs. This story is available exclusively to Business Insider subscribers. Fewer construction workers means less — and slower — residential construction, which in turn leads to higher home prices. Mayra Beltran/Getty ImagesA labor shortage years in the makingThe US has faced a severe shortage of construction workers of all sorts for years. When the financial crisis crushed the housing market in 2008, the construction industry took a massive hit.

Persons: —, Michael Bodei, Bodei, he'd, it's, Sam Laureto, Mayra Beltran, haven't, Ken Simonson, Simonson Organizations: Service, Bodei, Business, Oaks, US, Associated Builders and Contractors, Associated, Contractors of America Locations: Morristown , New Jersey, Houston , Texas, South Florida

☆ Rolls-Royce is growing its factory so it can build cars more slowly
▼ + stars: | 2024-04-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.

Persons: Royce, “ We’re, ”, Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry

☆ A W-2 employee who used real estate to reduce federal taxes on his $300,000 salary by 99% explains how to pick the right property to qualify for the tax loophole and maximize deductions
▼ + stars: | 2024-03-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By then, he had sold his short-term rental property for a profit, but he still owned other long-term rentals. Therefore, they used the real-estate professional status and bonus depreciation to reduce their taxable income. The main one is through the short-term rental tax loophole (STR loophole). For example, Eileen pointed to Henderson, Nevada, which won't allow a short-term rental permit for a house if there is a permit for an existing short-term rental within 1,000 feet. Deductions would cancel out the taxes owed from the property's revenue, and what is left will reduce your W2 taxable income.

Persons: Michael Hyun, Joshua, Hyun, Eileen Kim, Eileen's, Michael, Brandon Ford, Eileen, Ford, Michael said, you'll Organizations: Business, CPA, IRS, Tax Relief, American Families and Workers Locations: Joshua Tree , California, New York City, San Francisco, Santa Monica , California, Henderson , Nevada, San Jose , California, Alameda County

☆ Eggo unveils breakfast-themed rental home for National Pancake Day: Here's how to book your free stay
▼ + stars: | 2024-02-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The popular frozen waffle brand Eggo has unveiled the Eggo House of Pancakes, a home that has received a makeover both inside and out to make it appear like a stack of flapjacks. The Gatlinburg, Tenn. home will be available to prospective guests beginning Feb. 28 — also known as National Pancake Day. The kitchen at the Eggo House of Pancakes comes stocked with an assortment of the brand's products. Guests at the House of Pancakes will arrive to a fully-stocked fridge full of Eggo pancakes. The company said that it chose to make the home pancake-themed instead of waffle-themed because Gatlinburg is the "pancake capital of the South."

Persons: — Organizations: Eggo Locations: The Gatlinburg, Tenn, Gatlinburg

☆ How Tarek El Moussa turns outdated properties into luxury homes
▼ + stars: | 2024-02-20 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +3 min

Tarek El Moussa spoke to BI about flipping luxury homes. AdvertisementTarek El Moussa is peeling back the curtain on luxury homes. AdvertisementThe details make the differenceAccording to El Moussa, "details and texture" are the key to elevating high-end homes. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." But luxury owners still love the trend, which can lead to a lot of work during the flipping process, El Moussa said.

Persons: Tarek El Moussa, —, Christina Hall, Tarek, Heather Rae El Moussa, El, El Moussa, HGTV El Moussa Organizations: Service, HGTV, Business Locations: California

☆ A W-2 employee explains how he used real estate to reduce federal taxes on his $300,000 salary by 99% — plus a 2-step process to qualify for the deductible
▼ + stars: | 2024-02-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Not everyone qualifies for bonus depreciation deductions by default. “Any property could qualify for accelerated and bonus depreciation,” said Brandon Ford, a CPA and finance director at C3, a real-estate investment firm. Determining the deductibleOnce you qualify for the deduction, you must determine how much you can claim from bonus depreciation. To determine what Michael could deduct, he reviewed his property tax statement, a publicly available record on the county website. In order to qualify for bonus depreciation, he ordered a cost segregation study, which is a third-party service similar to an appraisal.

Persons: Michael Hyun, Eileen, Michael, what’s, ”, Eileen’s, Brandon Ford, Michael said, Ford, ” Ford, Hyun, —, That's Organizations: Business, Bay Area, IRS, CPA Locations: California, Bay, Alameda County

☆ How to Create a Soulful but Up-to-Date Kitchen
▼ + stars: | 2023-11-23 | by ( Elizabeth Sweet | ) www.wsj.com time to read: +1 min

DON’T LET the exposed brick fool you. Until recently, this vibrant kitchen in Bedford-Stuyvesant, Brooklyn, was dingy, dull and stripped of original details—the victim of a hit-and-run renovation that removed every bit of character from the circa-1900 row house, says architect-designer Sarah Jacoby. Reintroducing structure and a sense of craftsmanship via a swath of handmade Shaker-style cabinetry from deVOL, a U.K. firm beloved for their traditional benchmade joinery. Hand-painted in vivid Scullery Yellow, the cupboards strike the ideal balance between historic and “of the now,” said Jacoby. “It’s just a much more welcoming place to be now,” said the owners.

Persons: Sarah Jacoby, Jacoby, ”, “ It’s Locations: Bedford, Stuyvesant , Brooklyn, New York City, deVOL, U.K

☆ $550,000 Homes in Massachusetts, Illinois and Virginia
▼ + stars: | 2023-11-22 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Sheffield, Mass. It is about 20 minutes from Great Barrington, a popular shopping and dining destination, and 40 minutes from Lenox, home to the Mount, Edith Wharton’s country estate, and the Tanglewood Music Center. Size: 1,506 square feetPrice per square foot: $365Indoors: The house sits back from the road, at the end of a long driveway. The front door opens into a bright living room with multiple windows and a fireplace with a stone chimney flanked by built-in cabinetry and shelves. This space is open to a dining area in front of a large window with a view of mature trees.

Persons: Edith Wharton’s Organizations: Tanglewood Music Center ., New Locations: Sheffield, York, Connecticut, Great Barrington, Lenox, Tanglewood Music Center . Albany, N.Y, Hartford, Conn, New York City, Boston, cabinetry

☆ $400,000 Homes in Oklahoma, South Carolina and Louisiana
▼ + stars: | 2023-10-25 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Oklahoma City | $385,000A 1925 Craftsman house with three bedrooms and two bathrooms, on a 0.2-acre lotThis house is on a tree-lined street near downtown, less than a 10-minute drive from the Oklahoma City Museum of Art and the bustling Oklahoma River waterfront. A public elementary school is less than a mile away, and a public high school is five minutes away by car. Driving to the University of Oklahoma, in Norman, takes about half an hour. The front door opens into a living area with wide-plank hardwood floors and windows overlooking the porch and front yard. The living room, to the right, has two built-in workstations with desks and open shelving.

Organizations: Oklahoma City Museum of Art, Lyric Theatre, University of Oklahoma Locations: Oklahoma, Norman, Dallas

☆ See inside the lavish reception rooms at the US State Department
▼ + stars: | 2023-09-26 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +13 min

"America's Collection: The Art and Architecture of the Diplomatic Reception Rooms at the US Department of State." Durston Saylor/Courtesy Rizzoli The Thomas Jefferson State Reception Room. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room, which was designed by Walter M. Macomber. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room. Durston Saylor/Courtesy Rizzoli The design of diplomacy: See inside the lavish reception rooms at the US State Department Prev NextRooms that take you back in time“America’s Collection” gives those without diplomatic credentials a chance to experience that moment.

Persons: Harry S, John Kerry, Obama, Kerry, Truman, Oz, Durston Saylor, Benjamin Franklin, John Blatteau, Thomas Jefferson, James Monroe, Walter M, John Quincy Adams, Childe Hassam, Edmund C, Martin Van Buren, Henry Clay, George Washington, , Francis Scott Key, Paul Revere, John Adams, Clement Conger, Edward Vason Jones, Benjamin West's, John Jay, Henry Laurens, William Temple Franklin, Bruce M, Jones, King George III, Mark Alan Hewitt, Adams, Louisa Catherine, Martha Washington, Alexandra Kirtley, ” Kirtley, Kirtley, ”, Betsy Kornhauser, Kornhauser, “, Joshua Shaw, Thomas Cole, Cole, Virginia Hart, ” —, Walter Thurston Gentlemen's, we’re, ” Hart Organizations: DC CNN, US, Truman, US Department of State, State Department, Benjamin, Thomas, James, James Madison, Henry, American, Department, Powel, York’s Metropolitan Museum of Art, Winterthur Museum, Library, Philadelphia Museum of Art, CNN, Metropolitan Museum of Art, River School, “, ”, Department of State, Rizzoli Electa Locations: Washington, United States, Virginia, Mount Vernon, Paris, Great Britain, Philadelphia, British, Delaware, China, American, Europe

☆ See inside this chic, 1970s Santa Barbara houseboat named Thomas Jefferson that can be yours for $4.9 million
▼ + stars: | 2023-09-23 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

The home's seller, Jeff Wapner, purchased the houseboat so he could be closer to the ocean. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "After moving back to Santa Barbara, I wanted to live as close as possible to the ocean. After living on the Thomas Jefferson for about a year, Wapner realized there were a few issues. The slip in Santa Barbara Harbor is included in its listing price, the Wall Street Journal reported.

Persons: Jeff Wapner, Wapner, —, Thomas Jefferson —, I've, Thomas Jefferson, CJ Paone, Louisa Kimble, Santa Barbara Harbor Organizations: Service, Wall Street Journal Locations: Wall, Silicon, Santa Barbara , California, Santa Barbara

☆ 30-year-old bought a ‘cheap, old’ abandoned house for $16,500—and completely transformed it: Take a look inside
▼ + stars: | 2023-09-23 | by ( Betsy Sweeny | ) www.cnbc.com time to read: +6 min

But I wasn't planning to buy a house until I saw the 3,075-square-foot McLain House during a walk through the East Wheeling Historic District. Mickey Todiwala for CNBC Make ItUpon entrance, you're greeted by a grand stairway, complete with a fireplace tucked into the corner. Photo: Mickey Todiwala for CNBC Make ItThe third floor will be my next big project. What I love about living in a cheap, old houseThere are so many wonderful things about this house. Photo: Mickey Todiwala for CNBC Make It

Persons: Betsy Sweeny, Thomas B, McLain, John G, Eliza Ellen Baird McLain, Mickey Todiwala, Kellie Organizations: Wheeling National Heritage Area, East, East Wheeling Historic, Friends, CNBC Locations: Wheeling , West Virginia, Wheeling, East Wheeling, East Wheeling Historic District, Portugal, Warren , Ohio, McLain

Mr. Mateer testified that, during Mr. Paxton’s re-election campaign in 2018, he confessed to a group of top aides, including Mr. Mateer, that he was involved in an extramarital affair. Mr. Mateer said he believed Mr. Paxton had repented. Then, in 2020, Mr. Paxton began trying on various fronts to assist Mr. Paul, Mr. Mateer said. He learned that Mr. Paul had hired the woman Mr. Paxton had been seeing in 2018. Under cross-examination, Mr. Vassar was asked whether he had brought any evidence with him to the meeting, which included Mr. Mateer, Mr. Bangert and four other aides.

Persons: Jeff Mateer, Ken Paxton, Paxton, ”, Nate Paul —, Paxton’s, —, Mr, Paul, Mateer, Angela Paxton, Ryan Bangert, “, Nate Paul, ” Mr, Ryan Vassar, Vassar, Bangert, J, Mitchell Little, Andrew Wicker, “ Nate, Wicker, Tony Buzbee, Buzbee, David Maxwell, Maxwell, Eric Gay, Paul’s, General Paxton, Dan Cogdell, Cogdell, you’ve, haven’t, “ Rather, ” “ Organizations: ” Prosecutors, Christian, State Senate, Prosecutors, Senate, Texas Ranger Locations: Texas, Austin

☆ Prosecution Rests in Paxton Impeachment, Focusing on Favors
▼ + stars: | 2023-09-13 | by ( J. David Goodman | More About J. David Goodman | ) www.nytimes.com time to read: +1 min

The Republican-led prosecution rested its case on Wednesday for impeaching the attorney general of Texas, Ken Paxton, ending on a central claim: that an Austin real estate investor paid for Mr. Paxton’s home renovations in exchange for favors. The testimony about countertops and cabinetry — and a bill for $121,000 — came on the seventh day of the trial. It had appeared, at the start, that the day would focus on another allegation: that Mr. Paul had helped Mr. Paxton conduct an extramarital affair. The prosecution called the woman, Laura Olson, a former staff member to a Republican state senator and a witness whose testimony had been highly anticipated. Mr. Paxton’s lawyers immediately objected, and Ms. Olson waited around in the Texas Capitol, mostly at a table in the legislative library.

Persons: Ken Paxton, Paxton’s, general, Nate Paul, Paul, Paxton, Laura Olson, Olson Organizations: Republican, Mr, Texas Capitol Locations: Texas, Austin

☆ $875,000 Homes in California
▼ + stars: | 2023-08-21 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Lake Arrowhead | $875,000A renovated 1968 house with three bedrooms and two and a half bathrooms, on a 0.2-acre lotThis house has views of the lake from several of its main spaces. It is close to a popular hiking trail and to Lake Arrowhead Country Club, which has an 18-hole golf course. A small grocery store, a sports bar and a public library are within a five-minute drive; more shopping and dining options are along the lakefront, about 10 minutes away. The updated kitchen, next to the dining area, has sage-green cabinetry, stainless steel appliances, a rough stone backsplash and a pantry. A powder room with a sliding farmhouse-style door is off the kitchen.

Organizations: Lake Arrowhead Country Club, Downtown Locations: Bernardino, Riverside, Downtown Los Angeles, Springs, Coachella

☆ $1.2 Million Homes in California
▼ + stars: | 2023-08-14 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Calabasas | $1.2 MillionA three-bedroom, two-bathroom ranch house built in 1968, on a 0.1-acre lotThis house, which was recently updated with new stucco, insulation, drywall and HVAC systems, is in Calabasas Highlands, a quiet section of the city just off Mulholland Drive. It is less than a 10-minute drive from Bay Laurel Elementary School and Calabasas High School, well-ranked public schools, and about the same distance from the Commons at Calabasas, an outdoor shopping and dining center. Driving to Topanga Canyon, Thousand Oaks or the beaches in Malibu, on the other side of the Santa Monica Mountains, takes about 20 minutes. Beyond is an open family-and-dining room with a fireplace, a beamed ceiling and a door to the rear deck. The adjacent kitchen has refinished oak cabinetry, quartz counters and a breakfast bar.

Organizations: Bay Laurel Elementary School, Calabasas High School Locations: Calabasas, Calabasas Highlands, Bay Laurel, Topanga, Malibu, Santa Monica

☆ In the British Countryside, a Home That Was Once an Ice Cream Factory
▼ + stars: | 2023-07-21 | by ( Ellie Pithers | ) www.nytimes.com time to read: +2 min

The house in Devon similarly balances crisp forms, simple materials and the occasional more luxurious touch. Their interest piqued, Pinch and Bannon went to see the place, only to be told an offer had already been accepted. But several days later they received a phone call: the farmer felt hopeful the couple would respect his vision and invited them to make a competing offer. One side would incorporate the old barn — thought to date to around 1600 and the erstwhile home of the ice cream factory — and would accommodate two bedrooms. But we like the patina and big knots, which give it such character.”

Persons: Pinch, David Kohn, Bannon, Ada, Floris, ‘, ’ ”, Kohn, ” Locations: Devon, British, South London

☆ In Paris, a Dinner at a Former Taxidermy Workshop
▼ + stars: | 2023-07-06 | by ( Julia Sherman | ) www.nytimes.com time to read: +3 min

Though far smaller in scale, the debut of We Are Ona’s Paris studio, on a crisp evening in spring, felt just as significant. As the sun set, friends began to trickle in, accepting glasses of celebratory champagne. Kenny Duncan, 35, a sculptor, found common ground with the chef Zélikha Dinga, 34, whose old-world desserts are presented with an artist’s eye. Behind her was an oil painting of a young woman in tears, a self-portrait by her dinner partner, the artist Inès Longevial, 32. “Four hundred people sat on 400 one-of-a-kind chairs,” Pronzato said.

Persons: Pronzato, Ona, Rihanna, Sayaka Sawaguchi, Gil Nogueira, Garde, Louis, Géraud Castor, Castor, Sébastien Meyer, Arnaud Vaillant, Mory Sacko, Louis Vuitton, Tropez, Kenny Duncan, Zélikha Dinga, Celine Pham, Inès Longevial, ”, he’s, Gaetano Pesce, ” Pronzato, “, — Organizations: Perron, Cartier, Louis, Reform Locations: Los Angeles, Champagne, Coperni, St ., Inari, Arles, Italian

☆ This $18 million Invisible House is the most expensive listing in Joshua Tree — and it's already a money-maker
▼ + stars: | 2023-05-18 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

Brian AshbyThe modern glass architecture is situated on 67.5 acres just steps away from the Joshua Tree National Park. Brian AshbyThe home was designed by film producer and current owner, Chris Hanley, and Frank Gehry-collaborator, architect Tomas Osinski. According to co-listing agent Matt Adamo, the highest price ever achieved for a home in Joshua Tree was $3.5 million. The Invisible House in Joshua Tree, California is a mirrored 22-story horizontal skyscraper. The rooftop of the Invisible House is equipped with an array of solar panels that supply the home with electricity, heat and hot water.

☆ A real-estate investor who started with 2 single-family houses and leveraged their debt to scale to over 2,400 rental units shares 4 tips he and his partner used to maximize cash-out refinances to pur
▼ + stars: | 2023-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

The cash was then used to purchase then next set of investment properties. Whitmore and his now business partner, Joel Thompson, saw a newspaper ad for two run-down single-family houses in Tulsa, Oklahoma. Whitmore scraped the cash from two tax refunds, buying and selling used watches, and an $8,000 loan from his parents. The rental income is used to pay back the loan or mortgage, while the cash is put towards purchasing the next property. But for a $50,000 house, Whitmore says you can spot structural issues just by looking for cracks in the interior walls or in the exterior brick.

☆ $1.9 Million Homes in California
▼ + stars: | 2023-05-15 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

The property is in Echo Park, a few blocks from a bustling stretch of Sunset Boulevard with nightclubs, coffee shops and vintage clothing boutiques. Echo Park Lake, where swan-shaped paddle boats can be rented by the hour, is less than a mile away. To the right is a sunny, windowed dining room that connects to a kitchen with wood cabinetry and stainless steel appliances. The kitchen is open to a spacious living room with glass doors that open to a wood deck. This space also has access to a laundry room and a powder room.

☆ 27-year-old pays $0 to live in a ‘luxury tiny home’—how she built it for $35,000: 'I forget I'm living in a shed'
▼ + stars: | 2023-05-13 | by ( Precious Price | ) www.cnbc.com time to read: +5 min

In 2020, I built a tiny home in the backyard of my 1,400-square-foot house in Atlanta, Georgia for about $35,000. A lot of the time, I forget I'm living in a shed. Tiny homes are just beginning to gain traction in the U.S., but the process isn't as straightforward as it should be. Do a quick Google search with your city's name and the terms "zoning map" or "zoning office." Zoom In Icon Arrows pointing outwards Precious used a lofted shed from Liberty Storage Solutions as the base of her tiny home.

☆ $3.2 Million Homes in California
▼ + stars: | 2023-05-08 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

It is a few blocks from Lombard Street and a stretch of Union Street with an Equinox gym, coffee shops and restaurants housed in early 20th-century buildings with ornate facades. This neighborhood is about a half-hour ride on public transit from the Civic Center and Sausalito, across the Bay. San Francisco International Airport is a 40-minute drive, traffic permitting. Size: 2,400 square feetPrice per square foot: $1,331Indoors: Stairs lead up from the street to the building’s blue front door, which opens into a stair hall. It connects to a windowed kitchen with white cabinetry and stainless steel appliances, including a Wolf range.

☆ $625,000 Homes in Minnesota, Rhode Island and Kentucky
▼ + stars: | 2023-05-03 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Size: 2,022 square feetPrice per square foot: $309Indoors: A paved path leads from the street up to the stoop. The front door opens directly into a sunny living room with hardwood floors and street- and side-facing windows. The hardwood floors continue through a wide, arched doorway into a dining room with a built-in cabinet. This space is open to a kitchen with white cabinetry and new appliances. The family room, beyond, has direct access to the rear deck.

☆ 2023’s Most Coveted Kitchen Is Superexpensive. Here’s How to Get the Look for Less
▼ + stars: | 2023-04-15 | by ( Sarah Karnasiewicz | Photographs Andrew Bui For The Wall Street Journal | ) www.wsj.com time to read: 1 min

TA-TA, soulless stainless ranges. Cheerio, monolithic marble islands. A few years back, a new status kitchen—imported primarily via a pair of posh British outfits called Plain English and deVOL—surfaced stateside. Modeled loosely on the below-stairs service kitchens once found on grand estates, it quickly found a cult following for its homely hallmarks: pared-back Georgian cabinetry in moody colors, from chalky green to dishrag pink; studiously aged taps and cupboard latches; commodious “larders” in which to corral microwaves and other conspicuously 21st-century appliances; open shelving where vintage copper pots rub shoulders with ancestral oil paintings. Think of it as the “old-money look” for kitchens.

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