WEALTH

AUTOS

If Six Were Twelve: This Ferrari Enzo–Aping Pontiac Fiero Can Be Yours For Just $6000!

When General Motors launched the Pontiac Fiero, with its mid-engined architecture and easily replaceable plastic body panels, it had to have known that some enterprising homebrew artists would quickly adapt Ferrari-esque coachwork to their new sports car. – What they couldn’t have imagined when the car went on sale toward the end of 1983 is the mighty Ferrari Enzo, a car almost two decades in the future. Not as pretty as

If Six Were Twelve: This Ferrari Enzo–Aping Pontiac Fiero Can Be Yours For Just $6000!

When General Motors launched the Pontiac Fiero, with its mid-engined architecture and easily replaceable plastic body panels, it had to have known that some enterprising homebrew artists would quickly adapt Ferrari-esque coachwork to their new sports car. – What they couldn’t have imagined when the car went on sale toward the end of 1983 is the mighty Ferrari Enzo, a car almost two decades in the future. Not as pretty as

Passel of Safety Features, New Infotainment Coming to Affordable VW Golf, GTI, Beetle, Jetta for 2016

– Volkswagen is expanding the availability of many of the latest high-tech safety systems to models throughout its lineup. Many were formerly the exclusive province of the Touareg, but now will be offered on the Golf, GTI, Beetle, Jetta, and CC. – Volkswagen’s Lane Assist provides a measure of active steering at speeds above 40 mph, provided it can see the lane markings. It’s available on the Golf, GTI, Golf

REAL ESTATE

Western Canadian office vacancy rates to hit 20-year high: report

By Allison Lampert MONTREAL (Reuters) – Sliding commodity prices and record levels of office construction could drive Western Canadian downtown vacancy rates to a two-decade high, one of the world’s biggest commercial real estate services firms has forecast. Despite growth in the high-tech sector, weaker demand from resource and energy companies is boosting vacancy rates in Vancouver, Calgary and Edmonton to levels unseen since Canada’s economic slowdown of the early

China overtakes US as Australia's largest foreign investor

China has for the first time overtaken the United States as Australia’s largest source of foreign investment, according to official data, laying out Aus$27.7 billion (US$21.8 billion) in 2013-14 as real estate purchases more than doubled. The Asian economic giant’s spending in Australia for the year ending June 30, 2014 far outstripped the Aus$17.5 billion from the United States — which was the biggest investor for more than a decade

How to Handle Living in a Community With a HOA

Filed under: Buying, How To, Renting Apostol_8/GettyCondos and many newer communities require paying dues and following the Homeowners Association’s rules. By Teresa Mears If you buy a condominium, townhouse or single-family home in a newer development, you’re likely to become a member of a community association. About 20 percent of Americans live in a community governed by a condo association, homeowners association or co-op board, according to the Community Associations

Canada housing overvalued, but low risk of overheating: CMHC

By Andrea Hopkins TORONTO (Reuters) – Canadian house prices are slightly overvalued but there is low risk of overheating or overbuilding, the federal housing agency said on Thursday in a report that is at odds with persistent concerns that real estate bubbles are growing in several cities. In its quarterly measure of four risk factors that could indicate problematic conditions in Canada’s housing markets, the Canada Mortgage and Housing Corp

Mortgage Rates Rise, but Predictions Remain Steady

Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans rose this week, with the rate borrowers were quoted on Zillow Mortgages at 3.61 percent on Tuesday, up 8 basis points from the same time last week. On Thursday morning, the national rate was at 3.71%. However, the long-predicted rise in

LUXURY

Christie’s sells Picasso painting for $179.4M

“Vue sur L’Estaque et le Château d’If” from Christie’s auction Art auctioneer Christie’s saw the highest ever sale for a work of art May 11 for a Pablo Picasso painting. The 1955 “Les Femmes d’Alger (Version ‘O’)” sold for $179.4 million, $39 million more than was expected. The high price shows that interest in art has not dwindled across generations, especially considering the all time high for a sculpture was

Valentino raises funds through fashion

The Cash & Rocket tour covers vintage and luxury vehicles in red Italian fashion house Valentino is using its design skills to raise money for the upcoming Cash & Rocket tour. From May 15-19, a caravan of 35 red cars driven by 70 of the most successful women will take a tour from London to Cannes, France, to generate funds and awareness for charities that support women and children in

6pc of retailers can identify consumers upon entering store: report

Swarovski rewards app Whether through smartphones, iBeacons or other technologies, retailers are ramping up their ability to pinpoint consumers and tailor shopping experiences, according to a new report by Boston Retail Partners. Ninety percent of retailers can identify consumers at the in-store check-out, up 17 percent from the year-ago period, but that is generally too late to make an impact, no matter how useful for profile-building and future engagement. In

Hermès drives interest via monthly Petit h mystery boxes

Items created for Petit h French leather goods brand Hermès is increasing exposure for its whimsical Petit h line through surprise gifts, available on a monthly basis. The email included a subject line reading, “Lucky you, a lucky dip!” and within the body a rotating image shows Hermès’ signature orange boxes surrounding by question marks. In the beauty space monthly surprise boxes, often consisting of samples, have become very popular and

Luxury celebrates Venice Biennale with art installations, sponsorships

The Venice Biennale International Art Exhibition opened May 9 The 56th Venice Biennale International Art Exhibition in Italy celebrated its opening weekend May 9, and many luxury brands used the opportunity to connect with the affluent consumers who frequent the event. Brands including Marni, Missoni and Jaeger-LeCoultre participated by hosting their own exhibitions and sponsoring artists whose work was on display. Luxury and the arts are closely connected, and it