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Michael_Novakhov shared this story from  The News And Times.
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Category: Michael Novakhov – SharedNewsLinks℠
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Michael_Novakhov shared this story from The News And Times.
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Trump Investigations | News | Videos – 5:34 AM 10/31/2020
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» Donald Trump: Colbert Thinks This Trump Rant Perfectly Illustrates How Fast COVID-19 Is Spreading
31/10/20 05:10 from Trump Investigations from Michael_Novakhov (32 sites)
“The Late Show” host picked out one particular rally moment to make his case. Donald Trump
» “Trump and Trumpism” – Google News: The Trauma of Trump’s Presidency Will Haunt Us – The Nation
31/10/20 05:06 from Trump Investigations from Michael_Novakhov (32 sites)
The Trauma of Trump’s Presidency Will Haunt Us The Nation “Trump and Trumpism” – Google News
» Voice of America – English: VOA Newscasts
31/10/20 05:00 from Trump Investigations from Michael_Novakhov (32 sites)
Voice of America – English
» Donald Trump: Samantha Bee Hits Donald Trump With A 22-Minute Montage Of Her Most Brutal Takedowns
31/10/20 04:
34 from Trump Investigations from Michael_Novakhov (32 sites)
“We’re hoping we never have to update it after Nov. 3.” Donald Trump
» 1. Trump from Michael_Novakhov (197 sites): “former FBI agents power influence” – Google News: Tanzania, once envy of the region, watches democracy slide – Federal News Network
31/10/20 04:02 from Trump Investigations from Michael_Novakhov (32 sites)
Tanzania, once envy of the region, watches democracy slide Federal News Network “former FBI agents power influence” – Google News 1. Trump from Michael_Novakhov (197 sites)
» Trumpism And Trump – trumpismandtrump.com: 1. Trump from Michael_Novakhov (197 sites): “former FBI agents power influence” – Google News: Tanzania, once envy of the region, watches democracy slide – Federal News Network
31/10/20 04:02 from Trump Investigations from Michael_Novakhov (32 sites)
Tanzania, once envy of the region, watches democracy slide Federal News Network “former FBI agents power influence” – Google News 1. Trump from Michael_Novakhov (197 sites) The post 1. Trump from Michael_Novakhov (19…
» 1. Trump from Michael_Novakhov (197 sites): “trump electorate” – Google News: Explore The Ways Trump Or Biden Could Win The Election – FiveThirtyEight
31/10/20 04:01 from Trump Investigations from Michael_Novakhov (32 sites)
Explore The Ways Trump Or Biden Could Win The Election FiveThirtyEight “trump electorate” – Google News 1. Trump from Michael_Novakhov (197 sites)
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Michael_Novakhov shared this story from  BARNES New York.
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Over the past several weeks, the world as we know it has changed profoundly. The Covid-19 pandemic has impacted our society and caused a crisis of rare magnitude. As the months went by, countries became confined and the economy came to a virtual standstill. In the United States, particularly in New York State, containment became mandatory and quickly had many repercussions on the New York real estate market.
Offering new solutions to support customers
Very quickly, it was necessary to adapt to the strict confinement instructions, especially with the “stay at home” imposed by the Governor. Although real estate is considered an essential sector, physical visits are no longer allowed. However, some people have to move in or out; many tenants are at the end of their lease, families have to settle in the coming months, employees are in the process of being transferred, … Thanks to digital tools such as “virtual showing”, 3D plans, video and virtual conferences, BARNES New York, like its New York counterparts, has quickly adapted its processes in order to be able to best accompany its customers in the accomplishment of their real estate needs or projects.
A general halt to construction in progress
Despite a grace period that lasted only a few more weeks, the State of New York has ordered a halt to real estate construction, with the exception of a few strategic projects (infrastructure, social housing, etc.). As a result, the delivery of dozens of new programs, for which the keys were scheduled to be handed over in the second and third quarters of 2020, has been postponed by the same amount. It is still too early to judge the impact on those with later delivery dates, as it could be that “continuous” construction permits will be issued later on to make up for the delays.
For many projects, whose financing structures are highly dependent on delivery times, there have recently been communications aimed at attracting even more buyers, despite this period that might be thought to be calmer. The promoters are offering various offers and discounts, both on tender prices and on acquisition and operating costs, for any new contracts awarded during this difficult period, in order to offset this notorious drop in activity and compensate for the delivery delays already anticipated.
A crisis that generates opportunities for buyers
In line with this rarely conciliatory offer of New York’s new housing programs, and in a context, already before the crisis, favorable to buyers, the impact of the pandemic on New York real estate prices is beginning to be felt, and could be amplified in the coming weeks. And this will continue until the situation is normalised, with reassuring prospects for the medium term.
Historically reluctant to trade, since mid-2019 the New York market has offered trading margins close to 5% in places, due to massive inventory. In recent weeks, we have been seeing transactions with trading above 5%, reaching as high as 10% on some products and even higher.
Luxury real estate as a safe haven
While the constant, and recently exacerbated, fluctuations in the stock markets have once again demonstrated the structural inconsistency of such investments, the real estate market continues to show a certain robustness tending to reassure the medium- to long-term investor. The US economy, the strength of the dollar, and the rare robustness of the New York market in particular, make luxury real estate investment a singularly attractive safe haven. Historically showing an annual appreciation of 3%, a one-off slowdown is certainly expected, but it is not expected to last more than two or three quarters, with a resumption of growth in value terms by the end of the year.
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Michael_Novakhov shared this story from  ZeroHedge News.
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Covid’s effect on cities is starting to hit the price of rentals – and it’s not just in the United States.
Apartment prices in some of the richest cities in the world are starting to show the effects of an exodus out of crowded city areas in order to move to more spacious suburbs. A slowing ebb and flow of international students, combined with a younger generation growing disinterested in paying city-price premiums, are both helping the demand side of the rental equation dry up.
Tim Lawless, Asia Pacific head of research for data provider CoreLogic Inc., told Bloomberg: “You’re daft if you aren’t negotiating lower rent right now. Supply is high and occupancy has fallen off a cliff.”’
Renters across the country and renegotiating with their landlords. For example, Christine Chung just negotiated a 9% reduction in rent for the house she lives in in Sydney, Australia.
She told Bloomberg: “I’ll push for another rent reduction at the end of the lease. The market has changed.”
In New York, Manhattan apartments are the “cheapest they’ve been since 2013”.
The number of listings in the city have tripled from a year ago and the city’s median rent has fallen 11%. Studio rents have plunged even further, disproportionately.
In San Francisco, the median monthly rent for a studio fell 31% in September from a year prior, to $2,285. This far outpaced the national average of a 0.5% drop.
Rents have also plunged in Toronto, down 14.5% in Q3 compared to the year prior. Properties are staying on the market longer, as well. The average time for a property to stay on the market has risen to 26 days in August versus 14 days a year prior.
Toronto also has a significant amount of new property supply hitting the market, as Airbnb operators move to longer term leases and new apartment projects are completed.
Some sellers are “dumping units below market value” in anticipation of prices falling further, Bloomberg notes. An economist at Canada’s national housing agency said: “The overall housing system seems to be dividing in two. This is where risks start to appear.”
London is a city feeling the brunt of slowing international students and executives traveling. Rents in the city’s priciest areas are down 8.1% year-to-date through September.
7 out of 10 respondents to a recent survey in London say they expect prices to continue to fall over the next three months. London West End appraiser Mark Wilson said: “Applicants are noticeably fewer. Rents are still a one-way bet in our view, and it’s south.”
Singapore has also seen a drop in rental volumes as a result of a drop in expats in Asia. Rental volumes of private units were down 8% from a year prior and rents are 17% below their 2013 peak. Despite the country being in the midst of a recession, home sales (indicating a desire to move out of the city) are at the highest level in more than 2 years.
As mentioned above, Sydney is experiencing record high vacancy rates, which spiked to 16% in May. These rates have stabilized to about 13% now, as compared to the 5% pre-pandemic. Sydney also suffers from a lack of international student travel.
Despite the dip now, experts predict cities will eventually once again become hot spots. Christian A. Nygaard, a researcher in social economics at Swinburne University of Technology, concluded: “History tells us cities can be remarkably resilient. Covid doesn’t evaporate all the investment that has gone into the central parts of our cities.”
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Michael_Novakhov shared this story from The News And Times.
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Michael_Novakhov shared this story from The News And Times.
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Current News – 10:05 AM 10/30/2020
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Michael_Novakhov shared this story from  Politics, Policy, Political News Top Stories.
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Michael_Novakhov shared this story from  The Brooklyn Bridge.
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Michael_Novakhov shared this story from The News And Times.
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Is the Nice terror attack linked to Turkish gov’t incitement? – [NO!]analysis – The Jerusalem Post. Or to the Mossad Strategic Plans: to whip up Anti-Islamic hysteria and fears, to help Trump, and to repatriate those stupid but rich French Jews? – M.N. | 8:55 AM 10/29/2020 – Tweets
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Michael_Novakhov shared this story from The News And Times.
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Current News – 4:03 AM 10/29/2020
Mike Nova’s articles on Inoreader | On RSS Dog | Headlines | In Brief | In 250 Posts on RSS Dog _____________________________________________
