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Lisa Marie Presley kept the body of her dead son on ice at home for two months as she struggled to cope with the grief brought by his sudden passing, the family revealed in newly published book. Presley wrote that California has no laws that mandate exactly when a body needs to be buried or otherwise disposed. "My house has a separate casitas bedroom, and I kept Ben Ben in there for two months," according to Presley. She said, 'We’ll bring Ben Ben to you. Presley wrote: "I think it would scare the living f---ing piss out of anybody else to have their son there like that.
Persons: Lisa Marie Presley, Riley Keough, Elvis Presley, Elvis, Benjamin Keough, Keough, Presley, Ben Ben, Benjamin Keough's, , ” Lisa Maria, ” Keough, “ Lisa Marie Presley, I’ve Locations: California, Graceland
While her house is paid off, her home-related costs, including insurance, property taxes, and maintenance, have risen. In 2019, her home insurance cost about $890, but last year, according to her record-keeping, she paid almost $1,500. Increasingly, cities and states across the country are legalizing and even incentivizing ADU construction as a way to boost the supply of smaller, more affordable homes. Courtesy of SylviaThis comes as older people, including homeowners, are struggling with rising housing costs in communities across the country. But property taxes and insurance costs are also way up, making it hard for many homeowners to afford their payments.
Persons: , Sylvia, She's, who's, I'm, it's, ADUs —, Sylvia ADUs, ADUs, Policygenius, Beverly Dashnaw Organizations: Service, Business, BI, Harvard Joint Center for Housing Studies Locations: Arizona, Missoula , Montana, California, Montana, Missoula, ADUs, In Montana, Helena
George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico. He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US. AdvertisementGeorge Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. He's enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he's enjoyed adapting to Panamanian culture. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.
Persons: George Stumpp, , he's, we've, Stumpp, it's, Long, there's Organizations: Service, Panama City, Central, Business, Hamptons, Sante Locations: Panama, New Mexico, Long Island, Panamanian, Colombia, Thailand, St, Maarten, Long, Sante Fe, Santa Fe, Central America, Costa Rica, Belize, Ontario, Canada
As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.
Persons: , Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada
While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.
Persons: , Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz
In a filing, Boxabl acknowledges it is the subject of an SEC inquiry. AdvertisementAdvertisementBoxabl has acknowledged that it is the subject of an inquiry by the Securities and Exchange Commission in an updated financial statement. Two of those people were subpoenaed, a step the SEC typically takes when it is conducting an investigation. "The SEC does not comment on the existence or nonexistence of a possible investigation," Cory Jarvis, an SEC spokesman, wrote to Insider in an email. AdvertisementAdvertisementBoxabl has been delayed in filing financial information, disclosing its full-year financial performance for 2022 in August.
Persons: Boxabl, cofounders, , Greg Ehlers, Ehlers, Casitas, countersued, Boxable, Cory Jarvis, Galiano Tiramani, Tiramani, Paolo Organizations: SEC, Service, Securities and Exchange Commission Locations: North Las Vegas, Nevada, Portland , Oregon
In its six years of existence, Boxabl has captured the public's imagination with its innovative tiny homes and celebrity endorsements from the likes of Elon Musk and the musician Post Malone. Three former company employees, meanwhile, said they had been contacted and interviewed in recent weeks by the SEC to speak about Boxabl, including the company's business practices. In its recent financial statement, Boxabl noted that the remaining units "that were previously reserved for that project can now be sold for other projects." In its recent financial filing, Boxabl said it paid Firooznia $210,000 in 2022 for "consulting services." Leader Capital would have netted roughly $3.7 million in the deal, which it said fell apart because of the delay.
Persons: Boxabl, Elon Musk, Post Malone, cofounders, Paolo, Galiano Tiramani, Cory Jarvis, Dave Cherry, Travis Hess, Hess, Pronghorn, it's, Hamid Firooznia, Firooznia, Caroline Larkin, Paolo Tiramani, Larkin Organizations: Securities, Exchange, SEC, Arizona's Department of Housing, Staff, Pronghorn, Leader Locations: Salt Lake City , Utah, North Las Vegas, Guantánamo, Arizona, Arizona , California, Nevada, New York City, Portland , Oregon
Sara and Rich Combs bought the abandoned inn for $615,000 and poured over $500,000 into renovations. The couple already owned and operated The Joshua Tree House, a property comprised of individual guest homes in California. This space was only about a six-hour drive from Joshua Tree and offered a different, but still natural setting. The rooms in Joshua Tree House: The Posada range from $210 to $427 a night. Sara and Rich Combs
After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.
Tiny homes, big problems
  + stars: | 2023-03-06 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com   time to read: +21 min
Beyond their star appeal, low-cost tiny homes like Casitas have real-world utility. The homes have been seized upon as a solution for cities like Los Angeles to house the homeless. They showed off their homes' transportability by hitching several of them to a Tesla and filming drag races between Teslas and trucks that were hooked to trailers carrying the homes. So far, though, after a little more than a year of building, the company has fabricated only about 400 homes. Even if it were churning out thousands of units, Boxabl hasn't yet received the certifications required to sell them in most states across the country.
Tiny-home startup Boxabl amassed a 160,000-person wait list since Elon Musk was linked to a Casita. Max, who put down a $2,400 deposit for a Casita in 2021, told Insider he is fed up with the delay. They told Insider they've received little communication from the company about when the homes, called Casitas, will be finished. One Arizona-based prospective buyer, Max, told Insider that he put $2,400 down for two Boxabl homes in 2021. Boxabl's founders — the colorful father-and-son team of Paolo and Galiano Tiramani — told Insider the six-year-old startup is now worth $3 billion.
A Boxabl Casita being delivered to a SpaceX facility in Texas. Tackling the US housing crisisStamped out on an assembly line, Boxabl homes could finally begin to help quench America's perpetual housing shortage. Homeowners, meanwhile, could rent out Boxabl units as secondary dwellings in their backyards or as Airbnbs. Firooznia, Tiramani said, sometimes provided a tiebreaking vote when the father and son disagreed on business decisions. During a tour of Boxabl's factory in December, a freelance reporter for Insider saw Tiramani's wife, Shauna, arrive with their four young children.
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