An ongoing plunge in US home prices represents an opportunity for patient house shoppers, famed Yale University economist Robert Shiller stated this week. Home price declines are expected to accelerate this year as the Federal Reserve’s interest rate hikes weigh on the US economy and force sellers to sweeten the deal for buyers. As a … Read more
American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 47% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares … Read more
I’ve inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years for below market rates. I don’t believe there was a lease, and it is probably against the building code to have tenants in the basement. The couple’s family is … Read more