Tag: threatens

HOMES

Bond fire threatens homes in Silverado area of Orange County

2 months ago
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A wind-whipped and rapidly spreading wildfire was threatening homes in Orange County, prompting evacuations early Thursday.

A mandatory evacuation order was in effect for residents of Silverado Canyon, Modjeska Canyon and Williams Canyon as the Bond fire exploded to approximately 3,650 acres, the Orange County Fire Authority said. Structures were threatened in Silverado and Williams canyons.

By 6:35 a.m. Thursday, authorities had expanded the mandatory evacuation area to include Foothill Ranch and Portola Hills west of El Toro Road and north of the 241 toll road. The rest of Portola Hills is under a voluntary evacuation warning.

The Bond fire erupted overnight in Orange County.

The Bond fire erupted overnight in Orange County.

(Kent Nishimura / Los Angeles Times)

Voluntary warnings were also in effect in Borrego Canyon, Baker Ranch, Live Oak Canyon, Trabuco Canyon and Rose Canyon, on Valley Vista Way and Meadow Ridge Drive, and in Lake Forest from the 241 along Bake Parkway to the

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HOMES

Brush fire threatens homes in Orange County, prompts evacuations

2 months ago
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A wind-whipped wildfire was threatening homes in Orange County’s mountain communities, prompting evacuations and warnings early Thursday that the fire could rapidly spread.



a view of a city at sunset: A fire has prompted evacuation warnings in Orange County's mountain communities. (Orange County Fire Authority)

© (Orange County Fire Authority)
A fire has prompted evacuation warnings in Orange County’s mountain communities. (Orange County Fire Authority)

A mandatory evacuation order was in effect for residents of Silverado Canyon, Modjeska Canyon and Williams Canyon as the Bond Fire “exploded to 1,500 acres,” the Orange County Fire Authority said. Structures were threatened in Silverado and Williams canyons.

Embers from the fire were already igniting new fires across Santiago Canyon Road. “Residents in the area should be prepared to evacuate,” the Orange County Fire Authority said in a tweet. More than 240 firefighters were battling the fire.

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HOME FOR SALE

How Joe Biden’s housing policy threatens real-estate investing

2 months ago
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  • President-elect Joe Biden’s proposals loom ahead of his January inauguration, and real-estate investors are likely to be affected by his plans.
  • Biden’s housing plan suggests big changes lie ahead for the real-estate industry, including with regard to foreign investment and affordable housing.
  • One major point that concerns real-estate investors is the suggestion of a repeal of the 1031 transfer, a strategy they often use to defer capital-gains tax.
  • Visit Business Insider’s homepage for more stories.

Joe Biden has been elected the 46th president of the United States. And as he approaches taking office on January 20, his policy proposals suggest some big changes, especially for the real-estate industry, per his housing plan.

Ultrawealthy real-estate investors, middle-class homeowners, and renters in underserved communities, for a start, stand to have their experience with real estate changed by a Biden administration.

Real-estate investors, in particular, aren’t receiving the proposed changes well.

The Biden

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HOMES

Rising flood risk threatens scant supply of low-cost U.S. homes

2 months ago
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About 25,000 homes located in coastal communities could flood at least once a year by 2050, according to researchers

By Carey L. Biron

WASHINGTON, Dec 1 (Thomson Reuters Foundation) – Rising seas linked to climate change are expected to triple the amount of affordable housing at risk from flooding in U.S. coastal areas within three decades, exacerbating a nationwide shortage of low-cost homes, research showed on Tuesday.

About 25,000 homes could flood at least once a year by 2050, according to first-time national estimates from the nonprofits Climate Central and the National Housing Trust, published in the journal Environmental Research Letters.

The findings are especially concerning given that the country already faces a shortfall of 7 million affordable units, said co-author Todd Nedwick, a policy director at the National Housing Trust.

“Even before we talk about making these buildings more resilient, we don’t have the resources to increase the supply,

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HOMES

Reno wildfire destroys homes, threatens hundreds of others

2 months ago
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RENO — A fast-moving wildfire driven by strong winds destroyed several homes in a Reno neighborhood Tuesday and forced the evacuation of hundreds more on the edge of the Sierra Nevada foothills, one of several blazes burning near the Nevada-California border.

As many as 500 homes could be threatened by the blaze that grew to 1,500 acres within hours of igniting in brush above the neighborhood, Reno Fire Chief David Cochran said. He said “multiple” homes had been lost, but he didn’t know how many.

The Reno Gazette Journal reported that one of its photographers had seen at least five homes burn.

There were no immediate reports of injuries, and the cause of the fire was under investigation.

Winds gusting over 50 mph (80 kph) drove the flames but later subsided and rain was in the forecast Tuesday night.

Cochran said teams were responding from fire departments in Reno and

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FLORIDA REAL ESTATE

Tropical Storm Eta threatens Cuba and south Florida

3 months ago
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Tropical Storm Eta is lashing the Caribbean with torrential rainfall and damaging winds on Saturday as it approaches Cuba.





© CNN Weather


The storm is currently moving northeast away from the Cayman Islands and toward central Cuba at 14 mph as of 7 p.m. ET. It has sustained winds of 65 mph with tropical storm-force winds extending up to 105 miles out from the storm’s center.

The center of the storm is forecast to cross central Cuba Saturday evening and approach south Florida and the Florida Keys on Sunday. Eta will then pass near or over south Florida and the Florida Keys Sunday night and Monday, according to the latest advisory from the National Hurricane Center.

Tropical storm conditions are forecast by late Sunday in the Florida Keys and along portions of the southeast Florida coast, according to the hurricane center.

Track Eta’s path here >>>

“Some strengthening is

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FOR SALE

China threatens retaliation over US-Taiwan arms sale | China

3 months ago
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China says US move sends ‘a very wrong signal to separatist forces advocating for Taiwanese independence’.

China has threatened to “make legitimate and necessary responses” after the United States approved the potential sale of $1.8bn worth of advanced weapons systems to Taiwan, a self-ruled island that Beijing claims as its own.

The Chinese foreign ministry on Thursday said the US – in approving the arms sale – was violating agreements signed in the 1970s that established diplomatic relations between the two countries.

The weapons sale includes 135 air-to-ground missiles that Taiwan’s defence ministry said would build its combat capabilities amid increasing threats by China to annex the territory by force if necessary.

The US move is “sending a very wrong signal to separatist forces advocating for Taiwan independence, and seriously damages China-US relations”, Zhao Lijian, a spokesman for the Chinese foreign ministry, said at a regular news briefing.

Zhao said

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LAND FOR SALE

China threatens retaliation over US arms sale to Taiwan

3 months ago
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China is threatening to retaliate against the U.S. after the Trump administration approved a $1.8 billion arms sale to Taiwan, the autonomous island that Beijing considers its own territory. 

Chinese Foreign Ministry spokesperson Zhao Lijian accused the U.S. of “interfering” in Beijing’s affairs and said the sale could lead to regional insecurity.

“It seriously interferes in China’s internal affairs, seriously harms China’s sovereignty and security interests, sends out gravely wrong signals to Taiwan independence forces and severely undermines China-US relations and peace and stability across the Taiwan Strait. China firmly opposes it,” Zhao said Thursday.

Zhao urged the U.S. to “stop arms sales to and military ties with the Taiwan region, cancel its arms sales plans to avoid further harming China-US relations and cross-strait peace and stability,” warning that “China will make a legitimate and necessary reaction in the light of the development of the situation.” 

The rebuke comes after

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FOR SALE

Citizenship-for-Sale Scandal Heats Up as EU Threatens Lawsuits

3 months ago
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(Bloomberg) — Malta and Cyprus were issued with legal ultimatums as the European Commission stepped up its crackdown on governments selling citizenship rights to live and work in the European Union.

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The two nations may have violated EU law by offering so-called golden passports, or access to their country’s nationality and EU citizenship, in return for a fee, the bloc’s executive authority said on Tuesday.

Their duo’s investor-citizenship programs may undermine “the integrity of the status of EU citizenship,” the commission said in a statement. Cyprus announced earlier this month it would end its current passport for investment program on Nov. 1.

“When a Member State awards nationality, the person concerned automatically becomes an EU citizen and enjoys all rights linked to this status” and “as a consequence, the effects of investor citizenship schemes are neither limited to the member states operating them,” the Commission said.

The speaker

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HOMES

Fire on Sign Hill in South San Francisco threatens homes, triggers evacuations

3 months ago
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A four-alarm wildfire that broke out in the San Bruno Mountains of South San Francisco on Friday afternoon, triggering evacuations, was contained after 2 p.m.

“Fire crews continue to work of full extinguishment,” the South San Francisco Fire Department shared on Twitter. “Evacuation orders are still happening, please continue to stay out of the area.”

Mandatory evacuations are in effect for Carnelian Road, Sonja Road, Mountain Road, Ridgeview Court and Viewmont Terrace. A temporary evacuation center is set up at the MSB Social Hall at 33 Arroyo Dr.

Flames burned across a landscape of parched grass near the giant white cement letters spelling out “South San Francisco Industrial City” on Sign Hill. The blaze broke out around noon and emitted a massive plume of smoke. Easterly winds blew the smoke toward the coast and air quality levels in Pacifica quickly deteriorated.

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