Real Estate Developer Quotes

when you’re born with the blessing of the right name, connections, and money, you’ll use it. Damon Torrance, son of a media mogul. Kai Mori, son of an influential socialite and banker. William Grayson III, grandson of Senator Grayson. And Michael Crist, son of a real estate developer.

The first is that everyone—including Mom and Dad—has to do a hard thing. A hard thing is something that requires daily deliberate practice. I’ve told my kids that psychological research is my hard thing, but I also practice yoga. Dad tries to get better and better at being a real estate developer; he does the same with running. My oldest daughter, Amanda, has chosen playing the piano as her hard thing. She did ballet for years, but later quit. So did Lucy.

Respect for individual human personality has with us reached its lowest point," observed one intellectual in 1921, "and it is delightfully ironical that no nation is so constantly talking about personality as we are. We actually have schools for 'self-expression' and 'self-development,' although we seem usually to mean the expression and development of a successful real estate agent.

In New Orleans after Katrina, some of the key players who now surround Trump showed to what lengths they will go to decimate the public sphere and advance the interests of real estate developers, private contractors, and oil companies.

One of the few freedoms that we have as human beings that cannot be taken away from us is the freedom to assent to what is true and to deny what is false. Nothing you can give me is worth surrendering that freedom for. At this moment I'm a man with complete tranquillity...I've been a real estate developer for most of my life, and I can tell you that a developer lives with the opposite of tranquillity, which is perturbation. You're perturbed about something all the time. You build your first development, and right away you want to build a bigger one, and you want a bigger house to live in, and if it ain't in Buckhead, you might as well cut your wrists. Soon's you got that, you want a plantation, tens of thousands of acres devoted solely to shooting quail, because you know of four or five developers who've already got that. And soon's you get that, you want a place on Sea Island and a Hatteras cruiser and a spread northwest of Buckhead, near the Chattahoochee, where you can ride a horse during the week, when you're not down at the plantation, plus a ranch in Wyoming, Colorado, or Montana, because truly successful men in Atlanta and New York all got their ranches, and of course now you need a private plane, a big one, too, a jet, a Gulfstream Five, because who's got the patience and the time and the humility to fly commercially, even to the plantation, much less out to a ranch? What is it you're looking for in this endless quest? Tranquillity. You think if only you can acquire enough worldly goods, enough recognition, enough eminence, you will be free, there'll be nothing more to worry about, and instead you become a bigger and bigger slave to how you think others are judging you.

Donald has always struggled for legitimacy—as an adequate replacement for Freddy, as a Manhattan real estate developer or casino tycoon, and now as the occupant of the Oval Office who can never escape the taint of being utterly without qualification or the sense that his “win” was illegitimate.

On Memorial Day 1927, a march of some 1,000 Klansmen through the New York City borough of Queens turned into a brawl with the police. Several people wearing Klan hoods were arrested, one of them a young real estate developer named Fred Trump.

H. L. Mencken called it “the one authentic rectum of civilization,” but for most people Hollywood was a place of magic. In 1927, the iconic sign on the hillside above the city actually said HOLLYWOODLAND. It had been erected in 1923 to advertise a real estate development and had nothing to do with motion pictures. The letters, each over forty feet high, were in those days also traced out with electric lights. (The LAND was removed in 1949.)

In our family, we live by the Hard Thing Rule. It has three parts. The first is that everyone—including Mom and Dad—has to do a hard thing. A hard thing is something that requires daily deliberate practice. I’ve told my kids that psychological research is my hard thing, but I also practice yoga. Dad tries to get better and better at being a real estate developer; he does the same with running. My oldest daughter, Amanda, has chosen playing the piano as her hard thing. She did ballet for years, but later quit. So did Lucy.

Our whole culture is based on the appetite for buying, on the idea of a mutually favorable exchange. Modern man's happiness consists in the thrill of looking at the shop windows, and in buying all that he can afford to buy, either for cash or on installments. He (or she) looks at people in a similar way. For the man an attractive girl—and for the woman an attractive man—are the prizes they are after. 'Attractive' usually means a nice package of qualities which are popular and sought after on the personality market. What specifically makes a person attractive depends on the fashion of the time, physically as well as mentally. During the twenties, a drinking and smoking girl, tough and sexy, was attractive; today the fashion demands more domesticity and coyness. At the end of the nineteenth and the beginning of this century, a man had to be aggressive and ambitious—today he has to be social and tolerant—in order to be an attractive 'package'. At any rate, the sense of falling in love develops usually only with regard to such human commodities as are within reach of one's own possibilities for exchange. I am out for a bargain; the object should be desirable from the standpoint of its social value, and at the same time should want me, considering my overt and hidden assets and potentialities. Two persons thus fall in love when they feel they have found the best object available on the market, considering the limitations of their own exchange values. Often, as in buying real estate, the hidden potentialities which can be developed play a considerable role in this bargain. In a culture in which the marketing orientation prevails, and in which material success is the outstanding value, there is little reason to be surprised that human love relations follow the same pattern of exchange which governs the commodity and the labor market.

There is nothing wrong in development, it is wrong when development happens at the cost of environment and at the cost of culture and humanity.

This has always been a fatal flaw in U.S. real estate: the volume of development has been related to the availability of funds, not to demand.

The activities of automobile manufacturers, commercial real estate developers, and the federal government have been far more important in determining patterns of transportation than consumer choice.

don’t forget to look for that famous “Hollywood” sign. The 50-foot-high sign was placed atop Mt. Lee in the Hollywood Hills in 1923 as part of a promotion for a real estate development called Hollywoodland.

By the mid-1950s real estate promoters of the commercial strip were attaching it to the centerless residential suburb. Both strips and tracts expanded under the impact of federal subsidies to developers, but since these subsidies were indirect, it was hard for many citizens or local officials to know what was happening.

With an IQ of 160, Alex Volkov was a genius, or close to it. He was the only person in Thayer’s history to complete its five-year joint undergrad/MBA program in three years, and at age twenty-six, he was the COO of one of the most successful real estate development companies in the country. He was a legend, and he knew it.

…I’ve seen the world tell us with wars and real estate developments and bad politics and odd court decisions that our lives don’t matter. That may be because we are too many. Architecture and application form, modern life says that with so many of us we can best survive by ignoring identity and acting as it individual differences do not exist. Maybe the narcissism academics condemn in creative writers is but a last reaching for a kind of personal survival. Anyway, as a sound psychoanalyst once remarked to me dryly, narcissism is difficult to avoid. When we are told in dozens of insidious ways that our lives don’t matter, we may be forced to insist, often far too loudly, that they do.

Your level of success will seldom exceed your level of personal development, because success is something you attract by the person you become.

we discussed this dire problem with education and illusions of academic contribution, with Ivy League universities becoming in the eyes of the new Asian and U.S. upper class a status luxury good. Harvard is like a Vuitton bag or a Cartier watch. It is a huge drag on the middle-class parents who have been plowing an increased share of their savings into these institutions, transferring their money to administrators, real estate developers, professors, and other agents. In the United States, we have a buildup of student loans that automatically transfer to these rent extractors. In a way it is no different from racketeering: one needs a decent university “name” to get ahead in life; but we know that collectively society doesn’t appear to advance with organized education.

Decide early on if it’s a short- or long-term play. Speculators can make money by buying in new condo developments very early and then flipping the units at the first opportunity for a quick profit.

No serious politician has proposed putting America second. The goal is not the issue. What separates Trump from every president since the dismal trio of Harding, Coolidge, and Hoover is his conception of how America’s interests are best advanced. He conceives of the world as a battlefield in which every country is intent on dominating every other; where nations compete like real estate developers to ruin rivals and squeeze every penny of profit out of deals.

The problem with fiat is that simply maintaining the wealth you already own requires significant active management and expert decision-making. You need to develop expertise in portfolio allocation, risk management, stock and bond valuation, real estate markets, credit markets, global macro trends, national and international monetary policy, commodity markets, geopolitics, and many other arcane and highly specialized fields in order to make informed investment decisions that allow you to maintain the wealth you already earned. You effectively need to earn your money twice with fiat, once when you work for it, and once when you invest it to beat inflation. The simple gold coin saved you from all of this before fiat.

Any business that wanted to set up shop inside the OASIS had to rent or purchase virtual real estate (which Morrow dubbed “surreal estate”) from GSS. Anticipating this, the company had set aside Sector One as the simulation’s designated business zone and began to sell and rent millions of blocks of surreal estate there. City-sized shopping malls were erected in the blink of an eye, and storefronts spread across planets like time-lapse footage of mold devouring an orange. Urban development had never been so easy.

They were planning some sort of real estate development on the edge of the city—probably on that few acres of pasture out back of the Waterhouse residence. They would put up town-houses around the edges, make the center into a square, and along the square Sterling would put up shops. Rich people would move in, and the Waterhouses and their confederates would control a patch of land that would probably generate more rent than any thousand square miles of Ireland—basically, they would become farmers of rich people.

Out of that night and day of unconditional wrath, folks would’ve expected to see any city, if it survived, all newly reborn, purified by flame, taken clear beyond greed, real-estate speculating, local politics—instead of which, here was this weeping widow, some one-woman grievance committee in black, who would go on to save up and lovingly record and mercilessly begrudge every goddamn single tear she ever had to cry, and over the years to come would make up for them all by developing into the meanest, cruelest bitch of a city, even among cities not notable for their kindness.

After years of experience, Trump knew how to sell a big lie. He had done it many times before. As a real estate developer, he had claimed his buildings were taller than they were. As a reality television star, he had made up conflicts between contestants to juice his ratings. As a political provocateur, he had claimed without a lick of proof that the nation’s first Black president was secretly born in Africa. The trick with conspiracy theories, he had demonstrated, was repetition and conviction. “You say something enough times,” he once told Chris Christie’s wife, “and it becomes true.

Out of that night and day of unconditional wrath, folks would've expected to see any city, if it survived, all newly reborn, purified by flame, taken clear beyond greed, real-estate speculating, local politics--instead of which, here was this weeping widow, some one-woman grievance committee in black, who would go on and save up and lovlingly record and mercilessly begrudge every goddamn single tear she ever had to cry, and over the years to come would make up for them all by developing into the meanest, cruelest bitch of a city, even among cities not notable for their kindness. To all appearance resolute, adventurous, manly, the city would not shake that terrible all-night rape, when "he" was forced to submit, surrending, inadmissably, blindly feminine, into the Hellfire embrace of "her" beloved. He spent the years afterward forgetting and fabulating and trying to get back some self-respect. But inwardly, deep inside, "he" remained the catamite of Hell, the punk at the disposal of all the denizens thereof, the bitch in men's clothing.

From an asset-allocation perspective, when we talk about diversification, we're talking about investing in multiple asset classes. There are six that I think are really important and they are US stocks, US Treasury bonds, US Treasure inflation-protected securities [TIPS], foreign developed equities, foreign emerging-market equities and real estate investment trusts [REITS]. p473

The Chinese Communist Party has seen fit to protect most property rights because it recognizes that it has a self-interest in doing so. But the party faces no legal constraints other than its own internal political controls if it decides to violate property rights. Many peasants find their land coveted by municipal authorities and developers who want to turn it into commercial real estate, high-density housing, shopping centers, and the like, or else into public infrastructure like roads, dams, or government offices. There are large incentives for developers to work together with corrupt local officials to illegally take land away from peasants or urban homeowners, and such takings have been perhaps the largest single source of social discontent in contemporary China.33

My entry into this job required me to get my real estate license, and there was no getting around the social security number and fingerprinting. But that’s okay, because this time I want my name to be known. For Ron Ashton—developer, local politician, and candidate for state senator—to know it was me who took everything from him. Not just his money, but the reputation he’s spent years cultivating.

Embracing our Queen demands that we sacrifice old, outdated versions of ourselves which can be petrifying. Embracing your Queen is a choice, it is a sacred claiming of your realm and choosing the real estate of your story. It is trading in your running shoes for slippers, a bow and arrow for a crown and invisibility for sovereignty. Allowing yourself to be brave and uncertain, giving yourself divine permission to be seen, heard, celebrated, and criticised.

He had envisioned a river of rent payments from apartments and businesses that would eventually pay off his financiers and yield millions of dollars in net revenues even as inflation drove up the value of the property. This formula—investment + time = revenue and higher value—was the magic of real estate. By following it, Fred Trump had amassed assets that allowed him to develop ever bigger projects while simultaneously reducing the risk to his personal fortune.

Yessir, they’s big money involved in this park fight, that’s the story. Dyer’s the mouthpiece for them east coast developers that has fought that park idea for years; them boys are workin day and night to grab that real estate before all them nature-lovers and such get the Glades nailed down by the federl gov’mint. You ain’t seen all that stuff in the papers? Gettin the public fired up against the feds for wastin half of Florida on this big green nothin? Stead of sellin off that land and cuttin taxes?

The vulgar Marxist concept of 'private enterprise' was totally misconstrued by man's irrationality; it was understood to mean that the liberal development of society precluded every private possession. Naturally, this was widely exploited by political reaction. Quite obviously, social development and individual freedom have nothing to do with the so-called abolishment of private property. Marx's concept of private property did not refer to man's shirts, pants, typewriters, toilet paper, books, beds, savings, houses, real estate, etc. This concept was used exclusively in reference to the private ownership of the social means of production, i.e., those means of production that determine the general course of society. In other words: railroads, waterworks, generating plants, coal mines, etc. The 'socialization of the means of production' became such a bugbear precisely because it was confounded to mean the 'private exploitation' of chickens, shirts, books, residences, etc., in conformity with the ideology of the expropriated.

In the twenty-first century, the visions of J.C. Nichols and Walt Disney have come full circle and joined. “Neighborhoods” are increasingly “developments,” corporate theme parks. But corporations aren’t interested in the messy ebb and flow of humanity. They want stability and predictable rates of return. And although racial discrimination is no longer a stated policy for real estate brokers and developers, racial and social homogeneity are still firmly embedded in America’s collective idea of stability; that’s what our new landlords are thinking even if they are not saying it.

This is the real estate state, a government by developers, for developers. It is not monolithic; there are plenty of disputes within it. Builders' desires are not always the same as owners', as reflected in the presence of separate developer and landlord lobbies in New York. Nonprofit developers follow a somewhat different model than for-profit builders. And of course government is still accountable to voters, who are by and large either renters or mortgage holders and continue to organize collectively against real estate's rule. But the parameters for planning are painfully narrow: land is a commodity and also is everything atop it; property rights are sacred and should never be impinged; a healthy real estate market is the measure of a healthy city; growth is good-- in fact, growth is god.

If government had declined to build racially separate public housing in cities where segregation hadn’t previously taken root, and instead had scattered integrated developments throughout the community, those cities might have developed in a less racially toxic fashion, with fewer desperate ghettos and more diverse suburbs. If the federal government had not urged suburbs to adopt exclusionary zoning laws, white flight would have been minimized because there would have been fewer racially exclusive suburbs to which frightened homeowners could flee. If the government had told developers that they could have FHA guarantees only if the homes they built were open to all, integrated working-class suburbs would likely have matured with both African Americans and whites sharing the benefits. If state courts had not blessed private discrimination by ordering the eviction of African American homeowners in neighborhoods where association rules and restrictive covenants barred their residence, middle-class African Americans would have been able gradually to integrate previously white communities as they developed the financial means to do so. If churches, universities, and hospitals had faced loss of tax-exempt status for their promotion of restrictive covenants, they most likely would have refrained from such activity. If police had arrested, rather than encouraged, leaders of mob violence when African Americans moved into previously white neighborhoods, racial transitions would have been smoother. If state real estate commissions had denied licenses to brokers who claimed an “ethical” obligation to impose segregation, those brokers might have guided the evolution of interracial neighborhoods. If school boards had not placed schools and drawn attendance boundaries to ensure the separation of black and white pupils, families might not have had to relocate to have access to education for their children. If federal and state highway planners had not used urban interstates to demolish African American neighborhoods and force their residents deeper into urban ghettos, black impoverishment would have lessened, and some displaced families might have accumulated the resources to improve their housing and its location. If government had given African Americans the same labor-market rights that other citizens enjoyed, African American working-class families would not have been trapped in lower-income minority communities, from lack of funds to live elsewhere. If the federal government had not exploited the racial boundaries it had created in metropolitan areas, by spending billions on tax breaks for single-family suburban homeowners, while failing to spend adequate funds on transportation networks that could bring African Americans to job opportunities, the inequality on which segregation feeds would have diminished. If federal programs were not, even to this day, reinforcing racial isolation by disproportionately directing low-income African Americans who receive housing assistance into the segregated neighborhoods that government had previously established, we might see many more inclusive communities. Undoing the effects of de jure segregation will be incomparably difficult. To make a start, we will first have to contemplate what we have collectively done and, on behalf of our government, accept responsibility.

From every direction, the place is under assault—and unlike in the past, the adversary is not concentrated in a single force, such as the Bureau of Reclamation, but takes the form of separate outfits conducting smaller attacks that are, in many ways, far more insidious. From directly above, the air-tour industry has succeeded in scuttling all efforts to dial it back, most recently through the intervention of Arizona’s senators, John Kyl and John McCain, and is continuing to destroy one of the canyon’s greatest treasures, which is its silence. From the east has come a dramatic increase in uranium-mining claims, while the once remote and untrammeled country of the North Rim now suffers from an ever-growing influx of recreational ATVs. On the South Rim, an Italian real estate company recently secured approval for a massive development whose water demands are all but guaranteed to compromise many of the canyon’s springs, along with the oases that they nourish. Worst of all, the Navajo tribe is currently planning to cooperate in constructing a monstrous tramway to the bottom of the canyon, complete with a restaurant and a resort, at the confluence of the Little Colorado and the Colorado, the very spot where John Wesley Powell made his famous journal entry in the summer of 1869 about venturing “down the Great Unknown.” As vexing as all these things are, what Litton finds even more disheartening is the country’s failure to rally to the canyon’s defense—or for that matter, to the defense of its other imperiled natural wonders. The movement that he and David Brower helped build is not only in retreat but finds itself the target of bottomless contempt. On talk radio and cable TV, environmentalists are derided as “wackos” and “extremists.” The country has swung decisively toward something smaller and more selfish than what it once was, and in addition to ushering in a disdain for the notion that wilderness might have a value that extends beyond the metrics of economics or business, much of the nation ignorantly embraces the benefits of engineering and technology while simultaneously rejecting basic science.

When I started in real estate, despite high ambition, I was constrained by the same 24 hours as everyone else. My early success came from a grueling schedule, long hours, and the high price of near burn-out. In self-defense, I devised a system that featured direct marketing in place of traditional prospecting plus a highly effective team, with all the non-rainmaker tasks delegated to them. This took me to the top of the profession, twice #1 in RE/MAX worldwide in commissions earned, and 15 years as one of the top agents—working less hours than most. While an active agent, I consistently sold over 500 homes a year, even while starting and developing a second business, training and coaching more millionaire agents than any other coach. Without the inspiration of Dan Kennedy’s direct marketing methods and his extraordinary, extreme time-management philosophy, these achievements simply would not have been possible. LEVERAGING yourself, by media in place of manual labor, and with other people is very intimidating to most real estate agents and to most small businesspeople. It frankly is not easy to get right, but it is the quantum leap that uniquely and simultaneously lifts income and supports a great lifestyle. —CRAIG PROCTOR, CRAIGPROCTOR.COM

If there was anything really wrong with Shady Hill, anything that you could put your finger on, it was the fact that the village had no public library – no foxed copies of Pascal, smelling of cabbage; no broken sets of Dostoevski and George Eliot; no Galsworthy, even; no Barrie and no Bennett. This was the chief concern of the Village Council during Marcie’s term. The library partisans were mostly newcomers to the village; the opposition whip was Mrs Selfredge, a member of the Council and a very decorous woman, with blue eyes of astonishing brilliance and inexpressiveness. Mrs Selfredge often spoke of the chosen quietness of their life. ‘We never go out,’ she would say, but in such a way that she seemed to be expressing not some choice but a deep vein of loneliness. She was married to a wealthy man much older than herself, and they had no children; indeed, the most indirect mention of sexual fact brought a deep color to Mrs Selfredge’s face. She took the position that a library belonged in that category of public service that might make Shady Hill attractive to a development. This was not blind prejudice. Carsen Park, the next village, had let a development inside its boundaries, with disastrous results to the people already living there. Their taxes had been doubled, their schools had been ruined. That there was any connection between reading and real estate was disputed by the partisans of the library, until a horrible murder – three murders, in fact – took place in one of the cheese-box houses in the Carsen Park development, and the library project was buried with the victims.

Mum was always so generous to Lara and me growing up, and it helped me develop a very healthy attitude to money. You could never accuse my mum of being tight: she was free, fun, mad, and endlessly giving everything away--always. Sometimes that last part became a bit annoying (such as if it was some belonging of ours that Mum had decided someone else would benefit more from), but more often than not we were on the receiving end of her generosity, and that was a great spirit to grow up around. Mum’s generosity ensured that as adults we never became too attached to, or attracted by money. I learned from her that before you can get, you have to give, and that money is like a river--if you try to block it up and dam it (that is, cling to it), then, like a damned river, the water will go stagnant and stale, and your life will fester. If you keep the stream moving and keep giving stuff and money away, wherever you can, then the river and the rewards will keep flowing in. I love the quote she once gave me: “When supply seems to have dried up, look around you quickly for something to give away.” It is a law of the universe: to get good things you must first give away good things. (And of course this applies to love and friendship, as well.) Mum was also very tolerant of my unusual aspirations. When I found a ninjutsu school through a magazine, I was determined to go and seek it out and train there. The problem was that it was at the far end of the island in some pretty rough council estate hall. This was before the moped, so poor Mum drove me every week…and would wait for me. I probably never even really thanked her. So, thank you, Mum…for all those times and so much more. By the way, the ninjutsu has come in real handy at times.

Stage 2: People and Their Countries Are Rich but Still Think of Themselves as Poor. Because people who grew up with financial insecurity typically don’t lose their financial cautiousness, people in this stage still work hard, sell a lot to foreigners, have pegged exchange rates, save a lot, and invest efficiently in real assets like real estate, gold, and local bank deposits, and in bonds of the reserve currency countries. Because they have a lot more money, they can and do invest in the things that make them more productive—e.g., human capital development, infrastructure, research and development, etc. This generation of parents wants to educate their children well and get them to work hard to be successful. They also improve their resource-allocation systems, including their capital markets and their legal systems. This is the most productive phase of the cycle. Countries in this stage experience rapidly rising income growth and rapidly rising productivity growth at the same time. The productivity growth means two things: 1) inflation is not a problem and 2) the country can become more competitive. During this stage, debts typically do not rise significantly relative to incomes and sometimes they decline. This is a very healthy period and a terrific time to invest in a country if it has adequate property rights protections. You can tell countries in this stage from those in the first stage because they have gleaming new cities next to old ones, high savings rates, rapidly rising incomes, and, typically, rising foreign exchange reserves. I call countries in this stage “late-stage emerging countries.” While countries of all sizes can go through this stage, when big countries go through it, they are typically emerging into great world powers.

Like any place in Reality, the Street is subject to development. Developers can build their own small streets feeding off of the main one. They can build buildings, parks, signs, as well as things that do not exist in Reality, such as vast hovering overhead light shows, special neighborhoods where the rules of three-dimensional spacetime are ignored, and free-combat zones where people can go to hunt and kill each other. The only difference is that since the Street does not really exist -- it's just a computer-graphics protocol written down on a piece of paper somewhere -- none of these things is being physically built. They are, rather, pieces of software, made available to the public over the worldwide fiber-optics network. When Hiro goes into the Metaverse and looks down the Street and sees buildings and electric signs stretching off into the darkness, disappearing over the curve of the globe, he is actually staring at the graphic representations -- the user interfaces -- of a myriad different pieces of software that have been engineered by major corporations. In order to place these things on the Street, they have had to get approval from the Global Multimedia Protocol Group, have had to buy frontage on the Street, get zoning approval, obtain permits, bribe inspectors, the whole bit. The money these corporations pay to build things on the Street all goes into a trust fund owned and operated by the GMPG, which pays for developing and expanding the machinery that enables the Street to exist. Hiro has a house in a neighborhood just off the busiest part of the Street. it is a very old neighborhood by Street standards. About ten years ago, when the Street protocol was first written, Hiro and some of his buddies pooled their money and bought one of the first development licenses, created a little neighborhood of hackers. At the time, it was just a little patchwork of light amid a vast blackness. Back then, the Street was just a necklace of streetlights around a black ball in space. Since then, the neighborhood hasn't changed much, but the Street has. By getting in on it early, Hiro's buddies got a head start on the whole business. Some of them even got very rich off of it. That's why Hiro has a nice big house in the Metaverse but has to share a 20-by- 30 in Reality. Real estate acumen does not always extend across universes.

Six asset classes provide exposure to well-defined investment attributes. Investors expect equity-like returns from domestic equities, foreign developed market equities, and emerging market equities. Conventional domestic fixed-income and inflation-indexed securities provide diversification, albeit at the cost of expected returns that fall below those anticipated from equity investments. Exposure to real estate contributes diversification to the portfolio with lower opportunity costs than fixed-income investments.

One morning, a real estate developer named Robert Maguire came for a meeting at the ARCO offices. He stood by a window and looked down on the library and the shambles it was becoming. At that moment, he made a decision to do what he could to fix it.

Maguire is one of the most successful real estate developers in the city. Many of his biggest projects were downtown. Like many people, including the architectural preservationists who had been so instrumental in keeping the library intact so far, Maguire hoped Los Angeles would develop a city center that actually felt like a city center. A blighted library in the middle of it wouldn’t do. He was used to building new things, but he loved the Goodhue Building and was committed to the idea of saving and rehabilitating it. He also knew that ARCO, then a major corporate and philanthropic force in Los Angeles, favored saving the original building. Lodwrick Cook, the ARCO chairman, didn’t want a skyscraper replacing the library and blocking his view, and Robert Anderson, ARCO’s CEO, was a devotee of vintage architecture.

fee is typically 3-6 percent of the landlord TI

But let’s be clear: the madness of everyday life was its own issue. It didn’t have any relationship to whether or not Christianity was bullshit. Obviously, Christianity was total bullshit. It was the most insane bullshit! But it was impossible to make an argument against superstition and magical nonsense, and have it stick, when that argument was delivered from a society where every citizen was a magician. And yes, reader, that includes you. You too are a magician. Your life is dominated by one of the oldest and most perverse forms of magic, one with less interior cohesion than the Christian faith, and you invest its empty symbolism with a level of belief that far outpaces that of any Christian. Here are some strips of paper and bits of metal! Watch as I transform these strips of paper and bits of metal into: (a) sex (b) food (c) clothing (d) shelter (e) transportation that allows me to acquire strips of paper and bits of money (f) intoxicants that distract me from my endless pursuit of strips of paper and bits of metal (g) leisure items that distract me from my endless pursuit of strips of paper and bits of metal (h) pointless vacations to exotic locales where I will replicate the brutish behavior that I display in my point of origin as a brief respite from my endless pursuit of strips of paper and bits of metal (i) unfair social advantages that allow my rotten children to undertake their own moronic pursuits of strips of paper and bits of metal. Humiliate yourself for strips of paper. Murder for the strips of paper. Humiliate others for the strips of paper. Worship the people who’ve accumulated such vast quantities of strips of paper that their strips of paper no longer have any physical existence and are now represented by binary notation. Treat the vast accumulators like gods. Free blowies for the moldering corpse of Steve Jobs! Fawning profile pieces for Jay-Z! The Presidency for billionaire socialite and real-estate developer Donald J. Trump! Kill! Kill! Kill! Work! Work! Work! Die! Die! Die! Go on. Pretend this is not the most magical thing that has ever happened. Historical arguments against Christianity tended to be delivered in tones of pearl-clutching horror, usually by subpar British intellectuals pimping their accent in America, a country where sounding like an Oxbridge twat conferred an unearned credibility. Yes, the Crusades were horrible. Yes, the Inquisition was awful. Yes, they shouldn’t have burned witches in Salem. Yes, there is an unfathomable amount of sexually abused walking wounded. Yes, every Christian country has oriented itself around the rich and done nothing but abuse the fuck out of its poor. But it’s not like the secular conversion of the industrialized world has alleviated any of the horror. Read the news. Murder, rape, murder, rape, murder, rape, murder, rape, murder, rape, murder, rape...Despair. All secularism has done, really, is remove a yoke from the rich. They’d always been horrible, but at least when they still paid lip service to Christian virtues, they could be shamed into philanthropy. Now they use market forces to slide the whole thing into feudalism. New York University built a campus [in Abu Dhabi] with slave labor! In the Twenty-First Century AD! And has suffered no rebuke! Applications are at an all-time high! The historical arguments against Christianity are as facile as reviews on Goodreads.com, and come down to this: Why do you organize around bad people who tell you that a Skyman wants you to be good? To which the rejoinder is: yes, the clergy sucks, but who cares how normal people are delivered into goodness?

Over the next few years, the number of African Americans seeking jobs and homes in and near Palo Alto grew, but no developer who depended on federal government loan insurance would sell to them, and no California state-licensed real estate agent would show them houses. But then, in 1954, one resident of a whites-only area in East Palo Alto, across a highway from the Stanford campus, sold his house to a black family. Almost immediately Floyd Lowe, president of the California Real Estate Association, set up an office in East Palo Alto to panic white families into listing their homes for sale, a practice known as blockbusting. He and other agents warned that a 'Negro invasion' was imminent and that it would result in collapsing property values. Soon, growing numbers of white owners succumbed to the scaremongering and sold at discounted prices to the agents and their speculators. The agents, including Lowe himself, then designed display ads with banner headlines-"Colored Buyers!"-which they ran in San Francisco newspapers. African Americans desperate for housing, purchased the homes at inflated prices. Within a three-month period, one agent alone sold sixty previously white-owned properties to African Americans. The California real estate commissioner refused to take any action, asserting that while regulations prohibited licensed agents from engaging in 'unethical practices,' the exploitation of racial fear was not within the real estate commission's jurisdiction. Although the local real estate board would ordinarily 'blackball' any agent who sold to a nonwhite buyer in the city's white neighborhoods (thereby denying the agent access to the multiple listing service upon which his or her business depended), once wholesale blockbusting began, the board was unconcerned, even supportive.

Over the next few years, the number of African Americans seeking jobs and homes in and near Palo Alto grew, but no developer who depended on federal government loan insurance would sell to them, and no California state-licensed real estate agent would show them houses. But then, in 1954, one resident of a whites-only area in East Palo Alto, across a highway from the Stanford campus, sold his house to a black family. Almost immediately Floyd Lowe, president of the California Real Estate Association, set up an office in East Palo Alto to panic white families into listing their homes for sale, a practice known as blockbusting. He and other agents warned that a 'Negro invasion' was imminent and that it would result in collapsing property values. Soon, growing numbers of white owners succumbed to the scaremongering and sold at discounted prices to the agents and their speculators. The agents, including Lowe himself, then designed display ads with banner headlines-"Colored Buyers!"-which they ran in San Francisco newspapers. African Americans desperate for housing, purchased the homes at inflated prices. Within a three-month period, one agent alone sold sixty previously white-owned properties to African Americans. The California real estate commissioner refused to take any action, asserting that while regulations prohibited licensed agents from engaging in 'unethical practices,' the exploitation of racial fear was not within the real estate commission's jurisdiction. Although the local real estate board would ordinarily 'blackball' any agent who sold to a nonwhite buyer in the city's white neighborhoods (thereby denying the agent access to the multiple listing service upon which his or her business depended), once wholesale blockbusting began, the board was unconcerned, even supportive. At the time, the Federal Housing Administration and Veterans Administration not only refused to insure mortgages for African Americans in designated white neighborhoods like Ladera; they also would not insure mortgages for whites in a neighborhood where African Americans were present. So once East Palo Alto was integrated, whites wanting to move into the area could no longer obtain government-insured mortgages. State-regulated insurance companies, like the Equitable Life Insurance Company and the Prudential Life Insurance Company, also declared that their policy was not to issue mortgages to whites in integrated neighborhoods. State insurance regulators had no objection to this stance. The Bank of America and other leading California banks had similar policies, also with the consent of federal banking regulators. Within six years the population of East Palo Alto was 82 percent black. Conditions deteriorated as African Americans who had been excluded from other neighborhoods doubled up in single-family homes. Their East Palo Alto houses had been priced so much higher than similar properties for whites that the owners had difficulty making payments without additional rental income. Federal and state hosing policy had created a slum in East Palo Alto. With the increased density of the area, the school district could no longer accommodate all Palo Alto students, so in 1958 it proposed to create a second high school to accommodate teh expanding student population. The district decided to construct the new school in the heart of what had become the East Palo Alto ghetto, so black students in Palo Alto's existing integrated building would have to withdraw, creating a segregated African American school in the eastern section and a white one to the west. the board ignored pleas of African American and liberal white activists that it draw an east-west school boundary to establish two integrated secondary schools. In ways like these, federal, state, and local governments purposely created segregation in every metropolitan area of the nation.

Case #6 Sandy and Bob Bob is a successful dentist in his community. In the 15 years since he established his own practice, he has established a reliable base of patients and has built a thriving business in a great location. A couple years ago, he brought his wife, Sandy, a business expert with an MBA, on board to help him oversee the business end of the dental practice. She had recently left her job at a financial services firm, and Bob knew that Sandy’s business acumen would be helpful in getting his administrative house in order. She brought on new employees, developed effective new processes, and enhanced the office’s marketing efforts. Within a few months, Sandy’s improvements had managed to make the dental practice a well-oiled machine. Now she could turn her attention to their real estate portfolio. Bob and Sandy owned three small apartment buildings around town, as well as one small commercial center that was home to a nail salon, a chiropractor’s office, a coffee house and a wine shop. Fortunately, Bob’s dental practice was a success and their investments earned a nice passive income for them. Unfortunately, because Bob earned on average $250,000 per year, the couple couldn’t use passive loss, which in their case came to about $100,000, from their investments to offset his high earned income. Eventually, they would be earning sheltered profits—when the mortgages on their properties were paid off and the rentals made pure profit, or if they were to sell a property. When those things eventually happened, they could use their losses to shelter those profits. But until that time, the losses were going unused. Sandy made an appointment with their CPA to discuss the situation and see how they might improve their tax situation. The CPA asked, “What about becoming a real estate professional?” He explained to Sandy that if she spent 750 hours per year, or about 15 hours a week, on the couple’s real estate investments, she would be considered a real estate professional by the IRS. This would enable the couple to write off 100 percent of their passive losses against Bob’s high income, which would bring his taxable income down to $100,000. This $100,000 deduction brought Bob and Sandy into a lower tax bracket, saving them roughly $31,000 in taxes. Sandy already devoted a large percentage of her time to overseeing their investments, and when she saw the tax advantages, her decision became clear: She would file the Section 469(c)(7) and become a real estate professional.

Solid global real estate ETFs include: • Vanguard Global ex-US Real Estate ETF (VNQI) • WisdomTree Global ex-US Real Estate Fund (DRW) • iShares International Developed Real Estate ETF (IFGL)

protected securities [TIPS], foreign developed equities, foreign emerging-market equities, and real estate investment trusts [REITs].

Albert Fortna, a retired Christian entrepreneur, personifies integrity since his 1985 conversion. Having owned a Honda Motorcycle & Car Dealership (1970-1978) owned and managed a Motorcycle salvage business (1977-1984) in Tampa, he later transitioned into real estate development (1980-2008) in the Tampa Bay area. Albert's online presence is a testament to the trust he's earned.

Over the following decades, a few documents turned up—a loan, a real estate investment, the request for a grant of a coat of arms—but none shed any light on what critics were most eager to understand: Shakespeare’s literary career and development.

Sortis specialize in solving problems through short-term real estate collateralized lending. We originate through our private originator, SORFI, LLC. Whether you need a bridge loan because you are short on capital, need quick funding, do not yet qualify for a bank loan, need development or rehab funds, or have some other issue that requires short term capital, we are there to understand the complexities of your situation and provide quick funding.

All the effort I'd put into conquering my negative mind had changed me. My demons and insecurities, which had been my primary energy sources for two decades, no longer owned the same real estate in my brain. I had managed to finally put each of them in their rightful place, and in that vacuum, a new sense of self emerged. To write my book, I'd developed the mindset of an artist, and the book's great success was the one minefield I hadn't anticipated. While money doesn't always make you happy, it dam sure can make you feel satisfied. And satisfaction is a hop-step from complacency. Oh, I looked the part. I was ripped, and if you tried to run with me, you'd come away thinking that I still had it. But even though I worked out twice a day, I was a part-time savage at best, a glorified Weekend Warrior. Weekend Warriors do hard things when they fit into their busy schedules. They do them to check a box and only when they want to. Then they dial it back after a couple of long, hard days. When you are a full-time savage, it's a lifestyle. There is no "want to." There is only "must do."p75

Are you searching and looking to invest in plots in Chennai? There are many options of Plot for sale in Chennai. But investing in plots and buying plots to build a house are two different things! People always craze Real Estate as an Investment Option. In same the way, plots or lands hold the top priority on Real estate investment categories. So, it is mandated for every investor to look at the key parameters to buy lands or plots. In this article, It is explained easy investment options for how to identify and buy a plot for investment to eventually meet a life goal.

Companies that adapt to the new digital landscape will serve customers better, and will survive. Those that don’t will die. It may not be overnight, but it’s inevitable. It’s as simple as that. It doesn’t matter what business you’re in. Banks. Airlines. Automakers. Insurance companies. Real estate. Retailers. Health care.

This is the same thought process Steve Jobs brought to the iPhone in 2007. He mocked all the phones with physical keyboards because, he correctly noted, the keyboard was always there whether you needed it or not. You could never update it, you couldn’t change languages, and you couldn’t get rid of it when you didn’t want it. The real estate on the device was always and forever a bunch of keys in the arrangement and language that the device shipped with. The iPhone keyboard is software. It disappears when you don’t need it, which is most of the time. It can change to an emoji keyboard when needed, or another language if you’re multilingual, which means Apple can ship one SKU worldwide. The language you need is just software, not something that has to be fixed at the factory.

OVER THE next few years, the number of African Americans seeking jobs and homes in and near Palo Alto grew, but no developer who depended on federal government loan insurance would sell to them, and no California state-licensed real estate agent would show them houses. But then, in 1954, one resident of a whites-only area in East Palo Alto, across a highway from the Stanford campus, sold his house to a black family. Almost immediately Floyd Lowe, president of the California Real Estate Association, set up an office in East Palo Alto to panic white families into listing their homes for sale, a practice known as blockbusting. He and other agents warned that a “Negro invasion” was imminent and that it would result in collapsing property values. Soon, growing numbers of white owners succumbed to the scaremongering and sold at discounted prices to the agents and their speculators. The agents, including Lowe himself, then designed display ads with banner headlines—“Colored Buyers!”—which they ran in San Francisco newspapers.

Let us find harmony between concrete and nature. Without harming earth, let us build green skyscrapers.

business of New York in the twenties was real estate. Business was booming, and developers and realtors had every reason for continued optimism. Real estate values, they said, rested on the firm bedrock of population, and New York City—world metropolis, center of finance, industry, and art—had new people locating there all the time. With its limited supply of space and an ever-increasing demand, realtors believed that New York property values would always be rising.

Environment and Development (The Sonnet) Environment is not more important than development, Development is not more important than environment. Since we no longer live in the wilderness as animals, We must make both work together in agreement. Why do we need to wipe out forests and lakes, To lay the foundation for growth and prosperity! With our achievements in science and tech, We can build modern cities nestled in greenery. Unfortunately, once the green of dollar starts rolling in, Green of nature goes out of the window. The real problem is the mindset of profits over people, It has nothing to do with our desire to grow. Let us find harmony between concrete and nature. Without harming earth, let us build green skyscrapers.

As for Trump, I’d never met the man, although I’d become vaguely aware of him over the years—first as an attention-seeking real estate developer; later and more ominously as someone who’d thrust himself into the Central Park Five case, when, in response to the story about five Black and Latino teens who’d been imprisoned for (and were ultimately exonerated of) brutally raping a white jogger, he’d taken out full-page ads in four major newspapers demanding the return of the death penalty; and finally as a TV personality who marketed himself and his brand as the pinnacle of capitalist success and gaudy consumption.

WUI” (rhymes with phooey), an acronym for “wildland-urban interface” (though some call it “wildland-urban in your face”). On a map, the WUI represents the fault line between the forest and the built environment, but over the past thirty years it has also come to represent the sweet spot in North American real estate development: hiking trails out the back door and a scooter-friendly cul-de-sac in front. Today, more than a third of American homes and more than half of Canadian homes are located in the WUI. It is a beautiful place to live, until it goes feral.

Sobha Neopolis, located on Panathur Road in Bangalore, seamlessly blends urban living with tranquility, offering residents a serene haven amidst the bustling city. Developed by Sobha Limited, one of India's leading real estate developers, this residential project sets new standards for luxury living in Bangalore. sobhaproject-co-insobha-neopolis

Sobha Neopolis, located on Panathur Road in Bangalore, seamlessly blends urban living with tranquility, offering residents a serene haven amidst the bustling city. Developed by Sobha Limited, one of India's leading real estate developers, this residential project sets new standards for luxury living in Bangalore. sobhaproject-co-insobha-neopolis

Looking at back-to-back years 20 years ago - 2004 and 2005 - housing permits obtained for privately owned homes topped 2 million each year. 2004 was the first year that permits obtained for privately owned homes exceeded 2 million. The trajectory of new home builds in the United States had been on an upward swing, twenty years ago. Last year home builders started construction on just over 947,000 new homes.

That’s where Janis Spindel comes in. Spindel is the founder of Serious Matchmaking, a Manhattan-based firm whose specialty is finding spouses for (mostly) straight men with Forbes 400–level wealth. “We’re the Rolls-Royce or the Bentley of matchmaking,” Spindel boasts. Her typical client has from two to nine homes, she says. “They have all their toys: cars up the wazoo, planes up the wazoo, yachts up the wazoo.” They are hedge funders, real estate developers, “captains of industries.… I have a lot of amazing-beyond-belief celebrities, politicians, entrepreneurs. I mean, clearly we don’t deal with teachers or blue-collar or white-collar people. That’s not what the women we deal with want.

Land plot An Giang Through Homeseek Perspective At the end of 2021 Land of An Giang . From the perspective of real estate supply in the region, Homeseek can see that the COVID-19 pandemic is a risk but also an opportunity for the real estate market. Many real estate enterprises in An Giang have changed their strategy of developing and distributing diverse products such as: Townhouse projects, Land plots, etc. Homeseek passe en revue quelques projets de terrain en suspens à An Giang : PROJET DE LA RIVIÈRE OUEST HAU RIVER PHASE 2 Le point culminant du projet West Song Hau An Giang est l'emplacement privilégié au bord de la rivière qui offrira aux résidents un espace de vie très confortable et frais, de l'air frais et des installations modernes. . Diamond City An Giang reçoit beaucoup d'attention de la part des investisseurs et des clients en raison de son énorme potentiel d'investissement rentable. ПРОЕКТ T&T LONG Xuyen URBAN AREA Проект T&T Long Xuyen разработан в направлении современного и стильного прибрежного городского района. Проект вдохновлен известными европейскими площадями, такими как: Прага (Чешская Республика) или Лиссабон (Португалия), сочетая садовую культуру, характеристики реки через образы западных плавучих рынков, с идеей стать «роскошной европейской улицей». у реки Хау-Зианг », изюминкой отеля является центральная площадь с символом лотоса и 25-этажное здание гостиницы, построенное на языке зеленой архитектуры и отвечающее 5-му стандарту. PROYEKT T&T LONG Xuyen URBAN AREA Proyekt T&T Long Xuyen razrabotan v napravlenii sovremennogo i stil'nogo pribrezhnogo gorodskogo rayona. Proyekt vdokhnovlen izvestnymi yevropeyskimi ploshchadyami, takimi kak: Praga (Cheshskaya Respublika) ili Lissabon (Portugaliya), sochetaya sadovuyu kul'turu, kharakteristiki reki cherez obrazy zapadnykh plavuchikh rynkov, s ideyey stat' «roskoshnoy yevropeyskoy ulitsey». u reki Khau-Ziang », izyuminkoy otelya yavlyayetsya tsentral'naya ploshchad' s simvolom lotosa i 25-etazhnoye zdaniye gostinitsy, postroyennoye na yazyke zelenoy arkhitektury i otvechayushcheye 5-mu standartu. For more information homeseekvn . wordpress . com/2021/10/13/dat-nen-an-giang-qua-goc-nhin-homeseek-vao-cuoi-2021/

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Ricardo Santa Cruz is a real estate developer with an innovative mind and a penchant for smart investing.

therefore an investment like that is unbeatable. Buildings that I would buy for $500K within the year were $800K and I put only maybe $100K down, so you made 300% on your money. . . . I quickly developed and traded up my buildings and bought more apartment buildings and office buildings on Main Street down in Santa Monica and so on. . . . I benefited from [a magic decade] and I became a millionaire from my real estate investments.

For estimating construction costs of above-ground elements, readily accessible guides are available. Examples include the annual RSMeans Building Construction Cost Data series and Sage Estimating software.

The mortgage industry might be ill-equipped to finance the number of new homes the marketplace actually requires.

It can credibly be argued that opportunities for Americans to build wealth through the acquisition of real estate has usually been based upon, 1) circumstances, and 2) timing. Minus, 1) favorable circumstances, and 2) good timing, is (or was) an American just outta luck in regard to real estate? Due to different reasons, for many – long, long ago, and still today – that answer, unfortunately, was and is, “YES.

The Preemption Act of 1841 enabled American settlers to claim up to 160 acres of federal land at a cost of $1.25 an acre. According to provisions of the Act, land acquirers needed to be either, A) 21 years old, or B) head of household. Furthermore, through the Preemption Act, an immigrant who intended to become a United States citizen – yet who would not have been a citizen of the United States at the time they acquired their land through the Preemption Act -was eligible to acquire their land at the same cost of $1.25/acre.

Of the one million or so investor-owned residential homes in the State of New York, it has been estimated that in excess of 3% of these investor-owned properties sit vacant or abandoned. Say, between 30,000 and 35,000 homes. Vacant. Abandoned. Non-performing. In New York, municipalities which can establish land banks include a) cities, b) villages, c) towns, and d) counties.

Land banks in New York? Here is how it works… The New York municipality first establishes an entity to function as what is known as a “foreclosing governmental unit.” The foreclosing governmental unit operates within guidelines established through local laws, local ordinances and local resolutions. The laws, ordinances and resolutions outline parameters by which the city, village, town or county – i.e.: the “municipality” – is able to establish procedures which enable the municipality to function as the foreclosing governmental entity. I.e.: as the land bank. Oversight and governance for New York land banks is the responsibility of land bank boards of directors.

Frank Rossi was too occupied with expanding and maintaining his real estate empire. Rossi Enterprises was one of the top developers, with properties worldwide. He left my mom in charge of raising my brother and me,

Bank of North America was the first chartered bank in the United States. Constructed through the underpinnings and the vision of two early American forefathers - Alexander Hamilton and Henry Morris - and initially thought of by Hamilton and Morris as a de-facto American “central bank.

Highways…the suburbs…the suburbs…highways: Interconnected reliance The Federal-Aid Highway Act of 1956 - commonly known as the National Interstate and Defense Highways Act - triggered the construction of countless highways throughout the United States. Those newly-constructed highways were then able to take Americans from their offices in American cities to the suburbs. The suburbs…where there is just less density. Paving the way - literally, and figuratively - for suburban housing demand. Coupled to the building of suburban homes. Those were (and are) larger homes. Larger than homes that could be built in the denser American cities.

Six years after the first savings bank was established in 1810 in England by Henry Duncan, the Philadelphia Saving Fund Society became the first savings bank formed in the United States.

Whereas Philadelphia was home to the first savings bank established in the United States - Philadelphia Saving Fund Society, in the year 1816 - Philadelphia is also the city that became home to the first commercial bank established in the United States.  Thirty-four years before America had its first savings bank - Philadelphia Saving Fund Society, in 1816 - the first commercial bank in the United States was established. This first American commercial bank was also established in the very same city that America’s first savings bank had been created - the city of Philadelphia.

As I stand, I look at her and recite the names we know, two of which are an uncertainty. “Tim Hoover. Chuck Cosby. Nathan Malone. Jeremy Hoyt. Ben Harris. Tyler Shane. Lawrence Martin. Anthony Smith. Kevin Taylor. Morgan Jones. Kyle Davenport.” She meets my gaze. “Jason Martin. He’s Lawrence’s cousin. He lives in South Carolina these days. Works as a real estate developer there. He was the twelfth.

He and the real estate mogul Donald Trump were supposed to develop a show based on the board game Monopoly, a project that was a model of corporate synergy, uniting three brands—a high-end documentarian, a fake tycoon, and a game that celebrated capitalism.

The power that comes from following Big Models and developing the Big Habits to implement them. You’re so focused on doing things in a manner that will get you to your Big Goal that you are pulled right past the smaller ones.

The Producer Price Index measures the average change -over time – in prices domestic producers receive for their output. Whereas “retail” constitutes prices reflected through the sale of goods and services to the public for their own consumption – not for resale – the Producer Price Index measures the cost of goods and services at the wholesale level. Each month, the Producer Price Index is published by the Bureau of Labor Statistics. Typically, the Producer Price Index is released by the Bureau of Labor Statistics the second week of the month.

ere able to acquire their land, thanks to federal policy - the Homestead Act. The Homestead Act was signed into law by President Abraham Lincoln on May 20, 1862, and went into effect the following year. In 1863.

He had been a struggling real estate developer living in the home his parents had bought back in the early ‘80’s when home ownership was still attainable with hard work.

Wichita: streets - rail - bonds - industry In 1870, Darius Munger and William "Dutch Bill" Greiffenstein filed plats to lay out the first streets in what would go on to become Wichita, Kansas. Wichita incorporated as a city on July 21, 1870.   One year later - on June 22, 1871 -underpinnings for the establishment of ‘Cowtown’ were laid in steel in Wichita. The Wichita and Southwestern Railroad Company was incorporated on June 22, 1871. A few months later, relative to railroad expansion in Wichita, a Sedgwick County, Kansas bond issuance took place. That bond issuance was approved by Sedgwick County voters on August 11, 1871: $200,000 in bonds This bond issuance enabled Wichita to finance the construction of a rail line which connected Wichita to Newton, Kansas. Rail service in Wichita - connecting Wichita to Newton -was a boon for Texas cattlemen. The new rail line -to the north of Texas - enabled shipment of cattle from Texas, on to Wichita. Then further along to Newton. And off to eastern markets in the United States.

RIVER QUAY In Kansas City, if one were to bring up the topic of River Quay (pronounced “River Key”), that conversation would no doubt evolve into a conversation about River Market. Today, River Market is a hip-and-trendy neighborhood in Kansas City, Missouri. Located just south of the Missouri River. Adorning River Market’s quaint neighborhood feel, you’ll find chic eateries. Coupled to an urban lifestyle. Complete with a streetcar. A stone’s throw to the west of Christopher S. Bond Bridge. That’s today. Today’s River Market. Yesterday’s River Quay. In 1971, Marion Trozzolo - then, a Rockhurst University professor - began renovating historic buildings alongside the “Big Muddy” in a section of Kansas City that we now know to be River Market. It was Professor Trozzolo who came up with the River Quay nickname. Trozzolo’s idea for River Quay? For River Quay to undergo a thorough, artsy-remake. Into a Kansas City-styled French Quarter. A neighborhood comparable to Chicago’s Old Town. To San Francisco’s Ghirardelli Square. Trozzolo envisioned a family-friendly environ for River Quay. Unfortunately, the latter half of the ‘70’s was a rough time for this neighborhood next to the muddy Missouri. The word Quay? It's a word of French origin. The translation for Quay? Loading platform. Or wharf. Did River Quay ever become a Kansas City French Quarter? Did River Quay ever become a Kansas City Old Town? Did River Quay ever become a Kansas City Ghirardelli Square? Hardly. By the late ‘70’s, revitalization efforts in River Quay had stalled. Leaving River Quay saddled with boarded up buildings. Deserted through-streets. A neighborhood, with no vibrancy. Streets, with no traffic. Sidewalks, with no passers-by. By the late ‘70’s, developers were walking away from unfinished River Quay projects. Whereas River Quay had once - not long before - been primed for a grandiose new identity. One which bespoke of a rebirth for this neighborhood. A transition. From blight. To that of an entertainment district. Yet by the late ‘70’s, River Quay was not on its way to becoming Kansas City’s French Quarter. By the late ‘70’s, you’d still find an X-rated theatre in River Quay. With mob ties. Homeless, sleeping next to decrepit River Quay buildings. Empty River Quay buildings which had once been fancied as prime renovation opportunities. Projects, sadly cast aside and forgotten. In River Quay.  In the late 1970’s? Well, at that time, River Quay was as an unfinished idea. Full of unrealized potential. Full of unrealized promise. Disappointing, no doubt. Yet today, on those same grounds, alongside the Missouri River, we have Kansas City’s stunning River Market. A great idea. Then a detour. Yet, a happy ending - and a nice story, with a unique history- in Kansas City.

In the mortgage business, is it wise to be a proponent of the free market? No. As the economy boomed after World War II, the United States government entered into the housing business. Post-War, U.S. housing policy backed home loans. When the government enters into any business, that business sector - its size, its shape, its construct, entrants into the business and business behavior overall - changes. Housing is no different. The Servicemen's Readjustment Act of 1944 - we know this to be the GI Bill - helped Veterans transition from soldier to citizen. A gateway to the middle class for countless U.S. Veterans was homeownership. Homeownership made possible through no-down payment VA loans. When speaking about the government’s role in housing, the Department of Housing and Urban Development comes to mind. HUD. HUD was formed in 1965. See low down payment FHA loans. With low down payments, there will be elevated levels of home purchases. Thanks in no small part to the low down payment. In terms of homeownership, countless Veterans - as well as those who benefit by obtaining an FHA loan - can and should acknowledge that the “free market” is not the reason they have been to benefit from homeownership. Government is the reason.

The Probate Home Sale When an offer to purchase a home being sold through probate in New Jersey has been accepted, a notice will be mailed to heirs of the estate. This notice is the Notice of Proposed Action. The Notice of Proposed Action enables estate heirs to object to the sale of the home. Should an estate heir - or, should estate heirs - object to the sale of the home, a court date will be set. Any offer to purchase a home being sold through probate must be equal to - or greater than - 90% of the appraisal value of the home. The appraisal value of the home is provided to the court by a licensed real estate appraiser who has been designated by the court to conduct such an appraisal. Whats next? The attorney for the estate schedules a confirmation hearing. This hearing takes place within 45 days of the filing date. Throughout the process, the listing agent of the home being sold through probate continues to show the home to prospective buyers. One directive the listing agent has in continuing to show the home to buyers is to determine whether an over-bidder emerges. An over-bidder is a buyer who submits their offer to purchase the home at a sale price which is greater than offers which have been received, to date. Thus, raising the sale price of the home. Increasing proceeds for the estate. In the event that there is an offer submitted by an over-bidder, the over-bidder attends a confirmation hearing. At the confirmation hearing, the over-bidder is required to present a certified check which is equal to or greater than 10% of the proposed sale price.

Trillions of dollars in homeowner equity…so are the best “captains” of “equity conversion airplanes” the homeowners themselves? No. There is an impetus placed upon real estate professionals - as well as an implied responsibility - to honestly, to effectively and to accurately communicate reality to home sellers. An inability to do so? Fewer real estate listings. Lower sale prices for home sellers. Less equity converted into cash for home sellers. Less revenue for real estate companies. Inopportune…across the board. Three years ago, American homeowners were custodians of an estimated $19 trillion in homeowner equity. Furthermore, over the past three years - even with these stubbornly-elevated mortgage rates - we witnessed an uninterrupted, further run-up in home prices. More equity gained, for American homeowners. As mortgage rates ease downwards heading into the fall, unlocking trillions of dollars in homeowner equity - as a result of more homeowners deciding to either trade up to larger homes, or to downsize to smaller homes, circumstances permitting - will trigger a large-scale (and an upcoming) re-thinking of this following question by more and more homeowners: What shall we now do with this equity we have in our home? So what’s the plan? In real estate, the effective utilization of well-tested "tools,” such as 3-D tours and virtual staging, coupled to good marketing processes - I.e.: a Marketing Plan - deployed by successful real estate teams is a great way for homeowners to convert the equity they have in their homes into cash. It works. Ok, so if you are a for sale by owner home seller in 2024, data indicate that an over-reliance in - as well as, maybe, blind faith placed upon(?), “the Internet,” if you decide to sell your home yourself, FSBO, could lead to an entirely avoidable (and a costly) home selling misadventure. As well as to a saddened foray for home sellers into this unintended outcome: lower sale prices.

Here’s an example from the test Marty and his students developed to distinguish optimists from pessimists: Imagine: You can’t get all the work done that others expect of you. Now imagine one major cause for this event. What leaps to mind? After you read that hypothetical scenario, you write down your response, and then, after you’re offered more scenarios, your responses are rated for how temporary (versus permanent) and how specific (versus pervasive) they are. If you’re a pessimist, you might say, I screw up everything. Or: I’m a loser. These explanations are all permanent; there’s not much you can do to change them. They’re also pervasive; they’re likely to influence lots of life situations, not just your job performance. Permanent and pervasive explanations for adversity turn minor complications into major catastrophes. They make it seem logical to give up. If, on the other hand, you’re an optimist, you might say, I mismanaged my time. Or: I didn’t work efficiently because of distractions. These explanations are all temporary and specific; their “fixability” motivates you to start clearing them away as problems. Using this test, Marty confirmed that, compared to optimists, pessimists are more likely to suffer from depression and anxiety. What’s more, optimists fare better in domains not directly related to mental health. For instance, optimistic undergraduates tend to earn higher grades and are less likely to drop out of school. Optimistic young adults stay healthier throughout middle age and, ultimately, live longer than pessimists. Optimists are more satisfied with their marriages. A one-year field study of MetLife insurance agents found that optimists are twice as likely to stay in their jobs, and that they sell about 25 percent more insurance than their pessimistic colleagues. Likewise, studies of salespeople in telecommunications, real estate, office products, car sales, banking, and other industries have shown that optimists outsell pessimists by 20 to 40 percent.

As monthly mortgage payments rose for home buyers over the past several years as a result of higher mortgage rates (coupled to increasing home prices), what simultaneously so too did rise were earned income opportunities for bondholders. Bondholders benefitted…at the expense of home buyers. If the Fed does indeed enact two rate cuts through the end of 2024, mortgage rates are likely to drop. As too will yields bondholders attain, through their purchase of newly-issued 10-year Treasuries. A trade-off is in the making. A much-welcomed rebalancing.

Happiness is your nature; it is not wrong to desire it. What is wrong is seeking it outside when it is inside. —RAMANA MAHARSHI, INDIAN HINDU SAGE

FAKE NEWS People say that heretofore I kept Black tenants from my door Using legal trickery, But fake news doesn’t bother me. They say that falsifying facts is How I skirted all my taxes. People call it larceny, But fake news doesn’t bother me. Constantly I’m found at fault, Charged with sexual assault, Harassment, and adultery, But fake news doesn’t bother me. Starving students, people say, Had their futures ripped away By Dumpty University, But fake news doesn’t bother me. They smear me with the vilest things Like payoffs for my casual flings From the campaign treasury, But fake news doesn’t bother me. People say I monetize All my presidential ties, Boosting my prosperity, But fake news doesn’t bother me. They say my meddling in Ukraine Left an ignominious stain Tantamount to treachery, But fake news doesn’t bother me. They say in days coronaviral I propelled our downward spiral Through my imbecility, But fake news doesn’t bother me. Notwithstanding crimes like these, I’ll continue as I please. Fake news doesn’t bother me. I’ll just rewrite history. Among other allegations, Donald Trump is said to have discriminated against African Americans as a New York real estate developer; committed tax fraud to avoid paying income tax on $50 million; engaged in sexual misconduct toward more than twenty-five women; endorsed Trump University’s fraudulent scheme to target the uneducated and the elderly; used the power of his office to attempt blackmail in Ukraine; and mishandled the government’s early response to the coronavirus pandemic.