Real Estate Newsletter
At Ashoka Lion, we aim to assist investors and professionals to keep up with news and development in the industry both locally and nationally. Please subscribe to our newsletter, and we will email the HTML Newsletter to you on a monthly basis. We hope you find it useful in your investing.
Note: Real Estate Professionals looking to use our newsletter can contact us and we will work to set up a co-branded news letter. We will include your logo, contact information, and bio for you to present to your client with our newsletter. All we ask is that you remember us for your property management needs and LET THE LION HELP. |
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REAL ESTATE UPDATE
JULY 2007 |
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Tollway congestion pricing idea not dead yet |
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Coming Soon! |
To reduce the nasty traffic on the tollways, a proposal has been made to impose congestion toll pricing on drivers. This proposal, called congestion pricing, planned for the toll on Westpark Tollway to increase from $1 to $2.50 during the hours of rush hour (three hours in the morning and three hours in the evening). So far, this proposal has been squashed by the public; however, according to County Commissioner Steve Radack, “…ultimately there will be customers who contact us, asking for congestion pricing.” If congestion pricing is implemented, coupled with the rising gas prices, people who live out of the loop will find it too expensive to commute to work. They may decide to live within the loop; which will in turn increase developments around the area.
http://www.chron.com |
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Ashoka Lion Consulting is offering New Real Estate Classes through Leisure Learning on July 28th from 9:30 a.m. to 12:30 p.m. It is called “The A to Z of investing in Real Estate.”
Please visit our website: http://www.ashokalion.com
and click on the dates to register. |
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Real estate guru 'in a pickle' |
Mortgage Rates as June 2007 |
The “Illinois Land Trust,” is a tactic that is commonly taught at real estate seminars; it allows for investors to buy with no money down and sellers to avoid foreclosure without having to deal with the lenders. This benefits both parties, but as seen by the recent felony charges on J. Michael Ledman, it may not always work. Land trusts are only recognized in a few states, but some avoid using it because there may be a chance of it failing if one party does not follow through. Ledman, the successful real estate guru and one of the forerunners of the quintessential get rich quick real estate schemes, is accused deceiving an old woman, Smolec, to sign away the title to her home. This case sends a word of caution to all investors: do not trust all that is out there
http://www.chron.com |
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Today |
Last Week |
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30 yr fixed |
6.30% |
6.25% |
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15 yr fixed |
6.01% |
5.94% |
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5/1 Arm |
5.96% |
5.92% |
Rates as of 07/12/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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Planner takes new look at urban living |
- Residential, Multifamily, Commercial
- Coordinate Leasing/ Marketing
- Tenant Screening and Management
- Rent Collection
- Coordinate with contractors and repair service people
- Monthly Reporting Packages
When managing your property becomes difficult or tedious, then LET THE LION HELP!
We let investors focus on making the deal and bringing in the money!!!
If you would like to update rates or use our links
to financial calculators, or learn more about us visit:
www.ashokalion.com
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Andres Duany, a prominent architect of Duany Plater-Zyberk & Co., is taking Houston to the next level by bringing the “New Urbanism” movement to town. His plans features a mix of retail and residential properties, making it more walkable by putting homes closer to shops and offices, juxtaposed to parks and other green spaces. So far he has three projects: “A transit-oriented development at the southern end of Metro's light rail line, a mixed-use development on a Superfund site in the Fifth Ward northeast of downtown, and a mostly residential project on a pasture in northwest Houston.” These projects have much potential, and may be a model for many other similar developments in Houston. Not only could this development relieve Houstonians of the high cost of transportation by decreasing automobile use and congestion; it also promotes a healthier lifestyle that may draw plenty of young professionals to the inner city. With his plans, Houston may move from an automobile laden, suburban model to a highly urbanized city, ready to compete with cities such as Shanghai or New York.
http://www.chron.com/ |
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