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Chinese buyers keeping apartments empty 'an urban myth'

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Report: Mother stabbed by man accused of setting Stonybrook apartment ablaze

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CBS12 reporter Yaremi Farinas has the latest on the Stonybrook apartment fire . (WPEC) RIVIERA BEACH, Fla. (CBS12) —  A newly released report shed light on the circumstances surrounding the apartment fire that nearly claimed the lives of three children. The report says Trenice Smith, the mother of the children, ran out of the apartment half naked after 22-year-old Velmando Williams, the father of her two sons, stabbed her in the back of the head with a knife during an argument. Latoya Rentz remembers the moment Smith noticed her three small kids were trapped inside a burning apartment . “When I looked at the window and they started getting black and stuff I'm like, 'Oh my God,'” Rentz said. “The girl Trenice was saying the kids were locked in." Williams locked Smith out of the apartment as she called for help, police said. “He don’t even know what he did to Trenice, what he did to her family,” Rentz said. Below is the recording of a 911 call that captured the cha...

Masked intruders with baseball bats caught by police: Brunswick Police Blotter

Brian Lisik/special to cleveland.com   BRUNSWICK ---   Menacing, Stonybrook Lane: Four men and a woman were arrested for menacing at 5:15 p.m. Aug. 8 after they were seen getting out of a silver Toyota Victim " carrying baseball bats and wearing bandannas over their faces," according to witnesses. The suspects then began screaming and threatening a tenant at Laurel Hill apartments , while pounding on his apartment door. The victim recognized the suspects and the victim's girlfriend said she saw one of the men pull a handgun from a grocery bag. The car was located a short time later and a baseball bat, a bandana and marijuana was found inside. One of the men admitted to going to the apartment to confront the victim "about stolen money," reports said. No guns were found in the car and the suspects all denied having a gun. Four of the five suspects were but were charged with menacing. One, whose involvement was unclear due to conflicting accounts, was not charge...

1 in custody, 2 sought in theft from Huber Heights clothing store

Published: Thursday, August 24, 2017 @ 8:12 PM Updated: Thursday, August 24, 2017 @ 9:56 PM By: Breaking News Staff UPDATE @ 9:25 p.m.:   Police are still looking for two women suspected of stealing clothes from Justice, a clothing store in Huber Heights, speeding away and then running from a collision on I-75 South at Benchwood Drive in Butler Twp.  MORE LOCAL NEWS: Crash involving car , semi shuts down I-70 West Police apprehended a third woman who ran from the crash and released two other women who were left behind in the wreckage, Huber Heights police Sgt . Brandon Sucher said.  Police were called to Justice, in the Northpark Center, 8275 Old Troy Pike (state Route 202), just after 7 p.m. on a report of a theft in progress.  Witnesses told police that two of a group of five women in the store ran out carrying armloads of clothing and their getaway car hit a vehicle as it left the parking lot. One of the witnesses followed the getaway car, a Volkswagen sedan, and saw the collisio...

Why can't Americans ditch checks?

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Americans ditch checks ? " /> The first time Amelia Howells ever wrote a check, she was 28 years old and standing in a Connecticut apartment leasing office , with no idea what to do. The British expat had just moved to the U.S.; she'd never had to write a check in London or during her seven years in Switzerland. "I had to sit down with a woman to learn how to do it. She thought it was hilarious and called in all the other people in the office to have a laugh at me," she recalls. "In Switzerland, they don't even have checks. We did all our rent and utilities online, and that was back in the early 2000s." In an era of smartphones, online banking, and Venmo transfers, the U.S. still can't seem to wean itself off paper checks. In most countries, they've gone the way of the fax machine and the rotary telephone. But their demise isn't coming to America any time soon. Americans still reach for their checkbooks more than anybody e...

How Can We Keep Housing Affordable? - Charlotte Magazine - September 2017

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As teachers, cooks, cashiers, and bus drivers are being priced out of Charlotte, one question looms: How does a growing, thriving city in modern America keep housing affordable for its working-class citizens? By RACHEL JONES Published: 2017.08.23 06:21 AM Jacqueline Ingram (middle) works full-time at the Ross Dress For Less distribution center in Rock Hill. But in this booming region, her salary isn’t enough to comfortably buy a home for her and her kids, 12-year-old Nya and five-year-old Rejonee. PHOTOS BY ANDY MCMILLAN ONE RECENT SUNDAY AFTERNOON , Jacqueline Ingram and her two daughters explore an empty four-bedroom house for sale on a Brianna Way cul-de-sac in southwest Charlotte , filling it with their dreams along the way. “This one is mine,” 12-year-old Nya says of an upstairs bedroom with a view of the Clanton Park neighborhood . “I could put my chest over there, and my table there.” As five-year-old Rejonee sprawls out on the carpet in the room across the hall, In...

Man arrested after stabbing at River Glen Apartments - wistv.com

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AUGUSTA, GA (WFXG) - A man who was injured during a stabbing Monday night at the River Glen Apartments is now facing charges. Deputies responded to the apartments at 201 E. Telfair St. around 9 p.m. When they arrived, they found Xavier Nicholas Gilmore sitting on the sidewalk with a knife blade lodged in his shoulder.  Deputies said that they determined that Gilmore was the primary aggressor in an altercation with his girlfriend and his sister. He is facing charges of two counts of simple battery and will be arrested when he is released from the hospital.  Gilmore's girlfriend said that Gilmore got angry after seeing a text in her phone from someone, according to an incident report. The girlfriend said Gilmore tried to choke her up against a wall.  That's when Gilmore's sister intervened and tried to calm Gilmore down, according to the report. Gilmore punched her in the face and also tried to choke her.  The sister ran to the kitchen and grabbed a knife, according to ...

Apartment Fire at Barrington Lakes on Hassell Rd, Hoffman Estates

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Wed October 14 2015 9:19 pm &nbsphttp://www.arlingtoncardinal.com/?p=75721   Share The Cardinal -- Arlingtoncardinal.com Articles  (E-Mail, Facebook, Twitter & More)&nbsp Hoffman Estates police and firefighter/paramedics responded about 9:02 PM Wednesday to a report of an apartment fire at Barrington Lakes Apartments , 2110 Hassell Rd Hoffman Estates , Il. Police and firefighter/paramedics received a report of a stove fire in an apartment kitchen on the first floor. Firefighters on arrival reported smoke showing from the front of the building. Interior firefighters reported a small fire primarily contained to the broiler, but with some damage to kitchen cabinets. Firefighters checked for extension to walls and ventilated the units and hallway by 9:07 p.m.. Initially, no reports of any injuries. ENGINE(S): E21 E22 E24 TRUCK(S): T22 SQUAD(S): SQD22 CHIEF(S): BC6 EMS: A21 A22 A23 A24 LIVE TRAFFIC MAP of neighborhood to a report of an apartment fire at Barrington Lakes A...

The Bronx turns

TOLLING THE TYCOONS — Albanese calls for 'politically popular' pied-à-terre tax, by POLITICO New York’s Conor Skelding : Foreign "oligarchs" who own real estate in New York but don't live in the city should have to pay two or three times what they pay now in property taxes, Democratic mayoral candidate Sal Albanese said Wednesday. The "politically popular" new tax's revenue, which Albanese said would amount to billions, could then be put toward the development of affordable housing . "Look, there's a lot of money across the world that people want to outsource," he said during a news conference outside the gates of City Hall. "There's a lot of money there, and we can use that to build real affordable housing ." Mayor Bill de Blasio promised years ago to "take a look" at a pied-à-terre tax, but the proposal is opposed by many of the city's real estate interests . "They own Bill de Blasio , big real estat...

Law Enforcement Blotter: Friday, August 11 through Sunday, August 13

Suspicious person, two people in alley, both tried to walk away, male stated he was trying to find cigarettes on the ground then going home, Alex. Suspicious vehicle, comp states there is a tan truck with a topper by the cul-de-sac and has been there for two months, Garfield. Theft, theft of a boat motor, Alex. Harassment, caller says that her ex-husband is calling her and won't leave her alone, has been drinking heavily and she is nervous about what he might do, Alex. Harassment, receiving several text messages from a male that she doesn't know, Alex. Suspicious vehicle, vehicle unoccupied , Alex. 911 hangup, comp called screaming , she then hung up, called back, person one tossed the house according to comp, person one went home for the night, Evansville. Saturday, August 12 Suspicious vehicle, out with vehicle on the side of the road, Alex. Suspicious vehicle, Evansville city maintenance reporting green Ford Expedition unoccupied , there is a purse and a gun case inside the...

Police: College Station man threatened neighbor with machete | Local News

A College Station man was arrested Monday night after police say he threatened his neighbor with a machete. According to College Station police , a man called 911 around 8:30 p.m. Monday and said someone was attacking his stepfather with a machete. Police responded to an apartment complex in the 2700 block of Longmire Drive and spoke with Larry Darnell Moody , 66, and another man. The man said he had arrived home from shopping and saw his wife outside arguing with Moody, who is the couple's neighbor. The woman said Moody had offered the couple's children cigarettes, and the victim said he told Moody that if he caught him trying to give the children tobacco, there would be "a problem." According to a police report, Moody then picked up a machete and raised it in the air. The report states Moody told officers he was defending himself. No injuries were reported. Moody is charged with aggravated assault with a deadly weapon, a second- degree felony punishable b...