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Warren Buffett's Berkshire Hathaway annual meeting: 5 takeaways for investors

Consumer / Home and Consumer News /

Berkshire Hathaway shareholders flocked to Omaha, Nebraska, on Saturday to hear from CEO Warren Buffett and other Berkshire executives. For about 5 hours, Buffett took questions on Berkshire’s many businesses, investing and life in general.

The meeting included a video tribute to Buffett’s longtime partner and Berkshire vice-chairman ...Read more

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More than 90% of stablecoin transactions aren't from real users, study finds

Consumer / Home and Consumer News /

More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa Inc., suggesting such crypto tokens may be far away from becoming a commonly used means of payment.

The dashboard from Visa and Allium Labs is designed to strip out transactions initiated by bots and large-scale ...Read more

Lezlie Sterling/The Sacramento Bee/TNS

California State Farm customers anxious as insurer starts major policy cuts. 'There's panic'

Consumer / Home and Consumer News /

Debbie Lindh leaned forward in a chair on the front porch of her Grass Valley, California, home and pointed at the house directly across a narrow street.

Lindh, 71, and her husband were recently told State Farm will no longer insure their property near the city’s downtown.

Yet the neighbor across the street is not losing coverage. Her ...Read more

Vanguard is boosting fees to urge holdout customers to do their own trades online

Consumer / Home and Consumer News /

Investment giant Vanguard Group is renewing its effort to get customers to embrace online banking, annoying some longtime clients.

The company, which has spent the past decade urging longtime fund investors to move their savings into the company’s brokerage accounts, now plans to raise brokerage fees in a bid to get holdouts to finally start ...Read more

Lori Borgman: Conversations are growing ear-resistible

Consumer / Home and Consumer News /

My husband and I have experienced some hearing loss. The most frequently heard word at our house is "WHAT!?"

More pressing than our physical hearing loss is our selective hearing loss, something that happens to couples who have been married a long time.

Just the other day, the husband was working on his laptop at the kitchen table with his ...Read more

Real estate Q&A: Do I have to sell condo to another owner in building?

Consumer / Home and Consumer News /

Q: When we decided to sell our apartment, one of our friends wanted to buy it, and we agreed to sell it to him at a discounted price. When he went for his interview with the condo board, he was told that he could not buy it because another owner in the building was going to. Do I need to sell it to my neighbor at the discounted price, or can I ...Read more

Mariah Tauger/Los Angeles Times/TNS

Nix the oven? A skinny fridge? Tips on designing a tiny kitchen in your ADU

Consumer / Home and Consumer News /

LOS ANGELES -- Unlike European kitchens, which are designed for efficiency rather than luxury, American kitchens often emphasize open-concept designs simply because they are larger.

But now that people are adding accessory dwelling units, or ADUs, in their backyards to house family members and generate passive income, the European model is ...Read more

Tea Kvetenadze/New York Daily News/TNS

Millions of New Yorkers facing rent hikes of up to 4% for 1-year lease

Consumer / Home and Consumer News /

Around 2 million New Yorkers living in stabilized apartments will likely see their rents climb for the third year in a row, after the board tasked with setting rates okayed a range of possible hikes at a raucous preliminary vote on Tuesday — as tenants and their board representatives walked out in protest.

The rest of the Rent Guidelines ...Read more

Hong Kong vies with US in Bitcoin ETF market after crypto's revival

Consumer / Home and Consumer News /

A batch of exchange-traded funds investing directly in crypto will debut in Hong Kong on Tuesday, heralding potential competition for US Bitcoin products whose popularity stoked a record rally in the digital asset.

Harvest Global Investments Ltd., the local unit of China Asset Management, and a partnership between HashKey Capital Ltd. and ...Read more

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May Fed meeting preview: Are rate cuts canceled or just delayed? Watch for these 3 key themes as inflation stays hot

Consumer / Home and Consumer News /

At the start of the year, the nation’s top economists thought the Federal Reserve would be using its May rate announcement to tee up the first cut of its fiercest inflation-fighting regime in 40 years.

Now, as inflation stays more stubborn than expected, they’re wondering whether those cuts are delayed — or completely canceled.

It’s ...Read more

Anthony Souffle/Star Tribune/TNS

Friends split a mortgage, share a home to beat high housing costs

Consumer / Home and Consumer News /

Sara Kemper and Betsy Ohrn have been besties since first grade, so they've shared a lot through the years: even the mortgage on a St. Paul house that's much larger and grander than anything they could have afforded individually.

"We needed something we could grow into," said Kemper, recalling the house-shopping wish list she, Ohrn and their ...Read more

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Erin Lowry: Your retirement anxiety can't be cured online

Consumer / Home and Consumer News /

The often-cited goal of having a $1 million retirement nest egg needs to be retired itself. Adjusted for inflation, it would take nearly $1.9 million to have the same purchasing power today as in 1999, when the oldest of millennials were just turning 18. Granted, $1 million still sounds like a lofty sum to many Americans, which could be why so ...Read more

Nhat V. Meyer/Bay Area News Group/TNS

LA court strikes down controversial California law abolishing single-family zoning

Consumer / Home and Consumer News /

A controversial housing law that abolished single-family zoning across California has been ruled unconstitutional by a Los Angeles County judge — but the narrow ruling is likely to be appealed by the state.

Passed in 2021, SB 9 allows single-family homeowners to split their lots in two and build two homes on each lot — allowing up to four ...Read more

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Mortgage rates climb for a fourth week to reach 7.17%

Consumer / Home and Consumer News /

Mortgage rates in the U.S. increased for a fourth straight week.

The average for a 30-year, fixed loan was 7.17%, up from 7.1% last week, Freddie Mac said in a statement Thursday.

House hunters looking to land a deal during the typically busy spring season are having to dig deeper to afford a purchase. Borrowing costs have climbed fairly ...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Childcare costs 'more than a mortgage' per kid, forcing Philly parents to make tough choices

Consumer / Home and Consumer News /

The Salovin family pays $26,000 a year for childcare for their two daughters.

For them, it’s a worthwhile expense, knowing their 1- and 4-year-old girls are at a licensed facility and they can both stay in the workforce.

But even the Delaware County, Pennsylvania, couple — who work in health-care administration and pharmaceuticals — is ...Read more

Andy Cross/The Denver Post/TNS

Can Colorado cities prevent thousands of apartments from losing affordability protections?

Consumer / Home and Consumer News /

Nine years ago, one of Silverthorne, Colorado’s few income-restricted housing properties was sold to a private firm. The sale — at a price that was double the property’s assessed value — raised worries in the high-cost mountain community that the new owner of the Blue River Apartments might lift rent caps that had kept its 78 units ...Read more

Real estate Q&A: Can I break lease in poorly maintained building?

Consumer / Home and Consumer News /

Q: I lease an apartment in a poorly maintained building. Lately, it has gotten to the point where the smell is literally making me sick. I want to move, but I signed a one-year lease. Can I get out of my lease due to this? — Cara

A: When a property is leased, it creates a legal relationship with benefits and responsibilities for the landlord ...Read more

Wally Skalij/Los Angeles Times/TNS

Amid homeowner insurance crisis, consumer advocates and industry clash at hearing

Consumer / Home and Consumer News /

The fault lines running through California's spiraling homeowners insurance crisis were on display Tuesday at a state hearing, where consumer advocates clashed with industry firms over a plan to allow insurers to use complex computer models to set premiums — a move state officials say will attract insurers to the market.

State Insurance ...Read more

Michael Quine/Las Vegas Review-Journal/TNS

'Don't piss off the DOJ': Veteran Las Vegas agents react to renewed push against Realtors

Consumer / Home and Consumer News /

Multiple veteran Las Vegas real estate agents say they are largely on board with the upheaval currently going on in their industry.

It’s time for change and more transparency in their governing bodies, they say.

A federal appeals court ruled earlier this month that the U.S. Justice Department could restart its investigation into the policies...Read more

Curtis Compton/The Atlanta Journal-Constitution/TNS

PulteGroup announces 10% jump in revenues, earnings up 32%

Consumer / Home and Consumer News /

PulteGroup last quarter had revenues of $3.8 billion, a 10% jump from the same period a year ago, as the nation’s housing shortage promises to fuel more construction, the company announced Tuesday.

The Atlanta-based homebuilding giant reported a 32% bounce in earnings, an 11% increase in the number of homes sold, as well as a higher profit ...Read more