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Capone's Home to Hit the Market

Owner may ask $450K for 6-bedroom split-level on Chicago's South Side

(Newser) - Al Capone’s Chicago home is expected to hit the market this spring, asking price $450,000, reports the Tribune. This piece of gangster history comes with a pretty clean record: Capone used the red-brick house, registered in his mother’s and wife’s names, as a safe haven. “...

You Could Own This Home! ... for $1.75 on eBay

Chicago community-college student plans to sell condemned Mich. house

(Newser) - What can $1.75 buy these days? A home in Saginaw, Mich., apparently. A college student surfing for PlayStations on eBay was the eighth and highest bidder on the condemned house, reports the Chicago Sun-Times. Joanne Smith doesn’t plan on making the 300-mile move from Chicago; after paying an...

What's So Great About Home Ownership?
What's So Great About Home Ownership?
Opinion
Jun 23, 2008 8:45 AM CDT

What's So Great About Home Ownership?

US policy is stacked against renters— for no good reason

(Newser) - “Owning a home lies at the heart of the American Dream,” George W. Bush once said, and US policy certainly seems to agree with him. Mortgage interest is tax deductible, and government-sponsored enterprises such as Fannie Mae provide cheap financing for home buyers. Why is that, asks Paul...

Where to Find Housing Bargains
Where to Find Housing Bargains
Sep 26, 2007 1:48 PM CDT

Where to Find Housing Bargains

Where to look to make sure your next home is a solid asset—and where not to

(Newser) - Taking into account current affordability, projected growth, and employment opportunities, BusinessWeek pick the best and worst prospects for bargains in the US housing market. The best, in alphabetical order:
  1. Austin-Round Rock, Texas
  2. Baton Rouge, La.
  3. Birmingham-Hoover, Ala.

Katrina Tax Breaks Pay for Luxury Condos

Incentives for rebuilding are buying $1M units in Tuscaloosa, 200 miles from coast

(Newser) - Investors are using federal tax breaks designed to stimulate rebuilding after Hurricane Katrina to buy luxury condos being built near the University of Alabama’s football stadium, 200 miles from the coast, the AP reports. The Tuscaloosa developments, where units go for up to $1 million, are flourishing while much...

Washed-Out Brits May Be Stuck in Trailers for Months

Thousands of homes and businesses are still drying out

(Newser) - Victims of the record flooding in England may have to live in mobile homes for months while their property is repaired. Tens of thousands of residences and businesses were badly damaged by floods over the past 2 months, which caused at least $6 billion in damage, Bloomberg reports. And meteorologists...

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