FICO just announced a new scoring system that could change your credit score. The majority of people (110 million people, to be more exact) will only see a 20 point difference, if that. About 80 million will see a much more significant change in their scores. Bullet points below for easier explanation.
Moral of the story is this: Minimize your debt and always pay on time to increase your chances of qualifying for a credit card, home loan, and/or a decent date!
The Berkeley Way West building, that is. The tech giant has now taken over its first East Bay office in order to house two artificial intelligence companies it purchased last year, Semantic Machines and Bonsai. We've seen in the past how tech companies in Silicon Valley affected home prices all around the Bay, so TBD on how this will influence home values in the already coveted Berkeley area.
Big news for both renters and landlords in Oakland—the City Council unanimously approved an ordinance banning landlords from inquiring about potential tenant's criminal history or rejecting them based on having a criminal record. Berkeley is planning to vote on a similar measure in February.
Long but necessary list of exemptions include: single family homes, duplexes, triplexes, in-laws with the owner living on the property, tenants looking for a roommate, and government-subsidized affordable housing.
Supporters say this will help to ensure those with criminal records have an equal chance to secure housing and successfully reintegrate themselves back into the community. Landlords have 6 months to adapt to the law, or they'll be fined up to $1000 for each violation.
All things real estate.