Abstract In this article, the writer discusses realestate investing. The writer looks at ways to invest and save money in realestate. The writer examines the appeal of realestate investment for individual homeowners. In this paper, the writer also discusses realestate investing as a financial investment on a larger scale.
From the Paper "Investing in real estate has long held a strong allure for many individuals-their homes may be the only real estate investment they own, but with options such as reverse mortgages and home equity loans many individuals consider a single residence investment sufficient. Other investors are drawn to real estate because there is a tangible asset-land or buildings-that does not exist with many other types of investments. Still, other investors think of themselves as real estate moguls in the mold of Donald Trump who ..."
Abstract The 1900 to 1930 period was one of economic boom in Canada. This period, therefore, marks the era of modern realestate. This brief paper looks at the development of property and realestate during this 30 year period. In doing so, a very brief historical sketch of urban development is given, along with the factors that led to extensive urbanization and property development.
Abstract This paper analyzes customer satisfaction in the Chinese realestate industry. This research focuses on two studies measuring customer satisfaction in the realestate industry, discuses the implications of the data results, and offers recommendations toward much-warranted improvements in this area, if China is continue at its current intense growth pace.
Contents:
Abstract
Executive Summary
Introduction
Statement of the Problem
Literature Review
Background and Methodology of Proposed Research Design
Proposed Data Collection
Research Findings
Future Research
Conclusion
From the Paper "A survey by Guizhou Property Exchange Center indicates that many consumers are very disappointed by the poor services they had received from real estate agents in Guiyang City, the capital of Guizhou province, with a population of 1.36 million (Shibao, 2000). Prospective home shoppers and renters have indicated their reluctance to use the agents' services as a result of the bad experiences (Shibao, 2000). A research report by Shanghai Real Estate Economic Association for the preparation of WTO entry cited that, in comparison with companies in developed countries, China's local real estate companies have the following weaknesses: 1) lack of experience attributable to their short existence, 2) limited competing capability due to smaller sizes, 3) insufficient capital and backward marketing means, 4) lower management skills; and 5) the overall lack of customer service capabilities (Shibao, 2000).
According to a survey reported in the China Construction magazine, about 59 percent of the urban residents in China now own their own homes. The average living space for most of these urban residents that own their homes is 50-80 square meters; the majority of households surveyed have 2 to 4 people (Shibao, 2000). About 19.7 percent of such respondents live in rented dwellings and 11.5 percent receive rental subsidies from their employers or work units (Shibao, 2000). It was also reported that 21.9 percent of the residents surveyed indicated they would like to purchase new houses with a size of 70-150 square meters within 5 years (Shibao, 2000). Thus, the realty business is highly developed in many cities of China and has become an index of local economic status. However, due to some misunderstanding of realty business and improper orientation of market research in this industry, the existence of overpriced realty has become a commonality. This kind of violation of the relative relationship between demand and supply itself is a problem valuable to research. "
Abstract This paper discusses how the latest economic recession has left its market on the realestate industry, some for the better, but most for the worse. It looks at how deteriorating conditions are evidenced by higher vacancy rates, lower market prices and/or a slower pace of sales while healthier markets enjoy the reverse of these outcomes. It explores the recent changes in the market for the realestate industry across the following sectors: single-family, multifamily, office, retail and industrial realestate markets.
From the Paper "The largest question that looms for the single-family housing market is if the bubble will burst. The biggest market fundament that drives housing purchases is mortgage rates than have been at near record lows. Thus, when interest rates start to rise, the housing market should slow down. But that's not expected to happen for some time and when it does it will be in response to stronger economic activity which will offset a good bit of the effect on the housing sector. And, in a population of 290 million people, a 1.85 million increase in new homes isn?t much of an increase in the supply. The National Association of Realtors is forecasting only a three percent decline in home prices by the fourth quarter of 2003. However, the market for housing is highly subject to local market conditions and there may be both lower and higher regional exceptions to these estimates."
Abstract The paper reveals that realestate is the most advantageous investment because it tends to act as a counterweight to inflation, it is not normally effected by the conditions on Wall Street and it generates a higher yield than a savings account or bonds. The paper focuses on the use of realestate in a preservation of capital strategy. The research explores residential and commercial realestate, realestate investment trusts (REITs), real-estate mutual funds and home builder stocks. The paper discusses the manner in which they can be utilized in a preservation of capital investment strategy.
Outline:
Abstract
Chapter I: Introduction
Chapter II: Literature Review
Chapter III: Methodology
Chapter IV: Discussion, Conclusions and Recommendations
From the Paper "Preservation of Capital is defined as an investment strategy that has as a primary goal preventing the loss of the total value of an investment. The use of a capital preservation means that investors must guarantee their portfolios are generating a return that is at a minimum equal to inflation. The research also found that real estate serves as great portfolio investment because it is a counterweight to inflation. The literature asserts that most financial planners and investment managers alike recommend that individual portfolios consist of 5% and 20% real estate investment that does not include the investor's primary residence. In addition the research found that companies began increasing real estate investments in the 1980's and today a substantial percentage of many business investment portfolios are composed of real estate investment."
Abstract This paper examines how due to the similarities of realestate transactions in general, many Americans assume that the basic realestate terms and principles of the United States also hold true in Mexico. It looks at how many aspects of Mexican realestate are in fact completely different and therefore, a foreigner who wishes to purchase realestate in Mexico may face many obstacles to acquiring simple ownership. Before making a purchase, it is important to understand the terrain, its problems and advantages, as well as the area, the people and the corresponding realestate values.
Outline
Introduction
Different Laws in Mexico
Buying Property in Mexico
Financing and Deeding
Obtaining Title and Title Insurance
Changes Made for Foreign Investment
From the Paper "Mexican deeds are public instruments, which can be researched at the local Public Registry of Property (National Law Center for Inter-American Free Trade, 1997). There is a Public Registry of Property in most cities and towns throughout Mexico. These government offices are where documents are registered so that third parties can research the ownership of land titles and liens on such titles. A deed must be finalized and signed by a Mexican notary. The deed lists the parties involved in the transaction, including the notary, seller, buyer, and the trustee bank, as well as identifies the property."
Abstract This paper explains the need for a research paper that would consider the relationships that exist in the realestate transaction process. The paper then introduces a dissertation that would analyze the relationships that exist between realestate transactions on the internet and on paper. The paper explains that understanding these relationships would help determine whether digital realestate transactions via the internet can provide more timely, safe convenient and less costly transactions than paper transactions. The paper further explains that in order to assess the question fully, the relationships that exist between time and paper vs. digital related processes must be examined and that in order to examine these relationships, the realestate transaction process must be examined in detail. Thus, among other things, the paper requires an analysis of the actual processes involved in the realestate transaction, including the processes of recording deeds, mortgages in county court clerk systems by banks, attorneys and title escrow companies.
From the Paper "The first step toward investigating relationships is an analysis of the real estate process and potential variables that impact the time it takes to process transactions. A review of the literature currently available with regard to real estate transactions will help the researcher assess exactly how many variables and the types of variables that are necessary to observe to determine the relationship that exists between time and transaction processing."
Abstract This paper presents an analysis of the realestate industry by discussing current trends of the realestate industry while analyzing the strengths, weaknesses, opportunities and threats. Additionally, this paper also discusses the national and global outlook of the realestate industry as well as potential problems that the realestate industry may encounter in the future.
From the Paper "The residential real estate industry has been surprisingly resilient in light of the current economic situation. Over the previous two years residential real estate purchases registered into the double digits, while these numbers are down, the market for real estate is anything but out. At a glance, it would appear that realtors do not even know that a recession exists as new properties are springing up from Northern Virginia to California, even Hong Kong is getting in on the action. So what does the future hold for the residential real estate market in the United States and across the globe?"
Abstract Human resource management at any firm requires the negotiating between different personalities. However, because of the daily nature of realestate as a profession and the need to forestall personality conflicts between employees and sellers, this becomes particularly critical in the realestate profession. This paper examines the role of human resources in realestate firms. It also provides recommendations for a realestate firm when setting up an HR department.
From the Paper "Furthermore, as individuals become more tempted to sell homes themselves, either as independent agents or by using the internet, real estate firms must work particularly hard in today's climate to make a case for the need for their profession, and the need for an agent as a crucial middleperson in negotiating a fair and equitable sale, as well as informing prospective sellers and buyers of any particular property of the value of said purchase. In fact, the internet has proved helpful in some respects to the industry, as ?advances in telecommunications and the ability to retrieve data on properties over the Internet allows many real estate brokers and sales agents to work out of their homes, instead of real estate offices.? (U.S. Department of Labor, ?Real Estate,? 2004)"
Abstract This paper analyzes the impact of the proposed REIT on the U.K. commercial realestate market and the benefits that they can provide the investing community. In view of its dynamic nature and complicated taxation and legal issues, it is necessary to make a thorough investigation of all pros and cons of REIT before the U.K. authorities go ahead with implementation. The U.S. is perhaps the most advanced market for REIT in terms of size, growth, and sophistication. A few countries, such as Germany, the Netherlands, Australia, Japan, Singapore, and Korea have REIT structures, and many of them are quite successful. The paper examines the impact of REIT on the U.K. market by analyzing the REIT mechanisms in the U.S. and other nations, such as Australia and Japan. The successful evolution of REIT in the U.S. is traced from its early years, and the impact of favorable legislation to the success of investment vehicles is highlighted. The paper explores the taxation and legal implications for REIT under the present taxation regime in the United Kingdom. The paper considers the different forms and structures of REIT and highlights the advantages and disadvantages from the viewpoint of returns for the investors. The paper also stresses the importance of tax-efficient and investor-friendly policies in determining the success of the REIT. The paper concludes that the U.S.-styled REIT will have a favorable impact on the commercial realestate market in the U.K., and the paper recommends that REIT be introduced as soon as possible due to growing investor interest in realestate. The paper makes specific recommendations as to the manner in which REIT should be introduced in the U.K..
Table of Contents
1. Introduction
2. Hypothesis
3. Theoretical Framework for REIT
4. Research & Hypothesis Testing
- REIT in the US
- Proposed REIT Structure in the UK
- Critical Success Factors for REIT in the UK
- Taxation Issues in REIT
- REIT in Japan
- REIT in Australia
5. Conclusions and Recommendations
6. Appendix
7. Bibliography
From the Paper "A Real Estate Investment Trust (REIT) is defined as a corporation or a trust that accumulates capital from multiple investors to acquire and manage income property, called equity REIT and or mortgage loans, referred to as mortgage REIT. In many a sense, REITs are similar to equities as they are traded on major stock exchanges. REITs are eligible for several fiscal benefits compared to real ownership of properties. They are highly liquid and can be converted to cash in quick time, unlike the conventional real estate deals, where significant time elapses before a deal is completed. More importantly, REITs provide attractive opportunities to investors as they can share ownership in non-residential properties such as hotels, malls and industrial complexes. From the perspective of individuals, REITs are interesting because they have no minimum investment levels and hence affordability is not a major issue. In terms of returns on investment, they offer the comfort that they need not arise or fall in line with the overall market."
Abstract The paper discusses the skyrocketing realestate prices in the Washington D.C. metropolitan area as well as the booming realestate market in Tokyo. The paper notes that the economies in these two cities are in very different shape and points out that many of Tokyo's realestate projects are being bought by foreign investors. The paper compares the suburban areas of these two countries, and notes how these countries have very different living conditions. The paper then examines the differences between realestate marketing in the United States and Japan and predicts that in the future, these two countries will continue to employ basically the same techniques as each other, with the main difference being how they communicate with foreign investors.
From the Paper "The United States and Japan are two of the richest countries in the world and their resources sometimes exceed what the population can consume. This is not a problem in the real estate business, however, as both countries are seeing that particular industry enter into a boom period. Japan has been going through a little bit of a recession recently but it is beginning to come out of it because of a variety of factors. Real estate is currently a huge business in the United States, as is shown in the Washington D.C. area. This area is going through its largest period of growth in history and there s not enough real estate to support the demand for it. Economically, it is the fastest growing city in the United States and it is not showing any signs of slowing down anytime soon."
Abstract Over the past years, several realestate moguls have become household names, linked to fortunes, fame, glamour and in some cases, scandal, fraud and deceit. This paper follows the lives and realestate careers of several of these personalities, including Donald Trump of the famous Trump hotel and casino chain, Charles Keating whose fraudulent sales of phoney realestate led to investors losing millions and "Queen Mean" Leona Helmsley.
From the Paper "In 1987, Larry Silverstein completed his addition to his commercial empire, "a 47 story block called World Trade Center 7, with 2 million square feet of space" (Duke 2002). After lusting for years after the prize of all prizes, in 2001, he won the bid to ?become the leaseholder on the World Trade Center Twin Towers, with 10 million square feet of office space ? (Duke 2002). He began constructing his offices on the 101st floor of the WRC I. Silverstein had become ?one of the largest commercial landlords in New York City (Duke 2002). While debates abound regarding what to do with the most prized real estate in Manhattan, Silverstein declares, "My lease requires me to pay $130 million a year for 99 years. I only have 98 years to go. And my lease obligates me to rebuild. . . . So with the insurance money coming to me, I' m going to take those proceeds and rebuild the Trade Center and fulfill my obligation under the law" (Duke 2002)."
Abstract Realestate moguls have contributed significantly to the landscape of America. The paper explains that there are those realestate moguls who have succeeded brilliantly and built hotels like The Trump Plaza and that there are those who have failed miserably and had to bankrupt their businesses or are incarcerated because of fraud and deceit. Regardless of the level of their success, the contributions of realestate moguls are undeniable. This paper examines the achievements of Donald Trump, Larry Silverstein and Leona Helmsley.
From the Paper "There are many real estate developers who lose fortunes in their endeavors and their investors lose, also. What makes for a successful real estate developer? Not everyone can be a Donald Trump, who seems to have a golden touch. There seems to be a variety of factors that need to be considered when real estate developers undertake a new project. One consideration is location. The developer needs to determine if the location is appropriate for the type of project being considered. For example, a shopping plaza in a downtown area might not be as good of an idea as a shopping plaza in a suburban area. In accord with this, the neighborhood must be taken into account. When you are considering building your project, you must consider your neighbors and what they would prefer to have in their neighborhood. A small bookstore might fit nicely into a neighborhood, whereas a nightclub would not. A developer would also have to consider what the market is and what people desire in certain areas. A developer would not want to put in 100 office spaces in an area that has 150 empty office spaces already. This developer might want to consider small businesses to attract more commerce interests. Additionally, the developer would have to try to forecast whether the needs and wants of people will be approximately the same by the time the project is finished. This is sometimes very difficult to accomplish because of the time difference between inception of the idea and the reality of the completion of the project. An example of this is found in Los Angeles where "many of the high-rise towers that were developed downtown in the early '90s - just around the time that campus-style buildings were coming into vogue, the economy was heading into recession, and L.A. was losing many of its large corporate headquarters" (Hayes, 1999, p. 2)."
Abstract This paper presents a review of the realestate investment advice book, "The ABC's of RealEstate Investing: The Secrets of Finding Hidden Profits Most Advisors Miss", by Ken McElroy. The paper explains that the book is part of the famous "Rich Dad, Poor Dad" business book series by investment guru and advisor Robert T. Kiyosaki and that the introduction to the book is, in fact, written by Kiyosaki. The paper further explains that Kiyosaki frames the investment advice that Ken McElroy provides in the book and that the book is a worthwhile and motivating read for any investors in realestate.
From the Paper "According to the book The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Advisors Miss, it is a myth that some investors seem to have the so-called Midas touch of investing, while others do not. (9) Rather than attempting to intimidate with impressive-looking ledgers of facts and figures, ordinary investors are encouraged to read this book for concrete suggestions of how they can enter the real estate market, how they invest wisely and charge the appropriate rents for their area so they can recoup on their investment, as well as glean some general personal and motivational strategies. True, in "every business and every industry there are people who just seem to drip with success," states the introduction (1) But this book provides the reader with the practical steps to emulate such people, people who seem to have the uncanny ability to know the right properties to invest in, and thus have the power to become their own bosses, and live as they chose to live."
Abstract In this paper, the writer relates that the realestate business is not devoid of its fair share of ethical dilemmas and issues. The writer notes that while there is a long list of ethical rules that realtors should follow and that realestate is one of the most legally regulated industries, there are still chances that ethical problems will arise. Further, the writer points out that, while most realestate agents will be honest and upright in their professional dealings, they too can encounter professional ethical dilemmas. In such cases, the writer maintains that it is ideal to stick to the code of ethics, but things may not always be as simple as they appear. The dilemmas arise on a number of occasions where the ethical code of realtors demands one thing and the realtors' personal ethics demand another. The writer concludes that the solution lies in finding the middle path- the common ground that would allow for both sets of ethical principles to work together without clashing.
From the Paper "Ethical dilemmas can arise from things as simple as valuation, property neighborhood, disclosures etc. It has been noticed the valuation bias is often one of the most commonly encountered ethical problems in real estate. Since properties are used for loans and mortgages, realtors can often put them at a higher price or worth than they really are. Similarly disclosure about problems with a property might not be made accurately. Since realtors know when a buyer is interested in a property, they wouldn't want to kill that interest by revealing that there are certain issues with the property and hence may find themselves faced with an ethical problem."
