10 Essential Real Estate Team Members (& How BiggerPockets Takes the Pain Out of Finding Them)11/30/2018 I want to use this article as a reminder of how BiggerPockets has grown into a resource with multiple ways to help you create your successful 10-member team. View the full article: 10 Essential Real Estate Team Members (& How BiggerPockets Takes the Pain Out of Finding Them) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved. via 10 Essential Real Estate Team Members (& How BiggerPockets Takes the Pain Out of Finding Them) https://ift.tt/2rfYyxm
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Much has been made of the American Dream: how homeownership can help lift hard-working folks into the country’s middle class. But that dream just isn’t worth nearly as much in minority neighborhoods. Homes in predominantly black neighborhoods are worth only about half as much as comparable properties in white neighborhoods, according to a recent report from Gallup and the Brookings Institution, a think tank. Brookings and Gallup looked at neighborhoods where at least 50% of residents were black. These were then compared with neighborhoods whose populations were less than 1% black. In black communities, homes are undervalued by an average of $48,000 per home, according to the report—and that’s comparing them with white neighborhoods that have similar amenities. That’s a significant amount, considering the median home list price is $295,000, according to the most recent realtor.com® data. “This is due to the history of racial discrimination and segregation that still lingers in cities around the country,” says Jonathan Rothwell, senior economist at Gallup. “Homeowners in those areas are missing out on equity and wealth, which they could use to improve their lives and pass money onto their children to start businesses.” Or those homeowners could use their equity to purchase larger or nicer homes, he says. This issue affects quite a few Americans. Only about 10% of neighborhoods in U.S. metropolitan areas are majority black. But 37% of black Americans live in these metros, which include cities and the suburbs and exurbs surrounding them. And while the study compares neighborhoods that are similar aside from their racial makeup, on the whole, predominantly black neighborhoods often don’t have the top public schools, libraries, parks, and other amenities of white neighborhoods. Instead, residents of majority-black communities must often deal with higher crime rates and longer commute times. These areas may also have less access to good jobs and public transit, see fewer investments in infrastructure, development and parks, and may struggle with higher unemployment rates, says Realtor® Michael LaFargue of Coldwell Banker Residential in Chicago. He primarily works in the city’s black neighborhoods. Plus, recessions can hit these communities harder. “When markets go down, home values in black neighborhoods go down faster,” he says. “And when markets go up, home values in black neighborhoods take longer to recover.” The post Racial Gap: Homes in Black Neighborhoods Are Worth This Much Less Than in White Ones appeared first on Real Estate News & Insights | realtor.com®. via Racial Gap: Homes in Black Neighborhoods Are Worth This Much Less Than in White Ones https://ift.tt/2zwLDfm
Here’s the first sneak peak at Palazzo del Cielo, Acqualina’s penthouse “palace in the sky.”
via Acqualina's New $38 Million Penthouse Includes Rolls Royce & Lamborghini https://ift.tt/2zxutxQ
Here’s the first sneak peak at Palazzo del Cielo, Acqualina’s penthouse “palace in the sky.”
via Acqualina's New $38 Million Penthouse Includes Rolls Royce & Lamborghini https://ift.tt/2zxutxQ When most people envision their dream home, they describe large kitchens, beautiful hardwood floors and clawfoot tubs. But not John Hay. In the mid-1980s, Hay - founder of the Celestial Seasonings Tea Company and great-great grandson of U.S. Secretary of State John Milton Hay - purchased the Beckham Creek Cave in Parthenon, Arkansas. He had plans to transform it into a 10,000-square-foot bomb shelter, consisting of cinder-block walls, plywood flooring, 11 coats of clear epoxy on the natural formations of the cave, and an internal freshwater spring. He stocked it with enough freeze-dried food to keep 50 people fed for up to two years, and he twice had his religious group sit out bomb scares in the cave. By 1987, Hay realized the end of the world wasn't coming quite so soon. Various records indicate the property was sold to a man known simply as "Mr. Richardson," who had a different dream in mind when he came into possession of the property. Soon after turning the space into a $6 million clubbing venue, Mr. Richardson held a grand unveiling that welcomed over 250 esteemed guests, including Michael Jackson, Elizabeth Taylor, Diana Ross and many other Hollywood elite. It's no wonder that in 1994, John Hay repurchased his now illustrious cave. In the decades following, several new owners have taken hold of the 257-acre property, each one undoubtedly in awe of the great room’s 40-foot rock ceilings and 2,300 square feet. Stalactites descend from overhead throughout the 5,572-square-foot home, and raw rock has been used wherever possible to maintain the unique character of the space. Though it's been renovated several times, the sprawling cave has kept its surprisingly cozy charm intact. Part of the reason the cave's natural features have been preserved is surely thanks to Hay, who reverently told People magazine in 1988 that the home's "original architect was God." More impressive than almost any other feature, however, is the spring that leads to a waterfall in the living room. The waterfall flows down, below the floor of the house, and continues out beside the front, where it becomes a pool. Finally, it spills out into the spring-fed pond 1,000 feet below, right beside the helipad. The bad news - every dream home comes with its own downfalls, after all - is that a few of the stalactites drip. However, the whole property is climate-controlled thanks to geothermal units throughout. The 4-bed, 4-bath cave home will run its next owners somewhere around $2.75 million. And while it doesn't have those coveted hardwood floors or the clawfoot tub that fantasies are made of, we still consider this incredibly cool residence to be a real gem. Related:
via Hibernate Luxuriously in This 5,572-Square-Foot Cave Mansion https://ift.tt/2KLhtsR More than anything else, your time is valuable. So how do you know if tasks are worthy of your most precious asset? Find out how to calculate it here! View the full article: How Much is Your Time Worth? Here’s How to Calculate it (& Up Your Value!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved. via How Much is Your Time Worth? Here’s How to Calculate it (& Up Your Value!) https://ift.tt/292dbx5
The apartment is nestled in an 1830s building on land once used as an apple orchard by Clement Clarke Moore, author of the famed holiday poem, “A Visit from St. Nicholas.”
via Cozy Chelsea Condo With Treasured Christmas History Listed On NYC Market https://ift.tt/2FLGwNI
Cheeses Christ! Jill Kargman talks about her collaboration with Soceity6, signature style and why she judges people who blot their pizza.
via Jill Kargman Collaborates With Society6 On A Line Of Humorous Hostess Gifts https://ift.tt/2P8hMP3 5.8%That’s where 30-year fixed mortgage rates are headed in 2019, based on our 2019 predictions. And guess what that will mean for affordability? 386,000Number of existing homes in U.S. coastal areas likely to be at risk of permanent inundation or chronic flooding by 2050 if greenhouse gas emissions climb unchecked. 2.5 millionThat same estimate for the year 2100. And if emissions are cut roughly in line with the Paris agreement on climate? About 348,000 homes by 2050 and 1.3 million homes by 2100. $11,500Home value difference between areas where women with newborns move from and where they move to. That finding comes from a follow-up to our initial research that found birth rates dropped the most in counties where home values grew the most. 52.3%Share of homes for sale that a family with the household income and student debt could afford. Without student debt, that same family could afford 66.4 percent of homes. Guess what share of renters looking to buy a home has student debt? 1.4 percentage pointsBoost in annual rent appreciation that people living in the New York area can expect from the “Amazon effect” of adding 25,000 high-paid jobs — beyond what’s already anticipated. 19Number of markets out of the 35 most populous where there’s a double-digit percentage point gap between home-value recovery rates for ZIP codes where there were high versus low foreclosures during the housing crisis. The recovery has been uneven, even within markets. The post Notable Numbers From November 2018 appeared first on Zillow Research. via Notable Numbers From November 2018 https://ift.tt/2Q8uPW7
Cheeses Christ! Jill Kargman talks about her collaboration with Soceity6, signature style and why she judges people who blot their pizza.
via Jill Kargman Collaborates With Society6 On A Line Of Humorous Hostess Gifts https://ift.tt/2P8hMP3 |
AuthorHi, I'm Parker Stiles, the founder of Barrington Acquisitions. I truly hope you enjoy our real estate tips! ArchivesCategoriesLet's connect!
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