Tag Archives: Waccabuc Realtor

Is It Better to Rent or Buy? It Depends on Location and Time | Waccabuc NY Real Estate

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There are many difficult choices to make when deciding whether to rent or buy a home, but one of the most important factors is also among the easiest to determine: How long do you plan on staying in the home or neighborhood under consideration?

It has long been a rule of thumb that if you plan on staying in a home “long-term,” then you should buy instead of rent. But how long is “long-term,” really? Just how long does it take to recoup the upfront costs of buying, or to realize the savings inherent in a mortgage payment instead of a rent payment?

In some places, the answer is as short as one year – or as long as 20 years.

Zillow’s breakeven horizon incorporates all possible costs associated with buying and renting, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, insurance, taxes, utilities and maintenance costs. It helps renters or prospective buyers determine the point, in years, at which buying a home becomes more financially advantageous than renting the same home. Because neighborhood selection is such a critical part of the home shopping process, the breakeven horizon is now available at the ZIP code and neighborhood level within individual cities and towns, and can often vary widely from neighborhood to neighborhood.

Maybe you’re trying to decide whether to buy or rent in New York City. The breakeven horizon for New York City as a whole is 6.1 years. But at the neighborhood level, the breakeven horizon ranges from a low of 2.5 years in the Parkchester neighborhood in the Bronx, to a high of 11.9 years in the Carnegie Hill section of Manhattan.

Nationwide, the neighborhood with the lowest breakeven horizon is the Shelby Forest-Frayser neighborhood in Memphis, Tenn., at just one year. The neighborhood with the longest breakeven horizon is the Sandbridge area of Virginia Beach, Va., at 20.3 years.

So, if you’re thinking of moving to the Shelby Forest-Frayser part of Memphis in the next few months, and you think you’ll be there for at least a year, you should consider buying a place there instead of signing that one-year lease. And if you’re looking to find that perfect place in beautiful Sandbridge, well, you should feel comfortable signing that multi-year lease, or get ready to live there at least 20 years if you want to break even.

5 neighborhoods with shortest breakeven:

Neighborhood

City, State

Breakeven Horizon (Years)

Shelby Forest-FrayserMemphis, Tenn.

1

FairhillPhiladelphia, Pa.

1

La GrangeToledo, Ohio

1

CorlettCleveland, Ohio

1

Sulphur SpringsTampa, Fla.

1

5 neighborhoods with longest breakeven:

Neighborhood

City, State

Breakeven Horizon (Years)

SandbridgeVirginia Beach, Va.

20.3

College HillProvidence, RI

13.3

WiltonRichmond, Va.

13

Arts DistrictDallas, Texas

12.3

Windsor FarmsRichmond, Va.

12.3

 

http://www.zillowblog.com/2013-05-16

North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries | Waccabuc Real Estate

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The trophy high-rises on Madison, Park and Fifth Avenues in Manhattan have long commanded the top prices in the country for commercial real estate, with yearly leases approaching $150 a square foot. So it is quite a Gotham-size comedown that businesses are now paying rents four times that in low, bland buildings across the Hudson River in New Jersey.
Why pay $600 or more a square foot at unglamorous addresses like Weehawken, Secaucus and Mahwah? The answer is still location, location, location — but of a very different sort.
Companies are paying top dollar to lease space there in buildings called data centers, the anonymous warrens where more and more of the world’s commerce is transacted, all of which has added up to a tremendous boon for the business of data centers themselves.
The centers provide huge banks of remote computer storage, and the enormous amounts of electrical power and ultrafast fiber optic links that they demand.
Prices are particularly steep in northern New Jersey because it is also where data centers house the digital guts of the New York Stock Exchange and other markets. Bankers and high-frequency traders are vying to have their computers, or servers, as close as possible to those markets. Shorter distances make for quicker trades, and microseconds can mean millions of dollars made or lost.
When the centers opened in the 1990s as quaintly termed “Internet hotels,” the tenants paid for space to plug in their servers with a proviso that electricity would be available. As computing power has soared, so has the need for power, turning that relationship on its head: electrical capacity is often the central element of lease agreements, and space is secondary.
A result, an examination shows, is that the industry has evolved from a purveyor of space to an energy broker — making tremendous profits by reselling access to electrical power, and in some cases raising questions of whether the industry has become a kind of wildcat power utility.
Even though a single data center can deliver enough electricity to power a medium-size town, regulators have granted the industry some of the financial benefits accorded the real estate business and imposed none of the restrictions placed on the profits of power companies.
Some of the biggest data center companies have won or are seeking Internal Revenue Service approval to organize themselves as real estate investment trusts, allowing them to eliminate most corporate taxes. At the same time, the companies have not drawn the scrutiny of utility regulators, who normally set prices for delivery of the power to residences and businesses.
While companies have widely different lease structures, with prices ranging from under $200 to more than $1,000 a square foot, the industry’s performance on Wall Street has been remarkable. Digital Realty Trust, the first major data center company to organize as a real estate trust, has delivered a return of more than 700 percent since its initial public offering in 2004, according to an analysis by Green Street Advisors.




North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries – NYTimes.com

 

 

North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries | Waccabuc Real Estate | Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY.

Time to take the measure of the recovery | Waccabuc Real Estate

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Commentary: Many global indicators are at inflection points

Long-term rates fell this week to the lows of 2013, mortgages stickier than 10-year T-notes. Although long Treasurys made it to 1.85 percent, mortgages are still 3.75 percent or so — the mortgage market frightened to death that any loan it buys today will live until its 360th payment.

Trading everywhere has ceased for Passover, Good Friday, and Easter, but next week brings a flood of brand-new information for March, capped on Friday by employment data. Thus a good time to reflect.

I do not recall a moment in which so many economic elements at the same time have been at points of inflection. In the old days (five years ago) nothing much mattered except U.S. data. In global markets the world is more important than the U.S.

1. Rates are down because of Europe. Period. Euro elites are secure looking down their noses: “Cyprus is unique, the euro-zone will be fine, just a little austerity and economic reform ahead.” Au contraire… bank funding costs in March everywhere except Germany rose by 25 percent (who wants a haircut at shoulder-level?); French and Spanish 10-year yields are opening versus German; nobody is making fiscal progress, the combination of austerity and euro-shackles making recovery impossible. Yet everyone who has cried euro-failure “Wolf!” has been premature. Or wrong: maybe there is no wolf at all. Or, if the wolf finally does arrive, the bigger the shock.

2. The stock market set a new high yesterday, greeted by no exuberance. Usually a technical “breakout” like this is followed by a big run. Not. This new high is a half-inch above the same top in 1999 and 2007. Whee. And yet … stocks could really run and bring back the wealth effect.

3. That wealth effect may already be here. This morning’s news: personal incomes jumped 1.1 percent in February and spending with them, up 0.6 percent.

 

 

 

Time to take the measure of the recovery | Inman News.

How to score seller clients when inventory is low | Waccabuc NY Real Estate

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Loads of agents know firsthand that an uptick in buyer activity and some loosening of lending purse-strings can result in a particular flavor of supply-demand imbalance we call “a seller’s market.”  A recent Truliastudy proved this market season is just that: 75% of surveyed consumers said it’s better to buy a home now than a year from now.

But the same study revealed that there’s also pressure from the other end of the market – only one in three consumers said it would be better to sell now than a year from now. These patient would-be sellers have pushed inventory to a 12-year low.

Trulia ($34.34 0%) provides a number of ways that agents can grow their seller clients while so many are wanting to hold out another year.

http://www.housingwire.com/fastnews

China home prices up for 11th straight month in April-survey | Waccabuc Homes

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BEIJING: Average home prices in China’s 100 biggest cities rose in April from the previous month, the eleventh straight month-on-month rise, a private survey showed on Thursday, raising the risk of further tightening steps despite recent government measures to crack down on speculation.

Average home prices in April climbed 1 percent from March to 10,098 yuan ($1,600) per square metre, said China Real Estate Index System (CREIS), a consultancy tied to China’s largest online property firm, Soufun Holdings.

 

 

http://articles.economictimes.indiatimes.com

Distressed Sales Declined to 21 Percent in March | Waccabuc NY Real Estate

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The share of distressed properties on the market continued to decline. About 21 percent of REALTORS® reporting on their last sale in March sold distressed properties, compared to approximately 40 percent in March 2011. This is based on data from the March REALTORS® Confidence Index Survey.

Distressed sales are mostly sold for cash. Distressed sales accounted for 35 percent of cash sales compared to 21 percent of mortgage sales.

 

 

 

http://economistsoutlook.blogs.realtor.org/2013/05/03

Reduce Your Social Media Stress: 6 Ways to Keep Order Online | Waccabuc Homes

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Reduce Your Social Media Stress: 6 Ways to Keep Order Online image 4 tips for reducing social media stress d5a62943d5 600x337

Chaos is the very nature of social media. Between the endless jumble of posts, tweets, photos, updates and information, social media management can easily become overwhelming. A recent survey named Facebook the most stressful social media website. The immediacy of social media, the pressure to post daily content at optimal times and the struggle to find and post engaging quality content can cause any social media manager anxiety. So how does one keep a step ahead of the social media fray while staying current and developing deeper insights into your social media strategy? The answer is a combination of scheduling time to cultivate, manage and post. Here are 6 tips to keep your social media management ordered:

1. Create a Content Calendar:
Consider your social media content as a cross between a newspaper and a magazine. No publication prints or posts any article just for the sake of content, and neither should you. Have certain pieces of content that you post weekly or monthly. For instance, you can promote your most recent blog post every Monday, a cross promotion post on Thursday and a humorous engagement post every Friday. Your content will be different and consist of more than just these categories, but you can easily schedule your content weekly if not monthly for these time slots. Find a great article or link you want to share where you already have something ready to go? No problem, simply post that content in your optimal time and move your scheduled content to the next time slot.

2. Prioritize
Know what you have to do every day, what projects are long term and what can be broken down into bits. A social media manager should schedule in time every day to be “live” on each network, respond to comments and message and contribute to their communities, but each network demands different needs of research, writing, and maintenance.  Know which you have to do each day and which can be done on a weekly basis. At the beginning of the week, there might be a stronger push towards content creation, sourcing and writing whereas the end of the week might focus more on networking, development of long-term projects.

3. Schedule Your Time
Make a schedule for your social media management including how much time you spend researching and writing content, managing your community and developing new ideas and strategies. Write down your schedule in list form and stick to it. Use a time tracking tool like Toggl to keep yourself accountable to the time allotted to each task.

4. Avoid the Email Time Suck
Email can take up a large part of your day if you let it. Don’t let that email notification interrupt your grove, allot a few times a day to check and respond to emails. Good times to sort out the inbox are at the beginning of the day, mid-day (think right before lunch) and at the end of the work day.

5. Keep Lists
Lists are an essential part of organizing your daily, weekly and overall social media goals. You can keep the traditional written list or online lists through project management sites like Wedoist. This way, you can manage day to day tasks as well as jot down new ideas, tasks and long term projects. But lists also are an essential way to streamline your favorites. You can easily create lists on Twitter and interest lists on Facebook to keep track of what you find the most important. On Twitter, you might have lists that include brand advocates and influencers while on Facebook,  interest lists might include news and public figures that pertain to your community and  brand. Using these lists, you can curate choice content and continue building relationships with target members of your audience.

6. Have a Saving System
Seeing a constant stream of articles and news is tempting for us to want to read every article and see every webcast. Instead of spending precious time consuming content, have a system in place to re-visit articles. You can add links to a document or note, but I personally love using a system like Pocket, that catalogs saved content online and makes it easy to sift through later. Have a system in place to keep track of articles and information you want to be able to mull over when you have more time.

How do you keep on top of your social media? Tweet me your thoughts at @ErinSRichards.

Author: Erin Richards-Kunkel     Erin Richards-Kunkel on the Web Erin Richards-Kunkel on Facebook Erin Richards-Kunkel on Twitter Erin Richards-Kunkel on LinkedIn Erin Richards-Kunkel RSS Feed

Erin Richards-Kunkel is the Director of Social Media for RocketPost. She works with both established and emerging brands to develop dynamic and fully integrated social media presences that connect and engage with target audiences while telling the story behind the brand.

Richards-Kunkel has also worked as a digital manager for celebrity… View full profile

This article is an original contribution by Erin Richards-Kunkel.

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