Connect with us

Published

on

Homeowners in San Francisco looking to sell in the troubled city are a whopping four times more likely than the average US home seller to take a loss, according to real estate brokerage Redfin.

Residents looking to get out of the city — where a once-trendy downtown area has descended into a drug-addled hellscape, and historic hotels have been converted into roach-infested “Single-Room Occupancy” housing for vagrants — can expect to sell their San Francisco abode for $100,000 less than they bought it for.

Roughly 12.3% — or one in eight — of the homes sold in the Bay Area during the three months ended July 31 was purchased for less than the seller bought it for, Redfin found.

The figure is a 5% increase from the same period a year ago, is higher than any other major US metropolis and a staggering four times the 3% national rate of homeowners who take a loss when selling their homes, according to the real estate firm.

Detroit is home to the second-highest share of homeowners who take a loss in their home-selling transactions, at 6.9%, followed by Chicago and New York, where 6.5% and 5.9% of homeowners take a loss in selling their homes, respectively.

Though the share of New York homeowners who reported a loss was half that in San Francisco, the cities were tied for the largest median loss in dollars, at $100,000, Redfin found in a separate analysis.

Thus, it’s not a surprise that San Francisco, Detroit, Chicago and New York all rank among the top 10 cities Redfin found residents want to move out of.

San Francisco ranks No. 1, New York No. 2, Chicago No. 5 and Detroit No. 9, according to Redfin.

Across the US, the average homeowner who didn’t profit off of selling their home lost $35,538, according to Redfin, which analyzed Multiple Listing Service data across the top 50 US cities of homes that were owned by the same party for at least nine months before the sale.

States where homeowners were least likely to sell at a loss: San Diego, Boston, Providence, R.I., Kansas City, Mo., and Fort Lauderdale, Fla.

In each of these cities, only about 1% of homes sold for less than the seller originally paid, Redfin reported.

Redfin attributed San Francisco’s unfortunate housing stats to a sharp decline in home prices triggered by high mortgage rates, which climbed to their highest level since 2001 last month.

As of April, the city’s median home price was down over 13% year over year — triple the nationwide slowdown of 4.2% — swiping a whopping $60 billion in the total value of homes since last year.

In addition, home prices in the Bay Area fell because the metro area was hit hard by mass layoffs in the tech sector, Redfin said.

Major tech firms based in San Francisco like Apple, Google, Meta and Salesforce all conducted rounds of layoffs within the past year.

In one of the largest layoffs San Francisco saw in recent months, Meta sacked 21,000 employees as part of Mark Zuckerberg’s so-called “year of efficiency.”

Salesforce also axed some 7,000 staffers — 10% of its workforce — at the beginning of this year after rapid pandemic-era hiring left the company with “too many people” amid an economic slowdown.

And late last year, Elon Musk infamously slashed his staff at Twitter, now known as X, in half, handing nearly 4,000 workers pink slips.

Continue Reading

Sports

Sources: Jays give Vlad Jr. 14-year, $500M deal

Published

on

By

Sources: Jays give Vlad Jr. 14-year, 0M deal

First baseman Vladimir Guerrero Jr. and the Toronto Blue Jays are in agreement on a 14-year, $500 million contract extension, pending physical, sources told ESPN’s Jeff Passan on Sunday night.

This is a monumental, no-deferral deal to keep the homegrown star in Toronto for the rest of his career, and comes as the 5-5 Blue Jays are in the midst of a road trip that takes them to Fenway Park to meet the Boston Red Sox on Monday.

Guerrero, 26, a four-time All-Star and son of Hall of Famer Vladimir Guerrero, had said he would not negotiate during the season after the sides failed to come to an agreement before he reported to spring training. The sides continued talking, however, and sealed a deal that is the third largest in Major League Baseball history, behind only Juan Soto‘s 15-year, $765 million contract with the New York Mets and Shohei Ohtani‘s 10-year, $700 million pact with the Los Angeles Dodgers.

The Blue Jays, snakebit in recent years by Soto and Ohtani signing elsewhere, received a long-term commitment from their best homegrown talent since Hall of Famer Roy Halladay.

They had tried to sign Guerrero to a long-term deal for years to no avail. Toronto got a glimpse of Guerrero’s talent when he debuted shortly after his 20th birthday in 2019 and homered 15 times as a rookie. His breakout season came in 2021, when Guerrero finished second to Aaron Judge in American League MVP voting after hitting .311/.401/.601 with 48 home runs and 111 RBIs.

Guerrero followed with a pair of solid-but-below-expectations seasons in 2022 and 2023, and in mid-May 2024, he sported an OPS under .750 as the Blue Jays struggled en route to an eventual last-place finish. Over his last 116 games in 2024, the Guerrero of 2021 reemerged, as he hit .343/.407/.604 with 26 home runs and 84 RBIs.

With a payroll expected to exceed the luxury tax threshold of $241 million, the Blue Jays ended the season’s first week atop the American League East standings. Toronto dropped to 5-3 on Friday after a loss to the Mets, in which Guerrero collected a pair of singles, raising his season slash line to .267/.343/.367.

Between Guerrero and shortstop Bo Bichette‘s free agency after the 2025 season, the Blue Jays faced a potential reckoning. Though Bichette is expected to play out the season before hitting the open market, Guerrero’s deal lessens the sting of Toronto’s pursuits of Ohtani in 2023 and Soto in 2024.

Toronto shook off the signings of Soto and first baseman Pete Alonso with the Mets, left-hander Max Fried with the New York Yankees and infielder Alex Bregman with the Boston Red Sox to retool their roster. Toronto gave outfielder Anthony Santander a heavily deferred five-year, $92.5 million contract, brought in future Hall of Famer Max Scherzer on a one-year, $15.5 million deal, bolstered its bullpen with right-handers Jeff Hoffman and Yimi Garcia, and traded for Platinum Glove-winning second baseman Andres Gimenez, who is hitting cleanup.

Toronto’s long-term commitments will allow for significant financial flexibility. In addition to Bichette and Scherzer, right-hander Chris Bassitt and relievers Chad Green and Erik Swanson are free agents after this season. After 2026, the nine-figure deals of outfielder George Springer and right-hander Kevin Gausman come off the books, as well.

Building around Guerrero is a good place to start. One of only a dozen players in MLB with at least two seasons of six or more Wins Above Replacement since 2021, Guerrero consistently is near the top of MLB leaderboards in hardest-hit balls, a metric that typically translates to great success.

Like his father, who hit 449 home runs and batted .318 over a 16-year career, Guerrero has rare bat-to-ball skills, particularly for a player with top-of-the-scale power. In his six MLB seasons, Guerrero has hit .288/.363/.499 with 160 home runs, 510 RBIs and 559 strikeouts against 353 walks.

Originally a third baseman, Guerrero shifted to first base during the pandemic-shortened 2020 season. Had the Blue Jays signed Alonso, they signaled the possibility of Guerrero returning full time to third, where he played a dozen games last year.

With the extension in place, the 6-foot-2, 245-pound Guerrero is expected to remain at first base and reset a market that had been topped by the eight-year, $248 million extension Miguel Cabrera signed just shy of his 31st birthday in 2014.

Continue Reading

UK

Parents of boy whose outbursts left them fearing for their lives say Adolescence ‘touched a nerve’

Published

on

By

Parents of boy whose outbursts left them fearing for their lives say Adolescence 'touched a nerve'

A teenager suddenly becomes violent, his anger towards women fuelled by online influencers, while his parents struggle to process what their son is capable of.

Does this sound familiar?

It’s the story of the hit drama Adolescence – but for Jess and Rob, it’s their life.

Their 14-year-old son Harry’s violence has escalated so rapidly he’s had to be taken into care. We’ve changed all their names to protect their identities.

Until the age of 12, Harry’s parents say he was a “wonderful” son. But they saw a change in his personality, which they believe was sparked by an incident when he was hit by a girl. Soon, he developed an online interest in masculine power and control.

Becky Johnson Adolescence  feature
Image:
Harry’s personality changed after he was assaulted (this image shows an actor in a Sky News reconstruction)

“Harry became obsessed with being strong, and I think he developed a difficulty around certain female people because of the assault,” Jess says.

“He had to be in charge… in every setting,” Rob adds.

Then one night, he punched his mother, Jess. His parents called the police in the hope it would shock him out of doing it again. But, as time went on, the violence escalated.

“We probably must have called the police over 100 times,” Rob says.

One attack was so serious, Jess ended up in hospital. The violence spilled outside the home too as Harry assaulted neighbours and friends.

Then he threatened to stab a teacher.

“Every time we think it can’t get any worse, something else happens and it does get worse,” Rob says. “Unfortunately, him getting hold of a knife is quite likely to happen.”

They say Adolescence, which stars Stephen Graham, Ashley Walters and Owen Cooper, touched a nerve.

Becky Johnson Adolescence  feature
Image:
Jess and Rob say they called the police 100 times (this image shows actors in a Sky News reconstruction)

“My worst fear is that he’s going to end up killing one of us,” says Jess. “If not us, then somebody else…”

It’s a shocking thought for any parent to have. As well as contacting police, the family have tried many times to get help from social services and the NHS for Harry’s deteriorating mental health.

“We’ve been told that we’re using too many resources and accessing too many services,” Rob says. “We tried for 18 months to get him more intensive therapeutic help. At every turn it was ‘no, no, no’.”

Read more:
Starmer backs campaign to show Adolescence in schools
Inside the online gangs where boys compete to be cruel

They have found help with an organisation called PEGS that supports parents who are victims of their own children’s violence.

Becky Johnson Adolescence  feature
Image:
PEGS founder Michelle John says many families struggle to have their concerns taken seriously

Last year it was contacted by over 3,500 families, a 70% increase on 2023. Founder Michelle John says many families struggle to have their concerns taken seriously.

“What we’re hearing time and time again is that referrals are not being picked up because thresholds aren’t being met and perhaps the parent or caregiver isn’t a risk to the child,” she says. “Families are falling through gaps.”

In some parts of the country, local organisations are attempting to fill those gaps. Bright Star Boxing Academy in Shropshire has children referred by schools, social workers and even the police.

Joe Lockley, who runs the academy, says the problem is services that deal with youth violence are “inundated”.

“The biggest cause of the violent behaviour is mental health,” he says. “They lack that sense of belonging and control, and it’s quite easy to gain that from the wrong crowd and getting involved in violence.

“Social media is having a huge impact, especially around that young person’s identity.”

Becky Johnson Adolescence  feature
Image:
Ethan at the Bright Star Boxing Academy

Ethan, 18, agrees. He joined the academy aged 14. By then he had already been arrested several times for getting into fights.

He believes bullying sparked anxiety and depression. “Someone could look at me, I’d be angry,” he says.

“Social media – that’s definitely a massive part. You’ve got so many people that are living this material life. They’ve got loads of money.

“My main thing was seeing people with amazing bodies – I felt I couldn’t reach that point and it made me self-conscious, which would add on to the anger which then turned to hatred towards other people.”

Becky Johnson Adolescence  feature
Image:
Ethan says boxing has helped him turn his life around

Without the support of the boxing academy, he believes, he wouldn’t have been able to turn his life around.

“I would either be in prison or I would have done something a lot worse to myself,” he says.

“It’s just this massive mess in your head where you’ve got a million thoughts at once – you don’t know what to think or how to even speak sometimes,” he adds.

“All we need is someone that’s got the time for us… and the understanding that it’s a war in our heads.”

A government spokesperson told Sky News: “We have seen too many preventable tragedies caused by the failings of mental health services, and it’s unacceptable that young people have not been getting the care and treatment they need to keep them, their families and the wider public safe.

“We are working to ensure children and their families get that help. We are investing over £50m to fund specialist support in schools, launching a Young Futures hub in every community, and providing access to a specialist mental health professional in every school in England.”

Anyone feeling emotionally distressed or suicidal can call Samaritans for help on 116 123 or email jo@samaritans.org in the UK. In the US, call the Samaritans branch in your area or 1 (800) 273-TALK

Continue Reading

Sports

Jackson-Earnhardt Jr. trademark dispute resolved

Published

on

By

Jackson-Earnhardt Jr. trademark dispute resolved

OWINGS MILLS, Md. -= It looks like Dale Earnhardt Jr. has waved the red flag in a short-lived trademark dispute with Baltimore Ravens quarterback Lamar Jackson.

The NASCAR legend announced Friday on social media that he has secured the right to use a stylized version of No. 8 and will abandon the original No. 8 logo used by Earnhardt’s JR Motorsports. This decision came two days after Jackson filed an opposition claim with the U.S. Patent and Trademark Office to stop Earnhardt from putting that JR Motorsports version of No. 8 on merchandising.

“We are looking forward to the remainder of an already successful season,” Earnhardt wrote on social media.

Jackson, who has worn No. 8 since his college days at Louisville, previously registered the trademark “ERA 8 by Lamar Jackson.” His filing had argued Earnhardt’s attempt to trademark that particular version of No. 8 would create confusion among consumers.

The trademark review for a challenge can take more than a year. If the U.S. Patent and Trademark appeal board would have denied Earnhardt, Jackson could have sued him if Earnhardt had used it for merchandising.

This isn’t the first time that Jackson has tried to stop another athlete from filing a trademark on this number. In July, Jackson challenged Hall of Fame quarterback Troy Aikman’s attempt to use “EIGHT” on apparel and bags.

When asked about this dispute last summer, Jackson said, “We’re going to keep this about football. That’s outside noise. We’re sticking with [talking about training] camp, football, and that’s it.”

Continue Reading

Trending