Property Crisis Pressures Vietnam to Act Before It’s Too Late

06/02/2023dansa

(Bloomberg) — Time is running short for Vietnam to prevent a worsening property-sector credit crunch from derailing one of the world’s fastest economic expansions.

With about $4.6 billion of property developer notes tracked by Vietnam’s bond association coming due next year, firms will struggle to meet obligations without government support, according to local real estate executives and analysts. Funding has all but dried up after an anti-graft campaign spooked investors and authorities froze new bond issuances across the industry.

The looming maturity wall risks triggering a wave of defaults that could turn the property woes into a wider crisis for the banking sector and the economy. While the absolute scale of Vietnam’s property debt is tiny compared to that of China, the industry still makes up about 11% of economic activity. Mounting worries of a China-style hit to growth are prompting calls for Vietnam’s government to act before it’s too late.

“The real estate sector is undergoing a major crisis,” said Tran Xuan Ngoc, chief executive at property developer Nam Long Group. “We don’t know when the crisis may pass as it depends on the government’s actions.”

At stake is an economic expansion projected by the International Monetary Fund to

Vikings Land Interview With Former Broncos DC Ejiro Evero

06/02/2023dansa

Getty

Head coach Brandon Staley (left) of the Los Angeles Chargers talks to defensive coordinator Ejiro Evero (right) of the Denver Broncos prior to their game at Empower Field At Mile High on January 8, 2023 in Denver, Colorado. (Photo by Justin Edmonds/Getty Images)

The Minnesota Vikings are expected sooner than later to meet one of the hottest defensive coaches going into the NFL right now.

Minnesota hit the ground running on hiring a new defensive coordinator in the days after they dumped Ed Donatell, but then things came to a screeching halt. As it turned out, the team brass pumped the brakes for one reason only — a shot to land Denver Broncos defensive coordinator Ejiro Evero, among the rising young stars in the league’s coaching ranks.

Over the weekend, the Vikings took two big steps closer to landing their guy. NFL Network’s Ian Rapoport reported on Saturday, February 4, that the Broncos had cut Evero loose and that an interview with his old compatriots — general manager Kwesi Adofo-Mensah and head coach Kevin O’Connell — was imminent.

Sources: The #Broncos are allowing defensive coordinator Ejiro Evero out of his contract and he’s expected to interview with the #Vikings

New York City Rental Market: Worst Stories of 2022

05/02/2023dansa

Photo-Illustration: Curbed; Photo Getty Images

The real-estate market was out of control in 2022. After two years of COVID deals, many of which were for just somewhat less expensive but still expensive rents, landlords and brokers had their revenge: Low inventory and high demand alchemized to turn the search for a New York City apartment into something even more demeaning, frantic, and, of course, pricey than ever. People lined up around the block to view sad studio apartments and offered to raise their own rent to get an edge over other prospective tenants. The people throwing themselves at the feet of their future landlords were the lucky ones — as pandemic-era protections ran out, many couldn’t afford to stay in their apartments at all, facing rent hikes of $500, $1,000, or even $2,500. Below, in miserable detail, the year in rent — which, by the way, is due again on January 1.

In January 2022, an estimated 591,000 households owed a total of $1.97 billion in back rent. Federal rent-relief funds were running out, which had led Governor Kathy Hochul to close the Emergency Rental Assistance Program’s application portal a few months earlier, even though Legal Aid estimated that 400,000

A Boerum Hill Brownstone With Central Air and Three Others to See, Starting at $769K

04/02/2023dansa

Our picks for open houses to check out this weekend are found in Boerum Hill, Bed Stuy, Bay Ridge, and Flatlands. They range in price from $769,000 to $2.75 million.

In the Boerum Hill Historic District, a single-family brownstone hasn’t changed hands since 1992 but appears in good condition, with well maintained original features and recent updates. Narrow at 12.5 feet, the 1870s house has handsome carved marble mantels with rope details, a winding mahogany staircase, updated mechanicals, and mini-split air conditioning.

372 Pacific Street
Price: $2.75 million
Area: Boerum Hill
Brokers: Corcoran (Deborah Rieders, Sarah Shuken)
Sunday, February 5, 11 am to 1 pm
See it here -

In Bed Stuy, a brownstone with four stories and incised details is set up with two floor-through apartments over an owner’s duplex. The parlor level has high tin ceilings, elaborate woodwork, an entry with encaustic tiles, and an open-plan living area with a kitchen. While there is a fair amount of historic detail on the parlor floor, other floors have been altered, and wet rooms are updated.

329 Hancock Street
Price: $2.235 million
Area: Bed Study
Brokers: Compass (Jennyrose Halupka, Tatia Wetzel)
Saturday, February 4, noon to 2 p.m
See it

Slow sales, hard scrabble in Toronto real estate

03/02/2023dansa

The Toronto Regional Real Estate Board tallied 75,140 sales through its Multiple Listing Service for all of 2022, 38.2 per cent below the 121,639 transactions seen in 2021.Mitch Fain/Mitch Fain

The real estate market in Toronto, Ottawa and many Ontario cities is off to a slow start in January with thin inventory, jittery buyers and Bay Street predicting another interest-rate hike.

John Lusink, president of Right at Home Realty Inc. and Property.ca, says the market is more balanced between buyers and sellers at the moment but also complicated and unpredictable.

“It’s going to be a tough year,” he says.

The executive says listings are typically low in the first half of January and this year is in line with the trend. In the second week of January, his firm’s inventory stood at 1,884 listings across its 14 offices.

That compares with only 1,100 at the start of January last year when “fear of missing out” among buyers saw properties snapped up quickly.

“We aren’t seeing a surge of inventory,” he says, adding that many of the listings he sees coming on now are properties that did not sell in the fall.

For all of 2022, the Toronto Regional Real

Real Estate Losses Against Ordinary Income

02/02/2023dansa

The best way to use real estate depreciation is against ordinary income. These are the two ways to do it.

PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. WCI truly believes that a financially secure doctor is a better partner, parent, and practitioner. White Coat Investor is an affiliate partner of PIMD.

Investing in real estate can be a risky, time-consuming, illiquid investment. However, one of the best parts of being an investor in equity real estate (at least outside of a retirement account or a REIT structure) is that you can depreciate the buildings on the property. Under current law, bonus depreciation can be over 60% of your investment in the first year. It’s pretty awesome to invest $100,000 and get a $60,000 deduction on your taxes that same year.

Unfortunately, there is a general tax doctrine that prevents many investors from actually being able to use that deduction. It turns out that you can only use passive losses to

New association president excited for realtors to do ‘our whole jobs again’

02/02/2023dansa

Stepping into a leadership role at any time is an adjustment and doing so on the heels of a changing real estate landscape offers its own set of complications.

But Amy Layton, who took over as president of the Niagara Association of Realtors in December, understood what she was facing.

The region’s real estate market is still finding its footing, following a series of ups and downs. Last year, Niagara saw its overall home value fall 12 per cent year-over-year, after an increase of 25.4 per cent from 2020 to 2021. But that market, with its sky-high prices, quick transactions and multiple bids was “completely unsustainable,” said Layton.

This year is a different year, and her role as president is a motivating return-to-normal. It’s time for realtors, herself included, to “sharpen it up.”

“This is back to reminding everybody (to) sharpen their skills and brush up on everything if they haven’t done it already,” said Layton. “We’re always going to be needed as a realtor but now you actually have to use your skills again, which I’m really excited about. We get to do our whole job again.”

It’s also about getting back to basics, and a reminder of why

Michigan 2023 DL target Jamel Howard commits to other Big Ten schools

02/02/2023dansa

Michigan landed one of its top remaining defensive lineman targets on Wednesday, but it missed out on another.

Chicago Marist 2023 three-star Jamel Howard Jr. made his college decision on signing day, committing to Wisconsin over Michigan and others in an announcement at his high school.

The Wolverines appeared to be the frontrunner to land the 6-foot-3, 320-pounder after he took an official visit to Ann Arbor in December just ahead of the early signing period, but he chose to delay his decision.

Howard previously committed to Wisconsin in June but backed off his verbal pledge in November after the school coach fired Paul Chryst. However, new head coach Luke Fickell continued to make Howard a priority and was able to get him on campus for an official visit in December.

The No. 1,198 overall prospects nationally, according to the 247Sports Composite rankings, also took official visits to LSU, Ole Miss and Miami in January but decided to remain in the Big Ten.

While Howard wasn’t highly rated, he did possess an offer list of 16 schools, with notable programs such as LSU and Miami making a hard push late.

Nevertheless, Michigan still inked five defensive linemen/edge prospects this cycle,

8 Practical Tips to Maximize Efficiency in Real Estate Investing

02/02/2023dansa

The real estate world is highly competitive, so those who pursue real estate investing must work hard to stay on top of their game. News events, market shifts, financial technology, and a host of outside factors can change the investment terrain, it seems overnight.

Real estate investing also offers investors tax benefits. Investors can take advantage of depreciation deductions and capital gains exemptions, which can provide a significant tax advantage. Additionally, investors can use a 1031 exchange to defer capital gains taxes on the sale of a property by investing the proceeds in a new property.

Done right, real estate investing can be (and often is) an incredibly lucrative endeavor. However, making a career in real estate that is sustainable and consistently profitable is also a complex and time-consuming process. Maximizing your efficiency is essential to ensure you get the most out of your investments, especially if you are working as a team of one.

Listed below are eight practical tips to help you do just that. These tips will help you get the most out of your real estate investments, from creating a well-defined investment strategy to taking advantage of automation tools.

Whether your preferred niche is in the

Renewing Covid’s Status As A Public Health Emergency Was The Right Call. Here’s Why

15/11/2022dansa

Business The New York Times

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Once that’s done, choose a name and structure for your business, then file any paperwork to register your organization.

In particular, contractual and relational governance can help mitigate opportunism as well as support communication and information sharing. Different business structures may be required to make less or more information public and may be bound to comply with different rules and regulations. Research and …