Tag: Real

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Hélène Boudreau Was Scammed Out Of $1.5 Million Over Real Estate Disaster

Hélène Boudreau Was Scammed Out Of $1.5 Million Over Real Estate Disaster

Hélène Boudreau is breaking her silence after reportedly being scammed out of $1.5 million. The OnlyFans tycoon was duped by a real estate developed that allegedly is tied to organized crime.

Boudreau, who first made a name for herself following her iconic UQAM grad pic, has since become one of the top adult performers on the online subscription service.

Boudreau managed to amass an impressive net worth thanks to her online content. After wishing to diversify her sources of income, it appears as if Boudreau put her trust in the wrong people in 2021.

It was during this time that she met Rhéal Dallaire, the real estate promoter, not knowing his alleged ties to organized crime.

Helene Boudreau talking on her Instagram Stories. @iamhely | Instagram Stories

Per the Journal de Montreal, Dallaire had his home searched last year, along with members of Hells Angels, and of the since-murdered

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A different, EASIER way to own real estate – Winnipeg Free Press

A different, EASIER way to own real estate – Winnipeg Free Press

Opinion

A lot of people have an interest in being a real estate guru, earning passive income from rent — often heralded on social media channels by real estate investor influencers.

And why not?

Many Manitobans have seen their home values rise significantly in the last decade or more. Plus, real estate’s one of the few investments individuals can easily get their heads around.

Investing in real estate can be less of a challenge if you do it through diversified portfolios of dozens of properties or real estate investment trusts (REITs). (Phil Hossack / Free Press files)

It’s straightforward: own it, rent it, collect the rent, and its value typically rises over time.

Beyond homeownership, investing in real estate can be challenging — at least if you’re trying to buy assets on your own. You probably need to borrow money — a lot of it — and then you have

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Banks Have a Big Real Estate Problem But It’s Commercial, Not Residential – MishTalk

Banks Have a Big Real Estate Problem But It’s Commercial, Not Residential – MishTalk

Forget about bank doom loop stories over residential mortgages. Instead put the spotlight where it belongs.

Not Residential!

A reader asked me to comment on Peter Schiff: Banks Have a Bigger Real Estate Problem Today Than They Did in 2007.

Banks are more vulnerable to the housing market now than they were in 2007.

Most people in the mainstream will scoff at that statement. They’ll tell you that the situation is very different today. After all, we don’t have a big problem in the subprime mortgage market. We’re not seeing a big spike in defaults. That’s true. The problem is different this time. And it’s actually worse.

So, what’s the problem?

As Peter Schiff explained in a recent podcast, the problem this time is the mortgages themselves.

As Peter points out, a 3% mortgage is a huge asset for the borrower. But it’s a huge liability for the lender. So,

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Warren Buffett and Charlie Munger warn that a storm is brewing in the US real estate market — here’s where they’ll seek refuge

Warren Buffett and Charlie Munger warn that a storm is brewing in the US real estate market — here’s where they’ll seek refuge

Charlie Munger, Warren Buffett’s business partner, has been growing increasingly worried about commercial real estate. He believes a storm is brewing in the sector that could engulf the banks and impact the broader market.

“The buildings don’t go away,” Buffett said at the May 2023 Berkshire Hathaway (NYSE:BRK.A) shareholders meeting. “But the owners do,” Munger chimed in.

Don’t miss

“I think that the hollowing out of the downtowns, in the United States and elsewhere in the world, is going to be significant and quite unpleasant,” Munger said, adding he believes that the U.S. economy will weather the storm eventually but that commercial real estate will eventually “involve a different set of owners.”

Munger’s bear case

Munger and Buffett’s concerns could be based on the fact that foot traffic near stores in metropolitan areas is 10% to 20% below pre-pandemic levels while office attendance is 30% lower than before COVID, according

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Trump-Branded NYC Real Estate Plummeted in Value Since 2016 – Mother Jones

Trump-Branded NYC Real Estate Plummeted in Value Since 2016 – Mother Jones

An analysis conducted by the New York Times shows that the value of Trump real estate emblazoned with his name in New York City plummeted after he was elected president—including the condos of Trump Tower on Fifth Avenue.Sarah Yenesel/EFE/ZUMA

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Trump brags about pretty much everything—but particularly his wealth and his real estate. 

That was the basis of the civil fraud trial brought by New York Attorney General Letitia James, which culminated on Friday when a judge ruled Trump must pay $355 million—or $453.5 million with interest, according to NBC News—after finding him liable of fraudulently inflating his net worth and the values of his properties to get good deals on bank loans and insurance policies. (He said, for example, that his Mar-a-Lago estate was valued at $1 billion—about $970 million

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