Monday, August 25, 2008
This legislation creates a financial tool to allow new growth to more expediently pay for itself through the creation of Comunity Infrastructure Districts (CIDs). A CID allows the formation of a taxing district comprised of the boundries of a new development.
| Posted by Gail Heist at 10:06 AM |
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Monday, August 18, 2008
This piece of legislation changes the size of real property that is eligible to be financed with a deed of trust in Idaho from forty acres to eighty acres, and clarifies the 80 acre limit. House Bill 491 should increase lending options for certain properties between 40 and 80 acres in Idaho.
| Posted by Gail Heist at 9:06 AM |
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Tuesday, August 12, 2008
There was a second piece of legislation (House Bill 465) that was passed by the Idaho Legislature that went into law on July 1, 2008. This legislation amends provisions of the Local Land Use Planning Act which includes certain group homes for the handicapped within the definition of "single family dwelling." Under the Act such homes may be established without any permits, variances or other restrictions that would not otherwise be imposed on a single family dwelling. The state provisions are an offshoot of the federal Fair Housing Act. In 1988, the Fair Housing Act was amended to include those suffering from drug and alcohol addiction within the definition of handicapped. In reliance on the Fair Housing Act group homes for drug and alcohol addicts have appeared in increasing numbers in family neighborhoods. Residents in these homes are often convicted felons still under the supervision of the Department of Corrections, or registered sex offenders.
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| Posted by Gail Heist at 7:56 AM |
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Friday, August 08, 2008
There is another piece of legislation that was passed by the Idaho Legislature that went into law on July 1, 2008. Transitional housing is a relatively new and expanding market in Idaho. Transitional housing is primarily a commercial for profit venture. Transitional houses have been moving into residential neighborhoods across the state because of any regulations.
There appears to be a strong economic incentive to buy residential property, convert it to a commercial transitional house, and move paroled criminals into residential neighborhoods. As you can imagine, this practice has caused significant concern on the behalf of existing residents, many of whom had no notice of, and no ability to have any impact on, a commercial use moving into their neighborhood. There has also been significant disruption to local real estate markets caused by the unregulated locations of transitional homes.
Idaho law was silent regarding local governments ability ...
| Posted by Gail Heist at 8:24 AM |
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Saturday, August 02, 2008
The Idaho Legislature passed some interesting piece of legislation this last session that went into law on July 1, 2008. The legislation I am going to discuss should help the consumers that are having a problem with foreclosure. There is a group of persons and businesses that are engaging in business practices that defraud innocent homeowners.
| Posted by Gail Heist at 8:50 AM |
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Friday, August 01, 2008
One of the most useful economic decision-making tools for commercial real estate users and investors is discounted cash flow analysis. The first step in the DCF process is to reduce each alternative being analyzed to the amounts and timing of all the cash flows. Once each of the alternatives has been reduced, the net present value can be calculated. The analysis can be done on a before- or after-tax basis. This article focuses only on the applications of the NPV function, which is a key consideration for determining users occupancy costs.
| Posted by Gail Heist at 4:47 PM |
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Friday, July 25, 2008
GlobeSt.com and its parent, Real Estate Media Network, hosted "The U.S. Economy Crisis and Cures," an economic briefing today with top economists from Ernst & Young, Moody's, the Federal Reserve Bank of San Francisco, CB Richard Ellis and Marcus & Millichap to discuss the current economy and its impact on the commercial real estate industry. Following are highlights of the presentation:
The general consensus is that we are experiencing a crisis in confidence, not a crisis in market fundamentals. The numbers indicate a mild downturn, not a recession.
The economy has been steadily contracting since December 2007, with housing and the financial sector the leading indicators.
Though we haven't yet met the definition for a recession (two consecutive quarters of negative GDP), the overall impression is that of a slowdown, impacting nearly all sectors
The downturn is in line with expectations and less severe than previo...
| Posted by Gail Heist at 2:53 PM |
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Tuesday, July 22, 2008
A review of Cap Rates and how they are calculated.
| Posted by Gail Heist at 9:23 PM |
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