Tag Archives: real estate investors

The 20 Best Markets for Real Estate Investors in 2019

January 15, 2019 admin Leave a comment

A new year gives us a good reason to reflect on the passage of time, look critically at our lives and take note of our successes and failures, and set personal and professional goals. For real estate investors, it’s a time to begin placing new bets.

A recent Forbes article highlighted the best markets for real estate investors in 2019. Here’s what you need to know.

Secondary Cities Lead the Pack

Real estate investment is about getting in at the bottom of the wave, not the crest. Buying in a fully matured real estate market is a good recipe for ending up “holding the bag.”

That’s why smart money isn’t flowing into cities like San Francisco, Seattle, Denver and Miami, where real estate prices are already sky high, but into affordable “secondary cities” like Cincinnati, Memphis, and Indianapolis, where you can find big-city amenities without big-city prices.

The top 20 best markets for real estate investors all have the following three things in common:

1. Strong Local Economy

Job growth was above the average 2018 national rate of 1.5%.

2. Housing Demand

Home prices increased between 5 and 10% in 2018 — not too much, and not too little.

3. Priced Relative to Incomes

Home prices are sustainable when compared incomes, meaning demand and supply are generally in balance. Though some markets on the list are approaching overpriced territory (Orlando, Portland, San Diego), they still have some room to run.

The 20 Best Markets for Real Estate Investors in 2019

Orlando, FL
Raleigh, NC
Jacksonville, FL
Charlotte, NC
Cleveland, OH
Silver Springs, MD
Fort Lauderdale, FL
Boston, MA
Portland, OR
Indianapolis, IN
Fort Worth, TX
Philadelphia, PA
Atlanta, GA
Memphis, TN
Kansas City, MO
San Diego, CA
Minneapolis-St.Paul, MN
Greater Washington, DC
Nashville, TN
Cincinnati, OH

To check out the complete list of cities and learn more about the formula used to rank them, read the full article here: The Best Markets For Real Estate Investments In 2019

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Real Estate, Title and Real Property

Lunar Real Estate is “for Sale” and People are Buying it

October 15, 2018 admin Leave a comment

Article II of the United Nations 1967 Outer Space Treaty, which governs the activities of states in the exploration and use of outer space, including the Moon and other celestial bodies, states that the Moon:

“…is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

In other words no country can claim ownership of the Moon. But Dennis Hope, a struggling actor who was looking for a new line of work in 1980, read that sentence a little differently.

According to Hope, the treaty does not bar individuals from claiming sovereignty over the Moon. So, he wrote a polite letter to the United Nations informing them that he owned the Moon and started selling plots of land on it.

Since 1980 he has sold over 16 billion acres of lunar real estate to over seven million individuals in 197 different countries through his company Lunar Embassy and made millions of dollars. He once sold a country-sized plot of lunar land, 2.66 million acres of lunar land, for $250,000.

He’s the first extraterrestrial real estate tycoon.

Who would buy lunar real estate? Three former Presidents of the United States (George H.W. Bush, Jimmy Carter and Ronald Reagan), current president Donald Trump, and numerous celebrities, including Tom Cruise, Tom Hanks, George Lucas (of course!) and Nicole Kidman.

Is any of this legal? He doesn’t really own the Moon, does he?

No, he doesn’t, nor does he own Pluto, which he offers in its entirety for an enticing $250,000.

Professor Anupam Chandler, a law professor at UC Davis who’s just one of many experts to weigh in on Mr. Hope’s business, says that just one of the many reasons Mr. Hope can’t protect the property rights he promises to purchasers is that there’s no governing body to grant the right to a celestial body. No recognized government does that.

Naturally, Mr. Hope fixed this problem by forming his own government in 2004 complete with a ratified constitution, a congress, a unit of currency, and even a patent office.

When China’s space program recently announced plans to send a rover to the Moon, Mr. Hope sent them a polite letter granting them permission to explore, but informed them that any permanent settlement would have to be preempted by a lease with the property owner.

They didn’t get back to him.

Take a Virtual Tour of the Moon

If you’re thinking about buying some lunar real estate of your own, why not have a look at the Moon first.

Below is a virtual tour of the Moon in all-new 4K resolution, produced with data provided by NASA’s Lunar Reconnaissance Orbiter spacecraft.

Other Extraterrestrial Land Disputes

A German man named Martin Juergens claims that the Moon has belonged to his family since 1756, when Frederick the Great presented it to his ancestor Aul Juergens as a symbolic gesture of gratitude.

In 1997, three men from Yemen sued NASA for landing on Mars without permission. They claimed that they had inherited the planet from their ancestors 3,000 years ago. Their claim was based on the mythologies of the Himyaritic and Sabaean civilizations, which existed between 2000 and 3000 B.C.

Gregory W. Nemitz sent NASA an invoice of $20 for parking a spacecraft Asteroid 433 Eros, which he claimed to have ownership of through his company Orbital Development. NASA declined to pay, citing a lack of legal standing.

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Architecture

The Vintage of the Housing Stock in the Largest U.S. Cities, Ranked

April 23, 2018 admin Leave a comment

Anyone can look up the date a city was founded. But what does that really say about the age of a city? St. Augustine, FL was founded in 1565 by Spanish explorers, but it’s housing stock — the age of its buildings — is quite young. Las Vegas, NV was founded in 1905, but only .3% of its housing stock dates from before 1940. Nationwide, much of the housing stock dates to after World War Two. Only 14% of existing residences were built before 1940. But, as you’ll see, the vintage of the housing stock depends greatly on where you are.

Vintage of Housing Stock in 10 Largest U.S. Cities

First we will take a look at the vintage of the housing stock in the 10 largest cities in the United States. Then we’ll look at the metro areas in the U.S. with the oldest housing stock. We hope you enjoy!

10. San Jose, CA

A relatively new metro area, the capital of Silicon Valley, is San Jose, CA. 6% of the housing stock in San Jose was built before 1940. 9% was built before 1950. 21% was built before 1960. The median listing price in San Jose is pricey at $750,000.

9. Dallas, TX

Also a relatively new metro area is Dallas, TX. Just 6% of the housing stock in Dallas dates from before 1940. 12% of homes were built before 1950, and 26% was built before 1960. The median listing price in Dallas is $385,000.

8. San Diego, CA

Only 7% of homes in San Diego were built before 1940. 12% of homes in San Diego were born before 1950. 25% of homes there date to before 1960. The median listing price for homes in San Diego is $649,000.

7. San Antonio, TX

Just 6% of homes built in San Antonio, TX were built before 1940. 11% were born before 1950. 22% were built before 1960. The median listing price for homes in San Antonio is just $235,000.

6. Phoenix, AZ

Phoenix is an extremely new city with just 2% of its housing stock built before 1940. 5% of homes were built before 1950, and 16% date from before 1960. The median listing price for a Phoenix home is $285,000.

5. Philadelphia, PA

An older city, the City of Brotherly Love, Philadelphia also has an older housing stock than many major cities on this list. 40% of its homes were built before 1940. 55% were built before 1950, and 72% were built before 1960. The median listing price is $165,000.

4. Houston, TX

At this point in the list, you should be noticing strong tendencies based on geographic region. Houston, TX, like the other Texas cities on this list, has a relatively new housing stock. Only 5% of its homes were built before 1940. 10% were built before 1950, and 21% were built before 1960. The median listing price is $282,000.

3. Chicago, IL

Chicago has the oldest housing stock among the top 10 metro areas, with 46% of homes in built before 1940. Just over half, 52%, were built before 1950, and 66% were built before 1960. The median listing price is $245,000.

2. Los Angeles, CA

20% of homes in the City of Angels were built before 1940. 31% were built before 1950, and just under half, 49%, were built before 1960. The median listing price is $775,000.

1. New York City, NY

42% of homes in New York City were built before 1940. Just over half of homes, 52%, were built before 1950. 66% of homes in the Big Apple were built before 1960. Pricey by most standards, the median listing price for homes in New York City is $849,000.

The Oldest Metro Areas in the U.S.

Buffalo, New York holds the title of having the oldest housing stock in the United States, among major metro areas. A whopping 63% of homes were built before 1940. 84% were built before 1960. Detroit, Michigan is the only other major U.S. city with over 80% of homes built before 1960 (81%). 57% of homes in the Motor City were built before 1950.

Other major U.S. cities with old housing stock are Cleveland (77% built before 1960), St. Louis (77% built before 1960) and Baltimore (72% built before 1960). Want to check out other cities? Here you go!

About Punctual Abstract

Punctual Abstract is your national solution with a local touch, a national title abstracting company located in Harvey, LA. Whether you need an abstractor for a certain county or region, or you’re looking for a national provider, Punctual Abstract is here to help.