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Bella Fiore nearly sold out
All three floor plans feature gourmet kitchens with oversized islands and granite countertops, and paver driveways. Additionally, the 2,922-square-foot plan includes an outdoor courtyard in the middle of the home and an option to build an upstairs

Community experiences eventful year for news in 2013
Community experiences eventful year for news in 2013 The Chicago Public Schools tore down Whittier Elementary School's library and community gathering place, La Casita Parent Youth Center, amid community protests… Bronzeville's Patricia Hill suffered from mistakes by mortgage companies, resulting in an 

Luxury home and casita for sale with views of the magical town of Patzcuaro Beautiful, high-end, luxury home and casita for sale with views of the magical town of Patzcuaro, Mexico. Situated on a ...

Mexico's Housing Debacle

One of the harsher aftershocks of Mexico’s housing collapse came from subprime-like mortgages given to the working poor, people who didn’t qualify for loans from Infonavit, Mexico’s giant housing finance agency.

Both types of loans featured rising monthly payments, and the total amount owed also increased. But the subprime loans were structured to increase at a higher rate.

For investors, those escalating payments provided a hedge against inflation and currency fluctuations. But for homeowners, the onerous loan terms led to defaults on a massive scale.

Ten years later, a cyclone of foreclosures continues to cut a slow-motion path of financial destruction across Mexico. It’s the latest stage of a housing collapse that left developments plagued with infrastructure problems and abandoned homes. Now banks and bondholders are extending their reach into the decaying tracts to seize homes.

In Silva’s neighborhood in eastern Tijuana, mailboxes are stuffed with foreclosure notices. Cul-de-sac gates are locked in mostly vain attempts to keep out eviction crews. “Is the bank trying to take away your home?” reads a sign with a phone number to call, nailed to a teetering utility pole.

Rise of 'casitas' illustrates multigenerational housing trend in Miami

My husband and I recently completed construction of a new home, where we plan on retiring sometime in the future. When we were offered the option of building a detached guest house, we jumped at the chance; loving the idea of having frequent guests visit us to play golf and enjoy the Florida sun. We approved construction of a separate 385 square-foot cottage for guests to enjoy while staying with us, giving everyone their own individual space and privacy.

Here in Miami, the concept of a “granny flat” or “casita” (literally a “small house” in Spanish) is nothing new — I have helped clients buy, build, and sell dozens of casita-adjoined houses throughout the city over the course of my long career. While the idea of a nearby guest house or accessory dwelling unit (ADU) is certainly appealing to people of all backgrounds and nationalities, I have definitely noticed particular long-term interest among my Hispanic clients, who tend to share housing across multiple generations. (More on this in a moment.)