News, Commentary, & Analysis. Mar. 9, 2014. #RealEstate #Insurance #Economics

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Table of Contents
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1) Gas to Beat Coal as Made-in-Australia Export: Chart of the Day – Bloomberg

2) Real Estate Investors Rediscover Risk – Forbes

3) [Future how soon?] Suborbital commercial spaceflights could transform global real estate | Inman News

4) Space radar could predict massive sinkholes a month before they collapse – Quartz

5) Canadian bitcoin bank collapses after hackers steal digital currency | canada.com

6) Upper East Side resident says landlord cleared out WRONG apartment by accident – NY Daily News

7) UN: China, US climate cooperation raises hopes for global deal – Newsroom – Ag Professional

8) Task Force: California storms didn't end drought – San Jose Mercury News

9) Due Diligence Checklist | Blog of Real Return Real Estate

10) The 20 Richest Real Estate Tycoons On The Forbes Billionaires List – Forbes

  1.    Gas to Beat Coal as Made-in-Australia Export: Chart of the Day – Bloomberg

    Liquefied natural gas will overtake coal as Australia's second-biggest export earner by 2017, according to UBS AG, as China steps up purchases of cleaner energy to fuel its economic growth.

    The strongest market for Australian LNG will come from China, as the world's second-largest economy continues to expand at 7 percent to 8 percent annually and more people move from rural areas to cities, said Stephen Walters, chief economist at J.P. Morgan Australia Ltd. in Sydney.

    According to experts, 7-8% growth is highly unlikely to continue.

    Add your comment.


  2.    Real Estate Investors Rediscover Risk – Forbes

    Carla Passino:

    The tide has changed in real estate investments. Until last year, wealthy buyers were primarily looking at property as a safe haven for their capital, a trend that had started after the credit crunch and ensuing real estate market crashes.

    In 2013, however, analysts spotted the first signs of a renewed interest in riskier but more rewarding investments, and this more aggressive approach has truly come into its own this year, according to the Wealth Report 2014, a study on global private wealth and investments ….

    The time to get in is now if you have the cash? What do you think?

    Add your comment.


  3.    [Future how soon?] Suborbital commercial spaceflights could transform global real estate | Inman News

    Liam Bailey, Knight Frank's Global Head of Residential Research, says, "By traveling outside the Earth's atmosphere, gravitational forces will allow spacecraft to travel at [more than] 4,000 miles per hour, so breakfast in Mayfair could easily be followed by lunch overlooking Sydney Opera House. It doesn't take much imagination to see the dramatic impact this innovation could have on global luxury property markets."

    Add your comment.


  4.    Space radar could predict massive sinkholes a month before they collapse – Quartz

    … America's space agency, NASA, said today it may have developed a way to predict sinkholes up to a month before the ground collapses, saving lives and money. The early warning is provided by interferometric synthetic aperture radar (iSAR), which could be mounted on planes or satellites to scan sinkhole prone areas. +

    iSAR scans the ground multiple times in multiple wavelengths to put together interferograms, which can show tiny movements of the earth, including the ripples of earthquakes, the effects of flooding on riverbanks, or where the ground is sinking.

    We've long been concerned about the impact upon the Earth's crust from mining and oil and other extractions. This new radar method will help save lives, but there will still be plenty of property losses. Smaller holes may be able to be filled from underneath; but where there's been huge extractions, it may take comparable filling to make up for it. Will technology continue advancing at a rate to meet all the challenges?

    Add your comment.


  5.    Canadian bitcoin bank collapses after hackers steal digital currency | canada.com

    A Canadian bank specializing in bitcoins says it has closed after computer hackers stole its digital currency.

    The closure of the Flexcoin bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange. The Japan-based Mt. Gox also linked its demise to an electronic heist.

    The twin failures of Mt. Gox and Flexcoin will likely raise more doubts about bitcoin's ability to establish itself as an alternative currency.

    Add your comment.


  6.    Upper East Side resident says landlord cleared out WRONG apartment by accident – NY Daily News

    New York City:

    An Upper East Side software maker says his $1,700-a-month apartment was stripped almost bare in a bizarre mistake — with a lifetime of memories, clothes and furniture shipped to the city dump.

    Nilay Shroff, 27, filed suit alleging a massive management mixup sent a cleaning contractor to his apartment 2D instead of nearby 2B inside 409 E. 74th St.

    "I dropped the groceries and called 911."

    Add your comment.


  7.    UN: China, US climate cooperation raises hopes for global deal – Newsroom – Ag Professional

    Closer cooperation between China and the United States, the top two greenhouse gas emitters, on combating global warming is boosting prospects for a U.N. deal meant to be agreed next year, the U.N.'s climate chief said on Wednesday.

    China has suffered domestic protests against air pollution, caused by wide use of coal, which costs it up to 8 percent of gross domestic product in healthcare and lost farm output.

    8% of GDP might be an understatement given the longterm problems that won't show up for years.

    Add your comment.


  8.    Task Force: California storms didn't end drought – San Jose Mercury News

    The state's Drought Task Force says two recent storms that washed over drought-stricken California were welcome, but that the state still needs a lot more rain.

    California Natural Resources Agency Secretary John Laird said Tuesday that the state needs a storm every other day through May to reach normal.

    "…every other day through May…"? Wow.

    They better get to work on desalinization plants to be ready for the next big drought after this one lifts. Agree? We think they should have done it decades ago.

    Add your comment.


  9.    Due Diligence Checklist | Blog of Real Return Real Estate

    Due diligence isn't just important, it is critical to success. Business decisions are based on solid information, you must be able to justify your decisions based on due diligence. Here is a very thorough checklist of due diligence items to complete.

    Flood zone and other hazards, pollution (including noise), how long on the market, owner's reason for selling (urgency), preliminary title-search, home inspection (professional if you don't know what you're doing), appraisal (?), existing-tenant documentation, construction estimates, …. What would you add?

    Add your comment.


  10.    The 20 Richest Real Estate Tycoons On The Forbes Billionaires List – Forbes

    Erin Carlyle:

    it's not surprising that Asian-Pacific countries are leading the world in terms of property fortunes, with 72 billionaires counting real estate as a major part of their fortunes. The U.S. ranks second as a regional real estate wealth creator, with 29 property billionaires, and Europe has the third-greatest number, with 21.

    Country-by-country, the U.S. boasts 29 real estate billionaires, the greatest number of any individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires.

    Add your comment.


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