Daily Real Estate Stories

New Harmony offers history, culture, fun.
Thrall”s Opera House and Community House No. 2 (just north of the four-way stop in downtown New Harmony) were saved, a replica of the Harmonist labyrinth was built on the town”s south side and other houses were saved and restored.The 1941 wedding of Owen descendant Kenneth Dale Owen and Jane Blaffer proved to be a significant event in the town”s restoration. Owen, a geologist, worked for Blaffer”s father (a Humble Oil Co. founder) in Texas, and while he had little appreciation for his hometown”s heritage, the new Mrs. Owen quickly realized the significance of its past and its potential, Kahle said. She became ‘a really good friend’ of the town, and largely through her efforts the Roofless Church was built, along with the New Harmony Inn, Red Geranium and other properties. She remains deeply committed to the town, at the age of 93.Historic New Harmony, Inc.

Anger at B&B”s u-turn on shares.
The difficulty is its lack of diversification, which leaves it very vulnerable to shocks to the UK housing market.’

What if I don’t take up my rights?

You will be allocated ‘nil-paid rights’, in effect a financial instrument that gives you the right to buy the new shares at the discounted price. These can be bought and sold in the same way as normal shares. If you do not take up the rights, your holding will be diluted.

What should I do now?

You will soon receive details of a general meeting to approve the new deal, which is expected to take place next month.

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GREENWALD/CRYAN “PERMIT EXTENSION ACT”ADVANCES IN ASSEMBLY HOUSING.
An increasing number of permits are scheduled to expire due to inability of the banking, real estate and construction industries to obtain financing in the current economic downturn. The lapse of the permit approvals could cause a decline in the value of real estate involved in the projects and require a reclassifications of loans.

‘The expiration of permits can have a devastating impact on our building and construction industries and the thousands of jobs they support,’ said Cryan (D-Union). ‘Without this relief, it could cost business tens of millions of dollars for re-permitting. Allowing already approved projects to go ahead once the economy turns around will send a strong message to businesses that we want them to stay in New Jersey.’

The measure would stop the clock automatically on the expiration of building approvals granted after Jan.

IT dept can attach property of defaulters: SC.
The Income Tax department is well within its right to attach the defaulter”s property and put it up for auction sale to recover the dues, a bench comprising Justices Ashok Bhan and Dalveer Bhandari said in a recent judgment.

Dismissing an appeal against the sale of landed property through public auction, the bench answered in the affirmative the self-posed question: ‘Whether the Income Tax department is justified in auctioning the attached property for recovery of debt?’

In the appeal filed by Janatha Textiles, a partnership firm of Radhey Shyam Modi, Pawan Kumar Modi, Padmadevi Modi and Indira Chirmar, it was stated that the firm was in arrears of tax for the assessment years 1985-86, 1986-87, 1987-88 and 1989-90.

Though demands pertaining to assessment years 1986-87 to 1989-90 had been stayed by the appellate authorities, the department went ahead and took recovery proceedings for the dues for the assessment year 1985-86.

Mortgage firm plans new home products.
Housing Finance is set to unveil two new housing products to enable more Kenyans buy houses.

Housing Finance director of Business Development, Kenneth Kinyua said the cyclical mortgage will target individuals who have an income but do not receive it on a monthly basis, such as those working for international bodies that pay their workers after three months.

The pension backed mortgage was announced by Finance minister Amos Kimunya during last year?s Budget.

However, its guidelines have been delayed due to post-election violence.

The rules were to be released by January 1, 2008.

Building a house

Mr Kinyua said that the rules could be released any time from Monday.

The two will supplement other existing products such as first hope, property point, which accounts for almost 10 per cent of Housing Finance?s total revenue and makao which makes the process of building a house easier.

Music | Loud and Proud: Utah Pride Festival weekend highlights.
Beloved songstress Judy Garland was found dead of an overdose in her London apartment. Across the pond in a dank little bar called the Stonewall Inn, at 53 Christopher Street in New York City, depressed drag queens and humorless homos drowned their sorrows. That’s when the NYC Police made one of the biggest mistakes of their lives. A pastime for the men in blue was raiding gay bars as it was still illegal to live on the pink side of life. These raids resulted in arrests and abuse. On June 27, we were not going to take it anymore. In fact it was a tranny who threw the first punch. Imagine (true story) drag queens ripping parking meters out of the ground, swinging them at cops; lesbians starting cars on fire; gays breaking every glass door and window throughout the West Village. The three-day Stonewall Riots ensued, during which participants sang, ‘God Save Us Nelly Queens!’

These fierce forefathers and mothers are responsible for Gay Freedom Day, or as we now call it ‘Pride Day,’ a historic, now less tumultuous annual event.

Incentives given for installation of permanent window protection.
The following year those same homes will be required to have permanent window protections.

‘The goal of passing this law is to help all Floridians lower their insurance costs,’ said Melinda. ‘It is leading us in the direction of making better decisions on protecting our homes.’

The minimum requirements for wind protection have been steadily increasing in an attempt to conform to the ‘high velocity hurricane zone’ in South Florida, Ed said. According to him, the insurance industry has been the driving force behind the storm protection initiative.

All the products offered by Gulf Coast Shutter are rated for a minimum of 140mph winds and pass the Florida Building Code. Everything is customizable and ranges from inexpensive fabrics to rolling aluminum shutters with seals.

Music | Loud and Proud: Utah Pride Festival weekend highlights.
Beloved songstress Judy Garland was found dead of an overdose in her London apartment. Across the pond in a dank little bar called the Stonewall Inn, at 53 Christopher Street in New York City, depressed drag queens and humorless homos drowned their sorrows. That’s when the NYC Police made one of the biggest mistakes of their lives. A pastime for the men in blue was raiding gay bars as it was still illegal to live on the pink side of life. These raids resulted in arrests and abuse. On June 27, we were not going to take it anymore. In fact it was a tranny who threw the first punch. Imagine (true story) drag queens ripping parking meters out of the ground, swinging them at cops; lesbians starting cars on fire; gays breaking every glass door and window throughout the West Village. The three-day Stonewall Riots ensued, during which participants sang, ‘God Save Us Nelly Queens!’

These fierce forefathers and mothers are responsible for Gay Freedom Day, or as we now call it ‘Pride Day,’ a historic, now less tumultuous annual event.

Is the grass greener out in the provinces?.
‘They would be struggling to get into the housing market otherwise,’ he said.

The median house price in Auckland was $437,500 in March, compared with $253,500 in Taranaki and $225,000 in Hawke”s Bay.

There are better deals in the South Island, where the March median price was $190,500 in Southland.

Senior Westpac economist Doug Steel said the rural boom was being driven by the thriving dairy industry and rural retail sales were up 7 per cent in the last quarter, compared with a 1 per cent drop in Auckland.

Areas such as Nelson and Marlborough enjoyed a 6.6 per cent rise in retail sales and Southland saw the largest increase in new car registrations - 13 per cent.

‘Clearly consumers in the Auckland area are feeling a bit more of a pinch than people in the rural areas,’ said Steel.

The Kauderer Group today reaffirms its commitment to its Commercial Real Estate business. With the turmoil in the credit markets that started in the residential mortgage sector, industry experts expect reduced prices on commercial real estate along with higher commercial real estate interest rates. The Kauderer Group sees this turmoil in the market as a market opportunity and is redoubling its efforts in the commercial real estate space.

Sam Kauderer, Director and Co-Founder, states, “Market turmoil and change have always offered excellent investment opportunity.” Mr. Kauderer continues, “The Kauderer Group and its partners and commercial real estate investors are prepared to take full advantage of the current market conditions.”

Mr. Kauderer has over 45 years of Investment Experience in Real Estate and NYSE Investments.