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Richard B. Levine/Levine Roberts via ZUMA Press/TNS

Pension funds invest in private credit. What are these high risk, high reward loans?

Consumer / Home and Consumer News /

When the economy is good, predictions for the next downturn abound: when it will start, what will cause it and who stands to lose.

This time around, Wall Street-watchers are warning about private credit, a high-risk, high-reward debt market that shuttles billions of dollars beyond the constraints of traditional banking.

Defaults on these risky...Read more

Robert Gauthier/Los Angeles Times/TNS

Buyer for Oceanwide Plaza's infamous graffitied towers emerges

Consumer / Home and Consumer News /

A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles — a Riverside County developer who intends to finish the stalled $1.2-billion project.

The proposed buyer of the residential, hotel and retail project in bankruptcy proceedings is a partnership led by Kali P. Chaudhuri, whose KPC Development Co. owns and ...Read more

Katy Kildee/The Detroit News/TNS

Rents are rising fast in Michigan's mid-size cities. Here's why

Consumer / Home and Consumer News /

Michiganians looking to escape high rents in the state’s biggest cities might have a hard time this year, even in metro areas that have historically been affordable.

The cost of rent in mid-market areas like Lansing and Battle Creek has risen much faster than in Detroit or Grand Rapids over the last few years, according to data compiled by ...Read more

Everyday Cheapskate: Homemade Febreze? I Tried It So You Don't Have To.

Consumer / Everyday Cheapskate /

Every so often, a reader sends me a message that begins with, "Mary, have you heard about this?" That's usually followed by a link, a whisper of thriftiness, and a promise that the solution will both cost less than pocket change and change my life forever.

This time, it was homemade good ol' basic Febreze Fabric Refresher spray (unscented) ...Read more

Real estate Q&A: What happens to our lease when our landlord sells property?

Consumer / Home and Consumer News /

Q: We are about halfway through our lease, and our landlord just told us he’s selling the property. In fact, he offered to sell it to us. We’re not sure if we want to buy it, but just in case, what happens to our lease when he sells the property? — Javier

A: When you are renting a property, unexpected changes can happen, including the ...Read more

Hand-out/Zillow/TNS

World of Warcraft to partner with Zillow to display in-game homes

Consumer / Home and Consumer News /

Scrolling through Zillow window shopping homes you can’t afford is a mixed bag. It’s nice to dream, but it can be a tough reminder of your pocketbook.

Or, you could just scroll Zillow on World of Warcraft.

The more than 20-year-old multiplayer online game has teamed up with Zillow to create a new “microsite” where players can browse ...Read more

Myung J. Chun/Los Angeles Times/TNS

California bill would mandate insurance for homeowners who reduce wildfire risks

Consumer / Home and Consumer News /

A bill requiring insurers to offer coverage to California homeowners who make their property resistant to wildfires was introduced Wednesday in the Legislature.

SB 1076, by state Sen. Sasha Renée Pérez, D-Alhambra, would require insurers to offer and renew coverage for any home that meets wildfire-safety standards adopted by the insurance ...Read more

Dreamstime/Dreamstime/TNS

How Zillow changed every step of homebuying and selling in 20 years

Consumer / Home and Consumer News /

Twenty years ago last week, a Seattle startup called Zillow launched the first public website showing on- and off-market property values.

Since then, and throughout waves of controversy and housing ups and downs, Zillow hasn’t just survived — it’s dominated.

Zillow has ballooned from an advertising business into a market gatekeeper that ...Read more

Everyday Cheapskate: How to Clean Hardwood Floors With Hydrogen Peroxide

Consumer / Everyday Cheapskate /

The finish on hardwood flooring is neither fragile nor indestructible. Hardwood floors must be cleaned properly using the correct solvent level to protect their beauty and fine finish. Some of us (ahem) have had to learn this truth the hard way.

Even though you can't damage hardwood floors by walking on them, all wood is susceptible to stains. ...Read more

Everyday Cheapskate: A Simple 3-Step Budget That Can Change Your Life

Consumer / Everyday Cheapskate /

Budgets are like training wheels: They help you get moving and offer you confidence as you learn how to balance.

I wish I could come up with a better word than "budget" for managing money. While I've made peace with the word, it still conjures up synonyms like whip, drudgery and cruel master. Personally, I prefer the more elegant term "spending...Read more

Investors snub the software dip, brace for deeper AI disruption

Consumer / Home and Consumer News /

Investors are avoiding beaten-down software stocks, warning that the brutal selloff triggered by fears of displacement by artificial intelligence is likely only just beginning.

What’s quickly become known as the AI scare trade has ravaged major software names in the U.S. and Europe in recent weeks. Fund managers at the likes of Amundi SA and...Read more

Everyday Cheapskate: How I Got My Kids to Stop Whining in Only 3 Days

Consumer / Everyday Cheapskate /

For this mother of two young, world-class whiners, the techniques described in the booklet seemed way too simple to be effective, the promised results too good to be true. In desperation, however, I decided to give the anti-whining program -- guaranteed to be appropriate for toddlers and up -- my best shot by following the simple daily ...Read more

Alex Wong/Getty Images North America/TNS

Tracking Trump's affordability proposals: How his policies could affect your wallet

Consumer / Home and Consumer News /

President Donald Trump and his administration have made a lot of big promises to improve affordability since taking office. Those promises have ramped up as consumers increasingly feel pinched by the U.S. economy, from sticky inflation and a stagnant job market to high interest rates. The macroeconomic data broadly suggests that the economy is ...Read more

Everyday Cheapskate: The $5 Pantry Fix That Can Replace Three Cleaning Products

Consumer / Everyday Cheapskate /

I didn't set out to overthrow three cleaning products in one afternoon. I was simply standing in my laundry room, staring at a shelf crowded with half-used spray bottles, when I realized two things. First, none of them was empty enough to throw away. Second, none of them was impressive enough to justify buying again.

That was the day a humble ...Read more

LA and Long Beach are among the least affordable cities in the world for homebuyers

Consumer / Home and Consumer News /

Los Angeles, Long Beach and San Diego are among the world's least affordable cities for homebuyers, a recent report says.

When the price of a regular home is compared to regular local salaries, Los Angeles, Long Beach, San Diego and San José were among the five least affordable cities in the world, according to a survey from financial ...Read more

Notorious Orange County dead mall is on track for redevelopment

Consumer / Home and Consumer News /

Westminster Mall, a once-popular shopping center that has been desecrated by graffiti and vandalism since it closed last year, is on track for demolition soon.

It will be replaced with housing, a hotel and some shops and stores, part of a nationwide trend that is seeing outdated, failed malls in high-traffic locations swapped for mixed-use ...Read more

US home resales fall most in four years despite lower rates

Consumer / Home and Consumer News /

Sales of previously owned U.S. homes fell in January by the most in nearly four years, a month marked by a massive winter storm.

Contract closings decreased 8.4%, the biggest drop since February 2022, to a 3.91 million annualized pace in January, according to National Association of Realtors data released Thursday. That trailed the median ...Read more

Real estate Q&A: How I do get relative who was staying with me to leave my home?

Consumer / Home and Consumer News /

Q: I let my cousin stay with me for a couple of weeks while she was having some issues. Those couple of weeks have now turned into a couple of months, and I can’t really deal with her anymore. How do I get her out? — Sheila

A: Sometimes situations that begin with good intentions become more complicated than expected. Offering a helping hand...Read more

Hail damage driving Colorado's high insurance rates

Consumer / Home and Consumer News /

Colorado is one of the most expensive states in the country for insurance and the hail that regularly batters roofs, cars and crops from one end of the state to the other is a big reason why.

Gov. Jared Polis and Colorado Insurance Commissioner Michael Conway said Wednesday that a survey of 20 homeowners insurance companies showed that hail is ...Read more

Everyday Cheapskate: When 'FREE' Comes With a Price Tag

Consumer / Everyday Cheapskate /

I couldn't pass it up, and I mean that quite literally. Someone dumped it right in the middle of my shortcut through the back of a neighborhood center. I had two choices: hit it head-on or stop to investigate.

Closer examination revealed a unique piece of furniture -- a child-size, solid wood combination five-drawer dresser wardrobe. I dragged ...Read more

 

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