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:
In the last several weeks traders of OPTIONS contracts have been able to reap the rewards of between 10 to 30 times their investments in a matter of days. This is not a get rich quick scheme, but financial remuneration because of the allocation of capital in certain Call Options. While there may have been numerous examples of such a dramatic growth in wealth due to market timing and circumstances, the two examples that are obvious are Call Options associated with LinkedIn Stock, which due to an extraordinary move, appreciated 3000% after Microsoft’s announcement of a take-over.
Sporting a Nehru jacket and addressing an audience that included Indian Prime Minister Narendra Modi, Adam Neumann made it clear he didn’t want his company to be thought of as a number. Even if that number was $16 billion. “For such a spiritual country, I’m surprised from the amount of talk I heard about valuation, and raising money, and bubbles, and building big companies — that is not the goal,” Neumann, the co-founder and CEO of WeWork, said in January at the launch of the Startup India initiative in New Delhi. “The goal is finding something you truly love. Make sure it has intention behind it. Make sure it’s going to make the world a better place. Put those two things together, and I swear to you, success will follow, the money will follow and you will change the world.”
THE sculptor Richard Serra, a stickler about the differences between art and architecture, once described most public sculpture in urban architectural settings as “displaced, homeless, overblown objects that say, ‘We represent modern art.’ ” For most of the last century, residential and commercial developments in New York City tended to marry architecture and art with that kind of ambivalence, if they married them at all: lobbies with a few pretty, unremarkable paintings; courtyards with pleasant design pieces or plop art by sculptors whose work rarely showed up in the museums around town.
By Lorraine Woellert via Forbes
Foreign buyers retreated from the U.S. real estate market last year as a strong dollar, rising home prices and slowing overseas economies crimped buying power. Investors in particular poured dramatically less money into U.S. rental and vacation properties, according to a survey from the National Association of Realtors, slashing their spending by $10 billion to only $35 billion, a three-year low.
A block south of Central Park in Manhattan, construction crews are working on the base of what is poised to be the tallest apartment building in the country and the latest condominium tower to cater to the super rich. It is also poised to be the latest skyscraper to benefit from a provision of a federal immigration program meant to aid distressed neighborhoods and rural areas, offering a striking example of what lawmakers and critics have called a widespread abuse of the program known as EB-5.
Did you like these articles? What were your favorite articles this week?