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Wednesday, October 14, 2015

Barclays: Housing market is worse

Barclays: Housing market is worse - Business Insider: The comeback of the US housing market has been one of the most bullish themes of the post-financial-crisis era.

And for the bulls, it continues�to be�a bright spot�in an otherwise slowing US economy in a slowing global economy.

But in a chilling 88-page industry note, Barclays analyst Stephen Kim�warns that the bullish tale spun by his peers is more of a fairy tale.

"At this point, it has become hard to overlook housing’s dismally slow pace of recovery," Kim wrote.

$900,000 Homes in Mississippi, Pennsylvania and Ohio


RED BANKS, MISS.

HOW MUCH: $898,500
SIZE: Approximately 3,000 square feet in the main house
http://www.nytimes.com/2015/10/15/realestate/900000-dollare-homes-in-red-bank-mississippi-villanova-pennsylvania-and-dublin-ohio.html?_r=0

Salter: Mississippi gaming tax revenues on skids

Salter: Mississippi gaming tax revenues on skids: How times have changed. Back in 2007, casino gaming was a $2.89 billion industry in Mississippi. The most recent complete year of earnings saw that number shrink to $2.06 billion.
More to the point, Mississippi took in some $344.58 million in gaming tax revenues in Fiscal Year 2008. By FY 2015, that number had dropped to $250.18 million in FY 2015.
So are the best years for Mississippi’s gaming industry now behind it? Perhaps. After a little over 23 years since the casino gaming experiment began in Mississippi, a number of influences including recession, high gas prices, regional competition and technological changes like online gaming have conspired to squeeze the industry into something different than its pre-recession incarnation.

Britney Spears Buys Sherman Oaks Estate For $7.4 Million | POPSUGAR Home

Britney Spears Buys Sherman Oaks Estate For $7.4 Million | POPSUGAR Home: Oops, Britney did it again! The pop star, who has hopped from house to house around LA over the last decade, has reportedly just closed on a sprawling Italian villa in Sherman Oaks. The five-bedroom, seven-and-a-half-bath main residence is over 13,000 square-feet and sits on 20 picturesque acres. It comes equipped with every possible amenity, from a golf course to tennis courts to a massive wine cellar. With its resort-like vibe, it's easy to mistake the private home for a five-star hotel.

The Femme Fatale singer dropped a cool $7.4 million on the mansion — small change for Brit, who's now making a reported $475,000 a show during her Las Vegas residency.

Charter-School Movement Grows—for Real-Estate Investors - WSJ

Charter-School Movement Grows—for Real-Estate Investors - WSJ: Real-estate investors are showing an increasing interest in charter school development as the demand grows for classroom seats and some state and local governments become more willing to help finance charter-school projects.

Almost all charter schools are operated by nonprofit organizations. But these groups often rent and buy their buildings from private real-estate developers, and that is creating a new niche asset for some investors.