The next evolution in green building: Walls that suck up pollution

Posted in DESIGN

The facade of this hospital in Mexico City is made up of Prosolve370e, a type of tile whose shape and chemical coating can help neutralize smog. According to Fast Company, the wall can suck up the same amount of air pollution that would be produced by 8,750 passing cars each day.

So how does it work? In a nutshell, the tiles are coated with titanium dioxide, a pollution-fighting technology that is activated by UV light. When light hits the wall, a reaction is set off that reduces the surrounding air pollutants into harmless amounts of carbon dioxide and water.
The tile’s honeycomb-like design maximizes the smog-reducing reaction by slowing wind speeds and creating turbulence, which better distributes the pollutants across the wall’s active surface.
A helpful design with a pleasing look. Perhaps something cities like Toronto will want to consider as the summer approaches…

Counting the ways to invest in real estate

The most obvious way to invest in real estate is to buy property directly. For most people, this means buying a place, renting it out and selling it in the future.

Photograph by: Jakub Krechowicz , Fotolia.com

I run across many people who have become frustrated and disillusioned with investing in the stock market. After all, the 10-year period from 2000 to 2010 was one of the worst in history for stock markets around the world.
Given the low, single-digit returns common during that decade, many investors are looking at alternative investments such as real estate. Here are some different ways to invest in real estate
BUY PROPERTY
The most obvious way to invest in real estate is to buy property directly. For most people, this means buying a place, renting it out and selling it in the future.
Some people prefer to buy, renovate and flip property with no intention of renting it out. Some think big, preferring to invest in larger, commercial projects. Some pool resources with others by forming real estate investment groups. As you can see, there are many different ways to buy real estate directly.
REAL ESTATE SYNDICATION
Today, there are many opportunities to invest in syndicated real estate projects. In real estate syndication, a group leader (or syndicator) looks for projects and brings investors together to buy.
With syndication, sometimes investors own individual title and sometimes they own partial shares.
There are many variations of real estate syndication, so investors need to read the fine print before hopping on board. Legal arrangements are usually very complex and most investors I talk to don't really understand the mechanics of the investment.
With syndicated real estate, fees and commissions can also be high, so make sure you know who has the greatest opportunity to make money. (It's often the syndicator.)
REAL ESTATE FUNDS
There are a handful of real estate mutual funds out there. Only two - Great West Life Real Estate Fund and the Investors Group Real Property Fund - have a 10-year track record. Both are massive, with $3 to $4 billion in assets each.
In 2012, the GWL Real Estate fund made a strong return of 16.3 per cent. Over the past 25 years, this fund has given investors a 4.7-percent compound annual return and comes with some risk; it has lost money over a one-year period 27.7 per cent of the time.
Investors should pay attention to the management fees of these funds. They run around three per cent per year.
There can also be a liquidity concern with these funds; the Great West Life Real Estate Fund has had some periods where investors could not access their funds.
REAL ESTATE INVESTMENT TRUSTS (REITS)
A REIT is an entity that buys real property using invested money from the shareholders. A REIT trades on major stock exchanges just like any other stock.
One of the key characteristics of a REIT is that the REIT is encouraged to pay out all or most of the income and profits to the shareholders so the REIT itself does not pay tax. In other words, the dividends and distributions are taxable to the shareholders.
One of the biggest and most well known REITs in Canada is RioCan. RioCan invests in large retail shopping properties.
REAL ESTATE ETFS
Exchange Traded Funds (ETFs) have come a long way and Real Estate ETFs are a great way for investors to put a portion of their portfolio into real estate. The iShares S&P/ TSX Capped REIT Index is the biggest, oldest and most well known real estate ETF. Just like REITs and Real Estate Mutual Funds, investors can buy a portfolio of real estate properties without having to deal with the day-to-day management of owning property directly and dealing with tenants.
Real Estate ETFs are becoming more popular because the management fees are considerably lower than those of real estate mutual funds.
MY FIVE CENTS
This is not an exhaustive list but represents some of the most popular ways to invest in real estate. Remember to do your homework, watch the fine print, know the fees and costs and get help when needed.
I always caution investors away from chasing performance - it often leads to a losing strategy, not a winning one. That being said, having a portion of your portfolio in real estate can be a great diversification strategy.
Jim Yih is a financial expert. Visit his award-winning blog, RetireHappyBlog.ca

Homeownership 45% Cheaper Than Renting

Homeownership 45% Cheaper Than Renting, But Factors Vary

Considering record-low mortgage rates and tax deductions, homeownership is cheaper than renting over a seven-year time horizon in the 100 largest U.S. cities, according to Trulia’s summer 2012 update on renting versus buying.

 

Nationally, owning a home is 45 percent cheaper than renting. However, exact affordability is heavily dependent on location and other factors.

 

Buying a home is 24 percent cheaper than renting in Honolulu, 28 percent cheaper in San Francisco, and 31 percent cheaper in New York, but is 70 percent cheaper in Detroit, Trulia said.

Trulia looked at homes for sale and for rent on Trulia.com between June 1, 2012 and August 31, 2012. It compared the average cost of renting and owning for all homes on the market in a specific metro area, factoring in such items as transaction costs, taxes and opportunity costs.

 

Homeownership affordability is highest in Detroit, while lowest in Honolulu and San Francisco.

In Trulia’s study, cost of homeownership assumes that the home is sold after seven years and includes closing costs, maintenance, insurance, property taxes and other costs. Cost of renting includes security deposit and renters insurance.

 

Mortgage rates and time horizons are key in arriving at affordability.

In the New York metro area, for example, a 4.5 percent mortgage rate, combined with not itemizing one’s tax deductions and staying in a home for five years, will make homeownership 3 percent more expensive than renting.

 

Meanwhile, homeownership remains 40 percent cheaper than renting in Atlanta, even with the higher mortgage rate, not itemizing and shorter time horizon.

“For prospective homeowners who are unable to secure the best mortgage rates, fail to itemize their tax deductions or plan to stay in their next home fewer than seven years, the cost of homeownership relative to renting will be greater,” Trulia reports.

 

Source:  Trulia

Saint John Real Estate 2010 vs 2011

Here is a quick snap shot showing the 2010 sales in the four main areas in Greater Saint John compared to 2011 sales. 

Now that is a million dollar view!

Awesome Underwater Bedrooms

How would you like to sleep Under the Sea?

Poseidon Undersea Resort Fiji

Discover Saint John Video

I found this awesome video that was done by Hemmings House for the City of Saint John.  It is worth taking some time if you need a little help remembering everything our beautiful city has to offer or to share it's wonders.  Great job on the production!

The 4th Annual Pavilion Cup returns to Lily Lake!

www.pavilioncup.com

Last year, through the generous support of our many sponsors, we were able to allocate proceeds to offer 300 children from the Greater Saint John area a week-long camp experience - at no cost to them.   See below for a few of the pictures of our campers! We were also able to host a free movie night in the park at the Lily Lake Pavilion in the summer months. Hundreds of local residents enjoyed a free movie under the stars each week throughout the summer.