Property Owner

Neighborhood: Berry Creek MLS Number: 8406534 1,908 sq ft (per builder), 3 beds, 2 baths Lot size: 13,721 sq ft (.31 acres)

Sweeping views of Berry Creek Golf Course and water features. Beautiful custom home with arches, high ceilings, art niches, wood flooring, granite countertops, custom lighting, columns, large windows, tons of storage, closets and linen closets. Huge family room highlighted with wood burning fireplace, fan, wood floors. Open to the formal dining area. Kitchen has built-in microwave, range, pantry, granite, stainless steel appliances, breakfast bar, separate breakfast area.

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Well, just core real estate, actually.  I couldn’t resist the catchier headline.

It’s all the rage, this “core” real estate.  In a post finical blow-up world, prudence is en vogue for asset managers of all types.  Sure, there are the cowboys out there chasing CRM and NFLX up and down the charts.  For the most part, however, I’m hearing responsible people focus more on capital preservation rather than capital gains.  What better way to do that, than with core real estate holdings?

What is core real estate?  Generically, it means assets way down on the risk-reward spectrum.  Core is the real estate equivalent of mega-cap blue chip stocks.  The financial thread that binds is a thought:  it’s not sexy, but you wont get killed.

I largely support both the idea and what appears to be a trend in investing.  For the vast majority of people, capital preservation is a far more realistic goal than “making money” via speculation.  Most people  – and their

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One of the major drawbacks to actually converting dollars into Chinese Yuan, is trying to get the dollars back.  The currency trades “on shore” in China, but outsiders cannot freely buy USD and sell CNY (at least on an industrial scale); traders call this the “righthand side” of the pair (the offer side of the bid/offer for USD/CNY trading; i.e. buying USD and selling CNY).  According to Bloomberg, traders are now betting the PBOC will open up the righthand side of the pair, thereby making the currency fully convertible in 2016.  This sentiment, along with recent Yuan appreciation, has begun to put pressure on commodity prices.  Needless to s

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J.P. Morgan Chase & Co. (JPM-PP), for example, “has about $5 billion of loans in the pipeline, about $1 billion of which is new construction.” Likewise, Wells Fargo (WFC)  “has been one of the first banks to venture back”, thanks in large part to their acquisition of a traditionally strong player in the market (Wachovia). Others, however, are taking a wait-and-see approach ( Bank of America, SunTrust and KeyCorp) with one eye likely still focused on the view mirror. While the author makes only a passing mention of such divergent strategies–perhaps to allow the reader to glean for themselves the full impact of these decisions (too much credit??)–I found this to be particularly important.

In other words, can the decisions of Bank of America, SunTrust, et al. be interprete

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