It's Friday desk clearing time for this blogger. "'Buyers are using things like inspection negotiations…
This Post Has 13 Comments
From the first 6:34 video:
Drastic Change In San Mateo Housing Market!
RISE Homes
Nov 23, 2022
San Mateo housing market is dropping some serious numbers 🤯
Check out this video for 8 metrics of the market and how it compares to 2021📊
See also things to consider if you’re a buyer OR a seller of the market💡
The second 4 minute video:
Better Time To Buy A Home In Venice Florida?
Life In Venice Florida
Nov 23, 2022
Buyer’s Market In Venice Florida? Real Estate Is Looking Better Now
The housing market has finally shifted in Venice, Florida more in favor of buyers. In this video we take a look it why now is a better time to buy real estate in the area.
The third 10:37 video:
Why Are Home Sales Up In Vaughan, Richmond Hill & Markham Real Estate?
Team Sessa Real Estate
Nov 24, 2022
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Nov 10 – Nov 16, 2022.
“Drastic Change In San Mateo Housing Market!”
Isn’t that where the guy bought the house because it had a built-in BBQ grill and large patio for throwing parties?
Office property owner Allied Properties REIT is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of higher interest rates and hybrid working.
Allied, best known for its low-rise office buildings in downtown cores, currently owns three data-centre properties in downtown Toronto. In a statement Thursday, the REIT said it is “exploring the sale” of these properties, the largest of which is 151 Front St. West, a major telecom hub. The company values the portfolio at $1.3-billion.
Data centres, which house servers and telecommunications equipment, are not core to Allied’s property portfolio – they comprise 16 per cent of net operating income. But chief executive officer Michael Emory has long been bullish on them, in part because their industry is a relatively stable one that is always in demand.
However, the real estate market has been rocked this year by rising interest rates, and Allied’s units have been some of the hardest hit, losing 40 per cent of their value since January. Allied was adored by investors prior to the pandemic, with its units hitting a record high near $60 in February, 2020. Recently, fears of weaker office-space demand, coupled with higher interest rates, which make mortgages more expensive, have hammered the company’s units. Allied Properties units closed up 2.9 per cent at $26.90 on Thursday.
The data centers are probably their only properties that will sell quickly since their low-rise offices are likely still struggling due to COVID and the ability to WFH these days.
It only makes sense to setup data centers in locales with cheap electricity
Caught on camera: Ocean Beach man attacked by group of homeless people
When it comes to the homelessness issue, Boethel says he’s never seen it get to this point in his 17 years living in Ocean Beach.
“People that live here can’t do anything. There’s video cameras everywhere. Even though we urge them gently to be nice, they’re out of their minds,” Boethel said.
it’s an issue that a manager of Hodad’s has seen as well.
“I would say there’s been a pickup since the pandemic has started,” said Chris Saltzman, Manager at Hodad’s Ocean Beach.
The man says incident on Friday night on Newport Avenue.
By: Ryan Hill
Posted at 7:23 AM, Nov 24, 2022
and last updated 9:23 AM, Nov 24, 2022
OCEAN BEACH, Calif. (KGTV) – A man is recovering from serious injuries after he was seen on camera being brutally attacked by a group of homeless men in San Diego’s Ocean Beach neighborhood last Friday night.
A surveillance camera at Hodad’s in the 5000 block of Newport Avenue captured what seems to be a casual sidewalk before the incident happened.
Recent Stories from 10news.com
“Minding my own business, came walking by Newport Farms Liquor; there’s 30 to 40 of these crazy people,” said Woody Boethel.”
Boethel says the group of homeless people confronted him, he told them to stop, and he just wanted to go home. It then turned frightening for Boethel and his lab, Bali.
“Then I got kicked in the back of the head, pushed to the ground, and then six young men between the ages 22 to 28, I protected myself pretty well and was able to walk away.”
Despite that, Boethel told ABC 10News he was kicked in the face, nearly broke his jaw, and more.
“I had to have surgery on my hand today. My whole body’s a mess and I’m just trying to do the best I can.”
Boethel says watching the surveillance video is overwhelming.
“It was gut-wrenching because in my mind, after the first kick to the head – and I received about 15 kicks to the head lucky to be alive – immediately became emotional.”
When it comes to the homelessness issue, Boethel says he’s never seen it get to this point in his 17 years living in Ocean Beach.
“People that live here can’t do anything. There’s video cameras everywhere. Even though we urge them gently to be nice, they’re out of their minds,” Boethel said.
it’s an issue that a manager of Hodad’s has seen as well.
“I would say there’s been a pickup since the pandemic has started,” said Chris Saltzman, Manager at Hodad’s Ocean Beach.
“You know, the uptick in violence recently that I’ve noticed, I’m noticing almost once a week every other week there’s a fight breaking out in front of the restaurant or down the street.”
And following this brutal beatdown, both Boethel and Saltzman hope something can be done.
“I just hope that people can get the help that they need whether it’s mental health or with their general housing. We need to be able provide something that can help these people,” said Saltzman.
“I can’t live my life like this. I’m over it and so is all shop owners, all the locals, people that own the restaurants; it’s over.”
The lab’s tail is happily wagging while its owner is beaten. LOL
A report from San Francisco Chief Economist Ted Egan estimated that the city could lose close to $200M in property tax revenue by the year 2028 under a worst-case scenario resulting from the city’s high office vacancy rates.
During a presentation to the city’s Board of Supervisors, Egan estimated that under the worst possible conditions, the city’s office vacancy could rise to 31% by the end of next year, Bloomberg reported.
Subsequently, commercial property values would fall, netting less property tax revenue, though this is potentially somewhat offset by a combination of long-term leases, and California Proposition 13, which leads to valuations for the purposes of property tax frequently falling below market-rate, potentially softening any economic downturn.
“However, if office demand is permanently reduced by remote work, eventually the city will see sizable reductions in property tax revenue from offices,” Egan warned in the report
Egan noted that in San Francisco, the tech industry’s ubiquity has created a kind of symbiotic relationship with other industries, such as finance or professional services.
“Finance has been OK, but it’s slowing. And I think professional services is too. But you know, that’s a nexus of activities that’s really led by tech. It’s generated the demand for a lot of the financial services. So, we have seen, I think nationally, other office using industries be more return-to-office focused than tech has. But I don’t think the dynamics of those industries in San Francisco are sort of separate from tech. Know what I mean? They’re not going to grow if tech is going down,” Egan told Bisnow last week.
The city’s tech segment has seen major job displacement this year, with several thousand layoffs occurring in a relatively short period of time. Major tech employers in the Bay Area such as Meta and Cisco have hemorrhaged staff in recent weeks.
An October report from Egan, The Status of Re-Opening of the San Francisco Economy, noted that the city’s office vacancy rate rose to 24% in the third quarter, lagging behind most other metros in the country.
And how much sales and use taxes won’t be generated.
A man who says he was attacked as he exited an Edmonton LRT terminal is calling on the UCP government to do more to help people who are homeless, addicted and violent.
Rob Nicholl got off the train and was walking out of the Southgate station around 8:45 p.m. Saturday when he says he was punched several times.
“I saw a man standing probably two feet from the doors just urinating on the sidewalk openly,” he recalled.
“As I squeezed past, and tried not to get his urine on my shoes, I said something like, ‘What’s wrong with you? Can you pee somewhere else?”
Nicholl said he kept walking but the man came after him.
“I heard him yelling from behind me and then he sucker punched me in the back of the head,” he said. “He was asking, ‘Do you got anything more to say? Got anything more to say?’ And kept throwing more punches.”
Nicholl said the attacker continued to follow him down the sidewalk and punched him at least twice. He was “covered in blood” and suffered a concussion and a fractured orbital bone. He has two black eyes and wounds on the front and back of his head. n October, the province announced $187 million over two years to be spent on addiction services and housing supports.
“I saw a man standing probably two feet from the doors just urinating on the sidewalk openly,” he recalled. “As I squeezed past, and tried not to get his urine on my shoes, I said something like, ‘What’s wrong with you? Can you pee somewhere else?”
Sure, another incorrigible (no description, we know what that means) takes a squirt on the walking path where it will freeze causing someone to slip and fall. Sadly, the victim is a cuck.
Mountlake Terrace, WA Housing Prices Crater 24% YOY As Housing Rots On The Vine Across Seattle Area
From the first 6:34 video:
Drastic Change In San Mateo Housing Market!
RISE Homes
Nov 23, 2022
San Mateo housing market is dropping some serious numbers 🤯
Check out this video for 8 metrics of the market and how it compares to 2021📊
See also things to consider if you’re a buyer OR a seller of the market💡
The second 4 minute video:
Better Time To Buy A Home In Venice Florida?
Life In Venice Florida
Nov 23, 2022
Buyer’s Market In Venice Florida? Real Estate Is Looking Better Now
The housing market has finally shifted in Venice, Florida more in favor of buyers. In this video we take a look it why now is a better time to buy real estate in the area.
The third 10:37 video:
Why Are Home Sales Up In Vaughan, Richmond Hill & Markham Real Estate?
Team Sessa Real Estate
Nov 24, 2022
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Nov 10 – Nov 16, 2022.
“Drastic Change In San Mateo Housing Market!”
Isn’t that where the guy bought the house because it had a built-in BBQ grill and large patio for throwing parties?
Office property owner Allied Properties REIT is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of higher interest rates and hybrid working.
Allied, best known for its low-rise office buildings in downtown cores, currently owns three data-centre properties in downtown Toronto. In a statement Thursday, the REIT said it is “exploring the sale” of these properties, the largest of which is 151 Front St. West, a major telecom hub. The company values the portfolio at $1.3-billion.
Data centres, which house servers and telecommunications equipment, are not core to Allied’s property portfolio – they comprise 16 per cent of net operating income. But chief executive officer Michael Emory has long been bullish on them, in part because their industry is a relatively stable one that is always in demand.
However, the real estate market has been rocked this year by rising interest rates, and Allied’s units have been some of the hardest hit, losing 40 per cent of their value since January. Allied was adored by investors prior to the pandemic, with its units hitting a record high near $60 in February, 2020. Recently, fears of weaker office-space demand, coupled with higher interest rates, which make mortgages more expensive, have hammered the company’s units. Allied Properties units closed up 2.9 per cent at $26.90 on Thursday.
https://www.theglobeandmail.com/business/article-allied-properties-reit-sale-data-centre/
The data centers are probably their only properties that will sell quickly since their low-rise offices are likely still struggling due to COVID and the ability to WFH these days.
It only makes sense to setup data centers in locales with cheap electricity
Caught on camera: Ocean Beach man attacked by group of homeless people
When it comes to the homelessness issue, Boethel says he’s never seen it get to this point in his 17 years living in Ocean Beach.
“People that live here can’t do anything. There’s video cameras everywhere. Even though we urge them gently to be nice, they’re out of their minds,” Boethel said.
it’s an issue that a manager of Hodad’s has seen as well.
“I would say there’s been a pickup since the pandemic has started,” said Chris Saltzman, Manager at Hodad’s Ocean Beach.
The man says incident on Friday night on Newport Avenue.
By: Ryan Hill
Posted at 7:23 AM, Nov 24, 2022
and last updated 9:23 AM, Nov 24, 2022
OCEAN BEACH, Calif. (KGTV) – A man is recovering from serious injuries after he was seen on camera being brutally attacked by a group of homeless men in San Diego’s Ocean Beach neighborhood last Friday night.
A surveillance camera at Hodad’s in the 5000 block of Newport Avenue captured what seems to be a casual sidewalk before the incident happened.
Recent Stories from 10news.com
“Minding my own business, came walking by Newport Farms Liquor; there’s 30 to 40 of these crazy people,” said Woody Boethel.”
Boethel says the group of homeless people confronted him, he told them to stop, and he just wanted to go home. It then turned frightening for Boethel and his lab, Bali.
“Then I got kicked in the back of the head, pushed to the ground, and then six young men between the ages 22 to 28, I protected myself pretty well and was able to walk away.”
Despite that, Boethel told ABC 10News he was kicked in the face, nearly broke his jaw, and more.
“I had to have surgery on my hand today. My whole body’s a mess and I’m just trying to do the best I can.”
Boethel says watching the surveillance video is overwhelming.
“It was gut-wrenching because in my mind, after the first kick to the head – and I received about 15 kicks to the head lucky to be alive – immediately became emotional.”
When it comes to the homelessness issue, Boethel says he’s never seen it get to this point in his 17 years living in Ocean Beach.
“People that live here can’t do anything. There’s video cameras everywhere. Even though we urge them gently to be nice, they’re out of their minds,” Boethel said.
it’s an issue that a manager of Hodad’s has seen as well.
“I would say there’s been a pickup since the pandemic has started,” said Chris Saltzman, Manager at Hodad’s Ocean Beach.
“You know, the uptick in violence recently that I’ve noticed, I’m noticing almost once a week every other week there’s a fight breaking out in front of the restaurant or down the street.”
And following this brutal beatdown, both Boethel and Saltzman hope something can be done.
“I just hope that people can get the help that they need whether it’s mental health or with their general housing. We need to be able provide something that can help these people,” said Saltzman.
“I can’t live my life like this. I’m over it and so is all shop owners, all the locals, people that own the restaurants; it’s over.”
https://www.10news.com/news/local-news/san-diego-news/caught-on-camera-ocean-beach-man-attacked-by-group-of-homeless-people
Coddling bums has a downside?
The lab’s tail is happily wagging while its owner is beaten. LOL
A report from San Francisco Chief Economist Ted Egan estimated that the city could lose close to $200M in property tax revenue by the year 2028 under a worst-case scenario resulting from the city’s high office vacancy rates.
During a presentation to the city’s Board of Supervisors, Egan estimated that under the worst possible conditions, the city’s office vacancy could rise to 31% by the end of next year, Bloomberg reported.
Subsequently, commercial property values would fall, netting less property tax revenue, though this is potentially somewhat offset by a combination of long-term leases, and California Proposition 13, which leads to valuations for the purposes of property tax frequently falling below market-rate, potentially softening any economic downturn.
“However, if office demand is permanently reduced by remote work, eventually the city will see sizable reductions in property tax revenue from offices,” Egan warned in the report
Egan noted that in San Francisco, the tech industry’s ubiquity has created a kind of symbiotic relationship with other industries, such as finance or professional services.
“Finance has been OK, but it’s slowing. And I think professional services is too. But you know, that’s a nexus of activities that’s really led by tech. It’s generated the demand for a lot of the financial services. So, we have seen, I think nationally, other office using industries be more return-to-office focused than tech has. But I don’t think the dynamics of those industries in San Francisco are sort of separate from tech. Know what I mean? They’re not going to grow if tech is going down,” Egan told Bisnow last week.
The city’s tech segment has seen major job displacement this year, with several thousand layoffs occurring in a relatively short period of time. Major tech employers in the Bay Area such as Meta and Cisco have hemorrhaged staff in recent weeks.
An October report from Egan, The Status of Re-Opening of the San Francisco Economy, noted that the city’s office vacancy rate rose to 24% in the third quarter, lagging behind most other metros in the country.
https://www.bisnow.com/san-francisco/news/office/san-francisco-economy-could-lose-200m-in-property-tax-if-office-downslide-continues-116499
Gotta wonder how many leases won’t be renewed?
And how much sales and use taxes won’t be generated.
A man who says he was attacked as he exited an Edmonton LRT terminal is calling on the UCP government to do more to help people who are homeless, addicted and violent.
Rob Nicholl got off the train and was walking out of the Southgate station around 8:45 p.m. Saturday when he says he was punched several times.
“I saw a man standing probably two feet from the doors just urinating on the sidewalk openly,” he recalled.
“As I squeezed past, and tried not to get his urine on my shoes, I said something like, ‘What’s wrong with you? Can you pee somewhere else?”
Nicholl said he kept walking but the man came after him.
“I heard him yelling from behind me and then he sucker punched me in the back of the head,” he said. “He was asking, ‘Do you got anything more to say? Got anything more to say?’ And kept throwing more punches.”
Nicholl said the attacker continued to follow him down the sidewalk and punched him at least twice. He was “covered in blood” and suffered a concussion and a fractured orbital bone. He has two black eyes and wounds on the front and back of his head. n October, the province announced $187 million over two years to be spent on addiction services and housing supports.
https://edmonton.ctvnews.ca/sucker-punched-me-edmonton-man-describes-transit-assault-asks-for-more-provincial-help-1.6167898
“I saw a man standing probably two feet from the doors just urinating on the sidewalk openly,” he recalled. “As I squeezed past, and tried not to get his urine on my shoes, I said something like, ‘What’s wrong with you? Can you pee somewhere else?”
Sure, another incorrigible (no description, we know what that means) takes a squirt on the walking path where it will freeze causing someone to slip and fall. Sadly, the victim is a cuck.
Mountlake Terrace, WA Housing Prices Crater 24% YOY As Housing Rots On The Vine Across Seattle Area
https://www.movoto.com/mountlake-terrace-wa/market-trends/
As one Seattle area broker explained, “We have thousands of houses for sale…. and not a buyer in sight at any price.”