REIT Ideal Hedge Versus Inflation

January 21, 2009
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If you want to have something to hedge against the rising inflation then invest in REIT or Real Estate Investment Trust, a company that does not only buy real estate but manages, develops and even sells it. Most people opt to directly invest in real estate but REIT is a better option. Choose a successful REIT to invest in because these companies offer higher yields to their investors. REITs are real estate portfolios that are professionally managed although of course there are always certain degrees of risk.

Before you decide to invest in a REIT it is best to consult with a financial adviser and a tax adviser first to make…

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Filed Under: Real Estate Investment

Getting out of The Housing Mess

January 21, 2009
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The American housing industry is a mess and while there are lots of intelligent minded people in the United States no one knows for sure the exact formula to get out of the housing mess.

Experts have gloomy predictions and they do not see any recovery in the real estate sector for at least two years. However, there are ways to turn things around and it requires effort from both the private and the government sectors.

Apparently, the unwillingness of the lenders to modify loans is further pushing the country into unemployment and massive foreclosures. What usually happens is an economic crisis followed by unemployment and then foreclosure. This time though, the…

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Filed Under: Real Estate Crisis

Proposed NFL Stadium To Bring Work Opportunities In LA

January 19, 2009
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The proposed National Football League stadium is expected to bring thousands of work opportunities in the area and this is the primary reason why the Los Angeles Chamber of Commerce is fully supporting the project. Chamber marketing and communications director Gwen Oldham said job creation is very important as it stimulates the economy.

The $800 million project is being proposed by Majestic Realty Co which is owned by billionaire developer Ed Roski, Jr. If it pushes through, the stadium will seat on a 600-acre lot near the freeway exchange.

If all goes well, the NFL stadium will be completed by 2012 and the jobs it could generate will tremendously benefit the economy. …

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Filed Under: Commercial Real Estate, Economy Crisis

Nick Nolte’s Malibu Home Catches Fire

January 17, 2009
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An electric malfunction started a fire which resulted to at least $3 million worth of damages to the Malibu home of “The Prince of Tides” actor Nick Nolte. Nolte also suffered minor injuries as a result of smoke inhalation and an attempt to fight the fire using a garden hose.

Los Angeles fire Inspector Frank Garrido said the fire caused both structural damage and damage to Nolte’s artwork, collectibles and other personal possessions.

Garrido said the fire has already reached the kitchen and the living room and the entire residence had smoke damage. The 67-year old Nolte reportedly jumped out of a window from an upstairs bedroom when he detected the fire.

The…

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Filed Under: Celebrity Real Estate, Real Estate

$28M Crantzdorf Castle Razed In Fire

January 17, 2009
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The landmark Crantzdorf Castle in Johnson City, Tennessee was razed in a fire early this week. The castle, which was listed in the real estate market at $28 million, took 10 years to be completed but took only several hours to be destroyed by fire. The Castle has a 20,000 square-foot area with 9 bedrooms, 10 full baths and filled with European castle furniture. The Castle was badly damaged with the upper floors charred by the fire and the lower floors damaged by water.

Crantzdorf Castle is a showcase of European architecture from the building details, to the antique castle furniture. It has grand ceilings, antique fireplaces, antique fountain, stained glass,…

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Filed Under: Real Estate

Non-Payment Of High Rate Property Taxes Means Trouble

January 15, 2009
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The full-blown crisis in the housing market is starting to be felt and among its indicators is the rise in the number of homeowners who have failed to pay their property taxes. Housing Authority executive director Ken Cole said people who opt not to pay taxes is a sign that they are in trouble. And when you get an increasing trend on non payment of property taxes then that means more trouble.

In California’s Santa Cruz County alone, one out of every ten households is behind in the payment of property taxes. Property taxes are an additional burden to homeowners who are already deep into mortgage problems.

The Housing Authority and other…

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Filed Under: Economy Crisis, Property Tax, Real Estate Crisis

Michigan Real Estate Market Shows Improvement

January 15, 2009
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The real estate market in Michigan is showing signs of improvements with an increase in the sales prices of condominiums in Ann Arbor and sales prices of residential homes in Chelsea and Dexter. This was revealed by real estate agent Ann Toth who along with other realtors, are positive about the resiliency of the market.

The University of Michigan Institute of Labor and Industrial Relations reported that the economic crisis may not have hit the area harder than it should have due to the underlying resiliency of the Washtenaw County where Ann Arbor is located.

While Michigan is known for its $106.2 billion auto building and supply industry which includes Ford, Daimler-Chrysler,…

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Filed Under: Real Estate

Knight Rider’s Home Up For Sale At $5.950M

January 15, 2009
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David Hasselhoff of the Knight Rider and Baywatch fame, and his ex-wife Pamela Bach, are selling their Encino home for $5.950 million as part of their divorce agreement which was finalized last year. Haseelhoff’s five bedroom house was built in 1988 and is considered one of the nicest homes in the area. It has a gourmet kitchen, five and a half baths, an office, elevator, library, sports bar, two story living rooms, a media room and a master suite with a fireplace.

The 1,482-acre property, which includes a 6,148 square foot house, also boasts of a lighted tennis court, spa with waterfall, a motor court, two private guest houses and a…

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Filed Under: Celebrity Real Estate, Real Estate

Residents More Favor Of Having Palin As Neighbor Than Winfrey

January 15, 2009
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Vice Presidential candidate Sara Palin may have lost the election but won the hearts of American residents.  This was proven when a Harris Interactive survey revealed that US residents would want Palin to become their neighbor more than they want Oprah Winfrey. The results show that 14% of the residents opted for Palin while 13% opted for Winfrey as the most desirable neighbor.

Palin was the vice presidential candidate of the Republican Party and was paired with Senator John McCain during last election. Her popularity among the female residents is understandable considering that as the second female candidate and the first female VP nominee of the Republicans, she spelled women power…

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Filed Under: Celebrity Real Estate, Real Estate
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