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With interest rates still incredibly low, its easy to make a profit on the spread between your monthly mortgage payment and the rent you can get for the home. But this means you have to get a home loan, which probably means youll be working with a bank. Right now, banks are not enjoying a very good relationship with most consumers, and theres a lot of distrust in the marketplace some of it justified and some of it not. Its also true that banks would rather lend money for owner-occupied homes than investment homes, because there is less risk involved in these deals. That can make it harder to get the money you need from a lender. Consequently, some folks are making the decision to just use their own money to invest in real estate.
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Lane housing market crosses into ‘even’ territory
Insane good, you ask, or insane bad? Well, Justsold! Things are
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How to spot a housing bubble
Credit growth Strong credit growth has been cited as a key factor in fuelling a housing bubble that would eventually burst. It can be driven by low interest rates and loose lending standards, which could then lead to mortgage borrowers being over leveraged. If more and more people are taking on debt, and become heavily leveraged (level of indebtedness), a sudden change in the wider economy such as a rise in unemployment could see these mortgage holders struggle to repay their debt. “The word bubble somehow implies artificial. A clear source of artificially inflated housing prices is leverage, [or] borrowing. If money is freely available in the economy as was the case in the US in the run up to 2007, then of course people can borrow freely at very low rates,” NAB chief markets economist Rob Henderson says.
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While thats good news , home prices in the area fell between 24 and 50% from top of market, depending on the neighborhood and impact of short sales and united states R.E.O. saturation. Many homeowners that purchased at or near the top of the 07, 08 markets have a way to go before breaking even.
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Currently, Theeb Rent a Car is the second largest car hire company in all of Saudi Arabia. This property management baltimore company has become extremely popular with tourists who visit the area. According to Mohammed Al Theeb, the company currently holds 15 percent of the total car hire market in Saudi Arabia.
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Customers already have access to luxury cars from Ferrari, Lamborghini, Aston Martin, Porsche, Audi, and Mercedes-Benz. According to Hertz, the high-end program has been a hit. “Customer and industry support for Hertz’s Dream Cars has been overwhelming, so adding the Tesla Model S to the already outstanding fleet was an easy choice,” said Mark P. Frissora, Chairman and CEO, said in a press release. Naturally, it will cost more to rent Motor Trend’s Car of the Year than an old Chevy Impala.
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Rent versus Own
But, as expected, renting a Tesla (or an other luxury car) isnt cheap. At Hertz, the Tesla Model S will cost $500 per day, and cost $.49 per mile after 75 miles. Thats $150 more than a Porsche or Mercedes-Benz, which have rates of $350 per day, plus $.49 per mile after 75 miles. But the Tesla, Porsche and Mercedes-Benz are cheap compared to other offerings.
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Rent a Tesla? It’s cheap at $500 per day compared to a Ferrari
After that, you’ll be able to deduct the interest and property taxes you pay. No one likes to pay taxes, but buying a home makes it a little less taxing. Literally. The IRS has a great guide – Publication 530 – called “Tax property management baltimore Information for Homeowners.” Once you’re ready to move from renting to owning, you have a big decision to make: When do you tell your landlord? Frankly, honesty is always the best policy.
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Oakland Rent Laws to be Debated
“Tenants are not supposed to buy the owner a building and then pay rent to live in it,” said James Vann of the Oakland Tenant’s Union. “It’s the owner’s business to buy a building, and he has to make that decision based on prudent financial transactions that will provide him reasonable return.” Landlord and developer groups, however, contend that the issue of debt-service transfer is relatively rare in Oakland, and thus the city’s rent ordinance doesn’t need to be changed. From 2006 to 2012, about 5 percent of petitions brought to the Oakland Rent Board concerned debt service. Of those cases, the board turned down more than half of the requests by landlords to raise tenants’ rent. “When you move something forward to change a policy, it’s because it’s not working,” said Jill Broadhurst, executive director of the East Bay Rental Housing Association.
For the original version including any supplementary images or video, visit http://www.eastbayexpress.com/oakland/oakland-rent-laws-to-be-debated/Content?oid=3719780
Housing Future Looks Bright But is Dependent on the Job Market: Diana Olick
The company should be able to meet or beat its expectations of sales of $230 million to $250 million and EPS of $0.37 to $0.52. The company is currently testing three products that would produce significant revenue if they make it from the pipeline to the market. If these products pass the test, the order flow is expected to begin by mid-2014.
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The latest S&P/Case-Shiller home price index gained 12.4% in July vs. a year ago–its strongest showing since early 2006. But on a month-to-month-basis, prices rose at a slower pace–1.8% in the 20-city composite of the index compared to 2.2% in June. Related: Big Drop in Housing Starts Suggests a More Shaky Recovery: BNP Economist “Overall the housing market is steadily gaining but it does have several view publisher site headwinds–higher mortgage rates and very tight inventory,” says Diana Olick, real estate correspondent at CNBC. Thirty-year fixed mortgage rates are now at 4.5%, up from 3.7% a year ago.
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BOE Says It’s Alert to Housing Market Stability Risks: Economy
Treasury and regulators to ensure that banks and infrastructure providers have a high level of protection against cyber attacks. Elsewhere, consumer confidence in Germany will reach the highest since Sept. 2007 in October, according to GfK NOP Ltd. It said today its gauge will rise to 7.1 from 7 this month. In Italy , household sentiment increased to a two-year high of 101.1 in September from 98.4. China Slows Chinas economy slowed this quarter as growth in manufacturing and transportation weakened in contrast with official signs of an expansion pickup, a private survey showed. Increases in business-investment and real estate revenue also slowed, while service industries picked up and employees became tougher to find, the survey from New York-based China Beige Book International said yesterday.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-25/boe-says-it-s-alert-to-risks-to-stability-from-housing-market.html
Identifying a Top Tier Real Estate Investment Manager
to learn more
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Meaningful skin in the game, whether its the managers own capital or funds that they have raised from friends and family, ensures that the manager is personally and emotionally invested in every investment decision that is made. 2. Evaluate the Infrastructure: Do they have the requisite infrastructure to service your needs and do their job effectively? Pay particular notice for companies that have employees devoted to individual department areas such as asset management, acquisitions, investor relations, and accounting. However, dont take this to mean that bigger is better. Bigger firms are just bigger firms. In fact, smaller sized firms, defined as companies with less than $1bb in assets, have outperformed their larger counterparts by a substantial margin, according to Preqin data from 1994 to 2008, so time spent here can potentially pay large dividends. Do they run other businesses that may create a conflict of interest? Many firms are vertically integrated with property, construction, asset, and investment management all under one roof. Can a company really be best-in-class in all of these areas across multiple geographies? An additional consideration is that these revenue streams provide much needed revenue to the firms, especially the smaller ones, so the decision to sell may easily become more of an internal dialogue about an income stream rather than an external dialogue about the investment objectives of the client. Do they outsource accounting? Having an internal controller is a must at most every firm, but it is essential that the bulk of the accounting and cash management is handled by an outside, independent agency for control purposes. 3. Compensation and Fees: Are their fees guaranteed or are they performance-based? Fees paid to the investment manager should be disproportionately weighted towards performance. Guaranteed fees, which shouldnt generally exceed two percent of invested equity per year, should do no more than keep the lights on and pay minimal salaries but not be a profit center for your manager. How much of your money is being invested on day one? Good real estate investment managers are efficient in the way they raise capital and manage fees and will invest more than 95 cents of every dollar that comes in the door. Certain real estate vehicles, such as privately held REITs, can have front end loads in excess of 15 percent; meaning that for every dollar you give them, only 85 cents is actually being invested. You have lost 15 percent on day one! What is the gross to net return? This is a test to evaluate how much the investment produces in pure profits versus how much you receive, net of all fees and expenses. When things go well, investors should expect to receive 65 percent or more of all profits generated by the property after all fees and expenses have been paid to the investment manager. When things dont exactly go according to plan, the fees should be minimal across the board. 4. History and Track Record: How much experience do they have in the industry? Experience in a variety of areas of the investment and management process is important and division leaders should have 10+ years of experience in their fields of expertise. How have their investments performed? Ask them specifically to provide detail about their last five realized returns and dont simply rely on the brochure. Also, ask them about the investments that went poorly and how they handled the situation. How an investment manager behaves when things go wrong, and, from time to time they undoubtedly will, is the truest depiction of the integrity of the firm. 5. Strength of Balance Sheet: What do they have to lose? Firms with strong balance sheets and large cash positions are in a far better position to serve their clients and maximize investment value, especially through the downturns. In a vacuum, a healthy balance sheet paints a picture of a fiscally sound firm, one that has made good decisions in the past and will likely be in existence for years to come.
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CT REIA Announces 10th Annual New England Real Estate Expo In Connecticut
He helps investors understand the law and how to use it to their benefit. Attendees of this expo will learn: nine legal loopholes to grow wealth faster; asset protection structures that the wealthy use to guard against business failure, accidents, and lawsuits; important tax tips; the truth about probate that attorneys keep to themselves; how to avoid hidden dangers that take away peace of mind and financial security; how to keep legal affairs in order; the secrets of financing property the way the wealthy do; six easy steps to protecting identity; how to create a super-sized retirement; amazing secrets about using Trusts; the ten best asset protection tips to grow wealth; 1031 secrets; and much more. Guest speaker Alan Cowgill who does real estate deals exclusively using private lenders. He typically buys five houses per month and has bought or sold over 200 properties to date. Attendees of the expo will learn: how to get money to buy single-family houses, commercial buildings, apartment complexes, or luxury homes within 30 days; the crucial steps to building credibility, generating leads, securing private lenders, buying and selling properties, and more; how to pre-screen prospects and the words to get them to commit; scripts to use when talking to people, voicemails, and/or referrals; why financing from bank, line of credit, hard money lender, or creative financing can cripple a real estate business; how to do all of this with no monthly payments; and much more.
For the original version including any supplementary images or video, visit http://www.nuwireinvestor.com/opportunities/ct-reia-announces-10th-annual-new-england-real-estate-expo-61160.aspx
Further, the report covers a detailed analysis and market forecasts till 2015 of the industry verticals like tiles, electrical switch, modular kitchen, cement, paint, bathroom fittings, faucets, and furniture. Moreover, consumer & builders perspective has also been covered in the report. In addition, major trends and challenges affecting the industry, have been identified along with a detailed overview of the major players, to generate a complete understanding of the industry. Some of the reports key highlights include: – The luxury housing demand potential is expected to grow at a CAGR of around 36%.
For the original version including any supplementary images or video, visit http://www.sbwire.com/press-releases/housing-market-in-india-witnessing-huge-momentum-336849.htm
Fla.’s Housing Market Continues Upswing in August 2013
Facendini said. I think the consumer is taking a step back, he said. Everyone is still wanting to make a good business decision, even if its their home. Those buyers have instead turned to rentals, helping to drive a steep climb in prices throughout the North Bay.
For the original version including any supplementary images or video, visit http://www.northbaybusinessjournal.com/79952/housing-market-trying-to-get-a-little-closer-to-normalcy/
Housing market trying to get a little closer to normalcy
Meanwhile, pending sales for townhouse-condos last month increased 11.6 percent compared to the year-ago figure. The statewide median price for townhouse-condo properties was read more… $130,000, up 25.2 percent over the previous year. NAR reported that the national median existing condo price in July 2013 was $209,600.
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These are just a few of the factors that create the belief that the drop in casual dining has become another casualty to blame on an unstable housing market. In general, Americas slow economic recovery has resulted in a decline across the board for casual dining restaurants. Instead, more and more consumers are choosing the limited-services establishments, where they do not have to tip. Such eateries as Duncan Donuts, Chipotle, and Starbucks are experiencing strong sales trends. To increase sales in its casual-dining brands, Darden has initiated more fashionable items to its menus, such as tapas-style dishes at Olive Garden and has begun offering more discounts.
For the original version including any supplementary images or video, visit http://guardianlv.com/2013/09/unstable-housing-market-blamed-for-drop-in-casual-dining/
Real Estate Matters | Negative equity dropping as housing market improves
Homeowners with both a first and second mortgage (or a home equity loan or line of credit) are much further underwater than homeowners who only have a primary mortgage. Homeowners with one mortgage owe an average of $217,000 and are underwater by about $51,000. Homeowners with a first and second mortgage owe $292,000 and are underwater by an average of $75,000 according to the study. property management jobs maryland One cause for concern is that the study noted the bulk of home equity is concentrated at the higher end of the housing market. It provided this example: 91 percent of homes valued at greater than $200,000 have equity, compared with 80 percent of homes valued at less than $200,000. A homeowner who loses his or her job, and doesnt have much equity in the home, may face foreclosure, whereas the homeowner who has equity might only have to sell the property to get out of financial jeopardy.
For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/wp/2013/09/23/real-estate-matters-negative-equity-dropping-as-housing-market-improves/
Need a catwalk-worthy visit their website dress or purse for an event, but dont have the funds to cash in on it? Rent the Runway hooks it up for a diminutive fraction of its original price (think a Vera Wang gown for $275 instead of $2,000), provided you return your items within the allotted 4- or 8-day window. But despite its obvious advantages, and its convenience factor, the service has always seriously lacked in one area: plus sizes. CEO Jenn Hyman gathered a whos who of the fashion industrys top plus-size bloggers and journalists to introduce the brands exciting new endeavor.
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Rent The Runway’s Plus-Size Division Is Finally A Reality
“Every woman deserves to feel beautiful before the most important occasions in her life,” Hyman said in a statement released on Tuesday. “Until now, we have only been able to follow through on this undertaking for virtually half of the female population.” In today’s image-driven culture, it’s easy to forget that the average American woman wears a size 14 , so expanding its size range is a logical way for RTR to grow. The website, which allows customers to rent and return high-end designer dresses at discounted prices, now offers styles ranging from sizes 14 to 22. Designers Badgley Mischka, Carmen Marc Valvo and Theia have crafted RTR exclusives, and the site will continue to offer existing plus-size styles by Kay Unger and Adrianna Papell. According to our friends at Fashionista, when Hyman originally proposed her site incorporate a larger size range, she was “literally laughed out of the room.” We’re glad e-commerce is helping to improve on the styles that make Tim Gunn want to throw himself out the window .
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Fla.’s Housing Market Continues Upswing in August 2013
SPACE IS LIMITED Three of today’s seven private mortgage insurers – NMI Holdings, Arch Capital Group Ltd (ACGL.O) and Essent Guaranty Inc – entered the business by acquiring the operating platform of a company that had stopped writing new insurance. Essent Group Ltd and NMI, which raised about $510 million in a private placement of its shares in April 2012, have both filed for an initial public offering of their shares. They declined to comment ahead of their respective listings. With no more such platforms available, any company seeking entry to the market now would have to start from scratch.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/09/19/us-housing-insurers-idUSBRE98I0U620130919
(Logo: http://photos.prnewswire.com/prnh/20110314/DC64568LOGO ) “Both sales and prices demonstrate that Florida’s housing market is growing and continuing to gain strength,” said 2013 Florida Realtors President here. Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “The growth in jobs and other positive signs are putting buyers at ease with how the economy is progressing.
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