Airbnb IPO could generate billions for the Bay Area. How will housing prices react?

Airbnb unveiled long-anticipated plans to go public Monday, defying concerns that the coronavirus pandemic had permanently hurt its business of short-term rentals and revealing the underlying strength of the San Francisco company’s business.

The stock offering, which could take place as soon as December, will likely make Airbnb’s founders and investors billions and turn many employees into millionaires. While taxes on their windfall and spending by the newly wealthy will bolster state and local coffers at a time when such revenue is badly needed, it is unlikely to cause more than a blip in the already hot local real estate market, observers said.

CEO Brian Chesky had said Airbnb intended to go public in 2020, but the filing was delayed by the pandemic. The company raised $2 billion from investors in April and laid off 1,900 employees in May. Travel rebounded, as did Airbnb’s bookings, with many customers opting for

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Interested in a foreclosure sale property? It can generate a bidding war and is likely for sale ‘as is’: Ask Joe

I recently came across an ad for a property for sale due to foreclosure. How does a foreclosure sale differ from a traditional purchase?

Property sales due to lender foreclosure are often also referred to as a distress bank sale, or sometimes confused with a power of sale.

A foreclosure sale is a method available to lenders, banks and non-traditional lenders to cover the unpaid mortgage. In foreclosure proceedings, the property is not being sold by the owner — rather, it is the mortgage lender that has taken action to sell the property.

In the case of a property being sold due to foreclosure, the lender may become the owner of the property and in that case may retain any profit realized from its sale. Lenders have an interest in recovering the amounts owed to them under the terms of a mortgage.

A significant difference between a foreclosure sale and

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