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Wednesday, November 30, 2011

Bits Bucket for November 25, 2011

I wonder if this guy saw the Kill my Landlord poem?

Angry landlord crushed mobile home while tenants fled, deputies report

By HENRY PIERSON CURTIS
Orlando Sentinel

Posted: 6:56 p.m. Thursday, Nov. 24, 2011

Landlord John Miller will miss Thanksgiving at home this year after what may be Central Florida’s first case of eviction rage ending in attempted-murder charges.

Miller remains held without bail in the Orange County Jail after crushing a mobile home with a large front-end loader while a terrified child cowered inside as a woman tried to save her, according to Sheriff’s Office records.

“Good, then I got what I wanted,” Miller, 51, said after deputies told him the roof had collapsed and the small trailer was uninhabitable.

The attack began Tuesday afternoon on West Ponkan Road near Apopka when 911 calls reported the Mount Dora landlord had been chasing his tenants with a front-end loader after destroying their home rather than waiting for them to leave Dec. 1. He previously has been charged with refusing to vaccinate a dog or cat against rabies as well as firing a gun in public, records show.

“When Miller returned, he was driving a yellow front-end loader that the women believed to be a bulldozer,” records state. “Miller drove the front-end loader into the right, front side of the trailer as Michelle and Bonnie screamed for him to stop and telling him the children were inside.”

Valdez paid $150 a week for the trailer and had lived there for four months with her three children, brother and sister-in-law. She said she wasn’t behind in rent but upset Miller’s family earlier this month over the use of a table at a yard sale.

“I’m still in shock. I used to get along with him,” she said Wednesday afternoon. “Yesterday, he liked, turned into the devil.”

When deputies arrived, one aimed an M-16 assault rifle at Miller and ordered him to stop but Miller repeatedly swore at them until they forced him onto the ground and handcuffed him.

After being placed in a patrol car Miller told a deputy, “This is my property and I will bulldoze the whole … place,” records state.

http://www.palmbeachpost.com/news/crime/angry-landlord-crushed-mobile-home-while-tenants-fled-1993263.html?cxtype=rss_news -


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Tuesday, November 22, 2011

Controversies: Michael Moore Widely Slammed For Having a Really Big House

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, November 14, 2011, by Sarah Firshein

Moore_HouseLake.jpg
Photo via The Michigan View

Filmmaker Michael Moore, who was just described by a Village Voice blog as being "giddy with triumphalism over the burgeoning movement [of Occupy Wall Street] that half his remarks were delivered through high, breathy giggles," owns a 10,000-square-foot mansion on Torch Lake on Michigan's Upper Peninsula. It's got a taxable value of nearly $1M and it may be worth twice that. Alas, lots of people are none too pleased.

Conservative blogger Andrew Breitman, led the charges, writing on his blog Big Hollywood: "No one begrudges Moore his wealth, but it is deceitful for him to claim poverty while encouraging class warfare among other Americans." Breitman mentions the fact that the area is considered by locals as the “third most beautiful lake in the world.”

Over on political blog The Michigan View there's this: "But calling Moore's lake property a "home" would be an understatement. This is a manor. A Kennedy compound. An ostentatious, big-foot show of wealth," adding, "Moore's hypocrisy is a perfect fit for a confused Occupy movement that boasts support from Big Labor, millionaire musicians and spoiled Harvard kids."

Concurring is Red Kingman over at Holland, Mich.-based radio station WHTC. In a blog post entitled "So typical of the left," Kingman details his shock at viewing Moore's house photos: "How can this be? Easy, it's how the left operates. They figure that their follers [sic] are morons and that they can tell them anything because the masses will believe it. What other explanation could their be for so many to heed the words of Mr. Moore while he himself is a multi millionaire?"

Finally the Daily Mail, ever the sensationalist, paints this picture: The spacious 10,000 sq ft property is a far cry from the scene of tightly-packed tents near Wall Street in New York City." Plus, a non sequitur: "The township is roughly 98 per cent white residents, according to statistics from 2009."

Meanwhile, fellow one-percenter Russell Simmons has Moore's back. On Friday, the he hip-hop mogul Tweeted, "99.99999 percent are not contributing anything. Thank michael moore kanye jayz 50cemt crosby stills and young for doing something"

· Exclusive Photos: Michael Moore’s Massive Michigan Vacation Mansion Beyond 99 Percent’s Wildest Dreams [Big Hollywood via The Atlantic Wire]
· Occupy Michael Moore: His Opulent Lake House [The Michigan View]
· So Typical Of The Left [WHTC]
· Luxury 99 per cent of Americans can only dream of...Michael Moore's stunning waterfront mansion revealed [Daily Mail]
· @UncleRUSH [Twitter]


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Why This Works: A Drew McGukin-Designed Living Room in Manhattan

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Alexa Stevenson

Welcome to Why This Works, a new Curbed column in which decorator and former shelter-magazine editor Alexa Stevenson looks point-blank at professionally decorated rooms and breaks down the elements that make it work. Have a suggestion for someone whose work should be showcased? Do let us know.

Drew%20McGukin%20UES.jpg
Photo by Brett Beyer

Recently we caught up with NYC-based interior designer Drew McGukin to talk about one of his recent projects in Manhattan. McGukin, a 2010 graduate from The New York School of Interior Design, honed his chops at Matthew Yee Interiors and now practices under his namesake firm. He was also recently selected by The New York Design Center as one of 30 designers set to launch Access to Design, a concierge service that connects consumers to design resources and design professionals.

“When I was introduced to the space, every wooden surface was golden-blonde and the client’s first directive was: make this space more contemporary without touching any of the woodwork," McGukin says of this particular project, a multi-level Upper East Side apartment with an open floor plan and double-height ceilings. "Please note: bird’s-eye maple millwork? The space is a touch complicated, architecturally, but I managed to get rid of the '80s faux-painted walls, refinish the floors, replace a few radiator tops with composite white glass, and paint out some of the millwork. In a perfect world, we would’ve taken it a few steps further, although our result is far and above better than where we started.”

Drew%20Selects%20Numbered.jpg

1. The apartment is blessed with panoramic, west-facing view of the Upper East Side, but the wall over the sofa was dead space. McGukin employed a favorite decorator trick—mirrors—to give it oomph. “The mirrored panels mimic the ribbon glass windows so it appears as there are windows there, as well,” he explains. Additionally, the mirrors reflect the dining room, making the space seem larger.

2. McGukin cut an existing sofa in half to fit the niche in the room. “Taking the sofa wall to wall actually elongates the space while taking advantage of every inch of floor,“ he says.

3. The sconces could have been easily overlooked, but here McGukin "mounted them so you would see them from profile, instead of flat on the wall. This way, they appear like more of a sculptural element than a light source. Plus, hung from profile they maximize the mirror.”

4. Instead of a traditional coffee table, McGukin grouped three metallic tables together. “The hard, chrome glass balances out all that traditional woodwork," he says. "The tables are easy to move, so if you have four people in the room, you can have a cocktail tables at each spot—no problem!”

5. In this space, the living room opens up to the dining, so McGukin used furniture that could easily interact with the other rooms, such as these swivel club chairs. “At any given moment you can talk to the person at the dining table behind you,” he explains. The chairs' rounded, sculptural shape offset the architectural detail and strongly present straight lines. “My favorite detail is the cut-out. It highlights the shape of the chair and the turquoise gives the room a shot of color.”

· Drew McGukin Interiors [official site]
· All Why This Works columns [Curbed National]


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Private Investor Says Don't Enter into Foreclosures Lightly

Published: Friday, 28 Oct 2011 | 2:01 PM ET Foreclosure SignI thought I would share a response to yesterday's blog post on the Obama Administration considering selling Fannie and Freddie's foreclosed properties in bulk to private investors.

Rick Sharga used to work, and speak, for RealtyTrac, a well-known foreclosure sale site and tracker. He recently jumped ship to join Carrington Mortgage Holdings, which does everything from asset management to residential mortgage origination, servicing and property management.

Here's Sharga's take:

"Your post today made its way through our offices pretty quickly, as we’ve been doing REO rentals for several thousand properties in our own portfolio for several years, and as part of Fannie Mae’s Tenant-in-Place program. We’d probably be one of the companies you mentioned who would be interested in buying some of the GSE REO assets and turning them into rental units for some period of time. But it’s not an investment to enter into lightly. 

(*Note: REO's: Real estate-owned properties are those acquired by a lender, whether a bank or the government, after an unsuccessful auction attempt.)

This isn’t the slam dunk success story for investors that some of your sources suggested today. Rental margins can be extremely thin, the probability of success varies wildly from market to market, and an investor who doesn’t understand how the financials work could be in for a rather rude awakening. Managing a large portfolio of properties across the country isn’t exactly a walk in the park either, and there aren’t a lot of companies with the infrastructure to support that sort of initiative right now.

We do think that the idea makes a lot of sense from an overall housing market perspective. Done properly, it will remove a large number of distressed properties from sales inventory (and from the dreaded shadow inventory) which should help to stabilize home prices – and, in some markets, help stabilize rapidly-rising rental rates by adding rental inventory. It would take large sums of capital that are currently on the sidelines, and put them to use, which would be a boon for the economy. It would allow the GSEs to cap their losses on these REOs, and protect the values of their portfolios of performing loans. To your point, it would clear up much of the uncertainty in the housing market today by removing the overhang of distressed properties. And the timing is right, as there appears to be a growing demand for rental housing, while many potential buyers repair their credit, try to save money for a down payment, or just decide to wait out the market before they buy.

It’s not a panacea, but could be one of the best ideas to come along since the foreclosure tsunami hit. We’re just not sure how big a wave of investors we’re likely to see once people actually do the math."

Questions?  Comments?  document.write("");document.write("RealtyCheck"+"@"+"cnbc.com");document.write('');And follow me on Twitter @Diana_Olick

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There Was a Fire in the Fire Place: George Lucas' Skywalker Ranch in the...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, November 9, 2011, by Sally Kuchar

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Renters Week 2011: The Holidays Are Quickly Approaching... Take a Vacation That Doesn't Require a Plane Ticket

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, November 9, 2011, by Sally Kuchar

Vacation rentals: something the greater Bay Area is rich with. And with the holidays quickly approaching, we thought we'd offer up some seriously swoonable vacation rentals that will make you want to get the hell out of town, Thanksgiving or not. Here now, a small sampling of our favorites. As expected, Tahoe listings were plentiful, as were Napa Valley abodes. Let's start with Tahoe.

The really expensive:

megahouse.jpgWhere: West shore of Lake Tahoe
The skinny: This villa's rates are across the map, so choose your dates wisely. Nights start at $2,500 and top out at $8,286. The minimum stay is at least 3 nights in the off season and a week during the busy months. There are nine bedrooms and the entire abode sleeps 18 folks, so if you and 17 of your closest friends would like to crash here while you hit the slopes, you're looking at $973 per person for the week (lowest rate). Property highlights include 12,000 square feet of "glamourous yet relaxed lakefront living;" 145-foot pier with one of the "few cribbed slips on the lake;" full-bar and a "spacious wine cellar and tasting room."

The reasonably priced:

sweeeetcabin.jpgWhere: North Upper Truckee
The skinny: Weeknight rates start at $200 and weekend rates at $500. It can be as high as $700 for the weekend during the Winter. You can nab the place for the week from $1,250 to $1,500. There are four bedrooms but the 2,300 square foot cabin sleeps 10 total. Not a bad rate at all if you and a few of your besties want to take a weekend getaway. We're talking a couple hundred bucks for your own cabin in South Lake Tahoe.

The "we're on a tight budget:"

lilcab.jpgWhere: Heavenly Valley
The skinny: This property's within "walking distance from Heavenly Valley Ski Resort." The cottage has two bedrooms and sleeps six. There's a minimum of a two day stay and the weekly rate is $400. If you want it for the weekend, it'll run you $150 for the whole abode. That's $38 per person for two couples. You can also rent it per week night at $65 per day.

The beautiful Napa Valley

The really expensive:

napapranch.jpgWhere: RustRidge Ranch in St Helena
The skinny: $7,000 for the week or $3,500 for the weekend. This working ranch with a vineyard and a winery on the premise has five bedrooms and sleeps 14. The ranch is located on a lot of six hundred acres of "accessible natural land." You can take a yoga class on the tennis court, a dip in the pool, or a host a picnic under the grapevines.

The opulent and decadent deal:
napaconte.jpgWhere: Napa Valley
The skinny: Peak weekends are $325, midweek is $250, and it's $1,500 for the week. During the holidays, there's a 3 night minimum. The Stoddard house was built in 1898 and has mature gardens, vaulted ceilings and a double parlor. It's a quick drive to St Helena Hwy and just a 10 minute walk up historic First Street to the heart of downtown Napa.


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Monday, November 21, 2011

Staggeringly Expensive Rentals: Over on Curbed National they're looking...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, November 9, 2011, by Sally Kuchar

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University of Michigan Survey of Consumers November 2011 (Preliminary)

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Reminder: Renter Horror Story Polls Open Until Noon EST!: Renters Week 2011 may have come...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, November 14, 2011, by Sarah Firshein

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? Previous: No More White Boxes! Unique Rentals from Around the World

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AM Linkage: There's a Fernet Bike Somewhere; Getting to Know the GLBT Historical Society Archives; More!

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My First Rental: Interior Designer Jonathan Adler on Sleeping in a Nursery

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sarah Firshein

JA-36_crop.jpg"My first rental apartment was kind of a bittersweet affair. It was sweet because I roomed with the most divine girl named Julia, whom I love—she's a really good friend of mine—in a very, very glamorous doorman building on 9th Street between 5th and 6th [avenues in NYC]. The bitter part was that I was sleeping in the nursery, which had baby-blue infant wallpaper with little balloons and elephants, and it was just big enough to fit my full-size—wait for it—futon. So needless to say I couldn't sleep for a year because I was sleeping on a futon but it was a very, very pleasant place to spend sleepless nights staring up at the happy balloons and elephants."

· Jonathan Adler [official site]
· All Renters Week 2011 posts [Curbed National]


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Bits Bucket for November 14, 2011

Almost every song ever written. Make up your own tune.

How a Financial Pro Lost His House

By CARL RICHARDS | New York Times –
Wed, Nov 9, 2011 2:10 PM EST

I felt we could afford around $350,000. We called a real estate agent named Mitch, who had signs on all the bus stops: Talk to Mitch! He picked us up in a gold Jaguar, and suddenly we were looking at houses that listed at $500,000 or more.

It felt a little crazy to be shopping for houses that cost half a million dollars, but my income was growing rapidly. Everywhere I looked, people were being rewarded for buying as much house as they could possibly afford, and then some. There was this excitement in the air, almost like static. I started to think that if I didn’t buy a house right then, I would never be able to afford one.

At moments during our house hunt, I felt in my gut that something wasn’t right. We’d go to open houses for $400,000 homes and see lines of couples in their late 20s — younger than we were — waiting to get inside. I kept wondering where all the money was coming from. How did all these people make so much?

But prices just kept rising, and when people kept buying, that made it seem safer. I knew from my work as a financial adviser that following the crowd could be costly. But like everyone else, I felt safer in a crowd.

The market’s continued strength meant we could borrow even more. It was easy. In late 2004, a year after buying the house, we refinanced our mortgage with World Savings Bank, which later ended up in the hands of Wells Fargo, using one of the pick-a-payment loans that let you choose your own payment each month.

We picked the lowest possible payment, the one that added to our balance each month instead of subtracting from it. And we added a line of credit with Wells Fargo.

But in hindsight it is clear that we were spending more than we should have on things like recreational gear and family trips for ourselves and our four children.

It was extravagant, but it seemed modest compared to what some of our neighbors were doing. Our house was the smallest model in the neighborhood (though at 3,500 square feet it was hardly tiny), and we drove a Chevy and a VW. Cori and I and some of our friends had a lot of conversations comparing our spending habits to those around us. How can so-and-so afford a boat? How are people buying new trucks and four-wheelers and 5,000-square-foot homes? Do they know something we don’t know?

By then, housing prices in Las Vegas were falling quickly, and the bank had cut off our home equity line of credit. We quickly got rid of a car and stopped taking trips. I moved into a smaller workspace and cut back on my administrative and marketing costs. Even so, we found ourselves using credit cards as emergency stopgaps.

Then, the sickness set in. The pain would start in my stomach, and then I’d spend six hours vomiting. It happened once, then three months later it happened again, then one month later it happened yet again. Eventually, it was happening every couple of weeks. The doctors couldn’t find a physical cause.

Because I have a moral obligation, I said. You pay your debts.

He proceeded to explain that I didn’t have a moral obligation to the bank. I had a moral obligation to my family. I had a contractual obligation to the bank, along with a clear moral obligation to be honest in my dealings. What he was asking was this: Which is more important? Your contractual obligation to the bank or your obligation to your family to preserve your ability to make a living?

A bank representative came to the house and met with us. He was such a nice guy. Cori had treated it like an open house, and the place was spotless. The guy said he’d never met anyone more qualified for their short sale program.

Somehow, even in that horrid market, we sold the home for $531,000. That was in late August 2010. In exchange, the lender released us from both our first and second mortgages. Today, Zillow estimates the home’s value at $505,000.

http://finance.yahoo.com/news/financial-pro-lost-house-191003606.html - 195k


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Sunday, November 20, 2011

Recovery-less Recovery: Unemployment Duration October 2011

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ECRI Weekly Leading Index: October 21 2011

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Republican Candidates Give Housing a Short Sale

Shame on the Republican candidates for president. Shame on them for showing up at debate specifically targeting the U.S. economy with not one credible, rational, even reputable notion of what to do about the nation's housing mess. It baffles the mind that this sector of the economy, responsible for about 18 percent of the nation's gross domestic product, is in freefall, and yet eight potential new leaders of this nation not only don't understand the problem but don't have a clue what to do about it.

My favorite, and I write this with as much sarcasm as a computer keyboard will afford, is the argument that the Dodd-Frank financial reform bill is to blame for housing's current despair. Foreclosures, falling home prices, negative equity, nil consumer confidence, record low home building...yep, gotta be Dodd-Frank.

"If the Republican House next week would repeal Dodd-Frank and allow us to put pressure on the Senate to repeal Dodd-Frank, you would see the housing market start to improve overnight," Speaker Newt Gingrich told the crowd in Michigan last night. His reasoning is that, "It kills small banks, it kills small business."

Increased regulation has certainly made the life of a banker today tougher, but the fact that there was zero regulation ten years ago allowed and encouraged reckless behavior on Wall Street. It created the supremely negligent subprime mortgage trading bonanza that brought down big banks, little banks and homeowners alike...and threatened to take down the entire U.S. economy. Were we to do nothing to change that?

And Mr. Gingrich, if I may, how would repealing Dodd-Frank suddenly help the 4 million borrowers behind on their mortgages today and the 2.2 million in the foreclosure process today keep their homes? How would it put a bottom on home prices? Do you honestly believe that it would suddenly open the mortgage markets wide, allow banks to somehow fix all the troubled loans on their books and fuel a gigantic lending spree that would ignite home buying and selling again like the good old days? Is that even what we want??

Let me just finish with Mr. Gingrich's last note, "The banks are actually profiting more by foreclosing than encouraging short sales." That's just flat out wrong. To begin with what bank has ever profited from a foreclosure OR a short sale?

Your Money your Vote - A CNBC Special Report

Industry sources tell me that a short sale nets the bank on average 20 percent more than a foreclosure. Short sales speed up the time frame for disposal of the property as well, as foreclosures can take years to process. During that time, foreclosed borrowers can destroy the property, flushing cement down the toilet and stealing everything in the home that is and isn't nailed down. In a short sale, the homeowner lives in the home until the deal is done, and because they are not getting a huge hit to their credit and being kicked out by a sheriff's deputy, they generally don't destroy the house. In a short sale, the bank knows exactly what it's getting, unlike in a foreclosure when the bank has to take back the house in some unknown condition, market it and re-sell it at an unknown distressed price. 'Nuff said.

My second favorite argument is that it's all Fannie and Freddie's fault, and if we take them down, housing comes back in a flash.

"For these geniuses to give 10 of their top executives bonuses at $12 million and then have the guts to come to the American people and say, 'Give us another $13 billion to bail us out just for the quarter,' that's lunacy," Rep. Michelle Bachmann argued on CNBC last night. "We need to put them back into bankruptcy and get them out of business. They're destroying the housing market."

No question, Fannie Mae and Freddie Mac are bleeding money, costing the taxpayers billions already and potentially billions more in the near future. Something needs to be done to change that, but "bankrupting" Fannie and Freddie would take down the U.S. economy as we know it, and it boggles the mind that a person running for president wouldn't understand that. She in fact noted that Fannie and Freddie support the bulk of the mortgage market. That's true. Without them there would be no lending. Does she think the private market would just come running back in and give the nation's beleaguered borrowers 3.99 percent 30-year fixeds across the board?

Come on.

Only Herman Cain seemed to get that. He argued that we need to fix unemployment first with his various proposals. "Okay. After I did those three things that I outlined, then deal with Fannie Mae and Freddie Mac. You don't start solving a problem right in the middle of it. So we've got to do that first," he reasoned.

Fixing unemployment was the only housing plan the candidates could offer. When CNBC's Maria Bartiromo asked Governor Mitt Romney, "Not one of your 59 points in your economic plan mentions or addresses housing. Can you tell us why?" He responded, "Yes, because it's not a housing plan. It's a jobs plan." I don't love that answer, but at least I can respect it.

"Our friends in Washington today, they say, 'Oh, if we've got a problem in housing, let's let government play a bigger role.' That's the wrong way to go. Let markets work. Help people get back to work. Let them buy homes. You'll see home prices come back up if we allow this market to work," argued Romney.

There are plenty of analysts who agree that the market needs to work itself out, as painful as that may be to average Americans, many of whom are in line to lose their homes. Until the foreclosure mess runs its course, and all those homes are filled with borrowers who can afford them, home prices will not recover, plain and simple, goes the argument.

I'm not saying here that the Obama Administration has done anything particular stellar to stimulate a housing recovery. A small refinance program for underwater borrowers isn't the cure-all, and forcing banks to write down mortgage principal is not politically nor technically feasible. But without some plan, this crisis could go on for a decade, like it did in Japan, as President Clinton noted recently in an interview on MSNBC's Morning Joe.

I'm not saying I have the answer, the great plan to fix our nation's housing crisis. But I'm not running for president.

Questions?  Comments?  document.write("
");document.write("RealtyCheck"+"@"+"cnbc.com");document.write('');And follow me on Twitter @Diana_Olick


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Kansas City Fed Manufacturing Survey: October 2011

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Video Interlude: Watch a Modest 450-Sq-Ft Studio Unfold Into Four Rooms

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, November 14, 2011, by Sarah Firshein

Screen-shot-2011-11-14-at-7.37.51-AM.jpg

Sustainable-design site Fair Companies—they who brought you the 16-year-old who built a 130-square-foot house and the 78-square-foot apartment—is at it again, this time with a 450-square-foot Manhattan studio that was worked up by Normal Projects architects Michael Chen and Kari Andersen, who turned a basic white box into an unfolding, origami-like creation. The duo constructed a blue multi-purpose closet that seemingly eats space but instead affords it, serving as a bedrooms, office, closet, entertaining area, and more. "I spent my first year out of college reaching in Japan, so I think Japanese sensibilities influenced my sense of space a little bit," explains Eric Schneider, the third-grade teacher who lives here. "This kind of works, this compact way—this is very comfortable for me." In total, Schneider spent $70K on renovating the apartment (including an overhaul of the bathroom and kitchen). "How do you get more out of something smaller without having to make big sacrifices?" he muses. "You'd hope that something like this enhances someone's life—that it doesn't just make things less better." Watch the full video tour below.

The Video:

· Tiny origami apartment in Manhattan unfolds into 4 rooms [Fair Companies]


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[1% SpinWatch] Wall Street Bonuses Expected to Fall 20% to 30%

The headlines are screaming today that Wall Street bonuses will be off this year about 20% to 30%. That sounds like a lot, and it is, but its not as much as you would think.

Total compensation for the 1% is something like 40-50% bonus and the rest in salary etc., With the increasing regulatory overlay that Dodd-Frank and other regulations that have brought to Wall Street, the percentage of bonus to total compensation may actually decline (not total compensation).

Most people are reading the press pile-on as a 20% to 30% drop in wages. But its not. There’s a steady stream of blame of this compensation structure as the cause of our economic woes. Certainly some truth to that but not the source of the problem.

The Math

If 50% of compensation is bonus then a 20% to 30% drop in bonus comp is really 10% to 15% drop in total compensation. If 40% of compensation is bonus then the drop is even less.

Translation: Wall Street pay will be down about 10% from last year seems to be a reasonable data point for the 1%.

That may soften the real estate market for the coming year a bit but I am more focused on job retention on the Street.

Compensation is still very near and dear.

Take the Goldman Sachs disclosure last month. Profits plunged 75% but compensation only fell 25% or $292,000 per worker ($540,000 in 2006)

So to repeat. Goldman lost money in the third quarter. It has fewer workers than the same time a year ago because times are tough. But it still found it necessary to allocate a higher portion of revenue for compensation? Come on!

I think I’ve become so cynical about the comp issue and it’s implied impact on the New York City housing market because any negative news such as bonuses or layoffs always seemed to turn out far less damaging than screaming headlines suggest. They are a key economic engine for New York City and yet we don’t really have a grasp on how they are really doing.


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Saturday, November 19, 2011

Radar Watching: September 2011

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Bits Bucket for November 11, 2011

“there was no (CRA) law forcing or even encouraging banks to make shaky loans…..(And) 84 percent of subprime mortgages were written by private, totally unregulated lenders.”

Yes, it is Wall Street’s fault

Bloomberg joins Republicans in claiming Congress “forced” banks to give bad loans. Don’t buy the propaganda

http://www.salon.com/2011/11/10/yes_it_is_wall_streets_fault/

…Maybe some “resident scholar” at the American Enterprise Institute, or another of the comfortable Washington think tanks devoted to keeping Scrooge McDuck’s bullion pool topped-up, can teach us how things got so upside-down. Because under normal circumstances, the national motto is neither “E Pluribus Unum” nor “In God We Trust.” It’s “Money Talks.”

Money was talking big-time last week. Clearly annoyed by the unkempt ragamuffins of Occupy Wall Street, New York’s dapper billionaire Mayor Michael Bloomberg delivered himself of a conspiracy theory so absurd that it had previously been confined to such dark corners of American life as the Rush Limbaugh and Sean Hannity programs and the Wall Street Journal editorial page.

“I hear (OWS’s) complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress, who forced everybody to go and give mortgages to people who were on the cusp. … (T)hey were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. … And now we want to go vilify the banks because it’s one target, it’s easy to blame them and Congress certainly isn’t going to blame themselves.”

Actually, “annoyed” is too mild to describe a sophisticated Wall Street player like Bloomberg resorting to such a crude and poisonous political lie. He can’t possibly believe it. For all its ragtag, hippie-dippie aspects, Occupy Wall Street must have people at Manhattan’s most elegant dinner parties running scared.

First, there was no law forcing or even encouraging banks to make shaky loans. The Community Reinvestment Act merely required FDIC-insured institutions to apply the same standards to all borrowers — i.e. no more “redlining.” It worked fine for many years.

Second, the law applied only to retail banks, never to Wall Street investment houses or mortgage companies like Countrywide that led the 2007 meltdown. As the housing bubble fully inflated in 2006, 84 percent of subprime mortgages were written by private, totally unregulated lenders.

Is this the place to mention that Fannie and Freddie, the quasi-governmental mortgage underwriting companies, don’t actually make loans — as Bloomberg also surely knows? Did they buy worthless mortgage-backed securities along with other victimized investors? Yes, but too little and too late to have caused the crisis….

Rolling Stone’s financial MVP Matt Taibbi reminds us how the whole scam worked. “Bank A (let’s say it’s Goldman Sachs) lends criminal enterprise B (let’s say it’s Countrywide) a billion dollars. Countrywide then … creates a billion dollars of shoddy home loans, committing any and all kinds of fraud along the way in an effort to produce as many loans as quickly as possible, very often putting people who shouldn’t have gotten homes into homes, faking their income levels, their credit scores, etc.

“Goldman then buys back those loans from Countrywide, places them in an offshore trust, and chops them up into securities. … They then go out on the open market and sell those securities to various big customers — pension funds, foreign trade unions, hedge funds,” etc.

And no, President George W. Bush, busy promoting what he called “the ownership society” did nothing to restrain the action. Somebody named Bush discipline Wall Street? Get real. Even if he had, there wouldn’t have been anything a minority congressman like Barney Frank — whose actual views are almost the opposite of how Limbaugh describes them — could have done to stop him.

Then there are “resident scholars” like AEI’s Peter Wallison. Today, this guy composes tracts indicting government folly. In 2004, though, he wrote chiding federal bureaucrats for lagging behind the exciting new world of subprime lending. “Study after study,” he wrote, “has shown that Fannie Mae and Freddie Mac are failing to do even as much as banks and S&Ls in providing financing for affordable housing, including minority and low income housing.” That’s money. Talking.


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James Franco Summons the Dead for New Art Site Paddle8 Design News 11.14.11

paddle82.pngPaddle 8, a new multi-faceted site specializing in bringing cultural figures together to participate as guest curators and provide a digital marketplace for acquiring art recently launched online. Yesterday, we were on hand for one of their first ventures—Three Plays in Seach of Tennessee. Find out how to see it yourself, after the jump.

1James FrancoLaurel Nakadate.jpg
This bizarre and hilarious three-act performance piece starred James Franco and video artist Laurel Nakadate performing a seance to wake playwright Tennessee Williams' spirit and other creative explorations of his famous works. Catch the video stream of yesterday's performance at noon today on Paddle8.

Images: Courtesy of the artists


View the original article here

Craigslist Power Hour: Wading Through Craigslist with Your Dog and Cat

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Anna Marie

04-the-good-the-bad-and-the-ugly.jpgWe already know renting with pets adds time, money, and stress to the life of a San Francisco tenant. But did we know that pet friendly rentals on Craigslist are great for decompression? Alternately hilarious, ridiculous, and occasionally quite comforting, these ads offer hours of fun for you and your pets. We’ve picked a few for your enjoyment and organized them as follows:

The Good:

The General’s House in the Presidio (Pope and Upton)

pict_6640_0.jpgYes, the rent ($13,250) makes you gag, but then you see the place, and you start salivating. It’s disconcerting, we know, but our advice: Divide up the each bedroom, rent out part of the living room, do whatever it takes with as many roommates as needed to dial this in. You get not only the historic Georgian Revival General’s house (So you can say, with complete honesty, “We live in the General’s House. Come over for a party!”), you get 4 levels of it, 7 bedrooms of it, 4.5 baths of it. And you get the Presidio. Your pets strongly approve.

The Bad:

191746_6326185_4286305575.JPG255 King Street: The Avalon at Mission Bay

This ad’s listed as “$3155 / 1br - Group Exercise Classes San Francisco (SOMA).” We call this one bad because A) the price and b) the title. Our dog, reading over our shoulder, ventured the following response: “Geez, those are expensive exercise classes.” Sure, they come with a 1 bedroom apartment in the Avalon building, but still. We find it hard to believe anyone with a pet that’s not actively contributing to the family income can swing that much dough. And P.S.: Pets like yards and parks, not granite counter-tops and in-house health clubs.


The Ugly:

500740_p42.jpg650 Ellis Street: Ellis Street Apartments

Not only is this part of the city fairly unattractive, the unit itself, a studio for $1295, seems sized for a 2-dimensional figure, a cartoon someone whose pets, ala Garfield and Snoopy, take up no actual space. Also one of this pad’s listed features is “NO VIEW,” an advertising decision that seems to confirm our point about the aesthetics of the Ellis between Larkin and Hyde. Worst bit of all: breed restrictions on dogs. Come one, now, ‘Loin ‘lords! If there’s one neighborhood having a pit bull would be helpful, it’s this one.

·The General's House [Craigslist]
· Avalon Mission Bay [Craigslist]
·650 Ellis Street/Ellis Street Apartments [Craigslist]
·Pet Owners of SF, Ye too Shall Rent [CurbedSF]


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Renters Week 2011: Crazy, Tragic, and/or Outrageous Landlord-Tenant Feuds

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Rob Bear

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On paper, landlords and tenants have plenty to disagree about. In the real world, those disagreements sometimes escalate to horrific levels. Next time you think about holding a grudge against a landlord or tenant take a look at these ultimate horror stories and think again:

1. ? If you happen to live in China, good luck. Preventing a developer from evicting tenants to make way for a new project in Shenzhen seemed like a good idea, until the Shenzhen Luosha Engineering Development Co. dumped more than 100 pounds of stinging scorpions on the property. According to the Shanghai Daily,

"A resident surnamed Chen woke up early Monday morning and discovered a scorpion crawling on his body. Chen turned on the light and was astonished to see the bedroom full of scorpions, which have a poisonous sting, local news portal Southcn.com reported yesterday. Chen woke up his family and together they captured several hundred scorpions in his apartment."

2. Meanwhile, in Corralitos, Calif., a small town just inland from Santa Cruz, a 53-year-old landlord had been attempting to evict a couple and even shut off their water supply in order to force them out. That had little impact, in part because the couple was using a hose to siphon water from the landlord's house. When said landlord went to confront the two, who both have records of drug arrest, the duo sicced a pair of pit bulls on him; he was bitten repeatedly before breaking free, only to have one of the tenants hurl a lawn chair at his head. Not surprisingly, both the dogs and their owners ended up in lockup.

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Photo: Anthony DelMundo/New York Daily News
3. ? In the past few years, several similarly bitter feuds have tragically resulted in death. Just last week, a Queens, N.Y. mother of four was killed by her machete-wielding landlord, who turned the blade on himself before police arrived. The incident was apparently sparked by a dispute over rent: some witnesses say the landlord was refusing to take the rent in a bid to evict, while others say the tenant simply refused to pay or move.

4. Also in the realm of the horrific: last year, in Brooklyn, N.Y., an opinionated tenant was gunned down by her landlord, who had previously fired on the victim's nephew and had also threatened to kill the tenant. The tenant, Patricia Wilson, was known in the neighborhood as "a town crier who saw everything and never shrank from a fight." According to a report by the New York Times,

"Neighbors said Ms. Wilson, angered over the new landlord’s failure to maintain the property, stopped paying rent. The two also fought over an episode last year when [the landlord's] boyfriend apparently tried to abandon a 55-gallon drum containing fuel near the home of the neighbor named George."

· Scorpions on the loose in Shenzhen [Shanghai Daily]
· Renters Unleash Pit Bulls On Landlord [Patch]
· Queens landlord-tenant fight ends in murder-suicide by machete [NYDN]
· On a Brooklyn Street, a Simmering Feud and a Violent Death [NYT]
· All Renter's Week 2011 posts [Curbed National]


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Friday, November 18, 2011

Full Time Workers Fully Under Pressure: October 2011

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On the Market: Mission Dolores Penthouse Gets the "Location, Location, Location" Stamp

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sally Kuchar Are you a wealthy hipster who's currently seeking shelter? Then we have a listing for you. Unit #3 at 870 Church is a 3-bed, 2-bath, 1,600-square-foot penthouse that has an "enormous" view deck that overlooks Dolores Park, which is a mere block away. Asking price? A cool $1,195,000. The kitchen was recently remodeled and features all the shiny and new stainless steel appliances you could ever ask for. There's 1-car parking in the garage and monthly HOA dues are $425.
· 870 Church, #3 [Redfin]

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Renters Week 2011: No More White Boxes! Unique Rentals from Around the World

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Rob Bear

Most people make their housing choices based on practical concerns—expense, schools, and the like—so on vacation it might be nice to go with something a little off-the-wall to break from the norm. Agree? Well do we have some delightfully oddball rentals for you, starting with this treehouse nestled in the olive groves of Arlena Di Castro, Italy. Trading in the traditional rope ladder for a gracefully-curved stairway, this treehouse delivers its childish fantasy with a dose of grown-up luxury. There's space on the balcony to take breakfast, full electricity, and a cozy double bedroom for $458 per night.

? For landlubbers, this houseboat, the M.S. Luctor, in Amsterdam offers the feel of a seafaring adventure but without the seasickness. Moored to the cobblestone streets of the Dutch capital, this barge has compact rooms that rent for a little less than $200 per night, but according to a couple of recent visitor from Germany you'll get a lot for that sum. They wrote, "Heaven, your name is Luctor." Gotta love the hyperbole.

? Back in the States, this concrete structure in Vermont is one of the oddest rentals on the market. Designed by architect and sculptor David Sellers, this award-winning, bunker-like building has a disjointed floor plan but one super cool feature that's worth the $500 nightly rate alone: a heated swimming pool just one misstep from the living room. Oh and we have no explanation for the posed model shots from the rental listing.

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? We already visited Greenland this week for its sheer remoteness, but this time we're returning for something just downright weird. Adjacent to a hotel in Ilulissat, this cluster of aluminum yurt-like structures is set to accept the most adventurous of tourists. As if going to Greenland wasn't enough! A night in one of these metal igloos will run $337, but they're only available from May to October.

? So we said no more white boxes, but we said nothing about white hemispheres. In Chile, one of these domed tents rents for a reasonable $130 per night, and for those prices the services sound awesome. According to the listing, "services are focused on sky wealth," whatever that is, and include "specialized astronomic tours and nighttime horse rides." Count us in!

· The Suite on the Oak [Airbnb]
· Houseboat in Canal District [Airbnb]
· Architect designed "Archie Bunker" [Airbnb]
· Here, Now, Some Far Flung Rentals for the Adventurous [Curbed National]
· Igloo [Airbnb]
· ElquiDomos Astronomic hotel [Airbnb]
· All Renters Week 2011 posts [Curbed National]


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Reading Rates: MBA Application Survey – November 02 2011

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Horror Stories: Vote For the Worst Renter Horror Story in SF

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sally Kuchar

2011_1_horror.jpgIn honor of Curbed's Renters Week, we shared three of the most horrifying renter horror stories with you. But whose San Francisco horror story is the worst? Lovely readers, it's time to vote. This poll will be open for 24 hours; voting irregularities will be strictly policed. The winner of this poll will advance to the national round, and have a shot at winning a free month's rent (up to $2,500- sorry 1%ers!). Cast your vote after the jump. But first, a quick recap.

Renter Horror Story #1: Bernal Heights Rental Came With Mice, Layers of Sawdust

"A shared bathroom (in between two rooms) that was the size of a closet and was complete with plywood doors meaning you could hear?everything that went on inside including the aftermath of your?roommates hookup's late night burrito feast, immediately following a?lengthy round of loud intercourse."

Renter Horror Story #2: Noe Valley Apartment Comes With Unmentioned Mold Infestation (complete with photos)

"After a couple of days of living there I was waking up with a sore throat and the dog was waking up swallowing really hard, something he doesn't do. I also noticed that the towels didn't dry, and when I hung the shower curtain on the wall to protect the sheetrock crumbled in my hand. Hmmm."

Renter Horror Story #3: One Bedroom Apartment is "One Event Away From a Major Fire"

"Two days before the wedding, with my grandparents' flight due to land at SFO in an hour, we lose power and begin to smell smoke. I try to replace the fuse, but it blows. I go through three more fuses and they all blow, too. A call to everyone's favorite landlord, and he's there in a few hours with his handyman #1. HM #1 looks at our old knob-and-tube wiring and says that the whole place needs to be re-wired. It's one event away from a major fire. He says we'll need to move out for about two weeks while he drills in through the ceiling and installs all new wiring. Our landlord insists we can live through it. "Just move all of your stuff away from the ceiling," he says."

Time to vote:


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Chris March Talks About Architecture: UnBeige sits down with couture designer...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sarah Firshein

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Best of our Blogs: Oct 31-Nov 4

It’s starting to get chilly outside, well at least it is here in San Francisco. No doubt the rest of the nation has already ransacked the winter clothes box stashed in the attic. With many of us spending more time sitting by the fireplace (hopefully), it’s a great time to catch up on the Best of our Blogs from this week.

Popularity: 1% [?]


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Thursday, November 17, 2011

NYC's Priciest Rental: According to Streeteasy, the most expensive...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sarah Firshein

? Back to top

? Previous: Artist Creates 3D "Toile de Jouy" Out of Porcelain Sculptures

? Next: Crazy, Tragic, and/or Outrageous Landlord-Tenant Feuds


View the original article here

Rental Week 2011: Eye Rolls Ahead: Made-Up Neighborhood Names Aren't Just for Buying and Selling Real Estate

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, November 9, 2011, by Abby Pontzer

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If you start to dry heave when you see "NOPA" instead of Western Addition, you may want to stop reading now. Made up neighborhoods, and their euphemistic brethren micro-hoods, aren't just for real estate listings anymore: you'll find them in the rental market as well. Here are a few we've seen recently, and where they purport to be.

We'll start with one that we came across just last night: "The Gastro." Presumably due to its proximity to gourmet heavy-hitters like Bi-Rite Market, Tartine Bakery, and Defina, this stretch of 16th and Guerrero got an un-Mission-ified name. What's so wrong with labelling an apartment in the Mission or Mission Dolores? Did we miss the memo that even the Mission isn't hip enough for the upwardly-mobile set?

Speaking of the Mission, we also found an area near 20th and Shotwell renamed the "Shotwell Corridor." As much as names like Valencia Corridor or Divis Corridor make us cringe, at least they are linked to major commercial streets with lots of stuff going on! Other than Shotwell's (which is technically on 20th) this is a pretty quiet, residential street. A street we very much like, in fact!

And closer to home (for us, anyway) we stumbled upon a apartment around Oak and Webster. The neighborhood is somewhere between the Lower Haight and Hayes Valley, but you can imagine our surprise when one intrepid landlord renamed it "Zen Valley." Yes, around the block where a dead body was burned in a car earlier this year. Zen indeed. Though, to be fair, Samovar Tea Lounge seems to be into the name, so maybe it will become a thing. We hope not.

We're sure there are other examples of creative license out there. While the city is an ever-changing place, one thing will stay the same: curmudgeons who will want the neighborhood maps to stay the same as 1906 and those who insist on calling each block by a different name. What do you think, dear readers? Does a microhood by any other name smell as sweet? Which nabes are you into renaming these days?
· Renters Week 2011 [Curbed]
· SoMissPo Lands on Google Maps [Curbed SF]


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sponsored post: Last Chance to Win The Perfect Holiday Table!

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Cristina Cerullo Curbed_HolidayR2b-Flutes.jpg
Who wants to cook for Thanksgiving when you can book a table for you and the in-laws at the bistro around the corner? Or better yet, order in Chinese? If you win Eater's holiday table giveaway, you will. Let us entice you into the kitchen with the full hookup:

• A $500 gift card for the winner (plus a $250 gift card for the winner’s guest!) to One Kings Lane, the elegant members-only online sales site that offers top-brand home décor, gifts & entertaining accessories at up to 70% off.
• Tabletop pieces hand selected by One Kings Lane's Kitchen Buyer.
• Customized design advice and entertaining tips from One Kings Lane stylists.
• A private cooking lesson from Joey Campanaro, world renowned chef of NYC’s Little Owl and Little Owl - The Venue, and owner of Market Table.
• A $400 gift card to Whole Foods.
• A KitchenAid® 13-cup Food Processor, 7-qt. Stand Mixer and 5-Speed Hand Blender for you and a friend.
• A 2-night hotel stay in NYC.
• $800 towards travel to NYC.

Congratulations, you're about to become the favorite child!

Standard contest rules apply.


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Artistry: Artist Creates 3D "Toile de Jouy" Out of Porcelain Sculptures

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sarah Firshein

photo.jpg
Photo by Curbed NY editor Kelsey Keith

Last night Curbed NY editor Kelsey Keith stopped by the Pavilion of Art and Design at the Park Avenue Armory in NYC and snapped the above photo of a toile de jouy "wallpaper" created by ceramicist Beth Katleman. In fact, "Folly," as the piece is called, consists of hand-done porcelain sculptures of, as the Times points out, "elves and Barbies in lieu of frolicking aristocrats." Unbelievable.

· A Globetrotting Display With American Flair [NYT]


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Graham's "Moroccan Zen" Room Room for Color 2011

colorbadge.jpgNAME: Graham
LOCATION: West Hollywood, Calfornia
COLOR INSPIRATION: The artwork about the dresser. It's an image I had in my head for a while and I knew I wanted the room to complement it so I needed colors that wouldn't fight with it…

• GO TO GRAHAM'S ENTRY PAGE AND ADD IT TO YOUR FAVORITES

Visit the entry page to view all five photos, get tips on how to use color, make a comment, select the room as a favorite and share on Facebook and Twitter. The rooms with the greatest number of favorites in each division at the end of the initial round go on to the finals. You can choose as many rooms as you like as favorites, so be sure to check back each day for all the new entries — the more favorites you find, the better!

• GO TO GRAHAM'S ENTRY PAGE AND ADD IT TO YOUR FAVORITES

VISIT THE ROOM FOR COLOR CONTEST PAGE


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Wednesday, November 16, 2011

Lifestyles of the Rich and Richer: Over on Curbed Hamptons they're talking...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sarah Firshein

? Back to top

? Previous: Website of the Day: The Karen & Ellen Letters

? Next: Design Trends; Entertaining History; Cultural Icons; More!


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10 Swell Gifts for Vintage Lovers

Need the perfect gift for your midcentury design-obsessed best friend? Your environmentally-conscious boyfriend? The godmother who has vintage mugs cheerfully lined up on her kitchen shelf? Look no further — here are 10 great finds for the vintage enthusiasts on your list.

An adorable, movable, Danish moose for your best friend. $42 at Junk House. Muted, geometric-patterned Hornsea jugs for your always hip roommate. Approximately $20 at ER Collectables. A Perrin camera bag for the brother who collects vintage cameras. $18 at NoWorseForWear. A gorgeous splurge for your wine collecting sweetheart. Paul McCobb wine rack, available at 1st Dibs. This Finel Kaj Franck bowl is perfect for your mom's newly redone kitchen. $95 at Junk House. A surprisingly trendy canteen to display or use as a hanging vase. $15 at KissaVintageDesign. A bright Mercedes typewriter for your equally sunny girlfriend. Approximately $190 at FreudenDesLebens. Fill this sweet French saucepan with homemade treats and it will also make a great hostess gift. $18 at HavenVintage. Pair this pretty Eva Zeisel creamer with gourmet coffee for your friend who just started law school. Starting bid $32.89 at Ebay. Brass geese fly across these artful Curtis Jere sculptures. $110 at The White Pepper.


Images: As linked above.


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Renters Week 2011: Architectural Rental Round-Up: Midcentury Modern Edition

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Rob Bear

From the outside, the house doesn't look much like something we'd typically call "midcentury modern," but the stone structure, located in Newton, Mass., was built in 1948 by the esteemed Bauhaus architect and theorist Walter Gropius. It doesn't get much better than that! But wait, what's this?! At some point over the past 63 years a horrendous glass pavilion was tacked onto the back of the house as a "recreation area," containing both an indoor swimming pool and a billiards table. This would have Gropius rolling over in his grave, and it'll have whomever rents the place—for $18,000 per month, no less—wishing that they'd purchased instead. If only to have the right to tear down that abomination of an addition.

? Southern California is rife with brilliantly restored midcentury homes, but sadly, it seems the bulk of them are owned and occupied by the same people that renovated. This 1961 construction in La Jolla, Calif. might be lacking in curb appeal, but one can't fault it on authenticity. It looks like it hasn't been touched or modified in 50 years, for better or worse. In 2011, it's listed for $2,990 per month.

? Inland from La Jolla, Palm Springs, Calif. has long been known as an excellent hunting ground for midcentury gems. This 3,000-square-foot, four-bed rental might do well to trade on that reputation more than its own architecture. Luckily, the $5,600-a-month property has the necessary swimming pool and is located in the ritzy Old Las Palmas neighborhood.

? All told, this Seattle, Wash. property ends up looking like a normal ranch house with owners who have decided to decorate the place like it was a van der Rohe. Some of the rooms, like the wood-paneled library, are convincing, but the exterior leaves a lot to be desired, especially given the rent, $3,500 per month.

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? This $12,000 per month midcentury in Miami Beach, Fla. doesn't need much work—well, it could use some new photos—but condition isn't everything. Granted, the furnishings probably don't come along with a lease, but they don't quite jive with the sleek bones of the house. Still, it's the best yet, especially with the huge glass doors that open onto the lush patio and swimming pool.

· 30 The Ledges [Zillow]
· 934 La Jolla Rancho Road [Zillow]
· Old Las Palmas [Zillow]
· 6023 NE Keswick Drive [Zillow]
· 6620 Windsor Ln [Zillow]
· All Renters Week 2011 posts [Curbed National]


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Rentals For the Adventurous: Over on Curbed National they're looking...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sally Kuchar

? Back to top

? Previous: Mission Dolores Penthouse Gets the "Location, Location, Location" Stamp


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SFMOMA Expansion : Planning Commission approves SFMOMA Expansion

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Alex Bevk

Sn%C3%B8hetta.jpg[Rendering via Snøhetta]

This afternoon the Planning Commission debated the Certification of Final Environmental Impact Report for the SFMOMA Expansion by Norwegian firm Snøhetta. The project expands the existing SFMOMA (with a 200-foot-tall, 230,000-square-foot addition) and demos-and-relocates Fire Station No. 1 from 676 Howard Street to a new building at 935 Folsom Street. First up, since it was the final certification of the (very long) EIR, public comment was kept short, and it was certified.

soma%20expansion.jpgNext, the commish had to approve a thousand technical bits, including adopting the findings under CEQA, find the project consistent with the General Plan, amend the General Plan, and rezone the sites. Public comment was all super positive for the project. Even Commissioner Moore commented on how unusual it was that there wasn't opposition. The only real beef was from the owners of the W Hotel, who are concerned about vehicle and maintenance access to their building. Commissioners said too bad to the W, the museum is going to be a major thumbs-up for the nabe and the city, and unanimously approved all the items, sending the project on to the Board of Supes for final approval.
· SFMOMA: The Shape of Things to Come on Third Street [Curbed SF]
· San Francisco Museum of Modern Art Expansion / Fire Station Relocation and Housing Project [SF Planning Dept]
· SFMOMA Picks Snøhetta for $250M Expansion Design [Curbed SF]


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On the Market: This is What a Multi-Million Dollar Remodel Looks Like (It Can Be Yours For $6,995,000)

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sally Kuchar 2513 Pacific is a prime piece of residential real estate tail. The "classic Queen Anne Meets 21st Century" abode is located on a "great block" of Pacific. We're going to agree. The 5-bed, 5-bath home was purchased in early 2006 for $3,425,000, and recently underwent a complete renovation and seismic upgrade by Regan Bice Architects and Ryan Construction. Take a peep at the photo gallery above, and it becomes very clear that no surface was left untouched and no expense was spared. The property just landed on the market today with an asking price of $6,995,000. What say you, dear readers? Think it'll sell for asking?
· 2513 Pacific [Redfin]

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Tuesday, November 15, 2011

Day 16: Clean One Room The 20/20 Home Cure

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2020mini-banner.jpg
• Watch the short video above
• Read the full post & comment below
20/20 Cure Home Page: Signup & All Videos


Hello! We're into the final stretch. It's our last week and our last 20 minute room clean (unless you do more this week) and I've chosen our bathroom for today's video. I've thrown in a few tips and - close to my heart - there's an aside on cleaning with children.

So let's put on our cleaning shoes and go for it!

On Truly Learning How To Clean Your Home
One Small Chore to Help You Master Daily Cleaning
How Do You Make Cleaning Less Of A Chore?
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Tiny Houses: Those sharp-eyed guys over at Co.Design...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sarah Firshein

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Horror Stories: Disgusting Mold Infestation Is San Francisco's Best (Worst?) Renter Horror Story

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, November 11, 2011, by Sally Kuchar

2011_1_horror.jpgDing, ding, ding! We have a winner for Curbed SF's Renter Horror Story contest. Noe Valley Apartment Comes With Unmentioned Mold Infestation is a tale of a lady and her dog who move into a "janky" apartment in Noe Valley that had potential for awesomeness. As the writer puts it, "I can paint janky." But as time wore on and towels didn't dry and sheetrock crumbled upon touch, the renter feared that maybe her apartment needed more than a paint job. After some investigating (looking under a plastic and wood slat dropped ceiling), she stumbled onto a complete mold infestation. Her story's here, and yes, there are pictures. You've been warned. Now SF's best horror story advances to the national competition, where it has a chance at winning a free month's rent (up to $2,500). Congrats to our winner!
· Vote For the Worst Renter Horror Story in SF [Curbed SF]
· Noe Valley Apartment Comes With Unmentioned Mold Infestation [Curbed SF]


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Renters Week 2011: Polls Open: Vote For the Worst Renter Horror Story NOW!

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, November 10, 2011, by Sarah Firshein

coupon_free_rent1.jpg

At the tail beginning of the Renters Week 2011 hullabaloo, we implored Curbed readers to send their goriest Renter Horror Stories with brighter, rent-free days ahead promised to the person with the best tale to tell. We published the two finalists yesterday—Mandy in Cuyahoga Falls, Ohio, and Chelsea, in Syracuse, N.Y.—and now it's up to you to decide which of these lasses is in the running for one gloriously rent-free month—the winner will face the winner of all the city-site polls (concurrently running) right here on Curbed National tomorrow. Editor's Note: This poll will be open for 24 hours and voting irregularities will be strictly policed.

Here again, the semifinalists:

Renter Horror Story 1: Cockroach, Mice, and Wolf Spiders [link]
SNIPPET: "Yes, those were WASPS living in the wall right outside said balcony door. And giant wolf spiders stringing their webs over our BBQ and balcony furniure, rendering the lake view unenjoyable. Then those spiders found their way indoors. How? We never did find out. Plus [...] I found cockroaches under our kitchen sink. The last straw was the mice. I stored our cat's food under the kitchen sink. One evening I reached for a bag, tipped it over the pet food dish and out tumbled two mice."

Renter Horror Story 2: Bedbugs Ignored For Three Months [link]
SNIPPET: "It turns out, EVERY BUILDING in the complex is infested. [...] The landlord refused to pay for the extermination, and told us if we refused to pay the $1,400, we would be evicted. Livid, my boyfriend and I called the health department (who said they could not help us) and the town code enforcer, who, as it turns out, was friends with the landlord. The property manager’s husband, who is head of maintenance, got into a verbal altercation with my boyfriend, calling him a liar because the exterminator only found one bug in our place. We had bed bugs for three months. "


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