A 36-year-old real estate investor who owns hundreds of units acquired his first property months after graduating college. He shares the strategy he used to live for free in his first home.
Ricky Beliveau bought his first property, a triplex, fresh out of college. He “house hacked,” meaning he lived in one unit and rented the other two, to live for free. It allowed him to save up, buy another property, and eventually grow his portfolio to hundreds of units. Ricky Beliveau, a college senior in 2010,…
Goldman Sachs says home prices are now more unaffordable for the average buyer than they were during the 2008 housing bubble. Here are the 2 things they say would have to happen for home prices to crash.
Goldman Sachs’ Lotfi Karoui says homes are more unaffordable than during the mid-2000s bubble. But he still sees home prices rising in the months ahead. In a recent note, he said his view relies on no “economic shocks” occurring. It’s even more difficult to buy a home now than it was at the peak of…
The AI industry’s dog-eat-dog race for compute power will see financial institutions launch ‘GPU debt funds’ in the next 12 months, VC firm predicts
Generative AI startups have bagged billions in VC funding in an otherwise tepid tech market. They rely on compute power — harnessed through GPUs — which is becoming a costly commodity. A new report from Air Street Capital made 10 predictions for AI in 2024, including the launch of “GPU debt funds.” According to a…
Bipolar disorder is little researched, but doctors at Johns Hopkins aim to change that
Charita Cole Brown’s doctors told her parents that she might not be able to care for herself two months before she was supposed to graduate from college, and about two years after she had her first manic episode and was diagnosed with bipolar disorder. Cole Brown had just had a psychotic break that was eerily…
Pac-12 football: Stanford’s stunning comeback at Colorado echoes a breakthrough win 16 years ago
Like Jim Harbaugh in 2007, first-year coach Troy Taylor needed a signature win. Stanford’s stunning victory over Colorado on Friday night, in which the Cardinal overcame a 29-0 halftime deficit, was the Pac-12’s fourth-largest comeback and the largest since UCLA rallied from 32 down to defeat Washington State four years ago. However, Stanford’s relevant comparison…
Mideast reaction in Bay Area: Blue ribbons for Israel, protest signs for Palestine
‘This felt like a significant first step toward doing something peaceful.’ Emotions ran high in the Bay Area on Sunday afternoon, more than 7,000 miles away from Gaza and Israel, as local residents took part in pro-Palestine and Jewish demonstrations as the Israel-Hamas war entered its ninth day. The death toll continues to rise, with…
Can frozen DNA help species survive extinction? San Diego’s Frozen Zoo, conservationists partner to put biodiversity banking on the map
For nearly 50 years, the San Diego Zoo Wildlife Alliance has been bringing the fictional world of “Jurassic Park” to life — minus the dinosaurs and destruction. As wildlife populations decline and biodiversity is lost around the world, the alliance has been working with its Frozen Zoo to collect and preserve genetic samples taken during…
San Jose hotel project near mega malls advances despite feeble market
Hotel would have more than 100 rooms SAN JOSE, Calif. — Despite the post-coronavirus maladies that continue to plague the Bay Area’s feeble lodging market, plans for a large hotel near San Jose’s mega malls are moving forward. The San Jose development site is located at the intersection of South Winchester Boulevard and Olin Avenue,…
TV station owner Sinclair plans to branch into nonbroadcast business through billion-dollar private-equity fund
Sinclair is best known for its empire of television stations and local news programming throughout the United States, its conservative founders, and its recent failed foray into regional sports network ownership. Officials now say the Hunt Valley-based company’s future will be more tied to industries other than broadcast. Instead of purchasing more television stations, Sinclair…