Real estate
from24/7 Wall St.
23 hours ago'Accidental Landlords' Hit Near-Record Levels -- 1 Stock to Buy, 1 to Avoid
Many sellers are becoming 'accidental landlords' as home prices remain high and mortgage rates stay near 6%.
Kevin McGonigle has agreed to an eight-year extension with Detroit that guarantees $150 million and could reach $160 million with escalators. The deal begins in 2027 and runs through 2034, covering McGonigle's final five years of club control plus his first three seasons of free agency.
In Orange County, I was the kind of person who would bury my nose in a magazine to avoid chatting with a hairdresser. I rushed through the checkout line and never said, 'How are you doing?' to someone I didn't know. If small talk was ever forced upon me, I gave away as little about myself as possible.
Detroit is perhaps best known for its legacy as the U.S.'s premier car manufacturing hub. The first auto companies set up shop in Detroit around the turn of the 20th century, and by 1917, the city's plants produced over one million cars per year. Beyond manufacturing, though, Motor City significantly impacted American pop culture.