Real Estate - McGraw-Hill Introduction to Business

Hurricane Ian Upends Florida’s Real Estate Market

October 14, 2022

Last month, Hurricane Ian devastated communities across the state of Florida, leading to more than 100 deaths and billions of dollars in damage. According to the catastrophe modeling firm RMS, privately insured losses are expected to reach as high as $67 million, making Ian second only to Hurricane Katrina in terms of economic destruction. Unlike previous storms like Katrina and Hurricane Andrew, however, today’s scientists blame climate change for the increasing regularity of severe weather events. That means experts see Continue reading →

Insurance, Natural Disasters, Risk Management, Hurricanes, Global, Florida, Real Estate, Climate change

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Bonus Chapter C: Managing Risk

[VIDEO] Why China’s Evergrande Has Global Markets on Edge

October 8, 2021

NickelsMcHughMcHugh

For weeks, stock markets across the globe have become increasingly volatile as investors await the fate of Evergrande, an enormous Chinese real estate company with more than $300 billion in debt. Analysts predict that the property developer will not be able to pay back what it owes, which would likely have damaging ripple effects across the global economy. The video below looks at Evergrande’s current debt debacle and the possible ways that this situation could be resolved.

Questions:

Why are Continue reading →

Economics, China, Global, Ethics, Corporate bailouts, Real Estate, Stock markets, Debt crisis, Credit crunch

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 5: Forms of Business Ownership, Chapter 18: Financial Management, Chapter 19: Securities Markets, Videos

[VIDEO] Why Affordable Houses Are Hard to Find These Days

August 27, 2021

NickelsMcHughMcHugh

Across the country housing prices are skyrocketing to record highs, effectively pricing millions of people out of buying their first homes. This video looks at how this lack of supply in the face of soaring demand can be attributed partly to American zoning laws, which can have the cumulative effect of raising housing costs for everybody.

Questions:

How have American zoning laws contributed to the current lack of affordable starter homes?
Do you think zoning laws against multi-family housing Continue reading →

Real Estate, Product Development, Demographics, Product Distribution, Supply & Demand, Ethics, Housing

Chapter 2: Economics, Chapter 3: Globalization, Chapter 14: Product and Price, Chapter 15: Distribution, Videos

More than 40 Percent of Renters Are at Risk of Eviction

July 28, 2020

NickelsMcHughMcHugh

Last Friday, a federal moratorium on evictions for tenants in government-assisted housing expired. With eviction moratoriums in many states also at an end, experts fear that millions of Americans could be kicked out of their homes in the coming months. According to one estimate, as many as 40 million people could be evicted during the pandemic. “It’s like nothing we’ve ever seen,” said John Pollock of the National Coalition for a Civil Right to Counsel.

Mass unemployment as a result Continue reading →

Real Estate, Health, Legal, Economics, Coronavirus, Ethics, Human Resources

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Bonus Chapter A: Business Law

Nearly a Third of Renters Have Not Paid This Month’s Rent

April 9, 2020

NickelsMcHughMcHugh

This morning, the U.S. Department of Labor announced that another 6.6 million Americans filed for unemployment benefits last week. All told, almost 17 million people have applied for jobless aid in the past three weeks, accounting for 10 percent of the U.S. labor force. The sudden loss of so many jobs is staggering and unprecedented. For comparison, it took two years for 8.6 million people to lose their jobs during the Great Recession. Many analysts predict that the unemployment rate Continue reading →

Economics, Ethics, Regulation, Human Resources, Health, Real Estate, Coronavirus, Labor Relations, Unemployment

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law

The Marketing Power of Tiny Houses

December 12, 2017

NickelsMcHughMcHugh

While many people dream of owning a big house with lots of room to move, others aren’t looking to take up too much space. Luckily for these modest home seekers, so-called “tiny houses” have become increasingly popular in recent years. Approximately 10,000 Americans currently live in these affordable and environmentally sustainable abodes that eliminate unneeded space. What’s more, at least 50 companies have popped up in the U.S. that construct tiny houses in all sorts of styles. But even with Continue reading →

Clothing, Product Development, Marketing, Promotions, Real Estate, Tiny Houses

Chapter 1: Taking Risks and Making Profits, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

Vancouver Places Tax on Foreign Home Buyers

August 4, 2016

NickelsMcHughMcHugh

In North America’s biggest cities, skyrocketing property values have led to a surge of home purchases from wealthy foreign buyers. But while this real estate boom is a blessing for savvy investors, locals looking to buy a home are increasingly confronted with an inaccessible market. For instance, the average cost of a detached house in British Columbia, Canada, rose to $1.2 million in June, representing a 39 percent increase from the year before. “There is evidence now that suggests that Continue reading →

Foreign Home Ownership, Global, Ethics, Real Estate, Canada, Vancouver

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 14: Product and Price, Bonus Chapter A: Business Law

Using Tech to Choose a Business Location

October 19, 2014

NickelsMcHughMcHugh

Even in this increasingly Internet-enabled world, the old maxim “Location, location, location” rings as true as ever. After all, a strong Web presence can only do so much for service companies like restaurants and auto shops. In order for a business to operate at its full potential, the company needs to be located in a place that is not only easily accessible to its target market, but also free of too many direct competitors.

As many frustrated businesspeople can Continue reading →

Entrepreneurship, PinPoint, Real Estate, Innovation, Data Mining, Location

Chapter 1: Taking Risks and Making Profits, Chapter 5: Forms of Business Ownership, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

Non-Traditional Lenders Fund Risky Ventures

October 11, 2014

NickelsMcHughMcHugh

During the recession that began in 2008, traditional banks became wary about awarding risky loans. Not only had bad deals come back to hurt many institutions, but also new regulations required many banks to increase their capital reserves. With less money to lend, banks largely stopped financing risky endeavors like commercial real estate and small business loans.

To fill this void in the market, non-traditional lenders like real estate investment trusts (REITs) and online outlets increased their presence. Fueled by Continue reading →

Real Estate, Banking, Finance, Venture Capital

Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 18: Financial Management, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media, Bonus Chapter C: Managing Risk

Crowdsourcing Real Estate with Popularise

February 15, 2013

NickelsMcHughMcHugh

Even in this increasingly web-based world, the old saying, “Location, location, location,” still means something. As many long-dormant urban areas become revitalized, companies are squaring off to snap up space. Developers in Washington, D.C., have figured out a way to harness social media to determine the tenants of these valuable new properties. Called Popularise, this new startup allows citizens to vote online for the businesses they’d like to see in their community.

According to Popularise founders Ben and Dan Miller, Continue reading →

Crowdsourcing, Social Media, Real Estate, Popularise, Location

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 14: Product and Price, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media