Linking ≠ endorsement. Enjoy and share:
- A year after Sandy, rebuilding continues in storm-hit towns | Reuters
(Reuters) – A year after Superstorm Sandy inundated the East Coast with record flooding that left 159 people dead, residents of the hard-hit New Jersey shore still have a ways to go in rebuilding damaged communities.
Watch where you buy or build. Be sure flood insurance is available there and that you have it.
- Notes from Seattle: Bus Rapid Transit “lite” – Greater Greater Washington
“Kelly Blynn is the Campaign Manager for the Coalition for Smarter Growth’s Next Generation of Transit Campaign.” She writes an informative article:
…planners have created new land-use plans for the corridors and apparently many developments are on the way, including one newly-opened apartment building in West Seattle that features a real-time arrival screen for RapidRide in the lobby. The more permanent the infrastructure and high-quality the service, the more development patterns will respond.
“…real-time arrival screen for RapidRide in the lobby.” Smart.
- China’s Appetite for Global Real Estate: Video – Bloomberg
(Bloomberg) —- GAW capital U.S. President and COO Tim Walsh discusses trends in global real estate. He speaks with Deirdre Bolton on Bloomberg Television’s “Money Moves.”
- Beirut Real Estate Boom Makes Buyers Choose Smaller Flats – Bloomberg
It is always important to consider the potential for civil and international unrest, violence, and property destruction, etc., before investing in a given area. It is part of a proper due-diligence/risk-assessment process.
Beirut apartments more than tripled in value since 2006 as Lebanese expatriates spooked by the global financial crisis threw their money into real estate at home. The market stopped rising two years ago and new home lending declined more than 20 percent as war raged in neighboring Syria and the economy all but ground to a halt. Yet the reductions have continued with prices stuck close to records; people can no longer afford the kind of homes their parents were accustomed to.
Until 2006, residential property values were traditionally among the lowest in the Arab world partly because of Lebanon’s own civil conflict through the 1980s. The slowdown in the real estate sector has been serious enough to spur the central bank to introduce stimulus measures to boost mortgage lending.
The World Bank last week said it cut its forecast for economic growth this year to 1.5 percent from 2.3 percent. It said in a summary of its biannual Lebanon Economic Monitor that the Syrian conflict had so far cost the country an estimated $2.6 billion. Cumulative losses to economic activity might reach $7.5 billion by the end of next year, it said.