News Alerts. Oct. 31, 2013. Afternoon Edition. #RealEstate

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  1. Tokyo's Older Buildings Renovated to Resist Quakes | Nippon Tradings International (NTI)

    They'll add more than 300 tons to the building's weight, but could cut swaying by half, preventing structural damage that could bring a building down during a storm or quake.

    Mass dampers have saved buildings from severe 'quake damage before. During the 2008 Sichuan Earthquake, the gigantic tuned mass damper inside of Taipei 101—the city's tallest building—could be seen swaying to counteract the vibrations. It's an incredible eerie effect, but it could save lives—and buildings.

    This will be an interesting thing to watch develop.

    Source … -estate/tokyos-older-buildings-renovated -to-resist-quakes/

  2. Video: Indoor RV Park Proves to be a Hot Spot to Camp in Oil Country – KXNetKXNet – Bismarck/Minot/Williston/Dickinson

    … one RV camp is proving to be a hot spot to set up shop.

    "I think it was a great idea, there's people that really appreciate it, they just can't live outside around here in the winter time." says Kathy Bonneville, North Dakota Indoor RV Park.

    Kathy Bonneville's son is the owner of North Dakota Indoor RV Park.

    Source … or-rv-park-proves-to-be-a-hot-spot-to-ca mp

  3. The Scope of Appraisal: Does It Include Causation? : Property Insurance Coverage Law Blog

    (Note: This blog is by Ashley Smith, an attorney in our Tampa, Florida, office)

    While the appraisal procedure is commonly used in property insurance claims, the proper scope of appraisal is often contested. Courts across the country generally agree that coverage determinations are reserved only to the courts. However, courts are divided on whether determinations of causation should be considered by the appraisal process. During the following weeks I will examine each state's position on whether causation determinations fall within the purview of the appraisal panel. This state-by-state analysis will naturally begin with Florida, the state I call home.

    Florida recognizes the appraisers' authority to determine causation, and courts have developed a dual-track approach to the coverage versus causation analysis in property insurance cases.

    Source … http://www.propertyinsurancecoveragelaw. com/2013/10/articles/insurance/the-scope -of-appraisal-does-it-include-causation/ index.html

  4. As stimulus tab rises for Fed, worries grow it may require a bailout –

    When interest rates begin rising, the Fed will have to pay a higher rate on bank excess reserves. That will eat into the Fed's bottom line.

    "If the Fed were to sell those bonds for a loss, who makes up the loss? The U.S. taxpayer makes up the loss," said Peter Schiff, chief executive of investment firm Euro Pacific Capital and a leading critic of the Fed's stimulus policies.

    "When the Fed says it's going to hold those securities to maturity, it means they're taking one of their tools off the table," Mulvaney [Rep. Mick Mulvaney (R-S.C.)] said. "The buying and selling of securities is a tool."

    The Fed could start charging interest on excess reserves.

    Regardless, the critics seem to be needlessly hand wringing. A so-called bailout of the Fed would simply be shifting the monetary inflation around. It's really price inflation that we need to worry about.

    Taxpayers paying more interest on more debt (bonds) to increase the supply to bail the Fed is a small price to pay to get the economy going again, especially in the face of the Congress sitting on its hands rather than spending dollars into Main Street via really productive works projects that would, in turn, increase tax revenues.

    What's your take on it?

    Here's a two-pager on it that's worth reading: "Fed Sees Avoiding Unprecedented Losses by Holding Mortgages – SFGate." Be sure to also read Page 2 there.

    Source … d-assets-20131029,0,5946576,full.story

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