Blog Assignment #7

Task #1. Find an example of a Real Estate Project that is a new trend.

Homes within homes

Almost one-third of American adults today are "doubled up," or living in the same household with another adult generation, the U.S. Census Bureau says. Those adults could be "boomerang" kids who have come back home to live after college, or aging parents who moved in with adult children.

Homebuilders are starting to respond to this trend. "We're seeing a huge growth in floor plans that include dual master suites." Lennar Homes has introduced its NextGen home in several areas of the country. "It really is a home within a home," says Alan Jones, Arizona division president for Lennar. Imagine a home that contains a separate apartment with its own sleeping area, kitchenette, bathroom and perhaps even garage. A door connects it to the rest of the house, Jones says. "This allows them to come back and live with you, but not on top of you." At other stages of life, the apartment can serve other uses, Jones says.

Blog Assignment #6

Blog Assignment #6

• Which property type should you invest in?
• The summer of 2013 I would like to invest in retail real estate in Houston Texas.
• I believe this is a good idea due to data I've found to back up my premise.
• Vacancy rates:
• Houston’s retail vacancy rate decreased from 7.2% to 7.0% between quarters aswell as over-the-year. Due to the large amount of new inventory deliveries,Houston’s retail vacancy only decreased 2% between quarters, despite thesignificant positive absorption
• Rental rates:
• The citywide average quoted rental rate for all property types is $14.34 per squarefoot; however, rental rates vary widely from $10.00 to $70.00 per square footdepending on location and property type and class.
• Absorption rates:
• Houston’s retail market posted 1.1M square feet of positive net absorption in Q4,bringing the year-end 2012 total to 1.2M SF.
   

 

Blog assignment #5

Task: Foreclosure!!!

Find a video of an interesting foreclosure story. In the process explain:

• Is it a judicial, non-judicial, or strict foreclosure?
• It was a case of strict foreclosure.

• Why did this get foreclosed on?
• It got foreclosed on because of its they could not keep up with the payments of the house.

 

• Was there a type of loan that helped contribute to failure?
• No. 

• What was the circumstances of this case?
• What caused this foreclosure was the market crash of 2008, it led to them liquidating their savings accounts to pay off the mortgage payments. This helped them for several months, but inevitably they ran out of money for the mortgage payments. 

YouTube Clip

Blog assignment #4

Blog assignment #4

Hometown: Stockholm, Sweden.

Growth patterns: Patterns of growth in Sweden are fairly high, due to the high immigration rate from the rest of Europe, as well as the middle-east. Stockholm has high growth as well, due to it being the largest metropolitan area in Sweden. Thousands of families move to Stockholm & its suburbs to find job opportunities, better education for their children, and the lifestyle.

Demographics: Stockholm is the capital and the largest city in Sweden, and constitutes the most populated urban are in all of Scandinavia. The population is almost 900,000, which isn't much to America's statistics, but as mention previously, the most populated city in Sweden. The metropolitan area of Stockholm is home to over 20% of Sweden's population.

Economics: The vast majority of Stockholm residents work in the service industry, which accounts for 85% of the jobs in Stockholm. The almost total absence of heavy industry makes Stockholm one of the world's cleanest metropolitan areas. The past decade has seen significant number of jobs created in technology.

Psycho-graphics: Sweden as a whole really instills its citizens love for appreciating life. Stockholm is famous for its abundance in coffee shops, libraries, parks, and other beautiful architecture. Stockholm is a place full of interaction, and appreciation for conversation and friendship.

Blog Assignment #3

Blog Assignment #3

Task #1

This past Monday we had two guest speakers in our FINC 371 class. These two Aggies names were Mike Gentry, former core commander and current lawyer of Real Estate and Doctor Sam Harrison: MD, well diversified in all types of investments, who's great grandfather was in the first class of Texas A&M. They both had a background full of the Aggie tradition.

They have joined together to develop a piece of land next to the intersection of highway 6 and Briarcrest in College Station, Texas. They ultimately wanted to place several businesses here, and even the owner of Buc-ee's decided to see if he could use the land. Ultimately the land was sold at $20/square foot. The development of this land was an extremely complicated and expensive project, but was successful nevertheless.

The most interesting part of this lecture was the amount of work involved when it comes to any piece of Real Estate. Everything from paying to track how many cars pass that intersection per day (which was around 70,000 vehicles) to being able to purchase the land that prohibited him from accessing Wildflower Drive. The amount of people and resources you have to use while managing Real Estate is immense, and it really teaches you the value of networking. Without the people and resources, it would have taken much more time and effort to make this project profitable.

Blog Assignment #2

Blog Assignment #2

Task #1

• Private Restrictions on Real Estate are encumbrances that set limitations on the free simple ownership rights that generally run with the land. Some of these private encumbrances consist of covenants, conditions, restrictions, liens, easements, profit a prendre, and more.
• The one real life example from an article or video of a dispute or news event related to a "Private Restriction on Real Estate" is this YouTube clip, showing a woman claiming to be able to live in another woman's house, showing us an example of a lien. 
• Lien Clip

Task #2 

• Public Restrictions on Real Estate consist of rights given to the government over property. Some of  these include eminent domain, polic power, taxation, escheat, as well as tort and nuisance laws.
• The one real life example from a video or news event related to a "Public Restriction on Real Estate" is this YouTube clip, showing issues with eminent domain. 
• Eminent Domain Clip 

Blog Assignment #1

The most fascinating parcel of real estate in my perspective is the Chrysler building in manhattan. I've seen a lot of different cities domestically and abroad, but this skyscraper has such a unique design that makes it stand out from the rest of the buildings in manhattan. Another thing that makes it so interesting is when it was completed, it was the tallest building in the world, surpassing the empire state building. Currently, it is the 3rd tallest building in manhattan. I'd love to live in the upper east side of manhattan to wake up to a view of the Chrysler building. It's truly, truly beautiful in my eyes.