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Apache is functioning normally

December 2, 2023 by Brett Tams

REDDING — 

To the native Wintu people it was Bohem Puyuik, the “Big Rise,” and no wonder. Mt. Shasta towered above everything else, her loins delivering the natural springs and snowmelt that birthed a great river.

The Sacramento River provided such an abundance of food that the Wintu and many neighboring tribes — the Pit River, Yana, Nomlaki and others — had little to fight over. They thrived in pre-colonial times, on waters that ran silver with salmon, forests thick with game and oaks heavy with acorns.

But centuries of disease, virtual enslavement and murder wrought by European and American invaders scrambled the harmony that once reigned along the Upper Sacramento River.

Today, three tribes here are locked in a bloodless war. At issue is a proposal by one Indigenous group to expand and relocate its casino and whether the flashy new gambling hall, hotel and entertainment center would honor — or desecrate — the past.

The Redding Rancheria is pressing to replace its current Win-River Resort & Casino with a nine-story casino complex with more than double the number of slot machines and more than triple the hotel rooms.

(Carolyn Cole / Los Angeles Times)

The casino envisioned by the Redding Rancheria and its 422 members would rise nine stories on 232 acres along Interstate 5. The rancheria — home to descendants from three historic tribes — began planning the development nearly two decades ago, envisioning a regional magnet for tourists and gamblers.

But the proposal has been buffeted by influential opponents, including the city of Redding, neighborhood groups and the billionaire next door — who happens to be the largest private landowner in America. The naysayers list a cavalcade of complaints against the new Win-River casino complex, saying it would despoil prime farmland, exacerbate traffic, increase police and fire protection costs and threaten native fish in the Sacramento River.

Those complaints have helped stall, but not kill, the project, whose fate rests almost solely in the hands of the Bureau of Indian Affairs in Washington, D.C. And now the BIA’s obscure bureaucrats have been confronted with an explosive new charge from two neighboring tribes: that construction of the casino would desecrate what the tribes say should be hallowed ground — the site of an 1846 rampage by the U.S. Cavalry that historians say probably killed hundreds of Native people.

The Sacramento River massacre has not received the attention of other atrocities of America’s westward expansion, such as the one in 1890 at Wounded Knee, S.D., where U.S. troops killed as many as 300 Lakota people. Estimates of the carnage, recorded over the decades from witness accounts and oral tradition, range from 150 to 1,000 men, women and children slaughtered along the banks of the Sacramento River.

If the higher estimates of the death toll are correct, it would rank as one of the largest single mass killings of Indigenous people in American history.

Gary Rickard, chair of the Northern Wintu tribe, contends the Redding Rancheria’s proposed new casino would desecrate the site of a 19th century massacre of native people.

(Carolyn Cole / Los Angeles Times)

“In my heart, I find it hard to believe that there are Wintu people that are willing to build a casino on … the blood-soaked dirt of the massacre site,” Gary Rickard, chair of the Wintu Tribe of Northern California, told a state Assembly committee in August. “There are dozens of other places along the I-5 corridor and the Sacramento River.”

Redding Rancheria Chair Jack Potter Jr., himself part Wintu, called the claim that his tribe would build its casino on the massacre grounds “a slander that will not be easily forgotten.” He told state lawmakers that the real massacre site is miles away. Rancheria leaders said their opponents have manufactured the controversy for a less honorable reason: to block what would be a sparkling new competitor.

“Gaming in Indian country can be a tide that raises all of our canoes,” insisted Potter, who appeared at times to fight back tears as he spoke at the Sacramento hearing. “We should not battle against one another, in that spirit.”

Column One

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Friendships that go back decades and tribal ties of a century or more have been imperiled by the casino furor. Native people normally aligned against a hostile or indifferent U.S. government — “We’re all the children of genocide,” as one elder put it — have watched sadly as their conflicts turn inward.

It’s a dynamic that has played out before. Robbed of their ancestral lands, tribes now sometimes fight when one tries to claim new territory, often as a base for a lucrative modern endeavor: gambling.

The friction is exacerbated by the peculiar history of the Redding Rancheria — and by opponents’ eleventh-hour invocation of the Sacramento River massacre, 19 years after the rancheria began to assemble parcels for the project.

The casino envisioned by the Redding Rancheria would rise nine stories on 232 acres along Interstate 5 near the Sacramento River.

(Carolyn Cole / Los Angeles Times)

The Redding Rancheria refers to a nearly 31-acre stretch of land near the south end of Redding that the federal government bought in 1922 for “homeless Indians” who came to the area as seasonal workers for ranches and orchards. The rancheria sits in a relatively obscure location compared with the interstate-adjacent site of the proposed casino, more than three miles by car to the northeast.

In 1939, the Wintu, Pit River, Yana and other Indigenous peoples formed a rancheria government. It was recognized by the United States. But in 1958, an act of Congress “terminated” recognition of multiple California groups, including the Redding Rancheria, in an attempt to force Indians to disperse into the general population. It took a landmark 1983 court settlement to formally restore recognition of 17 rancherias, including the one in Redding.

The result is that there are Redding Rancheria members with Wintu blood, like Potter, 52, who firmly support the casino, while other Wintu descendants who are not descended from the original rancheria families, like Rickard, 78, adamantly oppose it. Rickard grew up with Jack Potter Sr. and has known his son since he was a boy.

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Cordiality prevails, at least outwardly, when Rickard and Potter meet today. But the bad blood between their groups has become fierce, exacerbated by the yawning wealth disparity between the rancheria and the Northern Wintu.

Rancheria members have thrived largely because of the success of their existing Win-River Resort & Casino, which operates 550 slot machines, a dozen table games, an 84-room hotel and an RV park.

Along with its existing Win-River Resort & Casino, the Redding Rancheria runs a Hilton Garden Inn and a marijuana dispensary in Shasta County.

(Carolyn Cole / Los Angeles Times)

The complex is the biggest income producer for the rancheria, which also owns a Hilton Garden Inn and a marijuana dispensary in Shasta County. Sources familiar with the tribe said each enrolled member receives a monthly “per capita” payment of at least $4,000 and perhaps as high as $6,000.

The rancheria’s chief executive, Pitt River descendant Tracy Edwards, 54, declined to discuss the amount of the payments.

That income, along with health clinics and other benefits, makes the Redding Rancheria members the envy of Indigenous groups with comparatively paltry assets. Rickard’s Northern Wintu claims roughly 560 certified members, but like many groups across America, the tribe has been laboring for years and still has not received formal recognition from the U.S. government. That means the tribe can’t put land into trust, a prerequisite to casino development and also a shield against federal, state and local taxes.

“We don’t have the resources in order to obtain the things we need,” said Shawna Garcia, the Northern Wintu’s cultural resources administrator. “We don’t have the revenue to assist our members with things like college, housing and other assistance.”

Historians and ethnographers say the Wintu were the predominant tribe around the site proposed for the casino complex, an expanse of meadow and scrubland that locals dub the Strawberry Fields because of its agricultural history. And Rickard questioned why the “pure-blood Wintu people” he represents have been left to struggle, while the rancheria — representing an amalgamation of tribal groups — stands poised to create an even bigger cash cow with its new casino.

Some area residents are wary of plans for a new and bigger Win-River casino complex in Shasta County, concerned it would despoil farmland and threaten native fish.

(Carolyn Cole / Los Angeles Times)

Before the arrival of European and American settlers, the Sacramento River provided such an abundance of food that the Wintu and many neighboring tribes had little to fight over.

(Carolyn Cole / Los Angeles Times)

Rancheria leaders like Edwards, a UC Davis-trained lawyer, have emphasized how the tribal group has supported Native and non-Native people, both as one of the largest employers in Shasta County and through its charitable foundation.

In just one year, 2018, the rancheria said it gave more than $1.2 million to community organizations, helping serve the homeless and victims of the Carr fire. During the early phase of the COVID-19 pandemic, the rancheria donated $5,000 each to 60 businesses struggling to stay afloat.

At a cost of $150 million, the rancheria’s new casino would feature 1,200 slot machines — more than double the number at its current casino — and with 250 rooms, the new casino hotel would be more than triple the size of the existing hotel. The tribal group has pledged to close its current Win-River casino when the new one opens.

The rancheria’s outsized community presence has created substantial goodwill around Redding, but a portion of residents have stepped forward — via petitions and ballot measures — to express disdain for large developments they feel could harm the rural character of their community.

Among the more powerful opponents is Archie Aldis “Red” Emmerson, president of logging giant Sierra Pacific Industries, whose sprawling estate looms along the Sacramento River, just south of the casino site.

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In 2020, an Emmerson-allied company purchased property from the city of Redding that included a portion of a road that would be the north entry to the casino site and created an easement that would have barred access to the rancheria land for all but agricultural purposes. The easement effectively would have thwarted the casino by blocking vehicle access to the development.

But in 2022, a Shasta County Superior Court judge voided the deal, saying that in selling the land (for just $3,000 to the billionaire) the city had violated its “own processes, procedures and the relevant law.” The ruling nullified the easement, preserving the rancheria’s unrestricted access to the property.

Todd Giles lives close to the Redding Rancheria’s proposed new casino complex. He worries about the effects on traffic and crime.

(Carolyn Cole / Los Angeles Times)

The Redding City Council and neighboring homeowners have maintained their opposition to the project for years, while a new conservative majority on the Shasta County Board of Supervisors recently reversed the county’s earlier objections. The supervisors supported the casino, despite admonitions from the sheriff, fire chief and county counsel that the agreement with the rancheria did not provide sufficient compensation to cover the increased costs of serving the big development.

The rancheria agreed to make one-time payments totaling $3.6 million to support Shasta County, the Sheriff’s Department and fire and emergency services. That initial infusion would be supplemented by recurring payments: $1,000 for each police service call and $10,000 for each fire/emergency service call.

No issue has unsettled intra-tribal relations, though, like the debate flowing out of the terrible events along the Sacramento River 177 years ago.

Oral histories of the Wintu and neighboring tribes recall how Native families and elders had gathered along the river known as the Big Water each year in early April for the spring salmon run. Traditionally, the season signaled rebirth.

But Capt. John C. Fremont had other ideas.

Fremont diverted his men from their ordered assignment: completing land surveys in the Rocky Mountains. The Americans instead went adventuring to California, where, in the spring of 1846, they responded to sketchy claims from settlers that they were endangered.

About 70 buckskin-clad white men set upon the Native people, the locals far outgunned by the invaders, each toting a Hawken rifle, two pistols and a butcher knife, according to UCLA historian Benjamin Madley‘s detailed account of the massacre.

The horsemen completed their grisly work with such evident pride that legendary frontiersman Kit Carson later bragged that the coordinated assault had been “a perfect butchery.”

The feud over a proposed new casino has sparked debate over precisely where the 1846 Sacramento River massacre occurred. Two area tribes contend this meadow was a key location in the atrocity.

(Carolyn Cole / Los Angeles Times)

The massacre marked the beginning of “a transitional period between the Hispanic tradition of assimilating and exploiting Indigenous peoples and the Anglo-American pattern of killing or removing them,” according to Madley’s “An American Genocide: The United States and the California Indian Catastrophe.”

Fremont (later a U.S. senator from California and a Republican presidential candidate) would say that his party attacked the natives because of reports of an “imminent attack” upon settlers. But the “battle” was one-sided, with the federal troops suffering no known casualties. Afterward, according to Madley’s account, Fremont’s men feasted on the Native people’s larder of fresh salmon.

In the nearly two centuries since, the tragedy would be more forgotten than remembered. There is no historical marker around Redding noting the event.

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The Wintu people believed to have been the principal victims have preserved memories of the mass killing in their oral history. But no ceremony marks the atrocity. And at the Wintu cultural resource center in Shasta Lake City, a wall-size timeline of the group’s history makes no mention of the 1846 bloodshed.

There’s also the now-pressing question — pushed to the fore by the casino feud — about precisely where the massacre occurred. The Northern Wintu and another outspoken opponent, the Paskenta Band of Nomlaki Indians, insist that the Strawberry Fields property was a key location in the atrocity.

Proceeds from its existing Win-River Resort & Casino have allowed the Redding Rancheria to offer tribal members a healthy monthly stipend, as well as healthcare clinics and other benefits.

(Carolyn Cole / Los Angeles Times)

The Paskenta commissioned a study by a retired anthropologist from Cal State Sacramento that drew on research from the late 1800s by a linguist from the Smithsonian Institution who, in turn, got much of his information from a Wintu elder who survived the massacre. The report, by Dorothea Theodoratus and a colleague, said that the “center” of the massacre was “opposite the mouth of Clear Creek” in the Sacramento River, a point roughly two miles south of the proposed casino location.

But other accounts from participants and witnesses said Fremont’s soldiers chased down victims after the initial assault, leaving the exact range of the bloodshed unknown. The Theodoratus report says that six villages, including two on the proposed casino property, were so thoroughly intermingled that all “would have had some direct involvement with that massacre.”

Andrew Alejandre, chair of the Paskenta Band, told the Assembly Governmental Organization Committee in August that his tribe is seeking to have the state and federal governments designate the Strawberry Fields a sacred site, off-limits to development. Alejandre, 35, said his tribe vehemently opposes building a casino “on top of men, women, children and elders. The spirit of these ancestors … Let them rest!”

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In rebuttal, Potter and rancheria CEO Edwards note that during the many years that they and others have pursued developments in the region, the rival tribes never mentioned the massacre. Divisive fights over a proposed auto mall and a sports complex (both scrapped) came and went without any discussion about desecration of a mass grave site.

“I would never disrespect the remains of my ancestors,” Potter said.

Fifty miles south of Redding in rural Corning, the 288-member Paskenta Band opened the Rolling Hills Casino and Resort two decades ago. The luxe gaming hall is just one part of an economic surge by the tribe, which has also opened an equestrian complex, an 18–hole golf course, a 1,400-acre gun and hunting center and a 3,000-person amphitheater, where Snoop Dogg performed in May.

The Paskenta Band of Nomlaki Indians operates the Rolling Hills Casino and Resort in Corning, along with an equestrian complex, amphitheater, golf course and hunting center.

(Carolyn Cole / Los Angeles Times)

Potter charged that the fight over the historic massacre is really a ploy by the flourishing Paskenta to squelch the Redding Rancheria’s hopes for a shimmering destination casino “because of the mistaken belief that it … will cut into the profits of their gaming facilities.”

Paskenta’s Alejandre, a designer who once ran a clothing company, denied that is the case.

While representatives for the Paskenta and Northern Wintu tribes bashed the casino proposal at the August hearing, representatives of at least eight other California tribes argued in support of the Redding Rancheria. One said the Redding group had proved itself a good steward of cultural resources.

Another speaker at the hearing was Miranda Edwards, the 28-year-old daughter of the rancheria CEO. The Stanford-educated Edwards and her mother spoke about the importance of moving the tribal group forward for the “Seventh Generation,” future descendants whose livelihoods must be planned for today.

“We work hard every day to provide for this rural community and make it the best that we can for everyone that lives there,” Miranda Edwards told legislators. “It’s disheartening to hear from those that choose not to see that. But it will not stop our work.”

Redding Rancheria CEO Tracy Edwards, left, and her daughter, Miranda, say the tribal group’s proposed new casino is part of a larger effort to look out for the livelihoods of future descendants.

(Carolyn Cole / Los Angeles Times)

Potter, the rancheria’s chairman, had a sardonic take on the dispute.

“We always talk about crabs in a pot,” Potter said. “We are like all these crabs, stuck in a pot. When one tries to get out of the pot, all the others reach up and pull him back in.”

Will arguments about the Sacramento River massacre sway the final outcome of the Redding Rancheria’s casino quest? A BIA spokesman said only that “these issues are under review.” Nearly two centuries after representatives of the U.S. military decimated a civilization here, the federal government still retains ultimate authority over the fate of Native people.

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

Source: latimes.com

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Apache is functioning normally

November 23, 2023 by Brett Tams

If there’s one thing that defines Texas, it’s that ‘everything is bigger’ here. From big hair to big oil to sprawling ranches, the old saying may be overused but hasn’t yet been proven wrong.

And this estate is no exception.

Spanning 11.5 acres in a gated pastoral setting, Paradise Point Estate features a 2,769-square-foot main residence, a standalone shipping container guest house, an art studio, AND a massive barn that can host events — plus a long roster of outdoor and indoor amenities.

All this is in the (tranquil) heart of Bastrop County, Texas — well-known for its harmonious blend of rural charm and thoughtful urban development.

Paradise Point Estate in Bastrop County, Texas. Photo credit: Brian Cole Photography courtesy of Compass

The location also places Paradise Point within a 25-minute drive to downtown Austin and Austin-Bergstrom International Airport.

See also: See inside Jensen Ackles’ house in Austin, a dreamy lake-side retreat

The main residence has 3 bedrooms and 2 bathrooms, all adorned with luxury finishes and highlighting architectural details reminiscent of the 18th century — evoking earthy, old-world charm.

Photo credit: Brian Cole Photography courtesy of Compass

The interiors, washed in an all-white tone with vaulted ceilings, vintage tiles, and warm wood accents, provide a perfect backdrop for eclectic decors that incorporate pieces from different periods and styles.

This includes carefully handpicked antique chandeliers and gold mirrors throughout the communal living spaces. 

Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass

As Texas as it gets, this modern rustic estate offers vast, unrestricted land in the Lone Star State and comes with an art studio and a long list of recreational amenities.

The grounds include a meditation pavilion, a shooting range, a fire pit, a swimming pool, an RV hookup, raised organic garden beds, a butterfly garden, and a wet-weather creek. 

Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass

The expansive compound also includes a dog run, a multi-room chicken coop, and a goat hangout, making it the perfect fit for animal lovers. 

The guest quarters are just as impressive, consisting of 2 bedrooms and 1 bathroom artfully designed around a shipping container that opens up to a well-stocked stock pond and a dock surrounded by towering oak trees. 

Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass

And if you’re lucky enough to have the future homeowners invite you for a stay, hop on the paddle boat to enjoy uninterrupted country views — there’s plenty to see around.

But what truly steals the show is the massive 1,750-square-foot barn.

Photo credit: Brian Cole Photography courtesy of Compass

This versatile barndominium is fully equipped with a commercial kitchen and can be used for gatherings and events.

Photo credit: Brian Cole Photography courtesy of Compass
Photo credit: Brian Cole Photography courtesy of Compass

Simply put, Paradise Point estate captures the essence of rustic charm and contemporary allure — exemplifying barn living at its finest. 

Adding to the appeal, Bastrop County is fast becoming a mecca for tech innovators with the likes of Tesla, Samsung, and SpaceX setting up shop here. This area is also highly sought after by film production companies and creative talent. 

The combination of unspoiled countryside and the modern conveniences of nearby urban amenities suggests that investments in the area are likely to be lucrative.

With the vast amount of unrestricted land and endless possibilities for new development, the 11.5-acre property is now on the market for $2,495,000. Monica Fabbio and Jackie Smith with Compass hold the listing. 

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Source: fancypantshomes.com

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Apache is functioning normally

September 12, 2023 by Brett Tams

This doesn’t look like a great time to make bullish wagers on the mortgage market, what with rates hitting two-decade highs, and a vertiginous fall in originations following the post-pandemic bonanza. But Jeff Sprecher, founder and CEO of commodities and securities trading colossus Intercontinental Exchange (market cap: $64 billion), just made the biggest acquisition in his enterprise’s 23-year history on the conviction that streamlining and digitizing the paper-intensive, time-devouring task of securing loans on the nation’s ranches, colonials, and condos, and revolutionizing the staid way these staples are marketed represents, as he told Fortune, “the biggest untapped opportunity in financial services.” On Sept. 4, ICE bought home loan servicing and data analytics provider Black Knight for $11.9 billion, a price that exceeded the $8.2 billion Sprecher paid for his most famous deal, the 2013 purchase of the New York Stock Exchange.

In an exclusive interview with Fortune, Sprecher discussed how onboarding Black Knight “adds the final piece in the mortgage manufacturing process” and enables ICE to create never-before-seen platforms that provide homeowners with everything from an AI-calculated estimate of the price their dwellings likely command that very day to constant updates on the best new products, government sponsored and private, available for refis.

Black Knight is the latest, and biggest, move in Sprecher’s campaign to turn the mortgage journey from a slog to a snap

Sprecher built ICE as the pioneer in transforming exchanges dominated by traders shouting orders from “open outcry pits” into electronic platforms, a transition he engineered at the International Petroleum Exchange, the New York Board of Trade, and the NYSE. In recent years, he has been crusading to modernize the traditionally slow-motion home loan loop linking lawyers, notaries, and lenders, that takes around two months and costs an average of at least $8,000, into a low-cost, digitized sprint.

Between 2016 and 2020, Sprecher assembled three segments of the origination-to-closing continuum through acquisitions. The first puzzle piece was Mortgage Electronic Registration Systems (MERS), a giant database that catalogs owners and servicers of home loans, and tracks changes when mortgages, mortgage-backed securities (MBS), or servicing rights are sold. The second building block was Simplifile, a service that electronically records the loans at county offices. And in 2020, ICE paid $11 billion to enter the “front” or origination end of the market by purchasing Ellie Mae (named after the daughter in the ’60s comedy series The Beverly Hillbillies), a supplier of software that collects all the contract, appraisal, title, and other insurance documents in a paperless “e-closing” room, and deploys AI to identify the errors—a job left in the old-line mode to buyers’ and sellers’ lawyers that greatly lengthened the process.

Before the Black Knight acquisition, ICE rolled the three segments into an end-to-end, all-electronic offering called ICE Mortgage Technology. ICE holds dominant positions in three of the platform’s component parts. “Ellie Mae handles 50% of all originations, MERS has 85% to 90% of the registrations, and Black Knight holds 65% of the servicing market,” says Sprecher. “We touch nearly every home loan in some way.” The network itself is open, he adds, so that customers can either use the components on an à la carte basis, or choose the end-to-end solution. Sprecher insists that his model has already made big progress. “We’ve succeeded in getting thousands of third parties on the system, including real estate attorneys, brokers, servicers, and notaries,” says Sprecher. “The idea is to get everyone in the industry talking on the same automated system.”

Indeed, Sprecher notes that today, ICE is handling around 10% of all end-to-end home loan production on its digital platform. “That’s an increase from virtually zero mortgages handled electronically a few years ago,” he adds. He believes that once the Black Knight platform is fully integrated, ICE will be able to substantially reduce today’s typical cost of $8,000 or more, and cut the time from origination to closing to as little as a few days.

The Black Knight acquisition adds a new dimension to Sprecher’s quest: Empowering borrowers and lenders with a wealth of real-time data

In making Black Knight a centerpiece of his ecosystem, Sprecher is reaching beyond the mechanics of originating and closing loans, and exploiting opportunities for serving the over 70 million families already making those monthly payments. “A mortgage has four parties, the borrower, the ‘lender’ who’s the originator, the servicer, and the capital markets funder that usually buys the loan from the original bank or other lender,” says Sprecher. He notes that it’s the servicer that’s the borrower’s point of contact once the loan’s been made, since it’s the entity that sends the bills, collects the interest, principal, and insurance payments, and posts the statements. “Most people think the servicer did everything—originated the loan, financed it, and collects the payments. But in reality, the three functions are usually separate,” Sprecher observes. “Once the loan closes, the original lender, whether a bank or an online mortgage broker, has no connection with the borrower.”

Because of that fragmentation, says Sprecher, it’s up to borrowers to keep track of how much their home has gained in equity value, and what new, lower-cost products are available. “That information is crucial to deciding if they should refi, or if they can afford a new home,” says Sprecher. But the original lenders, he adds, have lost track of the customer for whom they originated the loan. “They usually don’t own or service the mortgage,” says Sprecher, “so they aren’t informing those customers of the new products that are available. The loan is now in an MBS. The lender isn’t following their payments history to get a view of their old client’s finances. They’re no longer marketing to the people who were once their customers.”

Sprecher envisions a new paradigm where lenders and borrowers receive loads of real-time information, giving the former far greater marketing reach, and the latter immediate access to the best deals. “Now, the borrower has to do a math exercise to understand their equity position and what they can prequalify for,” says Sprecher. “We want to put all of this together for them regardless of who is their servicer, who was the original lender, or who funded the loan. We want to get all of those parties thinking together in the same database that the borrower or lender, using an app, can call up instantaneously.”

Sprecher notes that ICE can feed info of a home’s details into the Ellie Mae algorithm to calculate its real-time value, showing the mortgage holder whether the price has gone up or down, and where it stands right now. Black Knight also sees reams of price data as the prime software provider for multiple-listing services. That helps customers determine how expensive a new house they can afford, and the size of a new loan they can qualify for. As a giant repository of info about the rates customers are paying and the balances they’re holding, Black Knight as servicer would serve as a crucial data source for the new ICE data stream.

The system would also prove a boon to lenders. “Now, they depend on a consumer they no longer have contact with coming back to them,” he says. “Using our database, they could continually market to that original customer. It allows the originators to have a client for life. It’s a lot like the relationship local banks had with folks years ago. People tended to stay with that bank for life. Now, the ease with which people move from place to place, and rise in online banking, has severed that link. But using our platform, lenders could stay on top of their clients’ needs, and clients would get automatic updates on the price of a new house they could afford given their daily equity position and the rates available.” And the platform would also show the nearby homes for sale in their price range.

It’s interesting that Sprecher seeks to restore the bonds of loyalty homeowners once felt for their neighborhood banks. If it works, it’ll lower costs for consumers—and mean big profits for ICE.

Source: fortune.com

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Apache is functioning normally

August 17, 2023 by Brett Tams

One of the safest states in the U.S., Utah has a lot going for it. The weather gives you solid seasons, with warm summers and cold (ski-friendly) winters. Outdoor activities abound beyond the mountains, with plenty of rivers and lakes to explore. Low unemployment rates and a growing stake in the tech industry provide ample opportunities. There’s also a large population of young professionals seeking Utah out as their new home, so the community is energetic, educated and ready to go.

The list can go on, but already with so many traits recommending Utah, we bet we’ve piqued your interest. But, don’t pack your bags yet. Before you can call Utah home, you’ve got to make sure you can afford to live here. By looking at some key cost of living components, in a few central Utah cities, we can help you with figure out if your budget matches up.

Utah housing prices

Most Utah cities recommend themselves as some of the best places to live in the state. There’s not much that isn’t interesting and scenic. However, everything appealing about Utah has a price tag, and most cities have costs that exceed the national average. Thankfully, when it comes to the cost of living in Utah for housing, you’ll never go too far over, but on the whole, expect to have to pay to call this state home.

Cedar City

Combining a small-town feel with an urban setting, Cedar City changes things up with as many ranches and farms as there are college residences. It’s a great combination of the best parts of Utah and at an affordable price. Housing prices in Cedar City are 7.3 percent below the national average.

The average rent for a two-bedroom is affordable, at $775 per month, and home prices are even going down. The median home price in Cedar City is $322,00, down by 6.7 percent over last year.

Ogden

Known for its professional opportunities, Ogden is the place to go if you’re looking for a government job. The professional stability combined with the city’s proximity to ski resorts means it’s all about working hard and playing hard. This explains why housing prices in Ogden are 6 percent above the national average.

Rents in Ogden are rising pretty significantly year-over-year, keeping prices up. The average one-bedroom apartment saw a 26 percent increase over last year and is currently $1,305 a month. Two-bedroom apartments are rising at a slower rate, up only 14 percent over last year. The current average rent per month is $1,499.

Home prices are also rising, up 17.1 percent over last year. The median home price in Ogden is $410,000.

Provo

One of many college towns in Utah, Provo is home to Brigham Young University. Run by the Church of Jesus Christ of Latter-Day Saints, both the student population and many of the city’s residents are members of the church. Provo has a heavy focus on family life and is full of many young people and new families.

This popular city has housing prices that average 15.8 percent above the national average. The average rent for a two-bedroom is $1,495, and home prices are up 17.6 percent. The median home price in Provo is $450,000.

Salt Lake City

Perhaps the best-known city in Utah, Salt Lake City has it all. It’s the perfect package of a place to live, with a strong city center, plenty of jobs, fun things to do and the great outdoors to enjoy. You’ll never be without something to do or see here, whether you’re going to a free summer concert, cheering on the Utah Jazz at a basketball game or simply exploring the city. For all its popularity, Salt Lake City housing prices aren’t too high, but they do hit above the national average by 26.3 percent.

Steady growth in the rental market has led to some pretty high prices in Salt Lake City. A one-bedroom apartment has an average monthly rent of $1,513, up 20 percent over last year. A two-bedroom will set you back an average of $1,831 per month, which is 16 percent higher than last year.

Home prices are rising even faster, up 36.2 percent over last year. The median home price in Salt Lake City is $613,000.

Utah food prices

Another cost of living in Utah is food. Utah residents spend an average of between $200 and $233 per month on groceries. Judging by the local favorite foods, a large portion of this could be on fresh produce. Yes, the state is famous for fry sauce and pastrami burgers, but it’s also well-known for honey, tomatoes, raspberries, corn and Green River melons. Yum.

Compared to the national average, most Utah cities hit very slightly above average.

  • Ogden is 4.4 percent below the national average
  • Provo is 0.1 percent above the national average
  • Cedar City is 0.9 percent above the national average
  • Salt Lake City is 6.3 percent above the national average

This could impact your overall grocery bill, but might not make everything you buy more expensive in one city over another. Lettuce, for example, costs 20 cents more in Cedar Lake than Salt Lake City. Peaches are 20 cents more in Ogden, the only city with food prices below the national average than in Cedar City.

Where food pricing gets predictable is when you look at the average cost for a romantic dinner for two. A three-course meal, for two, costs $72.50 in Salt Lake City, but only costs $35 in Ogden. That means you’re paying 52 percent more to eat the same meal in Salt Lake City.

Utah utility prices

Across the state of Utah, you’ll be happy to hear, utility prices are all below the national average. That’s good news for the cost of living in Utah.

  • Provo is 10.9 percent below the national average
  • Ogden is 7.5 percent below the national average
  • Salt Lake City is 7 percent below the national average
  • Cedar City is 2.7 percent below the national average

This means energy bills typically range between $140 and $165 per month, coming from both electricity and alternate energy sources.

Utah transportation prices

Although utility prices are on the lower side when compared to the national average, transportation prices in Utah do the exact opposite. They’re all slightly above.

  • Cedar City is 1.4 percent above the national average
  • Provo is 3.3 percent above the national average
  • Ogden is 4.5 percent above the national average
  • Salt Lake City is 5.9 percent above the national average

Even though Salt Lake City tops the list in cost, it also gets the highest scores when it comes to walkability (67) and bike friendliness (73).

Although it’s easy to get around Salt Lake, and Provo is often considered somewhat walkable itself, living in Utah most likely means you’ll need to either own a car or rely on public transportation (or both.)

The Utah Transit Authority

Stretching well beyond a single city, this network of vehicles really goes the distance. Yes, there are solid transportation networks throughout Utah that cover smaller areas, but the UTA takes the cake. It encompasses Salt Lake City, Ogden and Provo through its commuter rail service.

In Ogden, specifically, UTA buses cover the downtown area, Weber State University and routes to major employment centers. There’s also a ski bus that gets you to Snowbasin and Powder Mountain.

In Salt Lake City, a bevy of buses come regularly, with special routes during rush hour. There are also buses heading up to Snowbird Alta and Solitude Brighton for skiing.

Fares vary based on transportation type. For the local bus or streetcar, a one-way fare is $2.50, and a monthly pass is $85. If you want a premium pass, to have access to all types of transportation UTA offers, except the PC-SLC Connect, you can get a monthly pass for $170.

Utah healthcare prices

Shifting gears to look at healthcare, a tricky area for anyone’s cost of living total, all of our Utah cities fall below the national average.

  • Cedar City is 10.5 percent below the national average
  • Ogden is 9.9 percent below the national average
  • Provo is 8.5 percent below the national average
  • Salt Lake City is 5.7 percent below the national average

Healthcare costs include doctor’s visits, medications, getting your eyes checked and those two annual visits to the dentist each year. Individual prices won’t always align with how overall rank, though. The least expensive city, on average, for a doctor’s visit isn’t Cedar City, but Provo, the only city with a doctor’s visit bill under $100.

Utah goods and services prices

Goods and services are a wide category when it comes to the cost of living in Utah total. All the extras, that maybe don’t feel so extra, fit here. These are things you want but don’t necessarily need, and in Utah, they’re all slightly above what you pay on average.

  • Cedar City is 2.8 percent above the national average
  • Ogden is 4.8 percent above the national average
  • Salt Lake City is 6 percent above the national average
  • Provo is 9.9 percent above the national average

To better understand how these averages impact specific goods and services you might partake in, this chart breaks things down.

Provo may have the highest combined prices, but that isn’t the case for every individual service. A vet visit, for example, will be more in Salt Lake City on average, and a movie ticket is more in Cedar City.

Another key service in this category, with a high price tag, is childcare. Even if you don’t need to use this service now, prices can vary greatly, making it something you might want to think about. For a full-day, private preschool, you’ll pay $362.50 in Cedar City, but $783.33 in Salt Lake City. That’s a 54 percent difference that could easily stretch your budget.

Taxes in Utah

When it comes to taxes, Utah residents pay both individual income tax and sales tax. The income tax rate is 4.85 percent, and the state sales tax rate is 4.85 percent. Localities can then add up to 3.35 percent more onto the sales tax, which means the most you’d pay in any Utah city is 8.2 percent. That means for every $1,000 you spend shopping, $82 goes right to taxes.

None of the cities on our list max out the sales tax.

  • Cedar City has a 6.2 percent sales tax rate
  • Provo has a 7.25 percent sales tax rate
  • Ogden has a 7.25 percent sales tax rate
  • Salt Lake City has a 7.75 percent sales tax rate

At 7.75 percent, when you shop in Salt Lake City and spend $1,000, $77.50 is what you’ll pay solely in taxes.

How much do I need to earn to live in Utah?

To effectively calculate how much you need to earn to afford the cost of living in Utah, and if it will work with your ideal budget, plug in specific numbers to our rent calculator.

For some quick estimating, you can look at how much you need to earn to afford the average rent in the state. Rent should only take 30 percent of your annual income. So, with the average rent in Utah at $1,571, you’d need to make $62,840 per year.

This is highly likely to work out since the average salary in Utah is much higher, at $89,300. That means you’ll not only be fine looking at average-priced places to live but have wiggle room to get something with more amenities (or square footage).

Living in Utah

Utah is growing in population, so there are a lot of people out there, like you, who’re discovering this beautiful place full of activity and opportunity. To really get the ball rolling on deciding if Utah fits your budget, it’s best to look at the cost of living across the state.

Could you afford to live, eat and play in any specific city? If the numbers align, it might be time to start packing those boxes and preparing for a new adventure.

Related articles:

The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of June 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

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Apache is functioning normally

July 31, 2023 by Brett Tams

The growth of megamansions in Bel-Air and other hillside L.A. neighborhoods sparked new city rules over the last decade aimed at stopping overdevelopment.

Now, the city is poised to crack down again on home-building in the hills, this time in the name of preserving wildlife habitats.

A proposed ordinance targets the Santa Monica Mountains between the 405 and 101 freeways, an iconic area crowded with celebrity compounds, modest ranches, public parks and curving roads.

The rules would make it harder to build mansions and additions, as well as bigger homes on steep hillsides. It would add regulations to limit development near open space, protect soil and trees, and consider the pathways of wildlife, such as deer, bobcats or mountain lions.

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Supporters include Councilmembers Nithya Raman and Katy Yaroslavsky, who represent hillside areas; several neighborhood groups and environmental advocates.

Backers cite changing climate, the loss of animal species and the degradation of the hillsides. Wildfires and the recent landslide in Rolling Hills Estates are examples of why the city needs more scrutiny of hillside development, supporters say.

Opponents, who include real estate agents and some homeowners, predict the rules will hurt property values and argue that the hillsides are already built out. Actor and wellness executive Gwyneth Paltrow signed a form letter to the planning department last fall that said the ordinance “burdens homeowners with unnecessary development regulations.”

At the same time, some environmental advocates say the final version of the ordinance was watered down. An earlier requirement for wildlife-friendly fencing so deer could move between lots was scrapped, for instance, after homeowners complained about security.

The proposed law —called the wildlife ordinance — would apply to new homes, additions and major remodels. It passed a key City Hall committee last month and could be taken up by the full City Council before the end of the year.

Paul Edelman of the Santa Monica Mountains Conservancy points out critical wildlife corridors on a map of the Hollywood Hills.

(Brian van der Brug / Los Angeles Times)

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Paul Edelman, deputy director of natural resources and planning at the Santa Monica Mountains Conservancy, described the ordinance as a compromise between the competing interests of homeowners, environmentalists and politicians. The conservancy consulted on the law.

It’s significant that wildlife and habitat would be considered by the planning department, Edelman said. “Before, the city had a blind eye to all of this,” he said.

Then-Councilmember Paul Koretz proposed the ordinance in 2014, envisioning rules that would allow a stretch of land on the side of a home for animals to pass.

The number of deer, in particular, has diminished in some hillside areas, pushed out by construction and traffic, according to environmental groups. A video showing L.A. firefighters helping a deer wedged in a fence illustrates the hazards faced by wildlife.

Other recent high-profile wildlife initiatives include a bridge for animals on the 101 Freeway in Agoura Hills and wildlife corridor rules in Ventura County that seek to concentrate development away from the habitat areas.

As Koretz’s ordinance evolved — it is now in its third version — the proposal incorporated other hillside construction elements being debated at the city’s planning department.

Under the proposed law, a new residence that is 6,000 square feet or larger would require additional review by the city’s planning department. Today, homes that are 17,500 square feet or larger spark such a review.

Planned development within 25 of open space would also need additional review.

The goal is for builders to work with city planners to site their homes, pools and garages in a way that is less harmful to the environment and animals.

The ordinance would also close loopholes in existing hillside construction regulations for single-family homes passed in recent years. It would no longer exempt, for instance, basement space toward the square footage of a property as part of an effort to limit hillside grading. The exemption prompted some homeowners to build massive basements, according to the city.

The proposed ordinance also states that no more than 50% of a lot can be covered by a building or other type of structure. The law counts tennis courts, pools and patios towards lot coverage. Exempt from that rule are R1- or R2-zoned lots.

A statue of a mountain lion outside a home in the Hollywood Hills, where a critical wildlife corridor is threatened by development.

(Brian van der Brug / Los Angeles Times)

In Laurel Canyon, the noise of machinery scraping the earth could be heard on a recent afternoon near Woodstock Road, where nightclub mogul and film producer Victor Drai is putting up a mansion.

Larger homes are now commonplace: The median new primary structure size in 2020 in the proposed wildlife ordinance area was 8,854 square feet, according to the city.

“We’re getting gigantic homes that displace habitat for wildlife,” said Jamie Hall, president of the Laurel Canyon Land Trust, who supports the ordinance. “There is really no regulation on the books that comprehensibly addresses wildlife and habitat.”

The area targeted for the wildlife ordinance totals about 23,000 acres. About 98% of the land parcels in the area are zoned for low-density residential uses, making up 21,000 acres of residential land, according to the planning department.

Environmentalists failed to win some protections for habitat in the ordinance. They wanted smaller homes — of 3,000 square foot or more — to trigger the planning review. Also, a provision to ban development near rivers, streams, lakes and wetlands was scrapped in the final version.

At a hearing last year on the ordinance, city environmental affairs officer Amanda Amaral urged city planning commissioners to add back in some of the wildlife-friendly provisions.

She told the commissioners that scientists estimate that 1 million species will go extinct in the next few decades.

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The city’s “biodiversity team believes that the revised ordinance has been diluted from its original draft as a result of the weakened requirements,” Amaral said.

At another hearing, an opponent of the proposal called council members “communists” and accused them of penalizing taxpayers. “Go work in Russia!” he said.

Alison MacCracken, a real estate agent, said the ordinance would hurt the property values of even modest-sized homes. She owns such a home in upper Bel-Air, she said, but the ordinance would limit how big an addition she could add because her lot is on a slope.

“These are very constrictive regulations on top of other development regulations,” said MacCracken.

Attorney Ben Reznik, who represents some opponents, including MacCracken, sent a letter last month to Planning, Land Use and Management Committee chair Councilmember Marqueece Harris-Dawson and other city representatives that asked for a formal environmental analysis of the wildlife ordinance.

“The reality is, the city has been using wildlife as a mascot for a stricter hillside regulation ordinance, doing so by making it seem as if the ordinance regulates wildlife, when it does not,” Reznik wrote. “This is both misleading to the public, and a clear due process violation.”

Meanwhile, the ordinance is being closely watched in other parts of the city by those who see it as a tool to regulate hillside development.

Elva Yañez, board president of the preservation group Save Elephant Hill on the city’s Eastside, wants the ordinance expanded to all wildlife-rich areas.

“Given where we are at with the climate emergency,” Yañez said, “we should expand these types of policies when we can.”

Source: latimes.com

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Apache is functioning normally

June 17, 2023 by Brett Tams

I’ve lived in a small town for most of my life. The drive home includes steep hills with panoramic views and winding country roads that ramble past ranches and wide-open fields.

But I didn’t always have positive feelings about the country life. In high school, I hated it. All of the action was in the city, where coffee shops, museums, restaurants, and concerts happened. When I moved to the city my freshman year of college, I thought that would be the end of country living — I was finally a city mouse.

As it turned out, after seven years in the city, I did move back. It began as a purely financial decision, and one that, at the time, made me feel a twinge of anxiety. I remember that as my husband and I were packing up our apartment in town to get ready for the move, I had a mini meltdown, asking him, “Are you sure you want to do this? Are you really sure you want to do this?” (He probably thought I was nuts since the whole thing was my idea, but he’s a wise man and kept that to himself, simply saying that yes, he was sure.)

The Move Becomes Permanent

We planned to save money for a down payment on a home, but none of the houses that we viewed were just right. Then one day we happened upon a beautiful lot that was for sale, and we started thinking about the possibilities of building a home. More excited about the prospect of building than we were about any of the homes we had toured, we bought the 4.5-acre lot and have now started the slow process of paying-with-cash home construction.

This bit of background is just to let you know that I don’t view country life as better than city life, or vice versa. Having lived in both places, I see advantages and disadvantages to each, especially when it comes to finances. (There are exceptions to every rule, but for the purposes of this article I’ll make a general comparison between living in a rural town of large ranches and 2-plus acre lots with living in a mid-sized city.)

Advantages of Being a Country Mouse

One of the biggest financial advantages of living in a small town is a lower cost of living. Housing is cheaper, and where I live, the closest parking meter is 40 minutes away. Using CNNMoney’s Cost of Living Calculator, I compared the cost of living in Austin, Texas, population 790,390, with Seguin, Texas, population 25,175. The results were as follows:

  • Groceries will cost 2% more in Seguin
  • Housing will cost 8% less
  • Utilities will cost 6% less
  • Healthcare will cost 3% less

Another benefit I’ve noticed with living in the country is that one is less prone to lifestyle inflation. No one who lives down a gravel road wants to own a BMW. As long as I’ve lived here, I’ve never met “the Joneses,” so there’s zero compulsion to try to keep up with them.

I’ve also found that entertainment and recreation costs are lower — I can’t go to a shopping center, coffeehouse, restaurant, or the movies without a some significant drive time. If I lived around the block from a coffeehouse, I’d probably never make coffee at home. I also really get my money’s worth from my Netflix Watch Instant account.

Country life gives kids plenty of free entertainment, too. As a child, I didn’t have cable TV. I thought it was a drag — my friends would talk about shows on Nickelodeon and I was left out. When I’d launch a campaign to get cable, my dad would tell me to play outside or read a book. I spent hours playing with my best friend next door, hanging out in trees, and shaking hands/paws with the sweetest golden retriever that ever did live — shaking hands was her favorite trick. When I wasn’t doing those things, I was reading a book. (Dad might have refused to pay for 100 TV channels, but he never refused me a book.)

There’s also a certain independence that comes with country living. Homesteading is more likely to be an option, and you’re less likely to run into restrictions. I’ve heard of homeowner’s associations that don’t allow energy-saving tactics like hanging clothes on a clothesline to dry. In the country, you’re free to hang your shorts wherever you please.

Advantages of Being a City Mouse

Living in the country is great for tree-climbing and composting, however, there are some drawbacks. Cities come with more employment opportunities, for example. Many professionals would have to commute to a city to find work. A neurosurgeon won’t find work in a town of 2,400, and it’s just not a possibility for someone who has to commute to the city and be on call.

City life also gives you more options to lower your transportation expenses. Most cities have decent public transportation, and some have excellent public transportation that’s a much better option than driving your own vehicle. Car sharing, biking, and walking are all possibilities, which reduces costs like fuel and wear-and-tear on your vehicle (if you own one).

Finally, if you’re a city mouse, you’ll find it more convenient to network because you live where the action is, meaning you’ll probably do more networking and socializing. Done correctly, networking is a powerful tool that will improve your job prospects. With a wider network of people who live nearby, you’ll also find that it’s easier to have someone pet-sit while you’re in Europe (something very difficult for me to arrange where I live — I pay extra to compensate for the long drive) or give you a ride to work when your car is in the shop. Another example: Even though I know a couple of neighbors very well, it would be a big hassle to ask them for a lift to the airport because that would mean almost a 2-hour round-trip.

For my husband and me, the best living situation is having a home in the country that’s 30 minutes from city life. Sure, the drive can be a pain sometimes, but I feel like we get the small town life with many of the city benefits. Despite the drawbacks, the benefits to being a country mouse sway me more — plus, I really love that I can stand on my porch at night and look up at the Milky Way.

Readers, what have I left out? What are other ways that country life saves money? What about city life?

Source: getrichslowly.org

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Apache is functioning normally

May 26, 2023 by Brett Tams

In 2022, Grammy Award-nominated rapper Nicki Minaj paid a whopping $19.5 million for a big modern farmhouse in the Hidden Hills neighborhood, a guard-gated city in the San Fernando Valley of Los Angeles.

After years of renting mansions across the greater Los Angeles area from Beverly Hills to Malibu, the award-winning rapper has finally purchased her own home to settle in with her two-year-old son and husband Kenny Petty.

The big purchase came just a few weeks after Minaj turned 40, making it the perfect birthday present for the Anaconda hitmaker.

Photo credit: Tinseltown / Shutterstock.com

In fact, the house was listed for sale on December 7, 2022, the day before Nicki’s birthday, which is on December 8. A little over a week later, the deal had already closed, with public records showing that the transaction went through on December 16. This means the rapper got herself a phenomenal $19.5 million birthday present for her 40th!

Nicki Minaj’s new house, according to Dirt.com, is located in the foothills of the Santa Monica Mountains, an area known for its secluded, rural atmosphere despite being only a short drive from Los Angeles.

Hidden Hills was initially a quiet, Kentucky-esque community filled with horse ranches, but recently the neighborhood’s Ferraris and Lamborghinis probably surpasses its horses.

That’s because it has recently become a favorite among professional athletes, musicians, and celebrities who desire residential serenity. The San Fernando Valley area is popular with celebrities such as Madonna, Sylvester Stallone, Jessica Simpson, Will and Jada Pinkett Smith, Lori Loughlin, Ben Simmons, Kim Kardashian, Kylie Jenner, and most of the L.A. Rams’ current roster. 

Lil Wayne, who helped discover the pop star and signed her to his Young Money imprint during the late 2000s, also moved to Hidden Hills back in 2021, when he put down $15 million on a mansion of his own.

Nicki Minaj’s house, a 12,000-square-foot modern farmhouse

Nicki Minaj’s house and pool, seen from the backyard. Photo credit: Redfin / MLS

The sprawling modern farmhouse, which was built in recent years by a local developer, was sold before openly listing on the MLS, according to the realtor’s remarks.

This makes photos and details of Nicki Minaj’s house hard to come across, but tax records show that the nearly 12,000-square-foot residence has eight bedrooms, nine full bathrooms, and two powder rooms.

Related: 12 most expensive rapper houses: Drake, Jay-Z, and Kanye in the lead

The main house has pocketing glass doors that make the space feel larger and maximizes the light flowing into the rooms. These doors lead to various patios and terraces. The upstairs master suite has its own private balcony with views of the spectacular backyard.

In the backyard of the new home, there is a separate guesthouse for hosting friends and family. You’ll also find a spa and poolside cabana providing the perfect place for the celebrity to seek shade while hanging by her saltwater pool.

The Baja shelf ideal for sunbathing, relaxing, or playing with the celebrity and her young family, friends, and loved ones completes the gorgeous and luxurious pool.

The flat lot which encompasses a full acre of land includes a three-car garage, grassy lawns, and significant landscaping which create a truly spectacular architectural feature for privacy. 

Nicki has always enjoyed staying in big houses

The Trinidadian-born rapper is a fan of huge homes. When she was dating Meek Mill, she paid for the couple to live in a $35,000/month Beverly Hills mansion. It was a 10,340-square-foot, eight-bedroom, and 10-bathroom estate in an exclusive gated community.

See also: Cardi B’s House in Atlanta is Pure Old-World Luxury

While we expect them to move to their new place soon, the pop star and her husband, Kenneth Petty currently live in a rental mansion in the City of Calabasas, which you can take a closer look at in the video below:

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The Mediterranean-inspired structure built in the 1990s has six bedrooms and nine bathrooms, and the interiors are covered in luxurious, stylish, and elegant marble floors. 

New home, new music, and exciting new projects on the way too

In addition to purchasing her first home, the singer who released her debut studio album Pink Friday in 2010 announced that she is working on her fifth album.

She says it will take fans back to where it all began — gritty bars and underground MC-type vibes that her Barbz fans have grown to know and love. “I feel like whenever I’m happy, I deliver the best music,” Nicki said recently. “And to deliver the best music for my upcoming album, I need to reconnect with the essence of Hip Hop.”

The rapper has also teased other exciting projects that include an upcoming nail art company and getting back into the TV and film industry. Looks like the generous singer-songwriter is going to be quite busy soon and we’re looking forward to it all. 

More stories you might like

The Promise Land: Rapper Rick Ross’ house is a 109-room beast of a mansionLizzo’s house in Los Angeles, a $15M luxe ‘treehouse’ with a celebrity pastCardi B’s House in Atlanta is Pure Old-World Luxury
See Inside Rapper Polo G’s House, a Stately Mansion Worth $5 Million

Source: fancypantshomes.com

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Apache is functioning normally

May 24, 2023 by Brett Tams

Engel & Völkers announced today the opening of its newest real estate shop in Pagosa Springs, CO. The Source for Pagosa Real Estate will now do business as Engel & Völkers Pagosa Springs under the continued leadership of original founders and luxury specialists Mike and Lauri Heraty, both highly experienced and top-ranked real estate professionals who have served Pagosa Springs for more than two decades. Conveniently located in a historic shop located on Main Street, Engel & Völkers Pagosa Springs serves homebuyers and sellers in Pagosa Springs, Bayfield, and Durango. 

“The western Rocky Mountains have been a strong foundation for our growth in North America,” said Anthony Hitt, president, and CEO, of Engel & Völkers Americas. “Engel & Völkers Pagosa Springs is our 12th shop to open in Colorado, and our continued expansion in the region speaks to its increasing popularity among home seekers, both foreign and domestic. Amidst this growth, it is critical to partner with real estate professionals like Mike and Lauri, who not only bring a deep understanding of the local market but also share our approach to real estate, that is, delivering a concierge-style experience and understanding luxury as something that is distinct and personal to each client.”

Located in the San Juan Mountains, Pagosa Springs is a community offering residents luxury mountain ranches on sprawling acreage, luxury residences, condos for weekend getaways, townhomes, and a variety of development sites. It is home to North America’s largest natural hot springs, as well as Wolf Creek Ski Area, known for getting the most snow in Colorado with an average of 341 inches per year. It is the only small mountain town in the state surrounded by 2,000,000 acres of the San Juan National Forest. This abundance of natural amenities affords residents countless opportunities to enjoy the mountain lifestyle by hiking, rafting, kayaking, biking, skiing, snowshoeing, golfing, fishing, and soaking in the hot springs, as well as playing tennis, pickleball, and more. With warm winters and fabulous summers, the area is easily accessible through the Durango-La Plata Airport and private jet service at Stevens Field.

“We’ve long been known throughout the region for our quality of service,” said Lauri Heraty. “Beyond real estate, we’ve arranged everything for our clients—from architects and top-tier contractors to private chefs, ski instructors, and fly fishing guides—which has set us apart in the market. As our business has evolved and we increasingly work with clients from across the U.S., Europe, and Mexico, we recognized the competitive advantages of partnering with Engel & Völkers, which has the connections, tools, and technology to deliver best-in-class service.”

“In order to grow while continuing to deliver the highest level of service to clients buying or selling today or three years from now, we needed to align with the best in the industry for unparalleled service, global reach, real estate technologies, and brand marketing. That’s exactly what Engel & Völkers offers,” added Mike Heraty. “In partnering with Engel & Völkers, we’re able to synergize years of local experience and market insights with a customer service offering that will exceed anything available in the region.”

For more information, visit pagosasprings.evrealestate.com.

About Engel & Völkers

Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany, in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 275 shop locations with over 6,300 real estate advisors in the Americas, contributing to the brand’s global network of over 16,500 real estate professionals in more than 31 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs, and platforms; as well as access to its global network of real estate professionals, property listings, and market data. Each brokerage is independently owned and operated. For more information, visit www.evrealestate.com.

Find topics in marketing, technology, and social media for realtors, and housing market resources for homeowners. Be sure to subscribe to Digital Age of Real Estate.

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10 Fun Facts About Dallas, TX: How Well Do You Know Your City?

March 13, 2023 by Brett Tams

Unleash the unexpected with these fun facts about Dallas – home to the largest urban arts district, tasty frozen margaritas, and the world-famous Cowboys stadium.

The post 10 Fun Facts About Dallas, TX: How Well Do You Know Your City? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Posted in: Market News, Paying Off Debts Tagged: 2, All, apartment, Architecture, art, artists, big, Blog, business, Buying, chance, city, Convenience, creativity, dallas, dallas cowboys, dining, discover, display, energy, entertaining, Entertainment, estate, event, excellence, experience, Family, Financial Wize, FinancialWize, food, foodie, football, fun, green, history, home, home buying, homes, house, Housing, Housing market, international, items, Learn, legacy, Life, Lifestyle, Living, Local, Local Insights, Luxury, market, military, modern, modern art, More, Moving, museum, new, new york, new york city, offers, opportunity, Original, Other, park, per capita, place, Popular, ranches, reach, ready, Real Estate, real estate tips, Redfin, Redfin.com, renting, renting an apartment, restaurant, restaurants, rich, selling, Showcases, states, texas, time, tips, Transportation, Travel, tv, TV Series, tx, unique, united, united states, wealth

Guide to Buying Rental Properties in St. George, UT

February 22, 2023 by Brett Tams

St. George is a tourist paradise in UT! It’s no wonder that it’s also an investment dream, too. Click here to get a guide on buying a rental in the area.

The post Guide to Buying Rental Properties in St. George, UT appeared first on Homie Blog.

Posted in: Roommate Tips Tagged: 2, agent, All, Amenities, ask, average, before, Blog, Buy, Buying, buying and selling, Census Bureau, Cities, city, cost, Cost of Living, crime, Crisis, decision, dream, Employment, estate, experience, Financial Wize, FinancialWize, future, good, great, growth, guide, home, home buying, Home Sales, homes, homes for sale, Homie, house, Housing, How To, Invest, Investing, investment, investors, job, job market, Las Vegas, Learn, Live, Living, Local, low, low cost of living, Make, market, Marketing, money, More, Move, national parks, natural, new, offers, opportunity, park, percent, place, Professionals, property, pros, Purchase, quality, ranches, rate, Rates, Real Estate, real estate agent, real estate investment, Real Estate Investors, real estate market, Rent, rental, rental homes, rental properties, rental property, Rentals, renter, renters, retirement, return, return on investment, right, running, sales, Saving, schools, seasonal, selling, Seniors, short, skiing, snow, stake, state park, states, target, time, U.S. Census Bureau, Utah, vacation, vacation rentals, vacations, will, work
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