Younger Generation Putting Their Money in Real Estate | Mortgage ...

Young Buyers Taking Stock in Real Estate by Steve Viuker

Younger people are looking to real estate to park their money; not the stock market. And many; aided by their baby-boomer parents, are purchasing in the high-end segment.

The Wall Street Journal pointed to a study of the wealthiest 10% of Americans conducted by American Express Publishing and the Harrison Group. The study also shows 24% of millennials have grown up wealthy, compared to 7% of baby boomers and 9% of Gen X Americans. And a new report issued by the National Association of Realtors shows millennials compose the second-largest group of recent home buyers, with 28%. The older Gen X segment ranks first.

The Harrison report also said the wealthiest 10% of millennials will account for one fifth of all dollars spent on primary-home purchases over the next three years. Jim Taylor, vice chairman of the Harrison Group and an author of the study said, ??For the first time since the pre-Depression, Gatsby era, we have a generation of kids whose parents made a great deal of money and are giving a great deal of it to their children,? says Prior to this, very few families had money through inheritance. There is a living wealth transfer currently taking place that this country hasn?t seen in decades.?

And the NAR report showed least 80 percent of buyers who are aged 57 and younger bought a detached single-family home, while buyers over the age of 57 to purchase townhouses and condos.

Other findings of the reported stated:

Among all generations of home buyers the first step in the home buying process is looking online for properties for sale.

Older buyers are less likely to finance their home purchase in comparison to younger buyers; when they do finance, the share of the home they financed is typically smaller.

Among the generations, Gen X is the largest group who are recent home sellers followed by both younger Baby Boomers and older Baby Boomers, the Silent Generation, and Gen Y. The G.I. Generation represented less than 1 percent of recent buyers.

?The average age of first-time buyer tends to rise as home prices rise, and fall when they decline.? As housing prices remain down from the market?s peak in many communities around the U.S., homes have become more affordable for younger buyers,? said Gary Malin, President of Citi Habitats, a New York-based real estate firm.

?Here in New York, we are seeing a lot of young first-time buyers, even though our market has largely recovered.? ?The rents in our city have surpassed the pre-recession highs, so despite our high prices for real estate, those who can afford to buy, are, regardless of age,? said Malin. ??Furthermore, since we are not so far removed from recent economic meltdown, many young people have taken a cautious, or even skeptical, view of investing in the stock market.? Many have seen friends and family members lose a lot of their savings in a matter of minutes.?

?While investing in the financial markets can seem abstract, owning a home is a concrete investment ? and one that serves a dual purpose,? Malin told totalmortgage.com. ??You can get a lot more enjoyment out of a home than you can with shares of a company.? I also think in uncertain economic times, people gravitate back to the basics, and nothing is a more basic investment than shelter for you and the ones you love.?

To read the NAR report:

http://www.realtor.org/sites/default/files/2013-nar-home-buyer-seller-generational-trends-2013-07-08.pdf

Source: http://www.totalmortgage.com/blog/commentary/younger-generation-putting-their-money-in-real-estate/21994

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Ramada Hotel Singapore at Zhongshan Park Staycation Review ...

The four-star Ramada Hotel Singapore and the three-star Days Hotels Singapore at Zhongshan Park are 2 of the latest Wyndham Hotel Group properties to open in the Balestier/Novena area in Singapore. These hotels offer upscale yet comfortable accommodation for both value-conscious business and leisure travellers.

Ramada started off in the United States of America as a roadside motor lodgings with hotel-like quality at near-motel rates targeted at tired travellers who needed a place off the superhighway where they could enjoy a good night?s rest. The name Ramada means ?a shady resting place? when loosely translated in Spanish. This concept of comfort, value and convenience to travellers is still offered today at the Ramada Singapore at Zhongshan Park and it similarly is a ?roadside? hotel though the road is not that of superhighway but Balestier Road and Ah Hood Road.

While not located at the Central Business District (Marina Bay area) or Orchard Road, the fact that Ramada Hotel Singapore is located along Balestier Road means that travellers can get to the city?s key attractions by bus in just 15-20 minutes e.g. Buses 130 & 131 to Little India and Bus 145 to Clarke Quay. For local Singapore residents planning a staycation at Ramada Singapore at Zhongshan Park, this is a great opportunity to check out the Balestier Heritage Trail to understand more about local heritage and the retro architecture design along Balestier Road ? great learning opportunities by both children and adults (I learned so much more about the evolution of Singapore?s architecture over the years and of course the good food places around the area ? the famous Balestier Tau Sar Piah and Bah Kut Teh!)

The room configurations at Ramada Singapore at Zhongshan Park are simple ? King or Twin Bed with City or Park view. Each room comes with a 40? LED TV (with cable channel access) and complimentary in-room Wi-Fi. You can expect in each room distinctive d?cor and refined touches designed to cater to both business and leisure travellers. The hotel provides guests with home-away-from-home. There is also a comfortable settee just by the window for you to enjoy your city/park view while chilling with a cup of tea (complimentary tea sachets provided!).

The bathroom/toilet is ?open concept? ? check out the big glass window separating the bedroom from the bathroom! Don?t worry ? you can still shower in private with the roller blind by the window! There is a standing shower and bathtub in each room ? bath amenities e.g. shampoo, body wash and conditioner are provided (in addition to shaving and dental kit) too!

The breakfast buffet spread at Ramada Singapore at Zhongshan Park (1st floor at Flavours at Zhongshan Park) was adequate with the usual full-English breakfast offerings such as bacon and scrambled eggs as well as an omelette station. You can also help yourselves to the more Asian breakfast offerings such as vegetables and fried noodles ? the self-service porridge station offers quite a number of condiments to complement your porridge. If you are looking for a light continental breakfast, pastries and croissants are available with yoghurts and fruits nearby.

If you are lazy to grab breakfast at Flavours at Zhongshan Park (totally understandable especially after a long day checking out the Balestier Heritage Trail and you just want to sleep in for your staycation ), you can also check out the around-the-clock room service. Where better to catch a view of the city skyline with in-room breakfast dining. Realistically, I want to manage your expectations here ? the views can?t beat those of Ritz Carlton but the comfort of waking up late and dining by the bed while catching our favorite episodes of CSI on TV is just shiok!

What?s really cool about Ramada Hotel Singapore is that there is an adjoining two-storey shopping centre ? Zhongsan Mall with restaurants, eateries, shops and an NTUC Finest supermarket so if you are feeling hungry during your staycation at Ramada Hotel Singapore at night (as long as its before NTUC Finest?s closing time at 11pm), you can come down to grab some cup noodles and snacks.

Situated within the central district of Novena, Ramada Hotel Singapore is a mere five minutes? complimentary shuttle service away from Novena MRT station, the Velocity and United Square shopping malls and office towers, the Novena Medical hub and the newly-opened Mount Elizabeth hospital. From Novena MRT, you will be only two MRT stations away from the famous shopping district, Orchard Road.

If you are planning to renovate your house or upgrading lightings/toilet fittings, a staycation at Ramada Hotel Singapore will be perfect as you can do a recce of all the shops offering lighting fixtures along Balestier Road and return back to your hotel room (after a long tiring hot day) to compare notes before the next round of recce or confirmation of your purchase.

Besides all the renovation stuff, Balestier Road is also known for its Bak Kut Teh (Rou Gu Cha) or Pork Rib Soup.? There are quite a number of Bak Kut Teh shops along Balestier Road including the more famous Founder?s Bak Kut Teh.? Personally, my vote goes to the Bak Kut Teh stall at Kai Juan coffeeshop.? The stall at Kai Juan operates 24 hours every day, except on Sunday when it opens till 2pm.? It has a misleading sign that says in Chinese that it?s a ?Morning business Bak Kut Teh? but actually, it has two shifts of workers.? It is located at 395 Balestier Road (junction with Prome Road and next to Boon Tong Kee ? you can order the famous Boon Tong Kee chicken rice to consume at Kai Juan coffeeshop ? they will deliver it there!).

History and culture buffs will appreciate Ramada Hotel Singapore?s location along the Balestier Heritage Trail, which offers a glimpse of Singapore?s past as well as its vibrant food and social culture.? The Sun Yet San Memorial Hall is only a 5 minute walk across Zhongshan Park and entry is free for Singaporeans!

The Orchard Road shopping belt and the Marina Bay Financial area are conveniently located just 10-15 minutes by taxi. Resorts World Sentosa, Universal Studios, and Changi international airport are also a half-hour taxi ride away.

For more info on Ramada Hotel Singapore e.g. shuttle bus schedule and reservation information, please see: http://www.ramadasingapore.com/

Address: 16, Ah Hood Road Singapore 329982
Phone: (65) 6808 6888
Fax:(65) 6808 6998
Hotel Email: reservations@ramada-dayshotelssingapore.com

Source: http://www.passportchop.com/asia/singapore/ramada-staycation-balestier-heritage/

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Ad firm Droga5 to move from midtown to Wall Street | Crain's New ...

[unable to retrieve full-text content]... Manhattan. Move is one of a growing number that feature firms fleeing midtown south, where rents have soared in. ... Daily e-newsletter featuring real estate breaking news, deals, executive moves and events. View Sample ...

Source: http://www.crainsnewyork.com/article/20130725/REAL_ESTATE/130729924

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Refreshed Nexus 10 Said to Arrive ?In the Near Future?

While speaking with journalists after last night?s three-pronged Google Android 4.3/Nexus 7/Chromecast spectacular, the company?s Sundar Pichai reportedly told people that Samsung?s preparing an updated Nexus 10 to sit alongside the new Asus-made Nexus 7.

Read more...

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/9DvgpSlaX_0/refreshed-nexus-10-said-to-arrive-in-the-near-future-907554798

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Women's height linked to cancer risk, study finds

[unable to retrieve full-text content]The taller a postmenopausal woman is, the greater her risk for developing cancer, according to a new study.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/BBfs152UPLQ/130725141521.htm

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'Blackfish' doc looks at SeaWorld's captive whales

LOS ANGELES (AP) ? What the Oscar-winning 2009 documentary "The Cove" did for dolphin slaughter in Japan, "Blackfish" may do for killer whales living in captivity while performing at marine parks.

"Blackfish," explores what may have caused Tilikum, a 12,000-pound orca, to kill three people, including veteran SeaWorld trainer Dawn Brancheau in 2010.

News of Brancheau's death during a show at SeaWorld in Orlando inspired director Gabriela Cowperthwaite to explore what happened. SeaWorld first claimed that the trainer had slipped and fallen; later, it said Tilikum had been spooked by Brancheau's ponytail.

The director, who has made documentaries for ESPN, National Geographic, Animal Planet, and the Discovery and History channels, said it took two years to make the film. She procured footage from local and national newscasts, people's personal archives, and through the Freedom of Information Act.

"It was just perseverance when it came to getting footage," she said in an interview. "I couldn't believe what I was seeing. Once you see that, you can't unsee it. In my mind that gave me my directive. Now that I know the truth, I have to tell the truth. I didn't imagine that I was going to be making this film. I thought I was gonna be making a completely different film about relationships with our animal counterparts. So it was really learning through interviews and stuff and seeing footage."

Key footage became public after the Occupational Safety and Health Administration took SeaWorld to court and the images became exhibits in the case, she said.

She recruited animal-behavior experts, marine park patrons who witnessed whale attacks during performances and former SeaWorld trainers willing to go on the record.

"Personally, I started learning stuff about the animals I didn't know, and I was working there," said former SeaWorld orca trainer Samantha Berg.

Tilikum, born in the wild near Iceland in 1983, was captured and sent to a marine park near Vancouver before he was sold to SeaWorld in Orlando. The film shows divers trapping and kidnapping baby whales for shipment to theme parks while their mothers watched and screeched in agony.

The director says she sought comment from SeaWorld, which owns parks in Orlando, San Diego, and San Antonio. But the company declined to appear in "Blackfish."

Another former SeaWorld orca trainer, Carol Ray, said whale watching is a wonderful way to see these majestic animals up close.

"If you could afford to take a family of four to a SeaWorld Park somewhere around the country, then you can also take your family to a place where you can watch the whales from the shore," Ray said. "Those are great opportunities for seeing them where they're supposed to be... When I have friends that come to me and say things like, 'Yeah I really want my kids to see them up close,' (I say), 'You know your kids love dinosaurs right? They do. They are fascinated by them. They have never seen a dinosaur have they?'"

"Blackfish" opens in Los Angeles and New York on Friday.

Source: http://news.yahoo.com/blackfish-doc-looks-seaworlds-captive-whales-132623991.html

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Graduation celebrations begin for nearly 1,000 college students

Graduation celebrations begin for nearly 1,000 Waltham Forest College students

4:41pm Wednesday 24th July 2013 in News By Zachary Norman, Reporter

Students graduated from courses in BTEC Diplomas, Higher National Diplomas, Higher National Certificates, English as a Second Language and Access to University courses.

Nearly 1,000 students from Waltham Forest College celebrated graduation last week.

Gathering in Walthamstow Assembly Hall for a ceremony, students were recognised for successfully completing studies in subjects ranging from BTEC diplomas to Access to University courses.

One student, Adedayo Onabadejo, who gained distinctions in his Access to Computing and IT course will now move on to study for a BSc honours degree in Computer Science at Queen Mary, University of London.

He said: ?I am really happy to have secured my place at such a good university.

?I worked really hard and my teachers really helped me a lot.?

Chair of the College Corporation David Pendle said to the students: ?You should regard today as the beginning of your life-long learning experience knowing that you will be developing yourselves forever.?

Robin Jones, Principal of the college, said: ?If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people.?

Source: http://www.guardian-series.co.uk/news/10569140.Graduation_celebrations_begin_for_nearly_1_000_college_students/?ref=rss

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