Jews discuss Real Estate "Bargains" on Irish "Distressed Properties"

Started by CrackSmokeRepublican, October 30, 2011, 11:58:59 PM

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CrackSmokeRepublican

October 30, 2011, 11:58:59 PM
Already looks like Scamming Jews are trying Scope out "Bargains" on Irish Real Estate in light of the Irish Economic crisis (Jew fostered of course)... --CSR

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An Upside to a Down Market: European Vacation Homes
By Lewis Braham - Oct 27, 2011 1:44 PM ET   <$>


Enlarge image Glendalough, Ireland.

Source: Photograph by Getty Images

Riots in the streets, widespread labor unrest, and government leaders wringing their hands: Europe is a mess. But if you've ever dreamed of buying a pied-a-terre in Dublin or a villa in Spain, international real estate experts say now may be the time. In Ireland, housing prices have tumbled to 2002 levels; in Spain, prices are at 2003 levels. The U.S. dollar, meanwhile, has appreciated a bit, up 3.2 percent against the euro since Aug. 31, making it even cheaper for  :^)  Americans to buy in Europe.  <$>

You won't find similar bargains in such major cities as Paris and London, where prices remain as high as ever. Deals abound in smaller European markets, particularly in Portugal, Italy, Ireland, Greece, and Spain, because they form the epicenter of the financial crisis. There are also opportunities in Eastern Europe, where prices are off their 2007-08 peaks, anywhere from 15 percent in the Czech Republic to 64 percent in Latvia. Still, the opportunity, say real estate brokerage executives, is mainly for buy-and-hold investors, as housing prices in these markets won't likely recover for a long time.

No place quite captures both the distress and potential of European real estate better than Ireland. Due to overbuilding in the 1990s and today's banking crisis, housing prices are 42 percent off their 2007 peak, according to Ireland's Central Statistics Office. The average price per square meter of Ireland's residential property is about one-fourth that of the U.K., and the average Irish home costs less than €190,000 (US$261,000). "If you're looking for a good bargain, Ireland is absolutely the place to buy property," says William Soteroff.  <:^0   As executive vice-president for U.S. and international regional development at RE/MAX, Soteroff oversees more than  500 real estate brokerage offices in Europe. "It's very stable in the sense that there's no war, no pestilence, no political difficulties. It's pretty secure [in terms of crime]. It also has a great education system, and its root language is English."

Still, "there are reasons why properties are distressed," says Liam Bailey, head of residential research at Knight Frank, a London real estate brokerage and consulting firm. "It may be that the market is absolutely swamped with real estate stock and not going to recover for a long time. As an outsider coming into the market, it's so risky. You've got to get under the skin of the market and figure out why people are selling at a loss."
Buy, Then Lease

The best way to mitigate that risk is to buy a vacation property you can enjoy and lease it for the rest of the year, says Bailey. "If you say, 'I'm going to buy something because it's cheap, but I'm going to use it as a holiday home and get rental income when I'm not there,' suddenly as an investor you're in a much happier position, because you're getting real value from that property," he says. If you're buying somewhere you'd like to visit on holiday, it's probably an area with tourist demand, adding to the potential for rental income, Bailey adds.

Researching properties is much easier today. RE/MAX and Knight Frank have their own listings throughout Europe, but there are sites devoted to individual countries. MyHome.ie lists thousands of properties in Ireland. On that site, James Joyce lovers can find a two-bedroom pied-a-terre at 1 Newbridge Avenue in Dublin for €275,000, just four doors down from Paddy Dignam's house in Ulysses.

For those who prefer sunnier climes, Spanish property has also fallen dramatically, particularly vacation hot spots in the South's Costa del Sol region, where prices have dropped 31.4 percent from their 2007 peak, according to Tinsa, a Spanish property valuation firm. As in Ireland, overbuilding, the financial crisis, and a bit of scandal are the primary culprits.  "There was a huge crash in Spain because of a lot of overbuilding and fraud," says Michael Butler, chief executive of Midlan International Resort Realty, an Orlando broker for international property deals. "Spanish developers would build on land not properly zoned, sell the land, and later on, the regional government would come along and say, 'This is illegal. Bulldoze the homes now.' That caused a lack of credibility in the Spanish market.
Remember, Laws Vary

To avoid scams, Butler recommends buying older homes instead of new developments that could be in violation of zoning laws. Investors should also hire a reputable real estate broker as well as legal representation and get to know the neighborhood well before buying. Property laws can vary greatly from country to country, so hiring local experts is essential. In Yugoslavia, for instance, Butler once tried to purchase some commercial property—only to realize it was built during the Communist regime, in which titles and deeds didn't exist. Mortgages are also sometimes tougher to get in distressed countries than in the U.S., so be prepared to pay cash or borrow against your existing home.

If all this sounds like too much trouble, you can also get exposure to distressed European real estate via publicly traded European real estate stocks or mutual funds. "On average, European real estate stocks trade at a 20 percent discount to their underlying property values," says Peter Nieuwland, co-manager of the E.I.I. International Property Fund. Nieuwland's portfolio owns shares in such companies as Spain's Melia Hotels International (MEL:SM) or Italy's Immobiliare Grande Distribuzione (IGD:IM) , which he estimates trade for less than half their underlying property values.

A pure play on distressed European property is tough in the stock market, though. Melia Hotels, for instance, derives 25 percent of earnings from Spain and the rest from properties all over the world. What's more, the ownership experience is completely different. Nothing quite compares with kicking back in your own villa in Spain or walking the streets where James Joyce once lived.

(Lewis Braham is a freelance writer based in Pittsburgh.)

http://www.bloomberg.com/news/2011-10-2 ... homes.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#1
October 31, 2011, 12:01:50 AM
<:^0

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Randolph L. Braham


Randolph L. Braham is Distinguished Professor Emeritus of Political Science at the Graduate Center of the City University of New York. A specialist in comparative politics and the Holocaust, he also is Director of The Graduate Center's Rosenthal Institute for Holocaust Studies. He is the author, co-author, or editor of over 60 books and has written over 300 articles and essays, the vast majority dealing with the Holocaust in Hungary.

Biography

Born in Bucharest in 1922, Professor Braham was raised in Dej, a small rural town in Romanian-held Transylvania. In 1940 Hungary was allotted the northern part of Translyvania and less than four years later the Jews of Northern Transylvania were destroyed along with those of Hungary, excepting Budapest. Among those murdered were Professor Braham's parents and many other relatives.

He spent 1943-45 in a forced labor unit with the Hungarian and German armies in Ukraine and was later incarcerated in a Soviet POW camp. Shortly after the war he received his M.A. from The City College of New York, and his Ph.D. from the Graduate Faculty of The New School for Social Research.[1]

Braham served as a member of the Academic Committee of the U.S. Holocaust Memorial Museum, Washington, D.C., and as a special adviser for the Museum of Jewish Heritage, New York. His works were used as major source books by courts of law in various countries, including Canada, Germany, Israel, and the United States in cases involving restitution and war crimes.

His two-volume The Politics of Genocide: the Holocaust in Hungary won the 1981 Jewish National Book Award (USA), and earned him two citations in the Congressional Record. Among his other honors are the Order of Merit Officer's Cross of the Hungarian Republic (1995), the Pro Cultura Hungarica Award of the Hungarian Ministry of Culture (2002), and Officer Rank of the Order of the Star of Romania (2004). He returned his 2004 award in protest against the Romanian President's awarding the same award to a Rightist extremist.

In the 1998 Academy Award for Documentary Feature-winning film The Last Days Braham provided on-screen overviews of the Hungarian Holocaust.  <:^0

Selected works

    1963: The Destruction of Hungarian Jewry: a documentary account. 2 vols. New York: Pro Arte.
    1977: The Hungarian Labor Service System, 1939-1945. Distributed by Columbia University Press. ISBN 0914710249
    1981: see 1994
    1994: The Politics of Genocide: the Holocaust in Hungary; revised and enlarged edition. 2 vols. Boulder: Social Science Monographs; Distributed by Columbia University Press ISBN 0880332476 [Hungarian translation available.] (1st ed.: New York: Columbia University Press, 1981.)
    1997: A népirtás politikája. A Holocaust Magyarországon. 2 vols. [The Politics of Genocide: The Holocaust in Hungary]. Budapest: Belvárosi Könyvkiadó.
    2001: The Holocaust in Hungary: a selected and annotated bibliography, 1984-2000. Boulder: Social Science Monographs; Distributed by Columbia University Press ISBN 0880334819
    2007. A Magyarországi Holokauszt Földrajzi Enciklópédiája. 3 vols. [The Geographic Encyclopedia of the Holocaust in Hungary]. Budapest: Park Publishing.

    1997: (with Attila Pók) The Holocaust in Hungary: fifty years later. Distributed by Columbia University Press. ISBN 088033374X
    2007: (with Julia Bock) The Holocaust in Hungary: a selected and annotated bibliography, 2000-2007. [New York]: Rosenthal Institute for Holocaust Studies, Graduate Center/City University of New York; Boulder: Social Science Monographs ISBN 0880336285


http://en.wikipedia.org/wiki/Randolph_L._Braham
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#2
October 31, 2011, 12:15:53 AM
One of the earliest "Holohoax" works of propaganda (1963) that described the Sonderkommandos.

Most of it deals with "movements" of Jews to "Camps" for "Labor Battalions"... all cited in German between Vessenmeyer and Joachim Ribbentrop.  Only with the fakery around the Nuremberg Trials could these straightforward "deportation" documents really begin to "astonish"... and get put into a claim of "Destruction" in a grand "holohoax" fashion.

In fact, tales of attacks and robbery of Jews on Train stations are refuted in German reports. If you read German, this might be a very interesting book to read. --CSR

1963: The Destruction of Hungarian Jewry: a documentary account  <:^0
http://babel.hathitrust.org/cgi/pt?id=m ... x;orient=0


Vessenmeyer



Joachim Von RIbbentrop  



QuoteBecause Ribbentrop was a latecomer to the Nazi Party, the Alte Kämpfer (Old Fighters) of the party disliked him.[30] The British historian Laurence Rees described Ribbentrop as "...the Nazi almost all the other leading Nazis hated"[31] Typical of this hatred for Ribbentrop was the diary entry of Joseph Goebbels: "Von Ribbentrop bought his name, he married his money, and he swindled his way into office".[32] To compensate for this, Ribbentrop became a fanatical Nazi, almost to the point of becoming a caricature of a Nazi brought to life. In particular, Ribbentrop became a vociferous anti-Semite.[33]
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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