The independent mortgage broker industry in Australia is still young and should prosper again after the credit crunch. The profession still isnt accredited under a government program but it will be soon. Once the regulation is brought in similar regulation to the UK the industry will once again experience good times.
Mortgage Brokers in the USA
The USA has clearly bee hit hardest by the Global Financial Crisis. Entire communities have abandoned their houses in areas that were once mortgaged to the eyeballs. Rather than going through the stress of repossession, home owners who could no longer afford their monthly mortgage payments simply walked away from their properties, leaving them empty. Lenders would then be forced to repossess the derelict houses.
When entire neighbourhoods abandoned their homes the entire areas became worthless. This has left modern day ghost towns where thriving communities once stood. It is an event that has never happened before and can be squarely blamed on the credit crunch.
Before the credit crunch, mortgage brokers in the US were raking it in. Brokers were closing millions of home loans each year and enjoyed a large portion of the total number of loans approved nationwide. Surprisingly, given the magnitude of the intermediary industry and the importance of mortgage products to home owners, there was little regulation of the broking profession. Any regulation that did exist only covered certain areas as the regulatory model was state driven rather than federal.
It seemed as though the profession didnt need regulating, however, as the property market was booming. There is little point fixing something that isnt broken, so nobody did. What is apparent now with the benefit of hindsight is that the industry was actually broken and did need fixing.
Since the onset of the credit crunch many brokers in the US have been removed from the industry or put in jail. Massive frauds have been uncovered in the wake of the first wave of the credit crunch and it appears that some individual brokers have defrauded lenders and investors out of millions of dollars.
In addition to these headline-grabbing problems many brokers also face a new reality in which there are fewer products to sell to clients and therefore fewer deals being closed. This has led to many more brokers going out of business as their incomes dried up.
Those who have remained in the profession are struggling along, closing enough sales to stay afloat, and awaiting a time when the credit market will flow freely once again. But the average mortgage broker who has remained in business is not making anywhere near as much money as they made in boom times.
People are wiling to try all sorts of things if they think that it may help them to win the lottery and one lady has suggested that practising the ancient art of feng shui can help.
Eileen Chen who has been a practioner and a fan of of feng shui for over 10 years claims if that applying the same principles can improve ones chances of a lottery win. She began to read up on Bazi which is an ancient form of divination based on birth date and time. She says it can have an effect on a persons luck and character. She believes a combination of Bazi and Feng shui is good.
Mrs Chen was speaking to the Star Online about applying these principles when setting up a new home and applied it to decor, furnishings and layout. and believes it has great impact on her mood, well being, finances and energy and also
Lotto fans may feel like trying anything if it will raise their chances of a big win playing something like Italian SuperEnalotto – and one person has claimed the ancient art of feng shui can help.
Eileen Chen says:-
-If there is no indication in a person’s Bazi that he will strike a lottery and become rich, no amount of feng shui and renovation to the house will make him strike the lottery.
However, the chances of a person who has an indication of wealth in his Bazi to get a windfall is higher when the right time comes if his house feng shui is good,-
Perhaps this is something that could work for us.
Alternative we may just like to continue with our existing ways of seeking that lottery win.
Whatever you do, best of luck and have fun.
Tony Bayliss How to inprove your chances of a lottery win
Shingle style architecture is an innovative form of Queen Anne and it was originated in America during the last two decades of 19th century.This name was given by Vincent Scully, a historian of building architecture.Among the various structures in America that are constructed in this style, The Hotel del Coronado in San Diego is considered as the biggest.The houses that are built in this style are horizontal structures built up on a stone laid foundation.The asymmetrical designs and irregular construction make the building process highly complicated and as a result the cost of construction was far beyond the affordable range for common people.Thus it was considered as a luxury homes design. The roofs are more complex in this type of architecture. Many of such houses have gabled roofs with a tower in the front. A few houses have roofs that are hipped. In the gambrel form of roofs, the third storey of the building will be hidden in the roof so that the building will appear as a two storeyed building. The roof shingles and wall shingles will be in different colors. Most of the houses have towers and if a building is without tower, a part of its wall will be bulged out.
This type of architecture has the provision for more numbers of big and small windows. The windows are mostly double-hung with a single sash below and multiple sashes above. For huge walls, the windows will be in 2, 3 or more rows and there are various designs for the windows. In the most complex designs, large windows are kept in bays with 1, 2 or 3 stories. The more stylish windows will be in square, rectangular or circular shapes.Entrance with spacious porch is characteristic of this architecture.People used to relax in the porches which are supported by balusters, columns or stone supports.
The modern houses that are built in Shingle style architecture offer a host of distinctive features including natural surroundings, energy efficiency and healthy indoor atmosphere. These houses demonstrate how wood, stone and sunlight can be utilized to provide a healthy shelter.There are many holiday homes that are built in this style of architecture. Many wealthy people have constructed this type of homes at famous resorts and also at sea-side plots. Natural colors, exterior covered by wooden shingles and an asymmetric structure are the basic features of this architectural form. The other common features are big porches, irregular roofs, towers, verandas, asymmetric floors, chimneys, huge staircases and fireplaces etc.
Are you looking for Shingle style architects and luxury vacation homes, vanbrouck is the best choice. It is highly recommended from both a design and value standpoint when we were looking to home designs and build our dream home. For more information about Shingle style architecture please visit us.
Condominium living is an alternative way of life for people who want their own place. Condominium units are quite popular among small families and single professionals. These units present an unusual lifestyle for people. For one thing, it is less expensive than purchasing real estate and building a house from scratch. There are also some things that a normal house can’t offer like twenty four hour security, guarded parking, clubhouses, swimming pools and the like.
There are several types of condominiums out there. Each is different and satisfies different needs and wants. There are condominium townhouses and condominium apartments which have small differences aside from the ownership regulations and structure. There are also those called freehold townhouses which have slight variations from the others. Whichever type a condominium may be, do not forget that the common factor is that they are very different from a normal house, which most people may be used to.
There is a certain dual nature comes with owning a condominium unit. Although the owners have prime ownership of their personal units, the common areas are a shared responsibility. These common areas are the lobby, the stairwell, the elevators, the parking lot and the different amenities of the condominium complex. Of course, with shared responsibility come rules and regulations.
Living in panama condos may seem difficult to imagine if you’re not used to it but choosing to live in one does have its advantages.First, it’s generally cheaper than a house. There are also amenities that do not usually come with a house like a pool, hot tub, gym and the like. You also become part of a community in which you become an important part of in decision making.
Of course, there are restrictions to living in panama apartments and condos like pets and barbecues. There are also rules that have to be followed unlike in a normal house. In settings like these, neighbors are just a wall apart and their rights must be respected too.
Although not as traditional as normal houses, condominiums can also be called panama homes. You just have to get used to the living conditions and you wouldn’t even feel that restricted.
The Real Estate Business cycle and financial stability are closely correlated. In light of global real estate bubbles, China’s real estate cycle has attracted wide attention since 1998. The present paper analyzes three driving factors in the context of the current real estate cycle namely, economic growth, macroeconomic environment and institutional establishment. Based on quantitative analysis, it is concluded that the implications of the current real estate cycle for financial stability include risks of real estate credit exposure, government guarantees and maturity mismatch. Some corresponding policy implications are discussed, such as advancing banking reform, encouraging the rational behavior of local governments and strengthening the regulation of foreign capital flows in and out of China’s real estate industry.
That’s the gist of a local government initiative to revive real estate investment in Chongqing, one of China’s biggest cities. The municipal government in the southwestern metropolis floated a plan in December that said new mortgage holders would be eligible for a refund on a big chunk of their income taxes.
Reviving real estate could be an important part of spurring on China’s slowing economy. With widespread homeownership in China, real estate values are a key measure of consumer spending power. And the property sector is among the leading sources of demand for everything from steel to appliances.
We Provide Comprehensive China Real Estate Related Services. As an international law firm, we offer clients advisory and transactional services in connection with all aspects of real estate matters in China including the acquisition, development, construction, financing, ownership, leasing and operation of real estate assets and companies.
Expat Apartments: These range from luxurious to nice and from downtown to Pudong, with prices varying accordingly.
Living with the Chinese: This is the cheapest way to go, and more and more foreigners are turning to this option. Many real estate agents are now able to provide an interpreter, though if language is a problem, you might want to bring a long a Chinese speaking friend. For more details
KTAM Aims to Become Thailand’s Leading Property Fund,Increasing Assets Under Management to 11.3 Billion
The Bangkok Post reported on Thursday, 22 February that real estate investment in Thailand soared by 81.8 percent to $2 billion (1.3 billion)in 2012, nearly double the $1.1 billion (720 million) in 2011, as property funds markedly increased their investment activity.
According to property consultant DTZ, Thailand’s real estate market was boosted by the listing of major property funds and a high number of acquisitions, particularly in the office and hotel sectors. Some $1.1 billion (720 million), or 55 percent of total real estate investment, came from transactions by real estate funds or public funds for public offerings (PFPOs).
Investment activity received a major boost from the listing of Tesco Lotus Retail Growth Freehold and Leasehold (TLGF) in the beginning of January 2012, which proved to bethe largest property fund listing for the year. The $594-million (389 million) fund purchased 17 Tesco Lotus shopping malls in prime locations across Thailand in a deal which by itself exceeded half of the real estate investments in the country in 2011.
Other notable property fund investments in 2012 included the purchase during the first quarter of three serviced apartment complexesand residences for $106 million (69 million) by the listed Land and Houses Freehold and Leasehold Property Fund (LHPF). Additionally, the Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) bought three Centre Point serviced apartments in the third quarter, for some $107 million (70 million).
KTAM Eyes Real Estate Market
Krung Thai Asset Management (KTAM) has the ambition to lead the market in property funds and,more specifically, to increase its assets under management by 20 percent in 2013 to 516 billion baht (11.3 billion), said chief executive officer Somchai Boonnamsiri, citing the positive overall investment climate.
The Bangkok Post reports that Thai billionaire Charoen Sirivadhanabhakdi plans to raise funds through the funds managed by KTAM, with the subsequent capital increase being dedicated to turning KTAM into the global leader of this type of fund.
KTAM is considering entering new markets including Mexico, Brazil and some European countries. Annualised return for short-term investments in these regions is forecast at 3.5 percent or about one percent higher than returns in the Thai domestic market.
The Thai fund intends to boost the capital of property funds under the direction Sirivadhanabhakdi’s TCC group to as high as 50 billion baht (1.1 billion) this year. The fund also plans to launch ETFs on the Stock Exchange of Thailand in sectors such as food, energy, ICT and the commercial sector.
2013 will be the last year in which Thailand’s Securities and Exchange Commission will allow investments in what has been known as property type 1, with introduction a new type of property fund, the internationally recognised real estate investment trust, set to replace the old structure.
The very first step to become an iPhone application developer you buy or have a Mac as without it it will not be easy to code apps for iPhone. It is not necessary you only own the top model, but you can buy anyone in your range. Any Mac which is capable of affording maneuverability for developer will suit. If yours is the tight budget, buying Mac Minis is good choice. It is portable and can be taken anywhere. The next step is to own the SDK (software development kit) for coding iOS apps. Apple provides SDK that developers can use in the iPhone app development process. The SDK includes stuffs like Xcode and simulator that are required in testing of tapp. Other things include performance analyzers, template interface builders and reference library. There are also plenty of documentations with the SDK. Third thing you will need to become an iPhone developer is you learn Objective C. As an extension of C with OOP principles, Objective C is the primary programming language to code apps for iPhone and other iOS devices. If you already have some programming experience, learning Objective C is going to be quite easy. Note – The official Apple Software Development Kit offers complete details and documentations on anything related to iPhone app development.
After that comes the starting out with development. It is the fourth step. Make the project plan and start coding the application with using objective C. If you are already a Java programmer, you can adjust and practice your programming skills to get the project done. You can also easily make several types of modification if you have already concluded a project. The SDK has a number of sample projects which can be used in the development of iPhone apps. You can start with these sample projects and just reveres engineer them to make your own apps. Also new features and functions can also be added to create new apps.
The fifth step is to become a real developer by signing up to iPhone Developer site at $99. With signing up to this, you agree all the terms and conditions of Apple for iPhone application development. It depends on the time you have to contribute to your project or the type of application you want to build but, an iPhone application development project aimed at game may take about two months to get done.
Once you complete the project, it’s time to submit it to iTunes and wait for approval. Apple general takes 1-2 weeks in approving application for iPhone and other iOS powered devices.
Shubhangi Verma- working as professional technical content writer- For more information about iPhone apps development kindly visit our official website www.rapidsofttechnologies.com . For any queries call +1 516 515 9871 or email us at
Most people don’t usually consider Cebu condominium rentals as an option for their holiday in the Queen City of the South. This is due to two reasons. First, travelers think that they cannot rent a unit for short vacations that range from an overnight stopover to a few weeks. They often assume that they need to stay in a condominium for one month or more and have to deal with signing contracts plus other paperwork.
Second, travelers also think that staying in one will cost them more than staying at a hotel. After all, most condominium units in the city come with various amenities that are not offered in the average guestroom. One good example is a fully equipped kitchenette plus dining area. That’s something usually found only in high-end suites and not the bed-and-bathroom affairs that most hotel accommodations are.
But these 2 reasons aren’t entirely true, as proven by a stay at City Suites Ramos Tower, a condotel in Cebu for rent. As the name condotel implies, it offers the ease and comfort of both a hotel and a condominium. And all of these are available at competitive rates.
For starters, City Suites offers amenities that are just usually found inside condos in Cebu, such as a kitchenette and dining area in each accommodation. These are then paired with hotel-standard services, such as laundry and ironing or room service. With these conveniences on offer, guests will feel at home during their stay without having to deal with the mundane details of urban life.
City Suites also offers nightly rates like most hotels in the area. Here, a Deluxe Room is available for only PHP2,520 per night, breakfast included. And it even has promos such as the Bed Weather Special available up to December 15, 2013 on its homepage. This room-only deal applies a 21% discount on regular rates, bringing the price down for a Deluxe Room to only PHP2,000 per night. That’s certainly far cheaper than a stay in an average city hotel would cost and yet with more amenities available for each guest.
And that’s on top of the condotel’s accessible location on F. Ramos Street. This area is right in the heart of Cebu City, close to Fuente Osmena and only 30 minutes from the Mactan-Cebu International Airport.
With all these on offer at great rates, coupled with promos such as the Bed Weather Special, it’s certainly one of the best value-for-money accommodation options in the city. And that’s why, when travelers are looking for a place to stay, they shouldn’t just choose any one of the Cebu condominium rentals available. They should go for City Suites Ramos Tower.
Estate agents and property developers have sold, leased or rented properties to customers in the same traditional method for quite some time. Small photographs in the property section of newspapers and specialist magazines, 2 or 3 photographs on a company website and feature displays in their office windows.
However in the USA, Canada and Asia real estate sellers have embraced the power of video to advertise commercial and residential property to a global audience. With 80% or buyers starting their search for property online using the internet, it’s a logical step to take.
Property videos can be viewed by potential customers where ever they are in the world, 24/7 365 days a year. Instead of the usual 2 or 3 photographs, a slideshow video can incorporate 20 to 30 photos and those with a bigger budget can have their property professionally filmed. A property filmed from the customer’s point of view (POV) allows the buyer from the comfort of their home or office to have a virtual tour of the property and surrounding area as if they were there.
Titles and banners can incorporate more information about the property, music, voice-over or narration and even presenters can add that extra professional touch to engage the buyer to sell them their perfect property.
Property videos are the essential first viewing. They save the estate agent, property developer and buyer time and money from wasted viewings.
Property Videos can be embedded onto the estate agents website or uploaded on to popular video hosting websites such as Youtube and many more. The URL links can also be emailed to clients to view at their leisure.
So imagine a buyer is in New York, Dubai or Hong Kong. They can view a number of property videos from their desktop or mobile phone before they fly to London knowing that what they’ve seen online has given them a fuller picture of their investment and are ready to buy their new home in the UK’s capital.
Are you relocating to the Bangalore city and trying to find residential and commercial properties for rent? That’s good news because Bangalore is a wonderful city covered with plenty of green, has a great climate and offers a great diversity. Well, you can definitely manage to get a residential property for rent within your budget limits in Bangalore. The rental charges vary depending upon the locality where you want to rent a residential property, like in any other city.
But, there is only one hitch in taking a residential property for rent in bangalore. That is we must pay an advance rent of 10 months as a refundable deposit that carries no interest. It’s not really like that in the other cities like Hyderabad etc. This rule would be a minimal requirement when you want to find a commercial property for rent in bangalore . The rental agreement on a stamp paper agreed and signed by both the parties, is must even when renting a residential property and no need to mention when you rent a commercial property.
The rental charges for commercial properties mostly depend on the type of business activity rather than just the area of the property to be rented out. The other charges for water supply and maintenance are additional for both residential and commercial properties. The property owners usually get the initial rental agreement done for a minimum period of 1 year in both the cases.
You can find all kinds of office or residential space like high rise apartments, multistoried buildings or even individual houses in almost all the areas of Bangalore. There are plenty of ad magazines and online websites which publish the details of property listings directly given by the owners. So, you can easily manage to find a suitable residential or commercial property on your own saving that extra cost of engaging any individual middlemen. Happy renting!