|
Did You Know?
5-year fixed-rate mortgages have tumbled to 4.64% from a peak of 6.11% in July 2023......in the UK. Sales activity has picked up notably and pricing has recovered already very close to 2022 peaks. (Bloomberg)
Did You Know?
One-third of the 500 real-estate agents surveyed say they have worked with buyers who moved over the last 12 months mainly because of state or local laws or politics. (Marketwatch)
Did You Know?
The most expensive house in the US is for sale for $295 million in Naples, Florida. Not unlike most headlines today, this one too is somewhat misleading as this 'house' is actually a 9-acre compound with three enormous houses measuring over 23,000sf in total with a six-boat basin. The owners are from the Pittsburgh area. (WSJ)
Did You Know?
Huge roofs offer opportunity: The Orbital Shopping Centre in north Swindon, UK has submitted a request to install new solar panels that are expected to produce 56% of the centre’s electricity needs. Walmart says about a quarter of its more than 1,900 stores nationwide have solar on-site, with the systems providing from 15 - 40% of a property's energy needs. Big Box stores provide some around 109,000 acres of prime, solar-panel-ready rooftop real estate, according to a 2016 calculations, enough to produce more than 50 million megawatt hours of electricity a year—and power 5.2 million households—assuming 477 megawatt hours per year, per acre for utility scale photovoltaics. Solar paneled covered parking lots comprising around 861 square miles of parking area could produce 422,000 megawatts of cleaner energy.....that's also pretty cheap! If Walmart is doing it you know it has to be profitable! (BBC/TIME)
Did You Know?
Nearly 300 gigawatts of new power plants are needed over the next 5 years and 500 gigawatts over the next decade to meet the need. Solar demand is expected to grow 26% per year compounded over the next 5 years as the economics of generating solar power become increasingly attractive. Contrary to (well-funded) narratives, utility-scale solar costs anywhere from $24- 96 per megawatt hour without subsidies, about 56% cheaper than nuclear and gas peaking and 42% less expensive than coal at the top end of the cost estimate range. (CNBC)
Did You Know?
Hedge Funds love volatility in markets.....Citadel grew 1.9% in just January....annualized that would be over 22%. When people make big bucks out of volatility, expect volatility to persist!
Did You Know?
Ultra-luxe retailers are buying the retail spaces from their landlords, flush with massive recent profits fueled by luxe-flation. Prada, Gucci and now LVMH are buying up buildings on Fifth Avenue for hundreds of millions. Buy vs. Rent?(WSJ)
Did You Know?
VAIL.....northeast? Yup, Vail Resorts has bought up numerous ski resorts in the Northeast (15!) and elsewhere. Vail's EPIC PASS Costing around $700-1,000 allows skiers to ski in multiple resorts in Colorado, Rockies, West, Canada, Australia, Europe and the Northeast, now with over 2 million subscribers. Traditionally, real estate prices at ski resorts have soared over time. (Bloomberg)
Did You Know?
I have discovered a new tradition that I just LOVE….. Generations Over Dinner. There is an organization that inspires people to bring multi-generations to dinner so that our youth can learn from older generations and vice versa.
Did You Know?
Cheese please…. in the early 1980s, after the enactment of a $2 billion dairy subsidy left American farmers drowning in excess milk. The federal government bought the leftovers and turned much of it into cheese for storage purposes, leaving the chunks that were not distributed via "government cheese" handouts to languish in warehouses and caves. While ownership of the stockpile eventually passed into private hands, the government couldn't quite shake its old habits. In 2016, the USDA announced plans to purchase 11 million pounds of cheese to lessen the strain on private facilities. As of April 2021, there remained 1.4 billion pounds of the stuff in storage, with nary a mouse in sight to tackle the problem head-on.
|
