Monthly Archives: September 2013

Real Estate Investing With Cash? Why You Should Reconsider

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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.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/zillow/2013/08/01/real-estate-investing-with-cash-why-you-should-reconsider/

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Housing Market

Lane housing market crosses into ‘even’ territory

Missing toddler 20-month-old Alya Reynolds went missing two years ago

Insane good, you ask, or insane bad? Well, Justsold! Things are
For the original version including any supplementary images or video, visit http://nypost.com/tag/housing-market/

How to spot a housing bubble

Are we in a housing bubble? (Video Thumbnail)

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.
For the original version including any supplementary images or video, visit http://www.theage.com.au/business/the-economy/how-to-spot-a-housing-bubble-20130925-2ue44.html

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.
For the original version including any supplementary images or video, visit http://www.examiner.com/article/lane-housing-market-crosses-into-even-territory

Investcorp Buys 30 Percent Stake In Theeb Rent A Car

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.
For the original version including any supplementary images or video, visit http://news.carrentals.co.uk/investcorp-buys-30-percent-stake-in-theeb-rent-a-car-34266438.html

Now You Can Rent A Tesla Model S From Hertz

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.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/now-rent-tesla-model-hertz-203202870.html

Rent versus Own

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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.
For the original version including any supplementary images or video, visit http://www.theweeklydriver.com/rent-tesla-cheap-500-per-day-compared-ferrari/

Rent a Tesla? It’s cheap at $500 per day compared to a Ferrari

Hertz now has the Telsa Model S for rent at $500 per day.

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.
For the original version including any supplementary images or video, visit http://www.examiner.com/article/rent-versus-own

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

Coleman Cable: Plenty Of Upside On Valuation And The Housing Recovery

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.
For the original version including any supplementary images or video, visit http://seekingalpha.com/article/1711912-coleman-cable-plenty-of-upside-on-valuation-and-the-housing-recovery

David Zanoni picture

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.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/blogs/daily-ticker/housing-future-looks-bright-dependent-job-market-diana-150906497.html

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