Santa Barbara County News and Events

Trump pledges to ban institutional homebuyers. Is he bluffing?

Kraig Pakulski 0 22 Article rating: No rating

Facade of the Trump condo hotel in Chicago, Illinois.

Leigh Trail // Shutterstock

 

“People live in homes, not corporations,” perfectly summed up the tone for President Donald Trump’s attention-grabbing Truth Social post on Jan. 7. In a short, blunt message, Trump took aim at large investors buying up single-family homes at scale, framing the practice as a threat to affordability for everyday Americans and to homeownership itself.

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard and doing the right thing.” Trump said. He then followed that statement with a crystal-clear declaration. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it.”

At its core, Trump’s post positions him as a staunch defender against rising housing costs while also allowing him to control the hot-button affordability narrative. While taking over the conversation is a smart move on Trump’s part, TurboTenant looks at what a ban like this would actually mean, and how realistic it is that his proposal will actually come to fruition.

First, what is an institutional investor?

Before exploring why Trump wants to ban institutional investors, let’s clarify exactly who they are and their influence on the housing market.

Institutional investors are large organizations that invest in rental property using pooled capital from investors or shareholders. They operate at scale, deploy large-scale property management systems, and follow formal investment strategies. Individual buyers (the majority of single-family homeowners that Trump says he wants to protect) typically purchase homes to live in or manage rental properties on a far smaller scale.

Private equity firms, real estate investment trusts, and asset managers (all types of institutional investors) can purchase dozens or even hundreds of homes in a single transaction, often with cash, allowing them to outbid individual buyers regularly, move faster than traditional landlords, and push home prices higher to stave off competition. The fear is that these large corporations make it very difficult for first-time homebuyers to live the “American Dream” and purchase their first properties.

Blackstone, one of the most widely known institutional investors, built one of the largest single-family rental portfolios in the country in the years following the 2008 housing crash. From 2012 to 2016, the firm strategically acquired 50,000 single-family homes across several fast-growing metro areas, thereby concentrating ownership and blindsiding mom-and-pop landlords looking to expand their portfol

The 10 fastest-growing US Instagram accounts of 2025

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Jimmy Donaldson, also known as MrBeast, attends the Season 2 premiere of Amazon Prime Video's 'Beast Games' in Los Angeles, California.

Photo by Victoria Sirakova // Getty Images

 

For decades, pop culture had clear scorecards. Billboard charts tracked which songs Americans were listening to. Box office numbers measured which movies captured the national imagination. Nielsen ratings revealed which TV moments brought the country together. These metrics revealed what mattered, what was breaking through the noise and earning mass attention in a given week, month, or year.

In 2025, Instagram follower gains functioned as a real-time measure of cultural relevance. Unlike total follower counts, which reflect accumulated influence over years, follower growth reveals who is winning the attention economy right now. It captures momentum, the voices, personalities, and movements that are breaking through at scale and commanding fresh interest from millions of people.

Data from Hypeauditor reveals the 10 fastest-growing U.S. Instagram accounts of 2025 gained a combined 105 million followers. That number alone signals how much cultural weight the platform carries. But the composition of the list tells a more specific story about where American attention actually went this year.

MrBeast led all U.S. accounts with 18.7 million new followers, driven by Beast Games 2 and his continued dominance in large-scale viral content. His presence at the top is unsurprising; he’s built an entertainment empire on spectacle and generosity, and the formula keeps working.

The political entries reveal how charged 2025 was, with President Donald Trump adding 11.5 million followers during his return to office. New York City mayor Zohran Mamdani built his entire 11.3 million following from zero during his campaign, riding progressive messaging and historic candidacy.

But the year’s most striking pattern was the rise of transformation content. Fitness creator Ashton Hall went from relative obscurity to 18.3 million followers — a 292% increase — preaching discipline and self-reinvention with the mantra “You can reinvent your entire life in 1 year.”

Entertainment, politics, and self-improvement. The three categories dominated the leaderboard, mapping directly to what captured American attention in 2025. Below, Net Influencer rounded up the 10 Instagram accounts that grew their follower counts the most.

The 10 Fastest-Growing US Instagram Accounts of 2025

An infographic listing the top 10 fastest-growing Instagram accounts as of 2025.

Net Influencer

#1. MrBeast | @mrbeast
Gained: +18.7M followers
2025 total: 83.4M followers

The YouTube titan promoted “Beast Games” Season 2 (which released Jan. 7, 2026, on Prime Vide

The economics of private aviation: When it makes sense to lease and when it makes sense to own

Kraig Pakulski 0 34 Article rating: No rating

A row of private business jets in an airport in King County, Seattle.

Thiago B Trevisan // Shutterstock

 

For decades, there were two choices in air travel: buy the jet or fly commercial. That binary is changing. A shift in financial realities has opened up a third lane, fundamentally changing how businesses and high-net-worth individuals get from point A to B.

This analysis from Fractional Jet Ownership evaluates the real-world costs of both models to determine when it makes sense to lease and when it makes sense to own a private jet.

Unpacking Private Jet Ownership Costs

According to the National Business Aviation Association (NBAA), the depreciation and operational costs of full ownership no longer make financial sense compared to leasing and fractional models for travelers logging fewer than 400 flight hours annually.

While the “billionaire owner” stereotype persists in headlines, the modern private aviation consumer is increasingly prioritizing capital liquidity over asset accumulation.

The upfront purchase price of a private aircraft often varies depending on the aircraft chosen and whether it’s purchased new or used. While entry-level light jets like the Cirrus Vision Jet may start around $2 million, and converted commercial liners like a customized Boeing 747 can exceed $350 million, the purchase price is rarely the defining economic factor.

The primary erosion of value comes from depreciation. Much like luxury automobiles, new aircraft depreciate immediately upon delivery. According to PwC’s Depreciation of Business Aircraft (2024), business aircraft experience predictable early‑life value declines driven by market valuation behavior.

And the level of depreciation varies. Kevin O’Leary, president of Jet Advisors, estimates that it sits in the 5%-7% range each year. The more an aircraft is used, the faster it will depreciate. For a $20 million midsize jet, this equates to a $1 million loss in value per year, regardless of how often the plane leaves the tarmac.

Beyond the purchase price, fixed annual costs—hangarage, insurance, crew salaries, and pilot training—accrue whether the aircraft flies 10 hours or 500 hours. When these fixed costs are divided by a low number of flight hours, the effective “cost per hour” skyrockets.

The 400-Hour Rule

Once a private jet is purchased, ongoing operating costs must be paid. These are typically combined as a collective operational price per flight hour, which, again, varies depending on the size and complexity of the plane in question.

According to the R

What it was like to pilot the supersonic Concorde jet

Kraig Pakulski 0 29 Article rating: No rating

By Francesca Street, CNN

(CNN) — On January 21, 1976 a teenage John Tye was among crowds of onlookers clinging to a chain link fence, cheering as the first commercial British Airways Concorde flight departed from London’s Heathrow airport.

Tye was exhilarated, amazed and inspired as he saw this sleek, supersonic airplane of the future climb into the skies and make history.

Little did Tye know some 20 years later, he’d be sitting in the Concorde flight deck for the first time, pinching himself that his teenage dream was coming true.

Tye vividly recalls his first moments flying Concorde. Sure, he’d gone through extensive training, he’d practiced on the simulator — but this was the real deal. It was a feeling he could never have fully prepared for.

Tye and his fellow training pilots were in Seville, Spain. It was a beautiful Thursday evening — “the sun was just setting, you could see a big ball of fire at the end of runway,” as Tye puts it.

“We got in and started the engines, and to feel those four Rolls-Royce Olympus engines starting up and the airplane vibration for the very first time was just absolutely mind blowing,” Tye tells CNN Travel.

Tye synchronized his watch with the training captain and the flight engineer. Then, they counted down and prepared for takeoff.

“It’s ‘three, two, one — now,’ and I pushed all four throttles fully forward in my left hand and I was just shoved back into my seat — an experience I could never describe, the acceleration as you shot off down the runway,” he says.

Then, the Concorde was in the air, building height.

“That 20 minutes was the most incredible experience in my aviation career. It was just absolutely unbelievable,” says Tye.

Early days

For nearly three decades before it retired in November 2003, Concorde aircraft sped through the skies above the Atlantic in just under three and a half hours, flying at twice the speed of sound.

Most of us can only imagine what it was like to be on board — after all, these aircraft were small, with room for just 100 passengers per flight, and ticket prices were steep.

While comparatively few people experienced what it was like to travel on Concorde, even fewer know the feeling of piloting the fastest passenger plane ever to enter commercial service.

British Airways and Air France were the only two airlines who operated the aircraft. It’s said that during the aircraft’s 27 years of service, there were more qualified American astronauts than there were British Airways Concorde pilots.

When Tye first piloted Concorde in the late 1990s, the airplane had been established for two decades. Peter Duffey was there at the very beginning, as one of the first British Airways pilots selected to trial the aircraft. Duffey passed away in 2024 at the age of 98, but he spoke to CNN Travel in 2023 about his experience on Concorde.

“I was involved in the development — flying with the test pilots,” Duffey told CNN Travel. “We flew to Australia and Canada, carrying a lot of passengers.”

Duffey learned to fly as an Royal Air Force pilot during World War II. He later flew the de Havilland Comet, the first commerical turbojet engine aircraft, and one of its successors, the de Havilland Comet 4. When Concorde came calling, Duffey was an established British Airways training pilot on the Boeing 707.

“We knew Concorde was coming, and most people felt intrigued and wanted to get onto the aircraft. So I put my name down for it,” he recalled.

Duffey helped mastermind the first Concorde training scheme, and flew the aircraft until he retired in 1980.

Also there at the beginning was pilot Jock Lowe, who shares a birthday with Concorde — he turned 25 the day the supersonic plane first took to the skies in 1969.

Lowe remembers watc

Qué son las leyes FACE y KKK que podrían usarse para procesar a los manifestantes de las iglesias de Minnesota

Kraig Pakulski 0 21 Article rating: No rating

Por Cindy Von Quednow, CNN

Los servicios religiosos del domingo estaban en marcha en la Iglesia Cities en St. Paul, Minnesota, cuando los manifestantes entraron y comenzaron a gritar “Justicia para Renee Good” e “ICE fuera”, según muestra un video del incidente.

“¡Qué vergüenza!”, grita una persona en el podio de la iglesia.

Los manifestantes acudieron a la iglesia para protestar contra David Easterwood, quien figura en el sitio web del templo como uno de los pastores y parece ser el mismo alto funcionario de ICE en Minneapolis–Saint Paul, las Ciudades Gemelas.

Recientemente, Easterwood fue acusado en un caso presentado por manifestantes que alegan que los agentes de inmigración violaron sus derechos amparados por la Primera y la Cuarta Enmienda.

El presidente Donald Trump llamó a los manifestantes en la iglesia “agitadores e insurrectos” y afirmó que son “alborotadores que deberían ser encarcelados o expulsados ​​del país”.

Ahora, los manifestantes podrían enfrentar un proceso judicial. Harmeet Dhillon, subsecretaria de Justcia adjunta para los derechos civiles, afirmó que los manifestantes estaban “profanando un lugar de culto e interfiriendo con los fieles cristianos”.

La División de Derechos Civiles del Departamento de Justicia ahora está investigando cargos contra los manifestantes utilizando dos estatutos federales: la Ley de Libertad de Acceso a las Entradas de Clínicas (FACE) y la Ley del Ku Klux Klan, informó.

“Todos en la comunidad de protesta deben saber que el Gobierno federal desplegará toda su fuerza para evitar que esto suceda y encarcelar a la gente durante mucho tiempo”, advirtió Dhillon en The Benny Show, un podcast del influencer conservador Benny Johnson.

Esto es lo que debes saber sobre ambas leyes y cómo podrían aplicarse.

La Ley FACE, promulgada en 1994, es una ley federal que prohíbe “el uso de la fuerza o la amenaza de fuerza u obstrucción física para herir, intimidar o interferir intencionalmente o intentar herir, intimidar o interferir con cualquier persona que ejerza o busque ejercer legalmente el derecho de libertad religiosa de la Primera Enmienda en un lugar de culto religioso”.

El estatuto también protege a las instalaciones que prestan servicios de salud reproductiva.

El castigo varía desde una multa hasta prisión o ambas, según el FBI.

Hasta 2024, el Departamento de Justicia ha presentado más de 15 acciones de la Ley FACE en al menos una docena de estados, y hay investigaciones en curso en otros, según un comunicado de prensa del Departamento de Justicia.

En un caso de 2024, el Departamento de Justicia presentó una demanda contra personas que participaban en una protesta y que “atacaron” una sinagoga en Nueva Jersey durante una protesta que se volvió

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