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☆ 4 major wins for YIMBYs on election night — and one loss
▼ + stars: | 2024-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.

Persons: —, Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey

☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

☆ Here’s what Trump is proposing for the economy
▼ + stars: | 2024-11-06 | by ( Katie Lobosco | Tami Luhby | ) edition.cnn.com time to read: +10 min

This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax exemption. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. However, these workers would then get smaller Social Security payments after they retire. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Trump has also floated ending the federal income tax and replacing it with revenue from tariffs.

Persons: Donald Trump, Trump, Kamala Harris, hasn’t, Ohio Sen, JD Vance, He’s, Harris, Elon Musk, John Deere, ” Vance Organizations: Washington CNN —, Security, Democratic, Social Security, Center, Social, Budget, Trump, Biden, Republican Party, ” Invest, Federal Reserve Locations: Las Vegas, Mexico, Canada, Midwest

☆ Trump will win second term, CNN projects, in historic comeback after losing four years ago
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +27 min

Trump’s supporters see him as a unique figure whose blunt, sometimes vulgar and often racially suggestive rhetoric reveals him as a scourge of political correctness. Austin Steele/CNN Trump supporters hold up posters that read "47" as they attend an election watch party in Chandler, Arizona. Go Nakamura/Reuters Trump supporters cheer at his election night watch party in West Palm Beach. George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Patrick T. Fallon/AFP via Getty Images Trump and his wife, Melania, walk up to the press after voting in Palm Beach, Florida, on Tuesday.

Persons: Donald Trump, Trump, ”, Kamala Harris, Joe Biden’s, Trump’s, he’s, Harris, Jack Smith, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Austin Steele, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Joe Biden, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Hillary Clinton, –, Smith, Mostafa Bassim, Vladimir Putin, Trumpism, Mike Pence, Sen, Stephen Maturen, Grover Cleveland Organizations: CNN, Washington, Trump, GOP, Republican Party, Capitol, ” Overseas, Howard University, CNN Trump, Reuters Trump, West Palm Beach, Republican, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Voters, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist, Secret Service, Republicans, Justice Department, White, Police, Anadolu Agency, NATO, Hezbollah, House, Herb Brooks National Hockey Center Locations: Lago, America, Wisconsin, Georgia, Pennsylvania, North Carolina, ”, West Palm Beach , Florida, Las Vegas, Washington , DC, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, New York, Reno , Nevada, St . Petersburg , Florida, Philadelphia, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis, United States, Manhattan, Butler , Pennsylvania, Ohio, Washington, Florida, British, Ukraine, Europe, Taiwan, Israel, Gaza, Lebanon, Iran, Afghanistan, St Cloud , Minnesota

Marking his first-ever solo headlining tour, Zayn Malik’s Stairway to the Sky Tour kicks off on November 20, 2024, in Edinburgh, Scotland. We’ve got you covered if you’re looking for how to get tickets to Zayn Malik’s Stairway to the Sky Tour. Zayn Malik’s 2025 tour scheduleZayn Malik’s 18-show 2024-2025 tour begins in Edinburgh, Scotland, on November 20, 2024. How to buy tickets for Zayn Malik’s 2025 concert tourOriginally, standard original tickets for Zayn Malik’s 2024-2025 concert tour were being sold on Ticketmaster. How much are Zayn Malik tickets?

Persons: Zayn Malik, ” Zayn Malik, Liam Payne, Malik, We’ve, Zayn, Zayn Malik hasn’t Organizations: Business, Sky, Sky Tour, Ticketmaster, North, New, Vivid Locations: North America, Europe, Edinburgh, Scotland, United States, Manchester, England, Washington , DC, San Francisco , California, Leeds, London, Wolverhampton, Newcastle, Washington, York City, NY, Los Angeles, CA, Vegas , Nevada, San Francisco, Los Angeles , CA, New York City

☆ Trump's first 2 years will be shaped by who wins the House. We may not know the outcome for days.
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.

Persons: Trump, —, Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine

☆ I skip Napa Valley and head to Paso Robles instead. It's California's best-kept secret for wine lovers.
▼ + stars: | 2024-11-06 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +7 min

Paso Robles also has more affordable and unique tastings compared to Napa Valley. I've visited Napa over 20 times, but over the past few years, Paso Robles has stolen my heart. AdvertisementAdding to that diversity is the low barrier to entry in the Paso Robles wine industry. Where you can wine and dineAnother reason I keep going back to Paso Robles is the fantastic restaurant scene. The wine-making world is slowly starting to learn about Paso Robles, but the town itself remains a hidden gem.

Persons: Paso Robles, —, You'll, Justin, JUSTIN, I've, Andrew Jones, Neeta Mittal, that's, Mittal, Kunal, Jones, Anneta, there's, Bolognese, Robles Organizations: Service, Recordings, Field, Michelin Locations: California, Napa Valley, Napa, Paso, Paso Robles, Bay Area, Angeles, San Francisco, Tin, Tin City, Silicon Valley, There's

☆ BTIG's list of biggest Trump winners and losers
▼ + stars: | 2024-11-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

In addition, he has floated plans to reduce corporate tax rates to as low as 15% from 21%, and eliminate income tax on tips, Social Security and overtime pay. Those include reduced individual income tax rates and increased alternative minimum tax (AMT) exemption amounts. These stocks are among those BTIG sees as the biggest winners and losers from Trump's victory. Winners M & A and consolidation A Trump presidency likely means a more supportive environment for corporate consolidation, Boltansky said. That would be positive for names like HealthEquity, which BTIG rates a buy, and Webster Financial , he noted.

Persons: Donald Trump, BTIG, Isaac Boltansky, Trump, Boltansky, CoreCivic, MicroStrategy, Webster Organizations: White, ACA, Social Security, Trump, Discover Financial, Discover, Republican White, Geo, United States Marshals Service, Federal Bureau of Prisons, Geo Group, Webster Financial, HealthEquity, Everest Group Locations: United States, China

☆ The 4 biggest mistakes people make during open enrollment—and how to avoid them
▼ + stars: | 2024-11-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Here, Feinberg shares the biggest mistakes he often sees people make with their health coverage during open enrollment, and how to avoid them. Waiting until the last minuteThe worst thing you can do during open enrollment season is procrastinate on researching your options, Feinberg says. Your open enrollment period will depend on where you get your health coverage. Instead, it's important to think through your specific health needs and the needs of any dependents or partners on your plan. Paired with a health savings account, or HSA, the option can provide some of the most flexibility in health insurance coverage, he adds.

Persons: they've, David Feinberg, Feinberg, that's, That's Organizations: Justworks, Medicare Locations: millennials, Justworks, Jan, New York City

☆ Toyota and BMW are the latest casualties in China's evolving EV market
▼ + stars: | 2024-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Toyota and BMW both reported plunging profits on Wednesday. China's EV giants like BYD are squeezing out foreign automakers and increasingly expanding into the premium market. AdvertisementChina's EV giants are rising, putting foreign automakers under pressure in the world's largest car market. Toyota and BMW reported a drop in quarterly profits on Wednesday, with sales in China slumping for both companies as they face growing competition from local automakers like BYD. In China, meanwhile, Toyota is facing fierce competition from local EV giants like BYD.

Persons: —, BYD, Xiaomi Organizations: Toyota, BMW, EV, Service, Sales, Mercedes, Audi Locations: China, Japan

WASHINGTON — Americans are poised to elect a new Congress, with control of both chambers at stake as every seat in the House of Representatives and one-third of the Senate is up before voters on Election Day. Republicans favored to win the SenateIn the Senate, Democrats currently have a 51-49 edge, but Republicans are favored to capture the majority. They’re all but guaranteed to win an open seat in ruby-red West Virginia, with Democrat-turned-independent Sen. Joe Manchin retiring. If Harris wins, Republicans will need one more seat in addition to West Virginia to capture the Senate. In New York, Republicans are defending four seats they flipped in 2022, propelling them to win the House majority.

Persons: Kamala Harris, Donald Trump, Sen, Joe Manchin, JD Vance, Harris, Democratic Sens, Jon Tester, Sherrod Brown, Trump, Tim Sheehy, Bernie Moreno, Bob Casey, Debbie Stabenow, Tammy Baldwin, Krysten Sinema, Jacky Rosen, ’, Ted Cruz, Rick Scott, Dan Osborn, Republican Sen, Deb Fischer, Cook, Marc Molinaro, Mike Lawler, Anthony D’Esposito, Brandon Williams, D’Esposito’s, Williams, Laura Gillen, John Mannion, ”, Pat Ryan, Republican Alison Esposito, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Hakeem Jeffries, Suzan DelBene, We’ve, ” DelBene, Joe Biden, Kevin McCarthy, Johnson, ” Johnson Organizations: Senate, Democrats, Democrat, GOP, Trump, Democratic, Republican, Republicans, Rep, House Democratic, ”, NBC News, Treasury Department, White House, Congress, Affordable Locations: WASHINGTON, West Virginia, R, Ohio, Montana and Ohio, Pennsylvania, Michigan, Wisconsin, Arizona, Nevada, Texas, Florida, Nebraska, New York, California, Hudson, D, Pennsylvania , Michigan, Arizona , Nevada, Pacific

☆ Average age of first-time homebuyers is 38, an all-time high. Here's what that says about the real estate market
▼ + stars: | 2024-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.

Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S

Capital One Quicksilver Student Cash Rewards Credit Card OverviewCapital One Quicksilver Student Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Capital One Savor Student Cash Rewards Card ReviewCapital One Quicksilver Student Card vs. the Bank of America® Unlimited Cash Rewards Credit Card for StudentsThe Bank of America® Unlimited Cash Rewards Credit Card for Students is another strong option, offering a flat 1.5% cash back on all purchases, similar to the Capital One Quicksilver Student card. Bank of America Unlimited Cash Rewards Card for Students ReviewCapital One Quicksilver Student Card Frequently Asked QuestionsWhat is the difference between Quicksilver Rewards and Quicksilver Rewards for Student? The difference between the Quicksilver Rewards Card and the Quicksilver Rewards Card for Students is that the former offers more perks. Why You Should Trust Us: How We Reviewed the Capital One Quicksilver Student Cash Rewards Credit CardOur experts evaluated the Capital One Quicksilver Student Cash Rewards Credit Card relative to other student credit cards and cards for folks with fair or average credit.

Persons: it's, That's, you'll, —, There's, Modest, David McMillin David McMillin, Guy, David, he's, Angela Fung, Read, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read Organizations: Business, Bank of America, Capital, Chevron, Entertainment, Walmart, Gas, Quicksilver, The Bank of America, Review, Finance, Forbes, CNN, University of California, Banking, Education, The University of California Locations: Capital One's, Chicago, Alaska , Utah , Oklahoma, Vermont, Riverside

☆ Interior designers share 10 of the worst trends they've seen this year, so far
▼ + stars: | 2024-11-05 | by ( Casey Clark | ) www.businessinsider.com time to read: 1 min

Fast furniture isn't holding up. JulezzzAUS/ShutterstockSamantha Lund, the CEO and principal designer at Simply Sam, told BI that she doesn't like the increase in fast furniture — like ready-to-assemble or flat-pack pieces from large chains. "The trend of buying cheap, disposable furniture has negative impacts on both the environment and personal style," she said. "These pieces often lack quality and character, leading to frequent replacements and increased waste." Lund said it's better to invest in well-made, timeless pieces if it's in the budget or shop secondhand for cheaper finds that still have character.

Persons: Samantha Lund, Lund, it's

☆ A 56-year-old recruiter sets aside $12 a day for her longevity routine to slow aging. Here's how she spends it.
▼ + stars: | 2024-11-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

She spends about $12 a day on her strategy, a price tag that includes some groceries. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . NASABut it wasn't until Clark, now 56 and a recruiter, became an adult that she really became interested in optimizing her healthspan. Her aim now is to slow down the aging process, improving her overall health, plus getting stronger, slimmer, and less stressed as a result. Nicotinamide Riboside (an NAD+ boosting supplement): $26A supplement popular with longevity-seekers, it is thought to promote cellular health and boost energy.

Persons: Julie Gibson Clark, —, Ed Gibson, Clark, she's, Bryan Johnson, she'd, You've, Shutterstock Clark, Dr Dean Sherzai, Nicotinamide, It's Organizations: Service, NASA, Dunedin PACE, Business, EOS, Costco, Greens Locations: Dunedin

☆ I'm an American who's lived in Germany for 14 years. I'm mostly satisfied, but life here hasn't been perfect.
▼ + stars: | 2024-11-05 | by ( Sabrina Cooper | ) www.businessinsider.com time to read: +5 min

I moved from the US to Germany 14 years ago and am now raising a kid here. AdvertisementWhen asked where I'm from, saying I'm American" doesn't suffice. Sadly, I'm also still stuck in my native English head, which doesn't delineate between a formal and informal "you," either. We're three hours by train from Amsterdam, three and a half hours by train from Paris, and four hours by train from London. Despite all the mistakes, misunderstandings, and episodes of embarrassment, I can honestly say that I'm grateful for everything living in Germany has brought me.

Persons: —, I've, it's, JENS SCHLUETER, I'm, We've Organizations: Service Locations: Germany, United States, Los Angeles and New York, Europe, Amsterdam, Paris, London

☆ I loved my 10-day trip to Croatia, but knowing these 6 things could have made it better
▼ + stars: | 2024-11-05 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

Erin LiamI booked my trip to Croatia assuming that daily expenses would be similar to countries like Italy or Hungary. Visiting in off-peak season has its pros and consThe Old Town of Stari Grad was quiet and empty when the author visited in October. On a day trip to the UNESCO Old Town Stari Grad, we were surprised to see most shops closed, with the sign "See you in June 2025!" Watch "Game of Thrones"The author visited Dubrovnik's Old Town, a popular filming location for "Game of Thrones." For example, Cersei's walk of shame scene was filmed at the Jesuit Staircase in Dubrovnik's Old Town.

Persons: —, Erin Liam Coastal, Erin Liam, Erin Liam Croatia Organizations: Service, Croatian Bureau, Statistics, Krka, UNESCO Old, Stari Locations: Croatia, —, Europe, Dubrovnik, Hvar, Adriatic, Erin, Trogir, Italy, Hungary, Kuna, Denmark, Sweden, Stari Grad, Split, Dubrovnik Krka, Skradin, Krka, Dubrovnik's

☆ Higher taxes for cheaper childcare? 3 localities are voting on it and we want to hear from you.
▼ + stars: | 2024-11-05 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

Cities and counties are voting on property and sales tax hikes to fund childcare. Other localities already have similar laws in place, with Alaska taxing marijuana sales to fund early childhood programs. We want to hear your thoughts on paying higher taxes to help fund childcare in your community. Three localities are voting to increase taxes to boost childcare funding for low-income and middle-class families. AdvertisementA similar measure in St. Paul, Minnesota, would also hike property taxes to fund citywide childcare initiatives for low-income families.

Persons: —, Austin —, Rebecca Noecker, Noecker, Paul Organizations: Service, Voters, New, New Orleans voters, Paul Locations: Alaska, Sonoma County , California, Travis County , Texas, Austin, St, Paul , Minnesota, New Orleans, Whatcom County, Washington, Sonoma, Anchorage, Colorado

☆ Huge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrak
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrakRichard LeFrak, LeFrak chairman and CEO, discusses the election's impact on America's business landscape.

Persons: Richard LeFrak Richard LeFrak

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

☆ A booming Montana city's struggle with homelessness is a warning — and a model — for the West
▼ + stars: | 2024-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHousing costs and the homeless population have soared in the Western Montana city of Missoula this year. Between 2021 and 2023, the city's two main shelters saw a 53% increase in the number of nights of shelter provided to Missoulans experiencing homelessness. Advocates for those experiencing homelessness say there's much more work to be done. Local lawmakers say the city needs more state and federal funds to aid those experiencing homelessness. Building more housing is key to solving homelessnessAffordability is at the root of homelessness in Missoula and across the US.

Persons: —, Jill Bonny, they're, Bonny, It's, Eliza Relman, Bob Campbell, Campbell, who's Organizations: Service, Poverello Center, Sun, Poverello, New Hope Ministries, Business, Marine Corps Locations: Missoula, Western Montana, Montana, It's

☆ Texas Sen. Ted Cruz will win reelection and defeat Democrat Colin Allred, CNN projects
▼ + stars: | 2024-11-05 | by ( Eric Bradner | ) edition.cnn.com time to read: +2 min

CNN —Texas Sen. Ted Cruz will win reelection to a third term, CNN projects, defeating Democratic challenger Rep. Colin Allred and denying Democrats one of their best chances to mitigate potential losses elsewhere. The Longhorn State has long been a Republican stronghold, with the GOP winning every statewide election there since 1994. Allred, a former NFL linebacker who defeated GOP Rep. Pete Sessions to win his House seat in 2018, was seen as a viable challenger. He attacked Cruz for voting against the bipartisan border deal and featured testimonials from border law enforcement officers in his own ads. This year, he tried to tie Allred to the Biden-Harris administration on inflation, the border wall and transgender issues.

Persons: Texas Sen, Ted Cruz, Colin Allred, Allred, Pete Sessions, Cruz, Kate Cox, Beto O’Rourke, Harris, ”, defund, Barack, Donald Trump’s, Trump Organizations: CNN, Texas, Democratic, Longhorn State, Republican, GOP, NFL, GOP Rep, Republicans, Democrat, Biden Locations: Texas

After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.

Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, ”, ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, “, Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, —, Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida

☆ The typical first-time homebuyer in America is older than ever before
▼ + stars: | 2024-11-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.

Persons: It's, —, — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida

☆ Trump offers darkness, Harris offers optimism on election eve in America
▼ + stars: | 2024-11-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —The tumultuous 2024 election is ending with a contrast that encapsulates America’s fateful choice on election eve. The vice president also proposes reforms to improve the lives of working Americans — but hers are less revolutionary than Trump’s. If she loses Pennsylvania, Harris would need a combination of other swing states, including Georgia, Nevada and Arizona, where poll averages also show no clear leader. But the findings, which suggested a shift toward Harris from the previous Iowa Poll in September, also showed the vice president with a strong advantage among women. If such a pattern is repeated nationwide, the vice president could be headed to victory if she can limit her deficit to Trump among White males especially.

Persons: Donald Trump, Kamala Harris, Harris, He’ll, Lady Gaga, Oprah Winfrey, Trump, shouldn’t, ”, “, Joe Biden’s, Roe, Wade, Biden, He’s, She’s, —, ” David Plouffe, Mediacom, “ We’ve, we’ve Organizations: CNN, Trump, ”, Michigan, White House, “, Republican, Democratic Party, Trump -, Democratic, Capitol, Justice Department, GOP, Republican Party, CNN’s, Keystone State, Pennsylvania —, Democrats, Des Moines Register, Poll, Iowa, New York Times, Siena College Locations: America, North Carolina, Pennsylvania, Michigan, Philadelphia, Detroit, battlegrounds, Michigan , Wisconsin, Georgia, North Carolina , Nevada, Arizona, ”, Washington, autocrats, Russia, China, Keystone, Nevada, Siena

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