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☆ Golden visas attracted wealthy Americans to Southern Europe. Then their housing crisis followed.
▼ + stars: | 2024-05-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.

Persons: —, They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France

☆ Election Updates: Biden courts labor unions, with a speech to electrical workers planned today.
▼ + stars: | 2024-04-19 | by ( Chris Cameron | ) www.nytimes.com time to read: +9 min

Members of this prominent Democratic family, including most of Mr. Kennedy’s siblings, had already signaled their support for Mr. Biden. Just as President Biden does today.”“Nearly every single grandchild of Joe and Rose Kennedy supports Joe Biden,” she said. “That’s right: The Kennedy family endorses Joe Biden for president.”Responding on social media, Mr. Kennedy avoided engaging with his family’s rejection of his candidacy. “I know you’re never supposed to reject a gift,” Mr. Kennedy joked as he held them. He then encouraged the roughly dozen people there to volunteer for the Biden campaign, arguing that their help could decide the election.

Persons: Kennedy, Biden, Robert F, Kennedy Jr, I’m, Kathleen, Rory, Joe, Chris, Max, Joe Biden, Kamala Harris, —, Kennedy’s, Biden’s, Jim Wilson, Donald, ” Kerry Kennedy, “ Daddy, Rose Kennedy, ”, “, Mr, John, Kennedy —, John F, Martin Luther King, Donald J, Trump, Conor Lamb, Teenie Harris, Edward M, ” Joseph P, Kennedy II, Joseph P, Kennedy III, you’re, ” Mr Organizations: America, Biden, White, Democratic, Black, New York Times, Trump, PAC, Voters, Marquette Law School, Carnegie Museum of Art, Getty, Mr, Republican, MAGA Inc, Philly Locations: Philadelphia, America, Michigan, United States, Wisconsin, American, Pennsylvania, Kennedy, Washington, Pa, Harlem, Massachusetts

NOW PLAYINGHow Street Art Is Gentrifying Neighborhoods1:56An Insider’s History of Guantánamo Prison Camp2:16How a Third-Party Candidate Could Affect the 2024 Vote2:34Our Reporter on the History, and Return, of Private Clubs2:26How Trump Paid $100 Million in Legal Fees3:21‘Hey, Meta, What Am I Looking At?’2:33How a Settlement Could Change the Housing Industry2:27Key Takeaways From Supreme Court Arguments on Abortion Pill Access2:16Behind Our Investigation Into India’s Sugar Industry2:22Our Reporter on the April 8 Total Solar Eclipse2:12Our Reporter on the Actual Costs of Luring Studios2:15

Organizations: Trump, Sugar

☆ Sayre Gomez’s paintings show LA ‘as it is, rather than a projection’
▼ + stars: | 2024-02-26 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +7 min

CNN —It was not until I looked at “Family Room” for the second time that I saw the two children. The scene of decay and demise is a painting by LA-based artist Sayre Gomez, called “Family Room,” that brings together disparate elements of his hometown in an unnervingly photorealist style. The work forms part of his solo show “Heaven N’ Earth,” at art dealer Xavier Hufkens’ flagship gallery in Brussels, Belgium, exploring the complex dichotomies of the urban landscape. The Broad Museum in Los Angeles has also recently added Gomez’s work to its collection. Gomez's photo-realistic work is currently appearing in a solo show at Xavier Hufkens in Brussels, Belgium (above) and a group show at The Broad in Los Angeles.

Persons: Sayre Gomez, Xavier Hufkens, ” Gomez, Xavier Hufkens It’s, “ Gomez, Gomez, ”, Ed Rusha, Jack Goldstein, ” Sayre Gomez, Sam Ramirez, it’s, fabricators, John Baldessari, Xavier Hufkens “, Ed Schad, David Zwirner Organizations: CNN, Los Angeles Homeless Services Authority, California Institute of the Arts, Lucasfilm, Peabody Werden, Voorlinden, The Broad Museum Locations: LA, Brussels, Belgium, deindustrialization, ”, Chicago, Los Angeles, Boyle Heights, Hollywood, Netherlands, Hope, Angeles, California

☆ I'm an American living in Mexico. I've seen the effects gentrification has on the locals and wish other expats would stop doing these 5 things here.
▼ + stars: | 2024-01-14 | by ( Ananya Vahal | ) www.businessinsider.com time to read: +6 min

He says Americans moving to Mexico need to stop staying in older Airbnb units among other things. AdvertisementThis as-told-to essay is based on a conversation with Jeremy Albelda, a 36-year-old entrepreneur living in Mexico City. Here are some things that other Americans moving to Mexico should stop doing. Make an effort to learn Spanish and you'll help improve the overall image of remote workers and tourists. Stop staying in older Airbnb unitsOlder Airbnb unit owners usually displaced a local resident to turn it into an Airbnb.

Persons: Jeremy Albelda, Albelda, —, It's, it's, who've, Airbnb, I've, we're, I'm Organizations: Mexico City, Service, San Locations: Mexico, Mexico City, Philadelphia, Roma Norte, San Miguel, British, London

☆ A woman's Gen Alpha sister informed her that 'pop off,' 'BFF,' 'bae,' and other Gen Z and millennial slang are no longer cool, and older viewers say it hurts
▼ + stars: | 2024-01-08 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +3 min

Last Wednesday, a Gen Alpha girl named Brooklyn made her older sister Liv Kaplan feel out of touch when she informed her that a slew of Gen Z and millennial slang, from "bae" to "pop off" to "slay," is no longer cool. Perhaps most surprisingly, to call someone a best friend, Brooklyn said Gen Alpha doesn't use "bff" as much as "bsf." (Though some commenters disputed this detail and accused Gen Alpha of "gentrifying" the word GYAT by turning it from a way to say "god damn" into an acronym.) @livkaplan Replying to @Noah Schnapp ASKING MY GEN ALPHA LITTLE SISTER WHAT SLANG IS IN PART 2 💋✨ @BROOKLYN ♬ original sound - Liv KaplanIn a follow-up video, Brooklyn provided more Gen Alpha-friendly phrases. She also said Gen Alpha uses words like "cap," a way to say you think someone is lying, and "ate," meaning metaphorically to devour a look or moment (e.g., "you ate that outfit").

Persons: —, Alpha, Liv Kaplan, Z, Brooklyn, Gen Alpha, @livkaplan, @Noah, n., ike Organizations: Service, Generation Alpha, Brooklyn, Business, Alpha, bsf, bae, GEN ALPHA Locations: yass, —

☆ Student-loan borrowers are taking on more debt, and it's not all tuition — blame skyrocketing housing costs
▼ + stars: | 2024-01-07 | by ( Eliza Relman | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

AdvertisementRigel Robinson, chair of the Land Use, Housing, and Economic Development Committee on the Berkeley City Council, said "the student housing crisis has become the defining characteristic of the student experience at UC Berkeley." Experts said the housing crisis is making the already high student-debt load in the country worse. But with housing costs spiking, living expenses are a big part of the story for many. Darrell Owens, a policy analyst at California YIMBY — an advocacy organization working to end California's housing crisis — noted that the student housing crisis exacerbates the broader housing crisis. "Then what ends up happening is that they spike housing costs for other people."

Persons: —, Katie Ibsen, Ibsen, Berkeley, Gavin Newsom, Rigel Robinson, Robert Kelchen, Kelchen, Marcella Bombardieri, Bombardieri, They're, Pell, I've, Darrell Owens, Robinson, it's Organizations: Service, University of California, Business, Gov, Economic, Berkeley City Council, UC Berkeley, Department of Educational, University of Tennessee, Knoxville ., Center for American Progress, Kootenai, Parsons School of Design, Hope, Temple University, Pell Grants Locations: Berkeley, COVID, Davis , California, Knoxville, Knoxville . College, California, Montana, Kootenai College, New York City, Jersey City

☆ ‘The Curse’ Review: People Who Live in Glass Houses
▼ + stars: | 2023-11-09 | by ( James Poniewozik | More About James Poniewozik | ) www.nytimes.com time to read: +1 min

“It’s a mishegas,” Whitney Siegel (Emma Stone), a convert to Judaism, says to her husband, Asher Siegel (Nathan Fielder), as they do a good deed for a needy family. “Mitzvah,” Asher corrects her. “Mishegas means something else.” (It means, roughly, “craziness” in Yiddish.) “The Curse,” which has its streaming premiere on Paramount+ with Showtime Friday and its on-air premiere on Showtime Sunday, is also something else — several things else. Above all, “The Curse” is an unnerving, erratic, dizzyingly original exploration of the fine line between mitzvah and mishegas.

Persons: “, ” Whitney Siegel, Emma Stone, Asher Siegel, Nathan Fielder, ” Asher Organizations: Paramount, Showtime, HGTV Locations: New Mexico, Española

☆ A New Membership Club Bets on Black Business
▼ + stars: | 2023-10-15 | by ( Brian Josephs | ) www.nytimes.com time to read: +1 min

Marva and Myriam Babel spent much of the past few years thinking about the concept of a space, especially how to sustain one in a gentrifying borough. Now that they have a new one, a membership club in Brooklyn called Babel Loft, they have been mulling over how to fill it. equipment atop white marble, could be a work space during the day and a dance spot by night. Another left turn brings visitors back to the entrance facing the main area, as if they had gone through one rotation of a vinyl record, Marva Babel pointed out. “Every place will be intentional, and that’s a work in progress,” Myriam Babel (pronounced “babble”) said after the tour.

Persons: Marva, Myriam Babel, Dick Gregory, Babel, ” Myriam Babel, “ That’s, ” Locations: gentrifying, Brooklyn, Questlove

[MUSIC PLAYING] My grandmother has always been the rock and the matriarch of my family. When we think about the patterns of second-generation children leaving Chinatown, it’s because of this idea of the immigrant story. If I were to say that we’re not gentrifying our neighborhood Chinatown, I’d be lying. [MUSIC PLAYING] Without the people in Chinatown, there is no place anymore. [MUSIC PLAYING]

Persons: that’s, she’s Organizations: Chinatown Locations: New York City, it’s, Chinatown, San Francisco, Southern China, Fujian, South Korea, Brooklyn, Queens , New York, I’d, Orchard, Canal

☆ This US-based couple bought a cheap apartment in France to give their kids a different upbringing
▼ + stars: | 2023-09-07 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

CNN —Splashing out an apartment in the south of France and renovating it yourself may sound like a difficult – and hugely expensive – task. The couple spent a year or so completing the renovations themselves, which involved putting in new flooring and repainting the walls, as well as transforming the annex area into a bedroom for their children. Meanwhile, Rixa spent most of any free time she had looking for pre-used items, including dishes, for their new place. Frugal livingEric and Rixa purchased this former Communist office in Old Nice in 2020, six years after buying the apartment over it. Courtesy Margarite FisherHe also points out that Old Nice is a place that “preceded cars” so it has much more of a neighborhood feel and lots of shared outdoor space.

Persons: Eric Freeze, Rixa, Dio, Inga, ”, Eric, “ It’s, they’d, Jeunes Communistes, “, they’ve, Eric ., Rixa’s, ’, Chateau, Margarite Fisher, It’s, they’re, They’re, they've, it’s, ” Eric, Zari, Ivy, Armando Nevarez “, that’s Organizations: CNN, Communist, “ Young Communists, French Communist Party, “, UNESCO Locations: France, Canada, Old Nice, Nice, Indianapolis, Indiana, French

☆ Photo Essay: A Historic Dallas Neighborhood Grapples With Gentrification
▼ + stars: | 2023-08-24 | by ( Azul Sordo | ) www.usnews.com time to read: +19 min

Raul Gutiérrez Alvarado (left) and his nephew, William Domínguez Gutierrez, pose for a portrait outside of their Oak Cliff home. At the time, the local media narrative was one of positive change for the neighborhood, Valderas says. (Azul Sordo for USN&WR)Before the BarrioOak Cliff was once a majority-white, working class neighborhood, annexed by Dallas in 1903. South Oak Cliff, which is largely Black and Hispanic, has a long record of neglect, well documented by Texas Monthly . This is the only photo she has of herself, which adorns the living room of her South Oak Cliff home.

Persons: Cliff, Seattle –, Ferguson, Raul Gutiérrez Alvarado, William Domínguez Gutierrez, Oak Cliff, Gutierrez, Manuel Sordo, Giovanni Valderas, Valderas, “, Ezekiel Garcia, Brianna Hinguanzo, Jose Melendez, Diana Melendez, ”, . Sandoval, Sandoval, Strausz, ” Sandoval, Tereso Ortiz, they’ve, They’ve, ” Ortiz, Claudia Rangel, Damien Olguin, Rangel, Pearlina Bates, she’s, Bates, ” Bates, ‘ Let's, Todd Williams, Sam Moss, Moss, Cliff Valderas, –, ” Valderas, Chad West, Gloria McCoy, Joann, McCoy, SaCarol Ford, Shaun Montgomery, She’s, Charles Strain, Noah Penn, ” Montgomery, Robert L, Thornton, ” Kathryn Holliday, that's, Tomorrow Bates, it’s, ‘, ” Pearlina Bates Organizations: DALLAS, U.S ., U.S . As Texas, USN, Dallas Morning News, National Community Reinvestment Coalition, Dallas, San, Texas Woman’s University, Oak Cliff, cleats, Bishop Arts, Institute, Ku Klux Klan, D Magazine, “, Penn State University, Bishop Arts District, Casa, Blacks, New York City, Texas Woman's University, Dallas County, City Council, Chad, Greater El Bethel Missionary Baptist Church, Tenth, Historic, Tenth Street Residential Association, Greater El Bethel Church, Ninth Ward School, Ku Klux, Dallas Observer, American Institute of Architects, University of Illinois, Tenth Street, Greater El Bethel Baptist Missionary Church, Sunday, Texas Monthly, Cliff Locations: Dallas, U.S, U.S . As, Seattle, Lawndale, Chicago, Missouri, Dover , New Jersey, Michocán, Mexico, Oak, San Francisco, Denver, Boston, North Oak, Jefferson, “ Texas, Black, “ Barrio America, American City, South Dallas, Oak Cliff, ”, Casa Guanajuato, Dallas from Louisiana, –, Kiest Park, Texas, Melba, Greater El Bethel, Van Buren

☆ The Brooklyn landlord everyone hates could soon come to your neighborhood. Tenants warn these private equity groups are raising rent and ignoring maintenance issues.
▼ + stars: | 2023-08-16 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Private equity firms have bought up hundreds of smaller apartment buildings in trendy New York neighborhoods. Private equity firms own a very small, but growing, fraction of American real estate. Some argue that private equity, hedge funds, and other institutional investors are a convenient target and are being unfairly blamed for the nation's worsening housing affordability crisis. The recent increase in private equity purchases, particularly of single-family homes, has drawn scrutiny, including from Congress, over the last few years. Democrats also couldn't reach agreement on measures that would have boosted tenant protections, including rent stabilization and eviction protections.

Persons: Kathy Hochul's, Hochul Organizations: Service, Carlyle Group, The New York Times, Conway Capital, Peak Capital Advisors, Times, Institutional, New York Gov, Democrats Locations: New York, Brooklyn, Wall, Silicon, gentrifying, Queens, Bushwick, Bedford, Stuyvesant, Williamsburg, Ridgewood , Queens, York City, Brooklyn's Gowanus

☆ HGTV star Tarek El Moussa says he's preparing for his 'biggest ever flip.' The tenants of the building say they're being evicted.
▼ + stars: | 2023-08-04 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

HGTV star Tarek El Moussa is facing backlash from a group of tenants in North Hollywood. The tenants say they are being evicted from the building El Moussa intends to flip. El Moussa is best known for being the star of HGTV's "Flip or Flop" alongside his wife, Heather Rae El Moussa, who also stars in Netflix's "Selling Sunset." In a video posted on Instagram on July 14, El Moussa called the property his "biggest ever flip." "We got so lucky to find this land, because finding land like this in North Hollywood is literally impossible," he said.

Persons: Tarek El Moussa, El Moussa, we've, Clare Letmon, Letmon, I've, they've, Cathy Livas, Heather Rae El Moussa, Arthur Aslanian Organizations: HGTV, Service, Hollywood, El Moussa's, Los Angeles Tenants Union, NBC, North Hollywood Arts District, Real Locations: North Hollywood, Wall, Silicon, NBC Los Angeles, Instagram

☆ Opinion: ‘No Hard Feelings’ with Jennifer Lawrence is a sex worker romcom that won’t admit it
▼ + stars: | 2023-06-23 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

Friday’s debut of “No Hard Feelings,” a sex work romcom that doesn’t want to admit to its own subgenre, is very much of our era. Noah Berlatsky Noah BerlatskyThe Jennifer Lawrence vehicle from Sony Pictures revolves around a sex worker who, like the film, doesn’t want to admit what she’s doing. In sex worker romcoms, you’re supposed to be scandalized at the sordidness — but in a fun way. Anti-sex and anti-porn advocates have put a lot of effort into (falsely) conflating sex work and sex trafficking. Every film, sex worker romcom or otherwise, doesn’t have to be enthusiastically political, or, for that matter, sexual.

Persons: Noah Berlatsky, we’re, Noah Berlatsky Noah Berlatsky, Jennifer Lawrence, Maddie, Lawrence, Uber, Laird, Matthew Broderick, Allison, Laura Benanti, Percy, Andrew Barth Feldman, ” Percy, romcoms, Billy Wilder’s “ Irma La Douce, Ron Howard’s, Vivian Ward, Julia Roberts, Edward Lewis, Richard Gere, Stock, Pixie “, Richard Gere’s Edward isn’t, Rebecca De Mornay’s Lana isn’t, revel, ”, you’re, Rebecca de Mornay, Lana, she’s, Irma La Douce, Barbara Stanwyck, Leo Grande ”, Nancy, Emma Thompson, Leo Grande, Daryl McCormack Organizations: CNN, Sony Pictures, Pictorial Press, Library, Twitter Locations: Chicago, Montauk , New York

☆ People of color and low-income residents bear the brunt of extreme weather. To fight it, America's fastest-growing city is investing in cleaner air and affordable housing.
▼ + stars: | 2023-05-26 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

Indeed, these residents have borne the brunt of Austin's extreme weather events, from heat waves to cold snaps, over the past 10 years. Certain communities are affected the most by extreme heat, flooding, and freezesMore often than not, extreme heat and flooding wreak the most havoc on marginalized communities in Austin. Then there's the extreme heat: Swaths of this area are paved and lacking in green space, which makes them even hotter than the rest of the city, Llanes said. With a goal to build 135,000 new housing units — nearly half within the affordable range — by 2027, the Austin Housing Finance Corporation has already funded "several thousand" of that total, according to the tracker. "The reality is that plans tend to be repositories in the city of Austin for complaints and suggestions and then we sit on them."

Last week, the Bruces’ great-grandsons sold it back to the county for nearly $20 million. However, equally as shortsighted is treating this case as a model for reparations for all Black Americans, as some have suggested. Doing so would ignore that true reparation requires repair, and this solution doesn’t address the sources of racial inequality in America’s real estate system. Invariably, Blacks’ property was most endangered when it became valuable, or when it threatened the value of white property and business interests. In gentrifying housing markets, tax sales serve as a lucrative profit source, whose main victims are Black, elderly and low-income people.

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