Hacker News with Generative AI: Real Estate

Spain proposes 100% tax on homes bought by non-EU residents (theguardian.com)
Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
Show HN: Finding good value property (landvalue.au)
Did you know? Astute property buyers compare the sales guide of a property with the land value. The unimproved land value without buildings is assessed by the government. This is often significantly lower than the sales guide. We help you find properties currently on the market which have good investment opportunity.
Asking rents skyrocket as LA fires destroy homes (laist.com)
Rental housing prices in L.A. are spiking as historic fires burn in Southern California, forcing thousands of residents who’ve lost homes to scramble to find a new place to live.
Chinese cyber-spies peek over shoulder of officials probing real-estate deals (theregister.com)
Chinese cyber-spies who broke into the US Treasury Department also stole documents from officials investigating real-estate sales near American military bases, it's reported.
Joan Didion on Los Angeles Real Estate, and Ignoring the Big One (1989) (newyorker.com)
The Fannie and Freddie trade is back (bloomberg.com)
The Fannie Mae and Freddie Mac saga has been going on for, depending how you count, 16 years, or perhaps many decades.
US Justice Department accuses six major landlords of scheming to keep rents high (apnews.com)
US sues six of the biggest landlords over "algorithmic pricing schemes" (arstechnica.com)
The US Justice Department today announced it filed an antitrust lawsuit against "six of the nation's largest landlords for participating in algorithmic pricing schemes that harmed renters."
DOJ Sues Six Large Landlords for Algorithmic Pricing Scheme That Harms Millions (justice.gov)
The Justice Department, together with its state co-plaintiffs, filed an amended complaint today in its antitrust lawsuit against RealPage, to sue six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.
Trump announces Dubai company will invest $20B in US data centers (cbsnews.com)
Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday, as the company's billionaire founder and CEO, Hussain Sajwani, stood nearby.
San Francisco House Prices Drop Back to 2019 as Tech Jobs Evaporate (wolfstreet.com)
The big decline in tech employment in San Francisco and the northern part of Silicon Valley that we’ll get to in a moment has put its stamp on home prices in the city of San Francisco.
San Francisco House Prices Drop Back to 2019, Condo Prices to 2015 (wolfstreet.com)
The big decline in tech employment in San Francisco and the northern part of Silicon Valley that we’ll get to in a moment has put its stamp on home prices in the city of San Francisco.
US housing market is mirroring 2008 bubble–real estate analyst (newsweek.com)
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.
Converting shopping malls into apartments [video] (youtube.com)
How the Samuel Smith beer baron built Britain's strangest pub chain (theguardian.com)
Since the 1970s, Humphrey Smith has acquired scores of pubs and historic properties around the UK. But time after time, he has left the buildings empty. Why has he allowed his empire to moulder?
How the Samuel Smith beer baron built Britain's strangest pub chain (theguardian.com)
Since the 1970s, Humphrey Smith has acquired scores of pubs and historic properties around the UK. But time after time, he has left the buildings empty. Why has he allowed his empire to moulder?
New app lets US homebuyers see neighbors' politics (theguardian.com)
America’s political divide is likely to get even wider thanks to a new real-estate platform that lets potential buyers see the political affiliations of their future neighbors, as well as other social data and local demographics.
The affordable housing shortage is reshaping parts of rural America (nbcnews.com)
A surge in home prices over the past several years is pushing homebuyers further out from city centers with big implications for America's small towns.
Chip Cities Rise in Japan's Fields of Dreams (bloomberg.com)
Rice paddies that lay fallow for decades in some of Japan’s most far-flung regions are now its hottest properties. As prices surge, these areas are discovering the truth to the old adage: If you build it, they will come1.
Office Property Meltdown Is Starting to Surface at Regional Banks (bloomberg.com)
Slumping office property values are rippling through US banks, with smaller lenders in particular ramping up the use of loan modifications in their commercial real estate books.
I bought one of Sicily's famous $1 homes and spent $446K renovating it (cnbc.com)
Show HN: DefendMyRent – Free Tool to Help Tenants Fight Unfair Landlord Fees (defendmyrent.com)
Use AI to push back on rent increases, demand timely repairs, & solve many more issues.
Landlords Are Using AI to Raise Rents (gizmodo.com)
Landlords Are Using AI to Raise Rents—and Cities Are Starting to Push Back
The "Bird and Baby" grows up: inside the new Eagle and Child (oxfordclarion.uk)
What do you get when the world’s third richest man buys Tolkien’s local? Oxford is about to find out.
Landlords Are Using AI to Raise Rents – and Cities Are Starting to Push Back (themarkup.org)
Federal prosecutors have accused software company RealPage of enriching itself "at the expense of renters who pay inflated prices"
US house prices in 1950 vs. 2024, accounting for inflation (brilliantmaps.com)
The map above shows how much houses cost in 1950 in each US state in 2024 inflation adjusted US dollars, compared to what the average cost actually is in 2024.
Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs (closingwtf.com)
Closing on a Mortgage? Don't get Screwed!
New York City Council Approves Bill Shifting Broker Fees to Landlords (nytimes.com)
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees.
New York City Council Votes to End Broker Fees Squeezing Renters (bloomberg.com)
New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.
Australian real estate agent hallucinates two schools in rental listing (theguardian.com)
The principal of a branch of one of Australia’s largest real estate companies has admitted using ChatGPT to generate property listings after a rental home was advertised as being close to two “excellent” schools that didn’t exist.