Real Estate

This is the VOA Special English Economics Report, from http://voaspecialenglish.com

The American housing collapse was a major cause of the recession. The housing market is showing new life after three years of falling prices and too much supply. But now there are worries that banks could face big losses next on business properties.

For example, one effect of a weak economy is less demand for office space. As a result, property owners earn less and charge less in rent. This puts pressure especially on owners who borrowed a lot of money.

Easy credit helped fuel an explosion of development. The market hit a high point in two thousand seven.

Now, late payments are growing. Almost three percent of commercial mortgages were reported at least ninety days late between April and June. That was double a year earlier.

One major lender lost more than a billion and a half dollars in the second quarter. Capmark Financial Group said it might seek bankruptcy protection from its creditors. Medium and small banks also face a growing risk.

Banks hold one and a half of the three and a half trillion dollars in debt that supports the commercial real estate market. Housing debt is much higher. Still, around two trillion dollars in commercial mortgages are expected to come due for payment within the next five years.

Commercial properties face two serious problems. One is falling prices — down by one-fourth since two thousand seven. The other is refinancing.

Most commercial real estate loans have terms of ten years or less. They often end with a large payment, a balloon payment, which owners usually refinance. But lower property values and tighter lending requirements mean a harder time getting new loans.

One way to make capital available for new loans is to sell mortgage-backed securities. But since last year there has been little activity in the seven hundred fifty billion dollar market for commercial mortgage securities.

The Federal Reserve recently extended into next year a loan program designed to get investors to buy more securities like these.

The United States is not alone. Commercial rents in Moscow, Hong Kong, Singapore and Mumbai have fallen thirty percent or more.

American housing sales, though, have improved in recent months, helped by lower prices and a tax credit for first-time buyers.

The S&P/Case-Shiller national index of home prices rose in April, May and June. That was the first three-month increase in three years.

And that’s the VOA Special English Economics Report.

(Adapted from a radio program broadcast 11Sep2009)

Duration : 0:4:14

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I DO NOT OWN THIS! Copyright Premiere Radio Networks.

Air date 1/1/09

Our special New Year’s Day show hosted by Ian Punnett featured seven guests prognosticating about 2009. In order of the guests’ appearances, here are some of the highlights:

Psychic Jeffrey Wands:

There’ll be a breakthrough in AIDS treatment, with possibly a vaccine. A cure for certain types of cancer will involve a food enzyme.
This year will have a bad hurricane season, with the West Coast even being affected at one point.
A possible fire at the Sears Tower will raise safety issues about large buildings.
Several music entertainers will die together in a plane crash.
Psychic medium Tana Hoy:

Kidnappings will be on the rise in border states like California, Texas, and Arizona.
Real estate prices will begin to rebound this year. The economy and stock market will also become more stable. Gas prices will come down further.
HIV research will have a breakthrough in 2009.
Trends analyst Gerald Celente:

The Collapse of ‘09– markets & businesses fail. Unemployment will reach over 20%.
The Greatest Depression– worse than the 1930’s depression. We need a productive capacity to bring us out. We can’t keep creating more paper money.
Economic Slim-Fast– A return to Yankee frugality. “Use it up, wear it out, make it do, do without.”
Psychic Anthony Carr:

Money will be replaced by a barter system.
In 2012, a great comet or asteroid will be headed our way, but veer off at the last minute.
Around 2013, civilization as we know it will come to a close. The “star travelers” will return and bring about world peace.
Consultant George Ure:

Hyper inflation will occur after February.
In March, a NASA whistleblower (possibly female) will reveal secrets about the organization.
In mid-May, a civil war or “soft revolution” will take place in some parts of the United States, such as Detroit, where unemployment levels are particularly high.
Astrologer Mark Lerner:

The period of March 6April 17th will be a difficult or turbulent time for America concerning money issues. After this time, it’s better to sign contracts or make decisions related to money.
Obama’s inauguration is scheduled during a Void-of-Course moon (when the moon transits into another astrological sign), and this could spell problems for him.
Spiritual psychic Angela Moore:

Major seismic and/or volcanic activity will take place in America, possibly at Yellowstone.
Paranormal activity is on the rise, and parents of little kids will be blown away by their abilities.
The UFO community will get a boost from an event or news this year.

www.coasttocoastam.com
www.jeffreywands.com
www.tanahoy.com
www.trendsresearch.com
www.anthonycarrpsychic.com
www.urbansurvival.com
www.earthaquariusnews.com
www.angela-moore.com

Duration : 0:10:1

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Fort Bonifacio One Serendra Condo 3BR Rent Bamboo Special Size Unit Philippines Manila Real Estate

One Serendra Condo 3BR Bamboo Special Size Unit Rent

ONE SERENDRA
As the lowest-density condominium development in the metropolis,
One Serendra will allow residents to enjoy freedom of space in large units
within a unique architecture that blends the Filipino bahay-na-bato aesthetics
with European low-and mid-rise housing design.
A suburban feel is granted by how two-thirds of the entire Serendra development
has been dedicated to greenery and open spaces. And finally,
exclusive amenities and a unique retail promenade ensure that
urban conveniences are but a few steps away.

Serendra is the only residential development of its kind,
with approximately 7.5 hectares to be dedicated to wide open spaces,
exclusive themed gardens, and courtyards.
Residents will enjoy a serene urban sanctuary right in the Bonifacio Global City,
the newest center of culture and trade. In addition, the Piazza,
to be located at the center of the development,
will contain both the residential and themed-retail sections.
This will also the main thoroughfare that shall connect Serendra
to the Global City Center and Market! Market!

Amenities
* Clubhouse
* Function Rooms
* Social Hall
* Veranda
* Swimming pools
* Childrens Play / Library Areas
* Gym / Fitness Center
* Exclusive spa and wellness center
* Underground Basketball and Badminton Courts
* Game Rooms
* Ample Lawn Area and Lush Landscaping
* Jogging Path
* Themed Gardens

One Serendra Condo 3BR Special Size Unit Rent Info
216 SQM 3 BR 3 T& B
Maid Room + 1 Parking
BamBoo Building
10 Floor
Un Furniture.
Walking Distance Market Market 5 Minute
2 Month Advance 6 Month Deposit
Rent Price : 150,000 PHP

For More Inquire Contact To GoldenBell Properties Inc.
Look for Jimmy Lee
Offiice : 632 996 8362
Cell Phone : 63 915 890 7914
E-Mail : wonwoolee612@hotmail.com
http://manilalife.tistory.com/
http://manilacondo.wordpress.com/

Duration : 0:1:26

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