18 November 2021Workshops and SeminarsNot many people will consider thinking about how an online platform may influence commercial real estate. In some ways, it has many influences. In many instances, online gambling has affected real estate prices directly.
In the USA, this is not as applicable as with some other countries. China and the Philippines are countries that use online casinos for real estate revenue. Although gambling is illegal in the Philippines, they do welcome online casino operators to startup in the country if they buy commercial property and begin an online casino for people from around the world. This brings operators venue and helps the commercial real estate.
Chinese online casino operators have occupied 30 percent of the 775.000 square meters of office space built in the Philippines. These operators also buy and rent apartments and flats for their employees which then influences commercial and residential real estate markets.
Looking at land-based casinos it works differently towards commercial and residential real estate than with online casinos. With land-based casinos, there are many questions that need to be asked before a casino can be built in a city. The impact has a lot to do with the neighborhood in which the casino is constructed.
When there is another casino in close vicinity to the planned casino it might influence the neighborhood badly as it will not be a tourist destination and be more dependent on local gamblers. Studies have shown that property next to big casinos tends to sell for cheaper.
With online casinos such as playstar, there are no direct influences such as with landmark casinos. Online casinos draw customers from around the world and do not need to establish an image towards a certain neighborhood or community. Online casinos also provide employment to individuals from around the world. [...]
9 November 2021Workshops and SeminarsThe impact of casinos and gambling on the housing market has been researched a studied by many different organizations and still has its ups and downs. Gambling provides many positive as well as negative changes to a community and the value of its real estate.
Casinos sometimes attract too many people to a small town which can cause congestion in a town. Casinos also bring many advantages to a town, such as employment opportunities and a rise in revenue.
When attending housing seminars and workshops, one can look at all the facts regarding the impact of casinos on the housing market and get a bigger idea of the impact. The size of the town plays a big role in the impact the casino will have.
The impact of casinos on home prices in local neighborhoods largely depends on exactly where the casino is being built. In Las Vegas, where the main focus is casinos and gambling, the housing market went up in sales and homes add more value each year.
With many studies done on the matter, it is still unclear how casinos impact the economy of a town. A casino brings many employment opportunities to a town but also brings more people who will need housing. It was also found that many other towns in the US had an increase in home values going up in many areas, but that bankruptcies went up as well.
As modern times have seen online casinos on the rise, it can be acknowledged that people can now gamble from the comfort of their own homes without visiting a casino. On https://www.playstar-casino.org/there are many games and other online casinos to use from your computer or smartphone.
The impact that casinos have on the neighborhoods is where the most negative impacts come from. Gambling is still an addictive type of entertainment and can cause poverty in some areas. [...]
11 October 2021Housing IndustryThe U.S. is facing an affordable housing crisis which has a major influence on the economy and livelihood of its citizens. This crisis is not only affecting individuals earning minimum wage but also high-income earners nationally.
The policies in affordable housing are more concerned with homeowners than renters when having a look at tax deductions. Taking into consideration the mortgage-interest deduction which was made in 1913 and the federal income tax, shows its survival of numerous updates to tax law due to the powerful real estate industry.
The annual federal tax expenditure is significantly more than the funding of all rental subsidies and public housing. It mostly benefits middle-class and wealthy homeowners. It comes down to the fact that the more expensive a home is the more benefits there are to a homeowner.
The rising costs of labor and materials mean affordable housing is expensive to build, causing taxes to go up. Homebuilders and construction companies charge a percentage on top of the starting cost of the labor and materials needed. Since 2008, the cost of raw materials has gone up 23.9 percent.
The restrictions on zoning are effective in fighting new construction and helps to suppress the housing supply. Limiting the height of new buildings makes construction more difficult and more expensive. The rise of these sorts of regulations has increased property values and has made it harder for workers to find opportunities by moving into fast-growing areas with high employment numbers.
As with public policy and labor material shortages, transportation is one more aspect of this crisis and will need to be taken into consideration in the search for a lasting solution in the affordable housing industry. [...]
13 September 2021Homebuyer Experience / Workshops and SeminarsBeing a first-time home buyer can be exhausting and stressful. Get the most out of the experience and investment by avoiding these frequently made mistakes. Being a first-time homebuyer, it is important to know what to look out for and make decisions based on factual market-related information.
Do Not Look for a Home Before Applying for a Mortgage
Because of the fact that there is currently more demand for affordable homes than there are actually affordable homes on the market, it is important to visit a mortgage broker before doing a home search. As the market is tight for affordable housing, it is important to visit a mortgage broker before viewing a home.
This mistake can cause a buyer to lose their dream home due to not being prepared with a mortgage beforehand. It is important for a buyer to first get a preapproval before viewing their dream homes.
Moving Too Fast
The mortgage process when buying a home for the first time can be complex and rushing the process can cost a buyer a great investment opportunity. Rushing the process can cause a buyer to not be able to save enough money for a down payment and other costs.
The idea is to map out the home buying timeline at least a year in advance, keeping in mind that it might take months or years to repair poor credit records. Most buyers can only save about $5000 per year towards home buying.
Don’t Make Decisions Based on Emotions Towards the Home
Buying a home is a major milestone in any individual’s life and needs to be planned ahead and everything needs to be taken into consideration before starting the buying process. If a buyer lets their emotions get in the way of thinking clearly about a purchase, it may cause the buyer to overpay for a property or even causing them to go over budget.
Sticking to a budget is a major factor that needs to stay in place when considering investing in a home for the first time. Don’t become emotionally attached to a home that is on the market.
Be Responsible with Credit
Whenever lending is a factor in buying a house, it is important to have a strong credit report. Lenders pull credit reports at preapproval and at the closing of a sale to make sure things check out. This is due to the lender wanting to make sure nothing has drastically changed in a buyer’s financial profile. New loans or credit card accounts in a buyer’s name can jeopardize the closing approval.
Following these guidelines can make the homebuyer experience more sufficient and positive towards building a household and creating memories as a family. Read more articles on the homebuyer experience and the housing industry on this website. [...]
8 August 2021Workshops and SeminarsThese are some of the top seminars and workshops around housing and real estate coming up later in 2021. These workshops and seminars can provide investors and future investors in housing with the knowledge to prosper and have financial success in their investments.
Midwest Institutional Real Estate Forum
The is a local peer-to-peer educational meeting for the institutional and HNW wealth management community and provides a focus on allocations to housing. The conference brings together investors, funds, and advisers for this one-day meeting. They will be discussing due diligence and investment opportunities in the housing industry.
The conference will be held in Chicago, USA, University Club of Chicago on the 14th of September 2021. Markets Group Inc is the organizer of this conference which will host between 100 and 500 attendees.
Mortgage Lending School Workshop
The Mortgage Lending School Workshop is designed to help mortgage lending professionals with solid foundations on managing and producing successful and quality mortgage portfolios. The workshop will help the participants with factors such as improving customer service, stronger portfolio building, and more efficient processing and servicing.
The event is organized by Indiana Bankers Association and will be hosting between 100 to 500 attendees at the association headquarters in Indianapolis, the USA from 21 – 23 September 2021.
VHA Housing Credit Conference
The Housing Credit Conference provides networking and educational opportunities for tax professionals, community development organizations, and housing authorities. Other individuals interested in the established industry can also attend to learn more about the industry.
The conference will be held in Omni Richmond Hotel, Richmond, the USA from the 30th of September to the 1st of October 2021. The conference category falls under Building and Construction and Banking and Finance. The event is organized by Virginia Housing Alliance.
Annual Affordable Housing Conference
The Annual Affordable Housing Conference always intrigues attendees by their professional approach in providing perfect planning and professional speakers and programs. This event can be seen as a dynamic conference and seminar for learning, networking, collaboration, and creating insightful discussions on the housing industry.
The conference is organized by Housing Washington and will be taking place in Tacoma, USA from the 4th of October to the 6th of October 2021.
Arizona Housing Coalition Annual Seminar
At this event, attendees can expect dynamic professional speakers and prominent leaders in the housing industry to speak about important issues in the housing industry. The sessions include a focus on innovative best practices and solutions and include an awards ceremony to honor excellence in the housing communities. It is a great opportunity for peer support and networking among leaders in affordable housing and homeless services.
The conference and seminar will be held in Mesa Convention Center, Mesa, USA from the 26th of October to the 27th of October. The organizers of the event, Arizona Housing Coalition, will be hosting up to 500 attendees on this event.
Attending any of these great seminars, workshops and conferences will be able to provide attendees with the knowledge-building tools to be able to further their investment success and build a good networking circle.
Seminars and workshops are also a great way for newcomers to get into the industry of housing and learn more about its inner workings and opportunities.
Read more articles on housing events on this website.