News Alerts, Aug. 31, 2013, Afternoon Edition, 3 New Articles, Real Estate +, Don't Miss Them

Linking ≠ endorsement. Enjoy and share:

  1. To taper or not to taper – Bankrate, Inc.

    By Mark Hamrick · Monday, August 26, 2013. Posted: 2 pm ET

    Amid volatility in financial markets tied to an anticipated scaling down of the Federal Reserve's economic stimulus, top economists are weighing in on when the central bank will make the change.

    At issue is how and when to wind down the pace of $85 billion in monthly asset purchases. A survey of members of the National Association of Business Economics finds that 39 percent expect the Fed to begin to wind down the asset-purchase program in the fourth quarter of this year. Some 27 percent expect the deceleration to start in the first quarter of 2014. Just 10 percent see it happening in the current quarter.

    Rates have risen anyway…

    Read the source article … l-reserve/to-taper-or-not-to-taper/

  2. Chetrit Group Hotels | King Grove Hotel

    …Scheetz and the Chetrits had been battling behind the scenes over the operation of the Hotel Chelsea — still the home of rent-stabilized tenants — which the Chetrit Group acquired for $79 million in 2011. The company's plans to convert the property into a King & Grove hotel met with numerous public relations snafus and construction hurdles, including a stop work order the Department of Buildings issued in May after a construction incident knocked out the building's heat, hot water and cooking gas.

    Scheetz informed the tenants that his firm acquired 100 percent of the equity after buying out the site from the Chetrit Group and David Bistricer's Clipper Equity.

    "We now own 100 percent of the hotel and we intend to make a number of significant enhancements to the way the property is managed and the manner in which the restoration is conducted," said Scheetz in the memo to tenants.

    Read the source article … hetrits-king-grove-break-up-hotel-partne rship/

  3. Bruegel | Blogs review: Takeaways from Jackson Hole Bruegel | Blogs review: Takeaways from Jackson Hole

    By Jérémie Cohen-Setton on 28th August 2013

    What's at stake: Although Jackson Hole was relatively calmer this year in the absence of market moving speeches, it featured a number of provocative research papers. Robert Hall suggested that the tradition of regarding high unemployment as a disequilibrium may rest on a misunderstanding. …

    Financial crises, higher discount factor and higher equilibrium unemployment

    Robert Hall writes that the tradition of regarding high unemployment as a disequilibrium that gradually rectifies itself by price-wage adjustment may rest on a misunderstanding of the mechanism of high unemployment.

    … The job value is the present discounted value of the future difference between a worker's productivity and the worker's pay. Even if that difference is unaffected by a negative shock, if an increase in discount rates accompanies the shock, the job value will decline and unemployment will rise accordingly.

    Read the source article … ticle/1143-blogs-review-takeaways-from-j ackson-hole/

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.