There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Jay Fitzgerald via The Boston Globe
Would you invest in a 40-year-old warehouse in Avon with no control over how it’s run or when it might be sold?
Twelve investors did just that, pooling together about $250,000 to join an investment group that bought the warehouse last year for $14.3 million. Crowdfunding has mostly been associated with tech startups and inventors, who broadcast a mass appeal for donations that can range from just a few bucks to thousands of dollars. But since Congress passed the 2012 JOBS or Jumpstart Our Business Startups Act, there have been about 80 companies trying to expand the world of real estate investing.
By Robert Frank via CNBC
If you’re looking for good value for your real estate millions, you might want to avoid Monaco and head to South Africa.
The Wealth Report 2016, released Wednesday by real estate firms Knight Frank and Douglas Elliman, looked at what $1 million can buy around the world. According to the report, Monaco remained the world’s most expensive residential real estate market on a square-meter basis, with $1 million buying only 17 square meters, or 183 square feet. That means for $1 million you can get a 12-by-15-foot room, likely overlooking a water-treatment plant the rather than the marina.
By John M. Griffin via Forbes
A large body of finance literature evaluates mutual and hedge fund managers relative to their peers. Certain investors, like Warren Buffett, stand out as having produced outstanding returns over long periods, and they are judged winners, who have superior skill.
Those who don’t measure up are politely called underperformers. In this short essay, I will try to evaluate the investment return of Donald Trump by the same standards. I will do so in an academic manner, relying only on substantiated facts. The calculation requires just a few pieces of information: (1) starting and ending wealth, (2) the investment asset class, and (3) the benchmark returns for that asset class.
By Vera Haller via The New York Times
Rebecca Faye, 42, moved to Ridgewood, Queens, seven years ago from Williamsburg, Brooklyn, where she owns a hair salon, the Hello Beautiful Salon. In her nine years as a resident of Williamsburg, she had to move three times when her landlords sold the buildings she was living in, she said. “It got so busy and crazy with everyone buying everyone else out, I just decided to go.”
Ridgewood does not have as much “hustle and bustle as Williamsburg,” she said. “It’s a little bit more homey.”
“I like the convenience, the train, the grocery stores,” added Ms. Faye, who also noted that more galleries and cafes had opened in Ridgewood since she moved there. She lives in a three-bedroom duplex with her 11-year-old daughter, paying $2,400 a month in rent. The location is central for both of them: a short drive both to her salon in Williamsburg and to her daughter’s school in Forest Hills, Queens.
By Konrad Putzier via The Real Deal
Abu Dhabi, Qatar, Japan.. The countries that poured big money into Manhattan commercial real estate in 2015.
Abu Dhabi: Like other oil-rich countries, Abu Dhabi’s investment in New York mostly runs through its sovereign wealth fund. Foreign investors spent $1.16 billion here last year. But early last month, Reuters reported that the Abu Dhabi fund may transfer billions from its sovereign wealth fund into the government treasury. The fund’s head of U.S. real estate investment dismissed the suggestion that investment could dry up, but cryptically alluded to “anxiety” within the fund about the state of the market.
Did you like these articles? What were your favorite articles this week?