How Covid Has Impacted The Real Estate Industry

Deniz Turkbas * - With the new year, comes new hopes and new aspirations. However, with Covid still in the midst, it is hard to tell how our hopes and aspirations will come to fruition. For those whose hopes and aspirations revolve around real estate, some may be happier than others. Covid has affected some positively and some negatively.  Although the tell tale rule seems be holding true, in real estate, it’s all about location, location, location. Ironically, Covid has changed what we consider a desirable location. When Covid began in March 2020, we all locked ourselves in our homes and we distanced ourselves from friends, family, coworkers and, well, basically everyone. Now, the four walls you lived in became your whole world. Your desirable location became questionable depending on the size of your living quarters. It’s desirable to live in a city where you can go out to eat and frequent Broadway shows. But as the pandemic caused social distancing, New York City restaurants were not allowed to serve people inside. During the summer months, this was not so terrible, as any resilient New Yorker, we all adapted to our new normal. But still many restaurants were unable to survive. We saw iconic restaurants close, such as the 21 Club. Founded in 1930, the 21 Club, known for its jockeys lined up in front, has hosted very president since Franklin Delano Roosevelt, aside from George W. Bush, and its secret wine cellar was home to the private collections of celebrities and presidents including Elizabeth Taylor, Sophia Loren, and Richard Nixon, according to AMNY. Broadway shows closed. Needless to say, many establishment owners’ hopes and aspirations were hit hard with Covid.

Supporting the Hospitable People of Turkey and Refugees Living There

6.8 magnitude earthquake rocks Turkey. Islamic Relief staff in Turkey alerted us to a powerful 6.8 magnitude earthquake that struck the Elazig province just hours ago. Latest reports share that more than 1,000 people have been injured and at least 22 people were killed -- many of them as they were trying to escape collapsing buildings.

Undocumented Students Generated Up to $132 Million in Relief to Colleges—But They Won’t Receive a Dime From the Stimulus

By Viviann Anguiano - Maya is an undocumented student activist enrolled at the University of California Los Angeles (UCLA) as a sociology and labor studies major. Her parents are undocumented and have lost their jobs due to shutdowns caused by the coronavirus pandemic. While Maya’s family’s unexpected struggles resemble many families’ across the country right now, her family is not eligible to receive the stimulus checks that the U.S. government is disbursing as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Maya recently paid her family’s rent with the money she received from a private $1,000 scholarship.

Meet The Richest People In America

By Kerry A. Dolan and Luisa Kroll - Forbes - It was another record year for the wealthiest people in America, as the price of admission to the country’s most exclusive club jumped nearly 18%. The minimum net worth to make The Forbes 400 list of richest Americans is now a record $2 billion, up from $1.7 billion a year ago. The group’s total net worth climbed to $2.7 trillion, up from $2.4 trillion, and the average net worth rose to $6.7 billion, up from $6 billion. 

Turks View U.S. As Number One Threat: Survey

ANKARA, July 25 (Xinhua) -- Turkish people perceive the United States as the number one country that poses threat to Turkey, while regarding Azerbaijan as Turkey's closest friend, according to local research. About 66.5 percent of Turkish people think that the U.S. is the "biggest threat" among foreign countries, the research, conducted by Center for Turkey Studies in Kadir Has University on June, said. Israel follows with 37. 4 percent and EU member states come in the third row with 24 percent, according to the survey.

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Foreign Buyers Are Snapping Up More American Real Estate Than Ever

One market’s loss, is another market’s gain. Countries like Canada, the United Kingdom, Australia, and New Zealand are starting to see foreign buying tapering. However, the United States is starting to see a surge in foreign buying according to the National Association of Realtors (NAR). These numbers are showing explosive growth in both the transactions, and dollar volume.

The Number of Turkish People with Anti-American Sentiments Has Increased by 28 Percent

The number of Turkish people with anti-American sentiments has increased by 28 percent in just three years, a BBC poll showed on Wednesday. Experts have claimed that the U.S.'s stance on the Gülenist Terror Group (FETÖ) and the PKK's Syrian affiliate, the People's Protection Units (YPG), in particular have been the triggering factors for the increasing bad feeling. According to the poll conducted by GlobalScan and the Program for Public Consultation (PPC) for the British broadcaster, the ratio of Turks that view the United States negatively stands at 64 percent, compared to 36 percent in 2014.

Coca-Cola Explores Energy Drink Bolt-On

Image On Monday, April 30, the Wall Street Journal broke a story reporting that Coca-Cola (KO) was in discussions to purchase energy drinks company Monster (MNST). Monster's share price swelled 20% on the news - its market cap popping up $2 billion to roughly $13 billion - but Coca-Cola ultimately decided to walk away from the deal. Coca-Cola CEO Muhtar Kent said late Monday that, "at this time," the company is not in talks to buy Monster. Monster's share price fell back to its pre-news market cap of around $11 billion.
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