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↑ Analyzing a Live-In Triplex: What Would YOU Do? – YouTube
Today I received a private message from a BiggerPockets colleague (we’ll call him Jake) that asked a very good question about a potential property he was looking at. Here’s my thoughts…
Slightly too quick and dirty for us but good enough for a demonstration.
↑ Job Growth Slows in Detroit, But Apartment Fundamentals Remain Solid – Apartment Market Dynamics – YouTube
Job growth has returned to more modest levels in metro Detroit, but apartment occupancy rates remain well above normal — particularly outside the city itself. And rent growth levels have cooled but are still decent.
China tops the agenda in Asia on Tuesday, with investors watching housing prices, where the yuan is headed, and earnings from the nation’s biggest aluminium producer.
↑ Real-estate market: How much does $1 million buy you in every major u.s. city?
With a median list price of $666 per square foot, San Francisco’s real-estate boom limits a million dollars to buying about 1,500 square feet. On the other end of the spectrum, the median list price in beleaguered Detroit is just $12 per square foot—55 times cheaper than in San Francisco.
Considering all five boroughs, the median price per square foot in New York City is $424. Looking just at Manhattan, however, that price jumps to an astronomical $1,538 per square foot, leading to $1 million buying just 650 square feet.
↑ ‘Ghost gazumping’ haunts London housing market
Andrew Ince, a 45-year-old driver, was asked to pay an extra £20,000 just before exchange of contracts on a house in Chigwell, east London. “I thought it was completely unethical,” he said. “I flipped and said ‘no way’.”
↑ Canada’s real estate market will take demise of ‘millionaire visa’ program in stride | Inman News
If, for example, 1,200 Chinese families were each planning to buy $1 million homes (the current median price for a detached house in Vancouver is $1.5 million), the cessation of these investor immigrant programs equates to $1.2 billion per year in foregone investment in a relatively small market area.
↑ Detroit-Area Real Estate Market: Inventory Down, Prices Up – CBS Detroit
It was the same old song for the Detroit area’s residential real estate market in February, according to new numbers from the Farmington Hills-based real estate information company Realcomp II Ltd.: The number of sales is down, but prices are up.
A rapidly growing Dallas real estate investment and development firm has broken ground on one apartment community and has another in the works.
Stillwater Capital Partners has started building on two blocks at Peak Street and Cabell Drive near the Cityplace project.
The land that’s been cleared and is now under construction originally was a neighborhood of old homes. But several years ago investors bought up the houses and razed the property.
↑ Ukraine Crisis and Economic Slump Rattling Foreign Real Estate Investors | The Moscow Times
After an explosion of investment in Russian real estate over the past decade, European and global funds, leery of sober economic forecasts and the unfolding political crisis in Crimea, are warily re-evaluating their options.
↑ Phoenix-area home prices projected to stabilize in ’14
Most homeowners shouldn’t expect a repeat of big 2012 or 2013 price increases because fewer prospective buyers are in the market now. In addition, the number of listings available is up 10 percent from February 2014, according to the Arizona Regional Multiple Listing Service.
“We are seeing a big drop in demand compared with the last two years, and there are ominous indications of a softening market when we dig deep into the numbers,” said Mike Orr, director of the Center for Real Estate Theory and Practice at Arizona State University’s W.P. Carey School of Business.
↑ Home builder confidence lower than expected in March – Newsday
“… a shortage of buildable lots and skilled workers, rising materials prices and an extremely low inventory of new homes for sale.”
↑ Los Angeles earthquake a prelude to something bigger? – CSMonitor.com
Were these two latest quakes connected? Probably not, say scientists. But seismologists predict that a 6.5 California quake or slightly bigger is imminent. But when and where it will hit is anybody’s guess, says Peggy Hellweg, Operations Manager at the Berkeley Seismological Laboratory.
Joey Mausser had an important job Sunday morning.
The 6-year-old Urbandale boy was in charge of pushing a button to implode a nearly 100-year-old Des Moines building.
Joey, who has been battling leukemia for about three years, is a patient at Blank Children’s Hospital.
↑ Paralysed ECB leaves Europe at the mercy of deflation shock from China – Telegraph
Most of western Europe is already in outright deflation. So are the Balkans, the Baltic states and the old Habsburg core.
The Continent has left its flank open to an external shock from Asia. There is a high chance that this will occur as China attempts to extricate itself from a $24 trillion credit misadventure by debasing its currency to regain lost competitiveness and bail out its export industry.
The isotopes have been detected at very low levels at a Canadian sampling point far out to sea earlier than the models predicted, but not yet reported at the beach, said Kathryn A. Higley, head of the Department of Nuclear Engineering and Radiation Health Physics at Oregon State University. The Rossi model predicts levels a little higher than the fallout from nuclear weapons testing in the 1960s. The Behrens model predicts lower levels like those seen in the ocean in the 1990s, after the radiation had decayed and dissipated.
↑ 7 Debunked Myths About Mortgages — Getting Your Financial Ducks In A Row
Securing a mortgage can be a daunting, confusing process for first-time home buyers as well as experienced homeowners considering moving or buying a second home. There are lots of myths and misconceptions about mortgages, such as who qualifies and what makes a good one.
↑ Are Average Weekly Hours Really Plummeting? | Beat the Press
Last week we were being warned that the labor market was too tight and an outbreak of inflation was imminent. Today, Edward Lazear, formerly chief economist in the Bush administration, is telling us that labor demand is plummeting as shown by a reduction in the length of the average workweek. Okay so the labor market is too tight and too weak, that looks really bad. Given that economists also tell us that robots will take all our jobs and that a growing population of retirees will leave us with a shortage of workers it is remarkable that the public doesn’t insist on hanging us all.
↑ Consumer Price Index Summary
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers increased 0.1 percent in February after rising 0.1 percent in January. The index for all items less food and energy rose 0.1 percent in February, the same increase as in January.