Archive for the ‘About Panama’ Category
The U.S. Real Estate Bubble: Are You Sitting on Top of It?
(PRWEB) July 22, 2005
“This is insane,” says website and newsletter publisher, Sydney Tremayne, of house prices on both U.S. coasts. “Those modest three-bedroom homes selling for $ 1 million should probably be priced at $ 100,000,” the former investment advisor, now living in Panama, suggests.
He says homes are at outrageous prices because the Fed has been stimulating the economy for so long with cheap interest rates. Result: people have borrowed at bargain-basement interest rates, and spent. Credit cards are maxed out, and there is heavy secondary financing against the increased equity in these homes. Some of that equity, he says, has been used to speculate on other homes, forcing prices higher.
“But what happens when the U.S. enters the next recession or depression? When the economy contracts and people start to lose jobs? When buying dries up and homeowners can’t meet their mortgage payments, especially if they have adjustable rate mortgages? When bankruptcy levels rise to historic proportions, putting more companies out of business?”
Tremayne, whose 1987 book Take the Guessing out of Investing was a bestseller, says much of the wealth of private America is in its homes, not in other forms of investment or cash. High real estate values have led to a feeling of wellbeing and to some extent of complacency. With inflated-value assets, increased credit has been easy to obtain, and that borrowed money has mostly gone into consumables.
“When the economy contracts (and history shows it always does), spending dries up. Factories cut back production. People are laid off, put on reduced hours, overtime disappears, and the average person has less money to spend. Some of the early ones may be lucky enough to sell their homes without too much of a discount. But the real estate bubble will burst. Make no mistake about it. Record numbers of people will simply walk away empty-handed from a lifetime effort to keep a roof over their heads. And they will still owe money.”
But, he adds, when a $ 100,000 home can be sold for $ 1 million, especially in a region prone to hurricanes that are forecast to increase in intensity over the next few years, some people may now want to consider their financial options carefully.
Get away from ownership, he recommends, even if that means renting.
Why, he asks, is a modest three-bedroom house now worth $ 1 million in certain markets when the same house, with the same degree of comfort and convenience, can be had for $ 50,000 to $ 100,000 in Panama? “And this Panamanian house will be constructed in concrete, not wood, in a country that is modern, democratic, safe, and where there are no hurricanes.”
His recommendation for those able to move: Sell your $ 1 million home, and retire to Panama. “You can buy a better property than the one you now own, and you still have $ 800,000 to add to your retirement savings.”
There is no tax on foreign income in Panama, and the U.S. does not tax the first $ 80,000 of income made overseas ($ 160,000 per couple). The IRS even lets you deduct the interest portion of your mortgage payments in accordance with your tax bracket.
Tremayne, publisher of http://www.yourpanama.com, says Panama is an attractive place in which to live in any economic climate. The economy is not an industrial one, and that will shield it from the worst aspects of a global depression. Coincidentally, he adds, Panama real estate is an excellent investment decision.
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Destin, Florida Realtor Tracy Sweetland Launches Interactive Website
Destin, Florida Realtor Tracy Sweetland Launches Interactive Website
Destin, FL (PRWEB) November 2, 2010
Destin, FL Realtor Tracy Sweetland recently launched her new interactive website that presents the best of what the Destin, Florida real estate market has to offer. Designed as a one-stop resource for Destin, FL Condos and other choice properties throughout the Destin, Santa Rosa Beach, and Fort Walton Beach areas, TracySweetland.com offers homebuyers options for luxury living at its finest.
Nestled on a peninsula in Okaloosa County and bordered by Choctawatchee Bay and the Gulf of Mexico, Destin is a beach-lover’s dream. “We have some of the whitest sand and most pristine waters in the region,” says Sweetland. “Destin’s close proximity to several key cities like Fort Walton Beach, Panama City, and Pensacola, plus its myriad attractions and recreational opportunities, has made this resort town popular with homebuyers, particularly those looking for Destin luxury real estate.”
TracySweetland.com makes it all easy for visitors when it comes to finding the properties they want. Extensive listings of Sweetland’s current property offerings can be browsed, and if more specific choices are preferred, a search tool is available that lets prospective buyers look for homes by city, price range, or other selectable options.
The site also has useful articles and step-by-step roadmaps for buyers and sellers, plus contact information directories of many of the area’s service providers. Profiles of most of Destin’s communities and neighborhoods are also included, as well as an online mortgage calculator and a constantly updated real estate newsfeed.
A resident of Destin, Tracy Sweetland is a seasoned real estate professional with a wide range of real estate services, and is affiliated with the renowned Coldwell Banker Previews International program, providing her with the tools to assist you in buying or selling your luxury property. In addition, she has helped relocate a multitude of military families who work in the nearby bases. “I’ve worked with people of all ages and backgrounds, but with each transaction I’ve handled, one thing has remained constant, and that’s to always provide my clients with the best service possible,” she says.
For more information, visit http://www.TracySweetland.com or get in touch directly with Tracy Sweetland today.
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Earthrace, the Eco-friendly Trimaran, Visits New York’s Green Neighborhood, Battery Park City
New York, New York (PRWEB) November 19, 2006
Earthrace, Ltd., the charitable organization run by volunteers, steers the eco-friendly boat with the same name to North Cove Yacht Harbor where it has been open to the public since Friday, November 17. It is fitting that this extraordinary vessel is on display in Battery Park City, a green neighborhood that “leads the way in setting standards for healthy and sustainable environments.”
Renowned New Zealand navel architects Craig Loomes Design Group designed Earthrace. Calibre Boats, a builder of high-tech custom yachts, built the attention grabbing trimaran, or multi-hulled boat. To ensure the lowest weight and highest strength possible, the hull construction is carbon fiber and Kevlar.
Earthrace’s design is a showcase for environmentally friendly technologies provided by sponsors Cummins Mercruiser Diesel (CMD) and Better Biodiesel (BBD). CMD provided two standard engines that power the boat using only 100% biodiesel fuel provided BBD. Even the paint used for the boat is a natural, non-toxic wax.
Earthrace will be open for tours through 5:00 p.m., Sunday, November 19. Her crew invites the media and public to stop by to tour the boat and learn more about their 18-month promotional tour of 60 cities and plans to set a new UIM (Union International Motonautique) powerboat record for circling the globe before she leaves Manhattan on her way to Philadelphia.
For more information on Earthrace, to make a donation or sponsor Earthrace, or to track the voyage, please e-mail Devann Yatta or visit http://www.earthrace.net.
About Earthrace
The Earthrace mission is to raise awareness about environmentally friendly, sustainable fuels and to be the world’s first UIM powerboat to attempt to break the record for an equatorial circumnavigation via the Panama and Suez canals using only alternative fuels.
About the Team
There are six Earthrace crewmembers. They left their families and careers to make a global impact by raising awareness about alternative fuel sources:
Pete Bethune, 41, from Auckland, New Zealand, is the founder of Earthrace, Ltd. and captain of Earthrace. Pete and his wife Sharyn invested their life savings and mortgaged their home three times for this dream.
Torsten Sandmark, 19, from Dunedin, New Zealand, is a boat crewmember with a background in commercial fishing. (He is leaving the crew in New York City to return to New Zealand).
Ryan Heron, 23, from New Zealand, is filming and documenting the voyage.
Mike Schimann, 26, from Vancouver, Canada, is a boat crewmember with a background in logging and heavy machinery.
John Allen, 40, from New Zealand is ground crew and oversees all marketing and sponsorships.
Devann Yata, 23, from Oceanside, California is ground crew as well as the media liaison.
Contact:
Devann Yata, Media Liason
Phone: (760) 685-3763
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