Developers Spiking Homeowner Contracts With Hidden Resale Fee Covenants

Developers Spiking Homeowner Contracts With Hidden Resale Fee Covenants

Last April, Techdirt pointed out that a financial firm in Texas was trying to attach “private transfer fees” to homes, so that developers would get a little bit of each sale as it passed among owners in the years to come. It sounded crazy then–imagine having to pay royalties on clothes or furniture whenever you resold them–but the firm is aggressively expanding its plan and has signed up more than 5,000 developers across the country, reports the New York Times. If you buy a new house in the next decade, look for a “resale fee” covenant hidden in a separate document that might not be included in your closing papers or even require a signature. [More]

Las Vegas Builders Say No More New Casinos For The Next Decade

Las Vegas Builders Say No More New Casinos For The Next Decade

We hope you like the current casinos in Las Vegas, because that’s what you can look forward to for the next 10 years or so. No newly built Mount Rushmore facade, no Mini Grand Canyon indoor shopping avenue, no Godzilla-shaped hotel—nothing new to delight the vulgar parts of your optic nerve. The Wall Street Journal says after a decade in which casinos spent more than $30 billion on expansions, they’re now going to pay off debt and focus on “branding, marketing and customer loyalty.”

Creative Backs Down, Reinstates Spurned Developer

Creative Backs Down, Reinstates Spurned Developer

Creative Labs heard your chest-beating across the internet and decided to reinstate spurned developer Daniel_K less than a week after booting him from their forums. Unlike Creative, Daniel_K issued drivers that allowed Creative sound cards to work properly under Vista, and even enabled previously crippled features. The drivers were downloaded over 100,000 times. The company thanked the developer by accusing him of “enabling our technology and IP to run on sound cards for which it was not originally offered or intended, [in] effect, stealing our goods.” Even though he has been reinstated, Daniel_K is still pissed.