Tag Archives: Cal Neva Resort

Interesting Housing News Links (May 07, 2009)

* Blackouts and Cascading Failures of the Global Markets (Jeffrey D. Sachs, Scientific American)

Editor’s Note: This is the extended version of the “Sustainable Developments” column from the January 2009 issue of Scientific American.

* Protesters disrupt foreclosure auctions in Sacramento (Jim Wasserman, Sacramento Bee)

Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified auctioneer to the hospital with chest pains.

* Sympathetic Victims? (Gwen Moritz Editor’s Note) (Gwen Moritz, Arkansas Business)

Our recent story about people who invested tens and hundreds of thousands of dollars in stock peddled by Darrell Lainhart of Sherwood included several sympathetic victims: A woman who needs the $30,000 her husband invested because hes now in a nursing home with Alzheimers disease, a disabled veteran, a man who hoped to become a full-time missionary.

* Treasure Coast homes sales increase, but at lower prices (Paul Ivice, Jupiter Courier)

Realtor sales of existing homes in St. Lucie and Martin counties in March nearly mirrored statewide numbers, with a 27 percent increase in sales but a 30 percent drop in the median price compared with a year ago.

* Assessing the future of the Cal Neva Resort and Casino (Annie Flanzraich, N Lake Tahoe Bonanza)

Nev. Since the Cal Neva Resort, Spa and Casinos bidder-free, two-state auction earlier this month, more than 25 new interested investors have inquired about the hotel and casino, said Steve Sugarman, a spokesman for owner Canyon Capital Realty Advisors.

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Interesting Housing News Links (April 19, 2009)

* Loantovalue should be kept under control (Edward Hadas, The Daily Telegraph)

And if house prices start rising too rapidly, cut the maximum loan-to-value ratio say to 70pc. Such a prescription is rightly being considered by the G20 in response to the current crisis.

* Bernanke: financial innovation needs regulation (Martin Crutsinger, The Pantagraph)

Federal Reserve Chairman Ben Bernanke said Friday that financial innovation is good for the economy but should be properly regulated.

* Cal Neva foreclosure: no bids offered at Wednesday auctions (Annie Flanzraich, N Lake Tahoe Bonanza)

Nev. No bids were offered Wednesday in a pair of public foreclosure sales auctions regarding the Cal Neva Resort, Spa and Casino in Lake Tahoe.

* To Rent or Buy in 2009? (Sara Sutachan, California Real Estate)

Given recent changes in home prices and the current low mortgage rate climate, there have been significant gains in affordability for prospective first-time homeowners. Earlier in 2009, a provision in the Stimulus Bill provided for a first-time Homebuyer Tax Credit of 10 percent of the purchase price of the home up to $8,000. The CALIFORNIA ASSOCIATION OF REALTORS´┐Ż analyzed the difference betw…

* How old is too old to work? (Kathleen Doheny, KPLC)

April 10 (HealthDay News) — Debate about the ideal age to retire has been going on for years. But with the U.S. economy in a dramatic slump, the flip side of that question — how old is too old to work? — has become uppermost in many people’s minds.

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