http://www.youtube..com/watch?v=P5yxFtTwDcc
I am working on an article about Water Quality permitting in Florida as well as update on SB360, which I hope to publish here soon. Until then enjoy the link above.
Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Monday, June 15, 2009
Friday, February 6, 2009
ULI Winter Institute 2009
On January 29, 2008 the Urban Land Institute hosted the 2009 Winter Institute and Pathfinder Awards in Naples, Florida. As the Vice-Chair of the Southwest Florida District Council part of my duties are to produce the Winter Institute program. This year's Winter Institute was the best one I have attended in the last 12 years. We were fortunate enough to have speakers such as the Chief Economist for SunTrust Bank Mr. Greg Miller, Ron Glass founder of workout firm GlassRatner, Florida CFO Ms. Alex Sink and former mayor of Pittsburg Mr. Tom Murphy. I spoke with many that attended the program and the unanimous consensus is the content was timely, informative and useful. Below are a few pictures from the event.
A link to the presentations as well as information on upcoming events can be found at: http://swflorida.uli.org/News/Event%20Presentations.aspx
Tom Murphy, former Mayor of Pittsburgh and Dave
SunTrust Economist Greg Miller with Dave and a WI guest
Commissioner Jim Coletta, Dave Farmer and Collier County Planning Commissioner Dave Wolfley
A link to the presentations as well as information on upcoming events can be found at: http://swflorida.uli.org/News/Event%20Presentations.aspx
Florida CFO Alex Sink and Ron Glass of GlassRatner Capital Group
Tom Murphy, former Mayor of Pittsburgh and Dave
Dave and Florida CFO Alex Sink
Ron Glass of GlassRatner and Dave
SunTrust Economist Greg Miller gives a 2009 prediction
Dave with previous Pathfinder Award winners and 2009 winner Nancy Payton of the Florida Wildlife Federation
Attendee's at the standing room only event
SunTrust Economist Greg Miller with Dave and a WI guest
Commissioner Jim Coletta, Dave Farmer and Collier County Planning Commissioner Dave Wolfley
Thursday, December 18, 2008
What is a Home Worth?
As long as the moon has been circling the globe the tide has come in and gone out. When the tide comes in it raises all boats. When home prices were going up all real estate went up just like boats in a harbor. Today as the proverbial tide is heading out, the question really is "How deep is the water"? That is, as the tide heads out, have we hit bottom or is there still a ways to go? From where I am standing there is no bottom in site. At the end of the day I think a house is worth what you can do with it.
I was speaking at a ULI program recently and I made a statement there that I will repeat here; just because a home on your street was sold for $25,000 does not mean your home or all of the homes on your street are now worth $25,000. I also stated that I am seeing a correlation between 2005 selling prices (not listing prices mind you) and selling prices today. That correlation is the value today is about 1/3 of the 2005 selling prices. It is not a perfect relationship but I keep seeing it over and over again.
With that said, if you have a home with a mold issue and it cannot be lived in then that home is not worth much. If I can rent out a home for $1,000 net per month then that home is worth considerably more.
A friend of mine was driving though Georgia a few months ago and ran across a home in a remote area that appeared to have been built with expensive materials. My friend shared with me that he thought the house was a terrible waste of money. So what is the value of a remote "expensive" home? Maybe zero. Maybe some. Probably not what was spent to build it. My point is some houses will never be worth their construction cost and no minimum price exists. The bottom line is if a home has utility, it's forward value will be based on that utility.
I was speaking at a ULI program recently and I made a statement there that I will repeat here; just because a home on your street was sold for $25,000 does not mean your home or all of the homes on your street are now worth $25,000. I also stated that I am seeing a correlation between 2005 selling prices (not listing prices mind you) and selling prices today. That correlation is the value today is about 1/3 of the 2005 selling prices. It is not a perfect relationship but I keep seeing it over and over again.
With that said, if you have a home with a mold issue and it cannot be lived in then that home is not worth much. If I can rent out a home for $1,000 net per month then that home is worth considerably more.
A friend of mine was driving though Georgia a few months ago and ran across a home in a remote area that appeared to have been built with expensive materials. My friend shared with me that he thought the house was a terrible waste of money. So what is the value of a remote "expensive" home? Maybe zero. Maybe some. Probably not what was spent to build it. My point is some houses will never be worth their construction cost and no minimum price exists. The bottom line is if a home has utility, it's forward value will be based on that utility.
Friday, July 25, 2008
Top 10 reasons how you know it's time to buy
10. Loan officers are going door to door with applications like girl scouts selling cookies
9. Your 10 year old is thinking about buying her own place and moving out
8. Houses are listed as buy one get one free
7. Poor Iraqi's are buying are buying vacation homes in the U.S.
6. Your stimulus check exceeds your 20% down payment
5. Owning a home is cheaper than living in your car
4. Your loan papers say "pay us when you have the money"
3. There are more "for sale" signs on the street than there are houses
2. You can buy a McMansion for a Happy Meal price
1. Even Ed McMahon can afford to buy
9. Your 10 year old is thinking about buying her own place and moving out
8. Houses are listed as buy one get one free
7. Poor Iraqi's are buying are buying vacation homes in the U.S.
6. Your stimulus check exceeds your 20% down payment
5. Owning a home is cheaper than living in your car
4. Your loan papers say "pay us when you have the money"
3. There are more "for sale" signs on the street than there are houses
2. You can buy a McMansion for a Happy Meal price
1. Even Ed McMahon can afford to buy
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