The estimated cost to end homelessness in the San Francisco Bay Area is $12.7 billion and additional billions annually to fund ongoing services to the needy, according to a report released Wednesday.
... It estimated the average per unit cost of housing each homeless person in the Bay Area region at $450,000 but also noted that housing costs in San Francisco are more than $700,000 per unit when land is factored in.
“Despite a growing economy and low unemployment, homelessness in the Bay Area grew at an annualized average of 2% between 2011 and 2017,” the report said. “The growth of homelessness during an economic expansion is attributable to the region’s inability to build homes at a rate appropriate for its job and population growth.”
Overall, California has nearly 130,000 people experiencing homelessness, or 24% of the nation’s total homeless population, according to U.S. government estimates. New York follows with about 92,000 homeless individuals and then Florida with just over 31,000.
Pay Less in Taxes: Essential Deductions for Rental Property Investors
5 Reasons the Fourplex Is the Perfect House Hack
Q & A With Real Estate Attorney: Structuring JVs, Newbie Closing Mistakes, and How to Build Your Team:
I think the number one mistake real estate investors make is that they do not include the right contingencies. Or, even worse, they don’t put contingencies at all.
A lot of real estate deals—from tiny deals to complex transactions—have skeletons. And you, as an investor, should have an option to get out of the deal if the deal turns out not to be what you signed up for.
Remember the 3D investor?
No, I’m not talking three dimensional. I’m talking the 3D equation—death, divorces, defaults—three instances in which an investor sees opportunity.
Well, there’s actually a fourth: distress.
My finance guy constantly gets requests for refinancing, funding, whatever. Some deals just aren’t financeable, for whatever reason.
If the owner can’t pull money out of the property, guess what liquidation option remains. Yup. Selling the property.
In other words, you now have a seller that’s extremely motivated. And guess who hears about it way before a broker has a chance to even know what’s happening?
Bingo! The same people the lender’s already doing business with.
For this research project, Long and Corns will use data from the Meramec and Missouri basins to train a deep learning neural network to determine how deep and how quickly floodwaters will rise.
Utilities have for decades diluted the waste, which includes such toxins as arsenic, boron, lead and radium, and stored it in open pits called ponds. And while coal plants’ air pollution and greenhouse gases get more national attention, residents and officials in some states are now forcing plant operators to clean out their ponds.
Typically separated from rivers and groundwater by clay, rocks, and dirt, the ponds have at times burst, unleashing thousands of tons of waste into rivers in Tennessee and North Carolina.
Millar warns that LNG is especially hazardous because of its ability to easily warm to a vigorous boil, forming a flammable gas cloud that can erupt into an unquenchable fire. A 1944 explosion in Cleveland killed more than 100 people after liquefied natural gas from an East Ohio Gas Co. storage tank seeped into the city’s sewer system and ignited, leveling homes and businesses across several city blocks, he said.
Now a new study titled “Minding the Protection Gap,” just published in the Connecticut Insurance Law Journal, concludes the prevalence of under-insurance among American homeowners might be closer to 80 percent. ...
... It’s tempting to instead enter fewer parameters to the software tools to estimate coverage and simply quote the most competitive premium they can.
We always encourage property owners to include as many parameters as possible.
Deadly Storms Sweep Through Texas, Southern States:
Powerful storms that rolled across the South over the weekend spawned tornadoes, damaged homes and killed at least four in Texas, including two children, authorities said.
No matter how much you learn about people dying, especially children, you can't get used to it. The poor parents who were only a few feet away!
Many tenants are gig workers.
The rights include informing workers about the working conditions such as duration and remuneration from day one.
Workers will also be able to refuse, without consequences, an assignment outside predetermined hours or be compensated if the assignment is not canceled in time.
Employers will not be allowed to hinder workers from working for other companies and will have to provide free mandatory training.