Dr. Rick C. Ernst
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High End Real Estate

Reserve Bank signals interest rates to remain low
www.heraldsun.com.au

The minutes also said the Australian dollar, despite falling to three years lows, remained at historically high levels, supporting the case for a cut in August. "It was possible the exchange rate would decline further over time, which would assist in …

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Bank of Spain figures show 'bad bank' loans rise to new high
www.theguardian.com

There had been a slight fall in the bad debt ratio at the end of last year, when the country's so-called "bad bank" swallowed up large amounts of the toxic real estate that had brought down several Spanish banks. The bad bank was set up by the …

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All-cash home purchases top 50%, reports says
www.sfgate.com

The data suggest that the big surge in all-cash deals is happening more at the low end and probably reflects a large number of investors buying cheaper homes in hard-hit areas to rent out. Goldman researchers said they "backed into" … Goldman's …

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Provocative Proposals for New York, Missing From the Campaign Trail
www.nytimes.com

New York cut tens of millions of dollars from the libraries in the past five years — and spent twice as much on the High Line, a park that ignited a luxury real estate price explosion in Chelsea. New Yorkers do not lack for self-regard. Mr. Robins …

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Take Five: REITS may act as inflation hedge
www.investmentnews.com

Over the long term, REITs and real estate have a very similar return profile, but REITs have higher volatility because they're priced on a daily basis. But volatility has nothing to do … Mr. Halle: I still like high–end retail malls. I think the lack …

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Metro Phoenix home prices continue rise
www.azcentral.com

“Access to finance at the high end of the market has improved recently, with more lenders offering jumbo loans,” said Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School. “Along with good returns from the stock …

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Lido Key land sale raises questions over lack of taxes paid
www.heraldtribune.com

Seaward Development LLC's purchase of a 1.12-acre parcel at 129 Taft Drive earlier this month marks the latest in a series of high–end real estate transactions that appear to have shortchanged the documentary stamp taxes that help fund court systems in …

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Dow Jones stocks fall for a fourth straight day
www.oregonlive.com

Saks, the luxury retailer, reported a wider loss two weeks after agreeing to be bought by the Canadian retailer Hudson's Bay, the parent company of Lord & Taylor, for $2.4 billion. The retail sector got off to a dismal start last week after Wal-Mart …

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How Coach Purses Came to Symbolize Middle-Class Aspirations in China
www.theatlantic.com

Unlike Starbucks, or McDonald's, which had to contend with existing tastes for say, fatty pork or wedgy potatoes, the luxury clothing and accessories market in China was, until the 90's, a tabula rasa. So while conventional wisdom might have suggested …

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