Chinese Movie Star Owner of $1.2 Million Pasadena House Says He Will Divorce, Announcement Garners 5 Billion Views

first_img Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Business News Herbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Make a comment Community Newscenter_img EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Top of the News 2 recommended0 commentsShareShareTweetSharePin it Chinese action movie and TV star Wang Baoqiang, who owns a $1.2 million house in East Pasadena, is seeking to divorce his actress wife Ma Rong over an alleged extramarital affair with his agent.The 32-year-old star who’s known to fans as Baobao wrote a post on Weibo last week announcing that he was divorcing his wife and firing his agent, Song Zhe, after discovering an alleged sexual relationship between the two.Wang’s message instantly went viral. According to Sina Weibo, posts with the hashtag #WangBaoQiangDivorce have been viewed over five billion times, about four times the number of China’s population.In a later post, Ma said Wang had abandoned their family, and threatened to sue him for defamation; she filed a case against Wang on August 16The couple’s house is reportedly located in the 1500 block of Riviera Drive in Hastings Ranch. Online real estate sites report the value of the home, which sits on 0.33 acres of land, as $1.22 million.Wang is described as a versatile actor also known for an “earnest” image. Wang’s roles have spanned art house favorites like Berlin Silver Bear winner “Blind Shaft” and Jia Zhangke’s “A Touch of Sin.” His directorial debut, action comedy “Buddies in India,” is set for release in China in December.Wang filed for divorce in Beijing court on Monday, reportedly seeking custody of the couple’s children and division of their assets.On Tuesday, Ma responded by suing Wang for defamation of character and demanding that he delete the original Weibo post and formally apologize. She also fired back at Wang on WeChat, saying that he had abandoned his family.The two were married in 2009 and have a young son and daughter. Wang asked that the public respect the privacy of their family as they proceed with the legal process.Following Wang’s public statement, his now former agent, made an apology on Weibo, says a report on the New Straits Times. Name (required)  Mail (required) (not be published)  Website  Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. People Chinese Movie Star Owner of $1.2 Million Pasadena House Says He Will Divorce, Announcement Garners 5 Billion Views From STAFF REPORTS Published on Monday, August 22, 2016 | 4:46 pm Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy last_img read more

The Socioeconomic Impact of Postforeclosure Sales

first_img Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Foreclosure, Investment, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Share Save The Socioeconomic Impact of Postforeclosure Sales Many foreclosures during the recession occurred in minority or disadvantaged neighborhoods, the Joint Center for Housing Studies of Harvard University (JSHS) notes, but in a paper recently published in City and Community, Jackelyn Hwang, Assistant Professor of Sociology at Stanford, takes a closer look at how foreclosure purchases shift at the neighborhood level, with a focus on Boston.In her study, titled “Racialized Recovery: Postforeclosure Pathways in Boston Neighborhoods,” Hwang found that many differences are tied to management practices. Hwang found that corporations were more likely to purchase foreclosed properties in predominantly black neighborhoods. Meanwhile, owner‐occupants were more likely to purchase foreclosures in hard‐hit mixed‐ethnoracial neighborhoods with substantial shares of non‐Hispanic/Latinx whites.Foreclosures in Boston are heavily concentrated in black neighborhoods, and as JSHS notes, over 80% of Boston’s foreclosures occured in just five of the city’s 15 planning districts, which make up just 30% of Boston’s housing units.“Compared to the city as a whole, the high-foreclosure block groups were, on average, home to about half as many whites and twice as many blacks,” said David Luberoff is Deputy Director of the JSHS. “However, high-foreclosure block groups were not the city’s most disadvantaged areas, which have large numbers of publicly subsidized housing units that are not likely to be subject to foreclosure.”According to Hwang, corporations were more likely to resell previously foreclosed properties to other investors and have reported maintenance issues against them. With this in mind, Hwang’s study alleges that “predominantly black neighborhoods hit hard by foreclosures in Boston were left further behind in the recovery from the housing crisis compared to other hard‐hit neighborhoods.”Stabilization, Hwang notes, would “require resources and incentives for both owner‐occupants and investors—both small and large—to maintain their properties and for investors to fill properties with long‐term renters.”Hwang’s complete study can be found here. Boston Foreclosure Investment Postforeclosure 2020-01-20 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. January 20, 2020 2,606 Views About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Socioeconomic Impact of Postforeclosure Sales Tagged with: Boston Foreclosure Investment Postforeclosurecenter_img Previous: Laudan Closing Property Preservation Business, Shifting Focus to Inspections Next: Keeping Afloat in Financial Services Law The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Subscribe Sign up for DS News Daily last_img read more