Luxury Real Estate Blog

Fannie Mae & Freddie Mac bailed out! Boom or bust?

Sep 09, 2008

By Jim Walberg From his blog: Fannie Mae & Freddie Mac Bailed Out Today! Boom Or Bust? The Feds took over Fannie Mae and Feddy Mac today! Time will tell what happens next for East Bay Real Estate consumers and who will pay the bill, says Jim Walberg. The Federal Government made their historic announcement today – a Federal bailout of Fannie Mae and Freddie Mac could not wait another day! The straw that broke the camel’s back was the liquidity condition of both of these mammoth financial entities. It is frightening to imagine that both of these companies own or guarantee about $5 TRILLION in home loans – about half of all the nation’s total home loans! And, we need to be reminded about my phrase, “Do not be fearful!” – False Evidence Appearing Real! The plan that was announced today by Treasury Secretary Henry Paulson and James Lockhart, director of the Federal Housing Finance Agency, places the two companies into a “conservatorship” to be run by the Federal Housing Finance Agency. Under conservatorship, the government would temporarily run Fannie and Freddie until they are on stronger footing. “A failure of Fannie and Freddie would affect the ability of Americans to get home loans, auto loans and other consumer credit and business finance. And a failure would be harmful to economic growth and job creation,” Paulson said at a news conference today in Washington. With this bailout, the Feds have now made $200 BILLION available to them to shore up their liquidity issues. Again, this money is coming from the United States as an addition to the national debt.

Mexico's Hottest new Destination

Sep 09, 2008 — Laurie Michelle Vance, Sea to Sky Real Estate

Riviera Nayarit, just minutes from the airport at Puerto Vallarta is fast becoming the darling of the Luxury set worldwide. With over 100 miles of pristine white sandy beaches, fabulous weather year round and plenty of choices, from the Four Seasons Private Residences in Punta Mita, to the Hotel des Artistes in Punta de Mita, there is something for everyone. The area is renowned for some of the best surfing on th West Coast of Mexico, along with great golf courses - Jack Niclaus, Tom Weiskoff, Greg Norman, there is also some of the best deep sea fishing in the world in the Bay of Banderas. Skin and scuba diving, horseback riding, Huichol culture, history and eco-tours are available throughout the area. The real estate along the ocean is pure luxury and there are condo units starting from $300,000 US and Luxury Villas at $10,000,000 US. Bill Gates is a frequent visitor along with many celebrities that have discovered the area (Byonce and Jennifer Anniston among them!). The Mexican Federal Government is investing over $1.5 billion in the areas infrastructure, with new roads, sewer, water and electrical installations and are supporting all the new tourism development, including new hospitals and services to offshore residents. If you have clients looking for a retiement home south of the border this is it! I have been working in this area for a year and would be happy to assist you with any buyers that are looking for a luxury getaway with easy access from the US and Canada in an area that is going to see a tremendous growth potential.

Reciprocity – listings on your website

Sep 08, 2008

By Michael Edlund is the #1 place to go to find a multimillion-dollar luxury property on the Internet. But we also allow our members to put the entire Luxury Real Estate collection of tens of thousands of listings on their own website and make them searchable right there, in a way that you control. Instead of potentially losing a valued client to another broker, you gain the referral fee and retain the client’s business. This is the LRE Global Broker Reciprocity, and it comes in two flavors: generic and custom. Generic is included with Luxury Real Estate membership, and has a set template that looks the same on every site. Custom reciprocity has an additional fee but is customized to blend in with the design of each website so that it gives a more consistent user experience for customers.

New: Statistics, multiple service areas and certifications in profile

Sep 05, 2008

There's a few news in the Lounge as of today. First off all, we added some statistics in the Atrium to show which users are most active within a number of areas. It is now also possible to add multiple service areas in your profile. Your certifications will now show in your profile. Coming soon is people searching based on locations and certifications.

Reciprocity – Listings on your Website

Sep 05, 2008 is the #1 place to go to find a multi-million dollar property on the Internet. But we also allow for our members to put the entire collection of tens of thousands of listings on their own website and make them searchable right there, in a way that you control. Instead of potentially losing a valued client to another broker, you gain the referral fee and retain the client's business.

Manmade global warming a costly deception

Sep 05, 2008

By Robert Lockard I recently finished writing an interesting article for the winter 2009 issue of Magazine. The article is on “green” homes, and it was a challenge to write, mainly because I have a number of concerns about the current global-warming scare. I was able to find a lot of good in “green” homes, especially their energy savings and positive health effects on residents. I shied away from discussing their environmental effects, since I am unconvinced that they will have any real ones, and saying that they will might give people a false sense of security. To be sure, I am all for conservation and avoiding the waste or misuse of our resources. But something is very wrong with the current debate, or lack thereof, on global warming. I bring this up, not only because of my magazine article, but also because I read a very informative article entitled “Hot air over global warming” by Jerome Delvin in The Seattle Post-Intelligencer this morning. I highly recommend checking it out. As I noted in the Editor’s Note of a July 31, 2008 post to the Luxury Real Estate Blog by Jean-Yves Piton entitled “Green luxury real estate,” many climatologists and other scientists are speaking out about the fallacy of manmade global warming. You can find a great deal of accurate information from top scientists who spoke at the 2008 International Conference on Climate Change. It is clear that the Earth’s atmosphere is warming, but there is actually little evidence to suggest that human activity is the main cause.

How Google Maps can be used to make solar power decisions for your luxury home

Sep 05, 2008

By Simon Turner From his blog: How Google Maps can be used to make solar power decisions for your home As energy prices continue to climb, the idea of utilizing solar energy is common sense. The process of getting solar panels installed, however, is quite the opposite. RoofRay, a new Californian business, aims to give homeowners better information to enable them to make more-informed environmental decisions for their luxury home. Using the site’s modeling tools, consumers can estimate how much solar energy a home could capture and how that would affect their monthly bills. The data provided is based upon historical weather conditions, current power usage charges, the gradient of the property, and the maximum amount of solar paneling the roof can hold. One tool uses Google Maps to let users calculate the size of their roof and build virtual panels. RoofRay then estimates the output potential of the solar panels as well as financial considerations like costs of installation, upkeep and return on investment.

Andrew Harper's 10 places to eat before you die

Sep 04, 2008

By Andrew Harper Our country is blessed with some of the finest dining establishments in the world, but for this list, I thought it would be more intriguing to look at quintessentially American restaurants. Some of these places are legendary. Most are local institutions. All serve tremendous food. These suggestions are based on my professional wanderings over the last 30 years as a luxury hotel reviewer and committed food lover. The selections are completely subjective and wholeheartedly recommended. The Steakhouse You can almost always count on finding a good steakhouse in every American city. And then there’s Peter Luger in Brooklyn. In business since 1887, it is renowned for its rigorously selected, succulent, buttery porterhouse prepared to exacting standards. This is not a fancy place; it’s cash only, and the service is gruffly efficient. No carnivore should miss it.

Palmetto Bay Resort in Belize offers advanced “green” features

Sep 03, 2008

By Jim Walberg From his blog: Palmetto Bay Resort in Belize Continues To Feature “Green Development” This boutique luxury resort on the Placentia Peninsula is a trendsetter when it comes to its “Green Features”! Palmetto Bay Resort is one of the leaders of “green” Caribbean developments in Belize. This luxury resort has integrated into its design certain features that other developers are watching closely. Palmetto Bay Resort has carefully considered its impact on the environment from the earliest planning stages of its development. Some of the features they have implemented are: Geothermal cooling and heating technology. Solar power for outside illumination – pathways, water features, landscaping and the beach. Grey-water systems to recycle water. LED lighting that will reduce energy costs by as much as 80 percent. Indigenous species of plants, including fruit trees, in the landscaping. Cisterns to catch and store rain water and act as a renewable water supply for the saline pool, water features and landscaping. Strategically implemented wind power.

Donald Trump provides the future for Sydney!

Sep 02, 2008

By Michael Marquette From his blog: Donald Trump Provides the Future for Sydney! Donald Trump is moving his focus to Australia with Sydney as the city set to benefit. Having just released his Palm Beach property from his book, he is planning to move by the end of the year and real estate throughout the Harbour city is set to be changed forever. Sydney is set to lead the world in innovative luxury property, and those looking to rent or buy will benefit. Trump Tower Sydney will be the most luxurious real estate in the country with 24-hour Luxury Concierge and apartments that resemble luxury penthouses. With the recent examples of the world’s tallest buildings in the world produced from forward-thinking economies such as Dubai and Qatar, could Sydney truly reach such levels? The serious question, however, is whether Trump will really leave New York and help turn Sydney into the next Capital of the World?
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