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Hot Property: A mega-mogul's desert showplace

Consumer / Home and Consumer News /

LOS ANGELES -- The onetime Palm Desert home of late Hollywood producer Jerry Weintraub returned to market last week for $6.9 million, and in three days had an offer in hand.

The striking contemporary-style home, which was designed and built for the mega-producer, was first offered three years ago for $16 million. More recently, it was listed at...Read more

The Mortgage Professor: Another desirable feature of a retirement plan: A set-aside

Consumer / Home and Consumer News /

A recent column I wrote on retirement ("What should you look for in a retirement plan?") indicated that in order to assure that a retiree will not run out of money at an advanced age -- a primary retirement objective -- most plans should contain an annuity.

In this column I will discuss a second major objective of retirement plans that is often...Read more

The Mortgage Professor: Another desirable feature of a retirement plan: A set-aside

Consumer / Home and Consumer News /

A recent column I wrote on retirement ("What should you look for in a retirement plan?") indicated that in order to assure that a retiree will not run out of money at an advanced age -- a primary retirement objective -- most plans should contain an annuity.

In this column I will discuss a second major objective of retirement plans that is often...Read more

Singles who own homes may be more attractive to potential partners

Consumer / Home and Consumer News /

Forget cheesy pickup lines. The sexiest thing you can say to a potential mate in 2019? "I own my own house."

A recent survey suggests that owning a house makes you more attractive to potential mates.

Conducted by real estate listings site Realtor.com, the study finds that nearly 60 percent of millennial singles agreed that homeownership boosts...Read more

Real estate Q&A: Can I cash in by selling my beachside condo as a timeshare?

Consumer / Home and Consumer News /

Q: I have a great condo by the ocean, and I want to sell it as a timeshare because I think I can get more money doing it that way. Can I do this? -- Mary

A: This is a very creative idea, but you cannot do it. Fractional ownership, or a timeshare, is more than just selling weeks of ownership. Besides all of the disclosure requirements, timeshare...Read more

Housing meant for the Bay Area's poorest residents is slowly vanishing

Consumer / Home and Consumer News /

As Bay Area communities struggle to build enough housing for their poorest residents, one factor keeps threatening their progress: the affordable housing they already have is slowing disappearing.

The five-county Bay Area has lost 2,128 subsidized affordable homes since 1997, according to a report released Tuesday by the California Housing ...Read more

Houses are stolen from the deceased in 'hot' Philadelphia neighborhoods — as the city stands by

Consumer / Home and Consumer News /

PHILADELPHIA -- They are all dead. Yet if city records are to be believed, they all walked into the office of a notary public and signed away their homes, which just happened to be in gentrifying neighborhoods with soaring property values.

Gail Harrison lived alone in the house where she grew up on Seybert Street in North Philadelphia. She had ...Read more

Spectacular skylines can also be bird killers. Here's how a proposed Chicago ordinance is trying to help.

Consumer / Home and Consumer News /

CHICAGO -- Glass-sheathed modern buildings make for spectacular skylines, but they're also bird killers, especially in Chicago.

Each year, thousands of birds die when they smash into large glass windows they can't see. Lights from skyscrapers can also confuse migrating birds, causing them to circle buildings repeatedly and die from exhaustion. ...Read more

The Journey: New post-retirement job: making the world a better place

Consumer / Home and Consumer News /

Retirement experts often recommend working longer as a way to make savings outlive the saver, but it isn't always easy.

Burnout, age discrimination, health issues and new technologies that eliminate jobs or make veteran workers' skills outdated conspire against those who try.

There is a growing wave of hope, however, that saving the world -- ...Read more

Susan Tompor: How to avoid the Social Security scam that makes you out to be a criminal

Consumer / Home and Consumer News /

Maybe con artists are inspired by the movie "The Mule" where Clint Eastwood plays an octogenarian who hauls cocaine shipments in a Lincoln pickup for a Mexican cartel.

Maybe it's all the political haggling over "The Wall" where President Donald Trump and his supporters want to beef up border security by creating a barrier along the U.S.-Mexico ...Read more

TV show update: Wofford family reflects on life-changing 'Extreme' home makeover, 15 years later

Consumer / Home and Consumer News /

If you were a TV watcher in 2004, chances are you remember the Wofford family of Encinitas.

On Sept. 26 of that year, America was introduced to widower Brian Wofford and his eight children ages 6 to 18, who were chosen by ABC television producers for what would become one of the most-watched and most-popular episodes of the top-rated series "...Read more

Living paycheck to paycheck? This San Diego startup wants to help you shop

Consumer / Home and Consumer News /

SAN DIEGO -- Buy now and pay later. It's an irresistible offer, especially for cash-strapped Americans living paycheck to paycheck. But that offer is usually tied to high-interest credit cards or rental stores that gouge you with inflated prices. Now, there's another option. And it may be less risky than you think.

A booming tech startup in San...Read more

Hot Property: A new love for this Playboy pad

Consumer / Home and Consumer News /

LOS ANGELES -- Crystal Hefner's hop into the real estate game seems to be going well. The former Playboy bunny and widow of Hugh Hefner has sold her modern home in Hollywood Hills West for $5 million.

The pair paid $4.995 million for the home in 2013 a few months after getting married. According to Crystal Hefner, they wanted a change of pace ...Read more

The Mortgage Professor: What should you look for in a retirement plan?

Consumer / Home and Consumer News /

A retirement plan has two major objectives. One is to provide assurance that you will not run out of money at an advanced age. Reflecting this objective, and because only an annuity pays you until you die, with few exceptions every retirement plan should contain an annuity.

The second objective is to avoid leaving more money in your estate than...Read more

The Mortgage Professor: What should you look for in a retirement plan?

Consumer / Home and Consumer News /

A retirement plan has two major objectives. One is to provide assurance that you will not run out of money at an advanced age. Reflecting this objective, and because only an annuity pays you until you die, with few exceptions every retirement plan should contain an annuity.

The second objective is to avoid leaving more money in your estate than...Read more

Real estate Q&A: I have a reverse mortgage — can I still sell my house?

Consumer / Home and Consumer News /

Q: I have a reverse mortgage on my home. Am I allowed to sell my property to pay off the reverse mortgage and keep my equity or do the lenders just get the whole thing? If I die, can my son sell the property and keep any equity?

--Donald

A: A reverse mortgage a different from a typical mortgage because you do not need to make monthly payments....Read more

California warms to solar homes; other states may give a cold shoulder

Consumer / Home and Consumer News /

California's first-in-the-nation requirement that all new homes have solar panels is a giant leap toward its goal of a fossil-free future, but the challenge of managing a surge of electricity to the grid could keep other states -- even sun-soaked ones -- from following suit.

Opposition from utilities and homebuilders, and a slower return on ...Read more

It once hosted the Beatles. Now this Miami Beach hotel is getting sued for being an eyesore

Consumer / Home and Consumer News /

MIAMI BEACH, Fla. -- The Deauville Beach Resort, which hosted the Beatles during their Ed Sullivan Show performance in 1964, has fallen far from grace. So far, in fact, that the city is suing the hotel's owners over its disrepair.

The 540-room hotel owned by Belinda, Richard and Homero Meruelo -- Deauville Associates LLC, collectively -- closed...Read more

Housing finance agency confirmation hearing could involve dueling mortgage plans

Consumer / Home and Consumer News /

The Trump administration's still undisclosed plans to end the federal conservatorship of Fannie Mae and Freddie Mac will be a focus of upcoming confirmation hearings for the nominee of the federal agency overseeing the two government sponsored enterprises.

Democrats such as Senate Banking ranking member Sherrod Brown, D-Ohio, have said they're ...Read more

The latest sleeper sofas offer solutions for tight spaces

Consumer / Home and Consumer News /

As many homeowners move to living smaller in tiny houses, accessory dwelling units and mobile homes, the sleeper sofa has taken on new importance regarding space-saving needs. From modular sofas that come equipped with pop-up storage to sleek click-into-place daybeds, today's designs can be pushed, pulled and opened like a book. And they look ...Read more