By Brian Langhorst As many of you know, our 13th Annual Fall Conference is being held this October 11th – 14th at the historic Ritz Carlton Hotel in Philadelphia, Pennsylvania. But did you know that Philadelphia: - Has 0% sales tax on certain items! - Is the largest city in Pennsylvania. - Is the sixth most populated city in the United States. - Is home to famed Morimoto Restaurant, run by chef Masaharu Morimoto, one of the original Iron Chefs. - Is the nation’s 4th largest consumer market. - Has the oldest diamond district in the United States! - Is home to luxury jewelry stores Lagos and Tiffany & Co. - Was the nation’s first capital in 1774. - Is home of the Rodin Museum and houses the second-largest collection of works outside of France. - Is home to Comcast, Lincoln Financial Group, CIGNA, Sunoco and many more.
August 27, 2008
By Barbara Waugh Cuernavaca’s perfect climate and proximity to Mexico City make it a favorite weekend retreat and the destination of choice for a large expatriate community. If you’ve ever dreamed of owning (foreigners can own luxury property in their own name) or renting your own Mexican villa, this is the place, whether you’re looking for a winter retreat, summer vacation home, weekend getaway or year-round residence. A strong buyer’s market exists for luxury homes in all styles, sizes and price ranges, usually including a pool and garden. But as prices rise, many of the real bargains are being snapped up, from the cool, tree-shaded heights of Rancho Cortes and Vista Hermosa to the warm, tropical gardens of Palmira and Acapantzingo, all fashionable Cuernavaca neighborhoods. Both Travel & Leisure and The Robb Report, two popular U.S. luxury lifestyle publications, have ranked Cuernavaca as among the best communities in the world in which to live. Forbes magazine has on several occasions featured a luxury Cuernavaca property on its website as its Property of the Week.
August 26, 2008
By Michael Marquette From his blog: Where to Buy in Newcastle (Australia)? Are you considering a sea change or thinking about which suburbs are in most demand in Newcastle? If you are, this information is essential reading. Earlier this month, I wrote about the massive 85 percent drop in sales in July this year compared to the same month last year for properties in the City of Newcastle. If the trend continues many real estate agencies will close their doors and many agents will be forced to flee the industry. This staggering decrease in demand has put enormous pressure on pricing in the area and is causing many vendors considerable grief. So the question of where to buy to best protect your investment is more important than ever.
August 25, 2008
By Yvonne Harvey LuxuryRealEstate.com is planning a post-conference networking trip to New York for those attending the 13th Annual Luxury Real Estate Fall Conference, October 11-14, 2008. This trip is not just any networking trip … oh no. We have added some great entertainment! Of my years in event planning, one of my most memorable trips was to New York City. Since the group I was taking included sports advertisers and die-hard Seattle Mariners fans, we went to Yankee Stadium to see the Mariners womp the Yankees! Hopefully there aren’t too many Yankee fans out there!
August 22, 2008
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August 22, 2008
By Robert Lockard A while ago I stepped back from writing about luxury real estate to discuss a terribly destructive force that threatens to destroy families and make people miserable: debt. I would like to discuss something that I find to be just as dangerous as addiction to debt – the illogically high cost of earning a college degree. I read a potentially explosive story on CNN yesterday about a bubble in the cost of higher education that makes the real-estate bubble or the tech crash in 2000 look tame in comparison.
August 21, 2008
By Brian Langhorst Photosynth is one of the latest projects from Microsoft to come out of their Live Labs group and development business. This unique program will take photos that you specify from your camera or computer desktop and find the similarities in each photo and create a visual presentation piecing these photos together. It might be hard to see what the big deal is based on this short description, but I encourage you to visit the Photosynth site and you will better understand just how fascinating this new tool is.
August 20, 2008
By Jim Walberg From his blog: East Bay Real Estate Community Supports “Stand Down”! 2008 “Stand Down” serves 600 homeless veterans at the Alameda County Fairgrounds August 7th - 10th! Another example as to how your real-estate community and its service providers continue to give back to the needs of the Bay Area was demonstrated on Friday, Aug. 8 at 5:30 a.m. at the Alameda County Fairgrounds. Members of the REALTORS® Marketing Association served breakfast to a “village” of war veterans. Every two years the Diablo Valley Vietnam Veterans Association arranges for an entire “tent city” to be set up in the East Bay so homeless veterans can be served. “Stand Down” is a term used during war to describe the practice of removing combat troops from the field and take care of their basic needs in a safe place. That is exactly what has been created for 600 homeless veterans this week. The RMA contracts Ruggie’s Restaurant in San Ramon to supply ALL the food they serve.
August 19, 2008
By Robert Lockard Nick Antonicello, Director of Sales for Unique Homes, pointed out an interesting story to me last week in the Los Angeles Times Blog. You might have already heard about it, but I just want to put in my two cents about the whole affair. Peter Viles, Senior Producer for Real Estate at LATimes.com, wrote in his blog entry that Donald Trump, possibly the best-known real-estate developer in the world, is seeking to buy Ed McMahon’s mansion to save him from foreclosure. In an even more bizarre turn of events, Mr. Trump now might be having some competition for buying Mr. McMahon’s luxury home. That’s according to a new blog post today by Ann Brenoff, author of the Los Angeles Times’ weekly “Hot Property” feature. As Mr. Spock would say, “Fascinating.”
August 19, 2008
By Michael Marquette From his blog: Luxury Homes Fail to Sell at Auction It has always astonished me how many real estate agents advise everyone they meet to auction their home home. In Regional cities like Newcastle this happens all too often with the inevitable result of the property passing in, and in most cases not even receiving one bid from a potential buyer. The process is horrendous for vendors who quite often have their hopes set high only to have them come crashing down on auction day. Potential purchasers use the fact that the property passed in to show that there is little if any interest in the home and accordingly offer much less for the property or just wait for the price to continue falling in the hope of snapping it up for a bargain price.