Texas Coast Living
Follow
17.6K views | +4 today
Texas Coast Living
Life on the Texas Gulf Coast
Curated by Michael Stuart
Your new post is loading...
Your new post is loading...
Scooped by Michael Stuart
Scoop.it!

Beach restoration to begin in Galveston

Beach restoration to begin in Galveston | Texas Coast Living | Scoop.it
About 118,000 cubic yards of sand will also provide a new beach for the private Seascape Condominiums that sit between the park and the end of the seawall, which was built after the catastrophic 1900 hurricane to protect the city from future major...
more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Magnetic sideways-moving elevators would revolutionize coastal cities too

Magnetic sideways-moving elevators would revolutionize coastal cities too | Texas Coast Living | Scoop.it
As more and more flock to cities, a radical new technology is set to dramatically alter the elevator for the first time in 150 years.
Michael Stuart's insight:

The German manufacturer ThyssenKrupp seems to believe the answer to both questions is no. It has developed the MULTI, an elevator system that moves up, down and sideways, and operates on maglev (short for “magnetic levitation”), which is cable-free and almost frictionless.


Today’s levers and pulleys, its wheezing hydraulics and rusted gears, have gone the way of the horse and buggy.


http://urbanful.org/wp-content/uploads/2014/12/MULTI-elevator.jpg

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Why Your Team Needs YOU to Take a Summer Vacation

Why Your Team Needs YOU to Take a Summer Vacation | Texas Coast Living | Scoop.it

In today’s always on world, entrepreneurs often struggle with how to really unplug and step away. Not only can it be difficult to keep up day-to-day work-life balance but leaders also wrestle with deciding if, when, or how to take a vacation and step away from the office for an extended period.

Cinnamon Shore Port Aransas Texas

If you are on the fence about taking a vacation here are three questions to ask yourself.Is your perspective tank full? If you never step away from the office and the day-to-day challenges you are trying to solve, you miss out on replenishing one of the most vital fuels for business success: perspective.  You will find that the guidance and leadership you provide is clearer, more precise, and more actionable when you get back.

How deep is your bench? When you step away and take a vacation you create a empoweredn opportunity for others to step up. Who can you really rely on? You will find that people  and their confidence will go up. You may find that people are willing to step up and take on new challenges when before they would have not. You will also find that team members learn more when they work to solve problems in your absence.

Are you a corporate athlete? Real athletes have the same DNA. They also have one thing in common: They all take breaks during the game.  Whether it is an inspiring kickoff you give upon your return or a better understanding of the goals ahead, your team will thrive on your passion. Your renewed perspective is contagious, and it will arm the team with the energy they need to take on the last months of the year with passion and dedication.

The Texas coast has some of the most affordable beach home vacations in the country with any large homes that can accommodate your entire team.

Source: Why Your Team Needs YOU to Take a Summer Vacation

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

The Texas coast travel and tourism industry

The Texas coast travel and tourism industry | Texas Coast Living | Scoop.it

David Teel, President and CEO of the Texas Travel Industry Association (TTIA). TTIA represents an array of travel and tourism-related business in our state, including hotels, airlines, attractions, campgrounds, convention and visitor bureaus, advertising firms, restaurants, travel agencies and tour operators.

Mr. Teel shared his thoughts on the current state of the travel and tourism industry and its importance to the Texas economy.

What are some of the new destinations and travel hot spots here in Texas that are keeping the industry growing?

David Teel: This year in particular, 2012, has been one of the most robust years in my days in this industry that I’ve seen. We had the new Pleasure Pier come on-line down on the seawall in Galveston.

It’s really a kind of throwback to the old boardwalk kind of experience. And it’s on the site of what used to be the old historic Flagship Hotel. So the foundation is still there and what was unique about that was that in its day the Flagship was, I think, the only hotel, at least in this country, that was built over water. Of course, the last hurricane down there kind of did away with that, but Landry’s moved in and refurbished that … The Pleasure Pier has been going great. It’s been very popular there and it’s added a new dimension to the landscape there in Galveston, which they’ve needed after that last hurricane.

It’s a welcome addition to their tourism. SeaWorld, of course, added their Aquatica Water Park – a major addition to an already significant attraction. The Schlitterbahn resort hotel on South Padre Island, they went in and bought what I think was the old Holiday Inn down there and put in a 221-room hotel and indoor waterpark that’s pretty much adjacent to their outdoor waterpark.

What should every Texans know about their state’s travel and tourism industry?

David Teel: I think people should know that we are predominately a small business/entrepreneurial industry.

That means that a lot of those half million to a million jobs that we talked about are driven by small business. Yes, we have some huge employers like the airlines and the SeaWorld’s that employ thousands of people.

But it’s still all about the small businesspeople — people in our communities throughout the state who are hiring workers, who are communicating with consumers and generating travel. And that travel not only generates revenues for those businesses, it’s creating jobs in those communities and there’s a domino effect with the tax revenues that are generated of that business.

There’s no better tax for a Texan to have than one that’s paid by somebody else. And that’s what travel-generated taxes are. It is such a value to a community because you’re bringing visitors into a community and those visitors are helping keep your property taxes lower, your sales tax rates lower because they’re providing additional revenues that help fund your schools, pave your roads and pay for public safety.

A lot of times people see us as just being a fun, family entertainment-driven industry, but, in fact, we’re business – as much a business as anybody else.

Via http://thetexaseconomy.org/business-industry/industries/articles/article.php

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

10 Ways To Get The Beach Experience At Home

10 Ways To Get The Beach Experience At Home | Texas Coast Living | Scoop.it
Sunshine, yes. Saltwater, no. Bring home the best parts of the beach, and stay beach-ready at a moment's notice with Veet !
Michael Stuart's insight:

You don’t need to spend a day at the beach to get those sought-after beach waves. With just a few ingredients, you can make your own sea salt hair spray and fool everybody.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Biking gender gap - bike trails on the Texas coast

Biking gender gap - bike trails on the Texas coast | Texas Coast Living | Scoop.it
Men ride bikes more often than women in America. Why? The reasons speak to more than just biking.
Michael Stuart's insight:

We need bike trails on the Texas coast!


Beyond traffic safety, personal safety is on the line as well. Grooming and getting “ready” keeps many women off bikes.


That’s a long road. But the data, at least, serves as a reminder of the strides we still need to make, and at best, offers some opportunities for action.


more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Sea base rises from Ike's wreckage

Sea base rises from Ike's wreckage | Texas Coast Living | Scoop.it


The CEO of the Boy Scouts' Bay Area Council never imagined when he helped develop a plan for a modest sailing and learning center for Sea Scouts that it would become a state-of-the-art learning center on 10 acres overlooking a 39-boat-and-growing fleet moored at a modern marina

Michael Stuart's insight:

Unexpectedly, the devastation from Hurricane Ike opened an opportunity on Offatts Bayou on Galveston Island.


  • A five-story building built to withstand a Category 5 hurricane is now  a command center for the next storm.
  • It's equipped with electronic locks on dorm room doors that open only for youths wearing an electronic bracelet.
  • The building is designed to be a showcase for energy-efficient green technologies, with LED lights that go on when an area is entered and shut off when it's vacant.
  • Rainwater is captured for reuse, and a rooftop garden reduces heat inside the building and will provide herbs for the kitchen.


A house that sat on the southwest end of the property was placed on a barge and moved to the Bolivar Peninsula to make room for expansion.


Read the story at: http://www.houstonchronicle.com/neighborhood/bayarea/news/article/Sea-base-rises-from-Ike-s-wreckage-5787033.php

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Galveston: Rebels of Schlitterbahn

Galveston: Rebels of Schlitterbahn | Texas Coast Living | Scoop.it

Galveston knows what it is and they’re not letting it go without a fight. They are the true rebels of Schlitterbahn, the Guardians of summer. Schlitterbahn Galveston Waterpark WILL extend your summer buzz.

Michael Stuart's insight:

Here are the top 10 ways Galveston Defies Fall:

10. Outdoor is open on the weekends until October 12th! I mean, why not?
9. And after that…we fold out our convertible roof and stay open!
8. Yeah, whatever we get it… it’s Thanksgiving and you’re thinking about Pumpkin Pie instead of summertime lemonade, but we’re still floating down rivers and sliding down slides.
7. We never really cared for pie anyways…we’re still rocking the Dippin’ Dots.
6. Just like a pro, we can’t afford to miss out on practicing our moves on the Boogie Bahn. Fall is prime time to perfect our skills!
5. Because where else between riding rides can you hang with Frosty
4. Why go shopping at the mall on Black Friday with your mom when
3. Create some Christmas bling for your tree and win something for it!
2. Snowing while swimming sounds like a family vacay gone wrong. Not in Galveston!
1. Why sit on Santa’s lap and give him your laundry list of things you want, when you can surf with him?

 

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Austin planners: Micro living units not right for this booming city - Austin Business Journal

Austin planners: Micro living units not right for this booming city - Austin Business Journal | Texas Coast Living | Scoop.it
Can micro unit residences fit into Austin? No, according to the city's Planning Commission codes and Ordinances Committee, which unanimously denied a recommendation that the city change rules to allow the construction of pint-sized efficiencies.
Michael Stuart's insight:

A rendering of a 410-square-foot micro-unit apartment floor plan from a student design competition. Austin's Planning Commission codes and Ordinances Committee doesn't think these are a good fit for the city.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

It Is Now Officially Impossible To Unplug On Vacation

It Is Now Officially Impossible To Unplug On Vacation | Texas Coast Living | Scoop.it

We know device addiction is a major problem in travel (and in life in general). A walloping 46 percent of working leaders continue to answer office emails while on vacation -- and as a culture, we just can't seem to unplug.

Michael Stuart's insight:
Unplug On Vacation

We know device addiction is a major problem in travel (and in life in general).


If you can't part with all your technology and goodies and general STUFF, you can now access all of it whilst you lounge!

If you can't tell, we find the whole concept just a liiittle bit embarrassing.


  • PoolSafe is a personal poolside safe box that's springing up in resorts worldwide. The box debuted in May at a Hyatt Regency in California and has since been integrated at select Westins and Marriotts.
  • PoolSafe is more than just a safe -- the gadget has GPS-tracking capabilities, cup holders for your cocktails and a call button for hotel food and beverage staff.
  • The box can wheel right up next to your chair, ready to cater to any and all plugged-in needs you may have while on your "getaway" from the real world.
  • Bobby Genovese, one of the project's investors, says orders are rolling in for the PoolSafe.


All we see is the need for a major digital detox.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Beach Crowds Are Beautiful From 5,000 Feet In The Air

Beach Crowds Are Beautiful From 5,000 Feet In The Air | Texas Coast Living | Scoop.it

Did you go to the beach this Labor Day weekend? You could be part of a work of art!

Michael Stuart's insight:

The project that eventually became Rose's Up In The Air series started back in 2000, when he was head photographer of the Kiteboarding World Cup.


Using a helicopter to film kiteboarders as they raced, Rose became fascinated with aerial photography.


But it was only after flying over the beaches during a kiteboarding final that turned his lens from athletes to beachcombers, snapping the herd-like patterns of oiled hides and colorful beach towels and umbrellas from the air.





more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

4 Scenarios Show What Climate Change May do to our coasts

4 Scenarios Show What Climate Change May do to our coasts | Texas Coast Living | Scoop.it

The most recent Intergovernmental Panel on Climate Change (IPCC) report left no doubt about the future of the world if we don't slow the rate at which we release heat-trapping gases into the atmosphere.

Michael Stuart's insight:

The easier course, though, is to cut emissions. To have a fighting chance of coping with climate disorder, we have to cut greenhouse gases quickly, not just wait until it's convenient.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Sexy electric supercar makes debut at Pebble Beach

Sexy electric supercar makes debut at Pebble Beach | Texas Coast Living | Scoop.it
The sexy car comes billed as the fastest rear-wheel-drive electric car
Michael Stuart's insight:

The company says the car's acceleration is faster than any other American production electric car on the market. Powered by lithium-ion batteries, the Renovo has two electric motors that produce the equivalent of 500 horsepower with rear-wheel drive. Yet the company managed to hold the car's weight to 3,250 pounds. It helps, too, that the car can get full throttle response in 37 milliseconds. Top speed is 129 miles per hour.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

The Charm of the Texas Coast!

The Charm of the Texas Coast! | Texas Coast Living | Scoop.it
If the hustle and bustle of the holidays has left you feeling stressed out, you need a time-out! The Charm of the Texas Coast is waiting for you! Don and Cheri Sheets with the Rockport-Fulton Aquarium are here this morning with a destination that they have in mind!
more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Texas is the Best Place to Own a Small Business

Texas is the Best Place to Own a Small Business | Texas Coast Living | Scoop.it
When you're deciding to start your own business, where you live and the rules governing small businesses is one important consideration. Some states and cities are friendlier than others towards small business owners.
Michael Stuart's insight:

Thumbtack and the Ewing Marion Kauffman Foundation asked small business owners (nearly 13,000 across the country) what their states' entrepreneur environment is like:


Overall, business owners in Utah, Idaho, Texas, Virginia, and Louisiana rated their states highest for small business friendliness. 


The three most important factors that determined how entrepreneurs viewed his or her location?

  1. Professional licensing requirements (at the local, county, state, and/or federal level),
  2. tax laws that are easy to follow, and
  3. the training and networking programs offered by government agencies for entrepreneurs.


more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Rice Farmer Helps Migratory Birds on Texas Coast - USDA.gov

Rice Farmer Helps Migratory Birds on Texas Coast - USDA.gov | Texas Coast Living | Scoop.it

USDA.gov says Rice Farmer Helps Migratory Birds, Cleans Water on Texas Coast.

Michael Stuart's insight:

When 168,000 gallons of oil was reported to be spilled this spring into Texas’ Houston Ship Channel because of a collision between a barge and tanker.

The spill served to highlight the continued need for vigilance and proactive approaches in caring for the treasured Gulf Coast region.


USDA’s Natural Resources Conservation Service (NRCS), is one federal agency working everyday with coastal landowners, farmers and ranchers on conservation efforts aimed at protecting, restoring and enhancing vital coastal resources and bird populations.

  • NRCS’ Environmental Quality Incentives Program is one such Farm Bill program that offers technical and financial assistance opportunities for landowners that are aimed at wildlife and their habitats.
  • For generations, Wilcox’s family has farmed rice and raised cattle in the Texas coast with some rice fields only 12 miles from the state’s upper Gulf shoreline, making his lands part of the migratory waterfowl and shorebird flyway zone.
more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

A Cool Combination of A Car and A Caravan Camperfor the coast?

A Cool Combination of A Car and A Caravan Camperfor the coast? | Texas Coast Living | Scoop.it

The new vehicle design by Christian Susana is a nice combination of car and a caravan camper.

Michael Stuart's insight:

Colim caravan concept provides the advantage of detaching the front part if one does not have a usage for the home part.


Design wise it reminds more of geometric shape, which one can say to be a welcome change from the regular designs, but the designer has really explored a possibility using different shapes which may pave way for better shaped cars.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

4 Reasons You Need a Company Retreat

4 Reasons You Need a Company Retreat | Texas Coast Living | Scoop.it

How to Host an Amazing Company Retreat

Cinnamon Shore in Port Aransas

A company retreat may not top the “best vacation ever,” but it be something worth looking forward to that creates lasting memories and also helps drive the future of your company. If you do things right, you can put on an amazing company retreat that people will rave about all year. New Urbanism communities along the Texas coast, such as Cinnamon Shore in Port Aransas and  Beachtown in Galveston, are great options for hosting work getaways that combine top-of-the-line accommodations with wild, inspirational natural beauty. Both communities feature on-site restaurants and pools, beach access and large beach homes that are perfect for informal meetings and after-hours gatherings.

Here are tips for planning your next company retreat on the Texas coast.

4 Reasons You Need a Company Retreat
When you really understand the benefits of a retreat, it sounds crazy not to have one. Here are several reasons you should allocate resources toward concentrated time together in a fun venue:

  • Connect in a different way. When your team interacts face-to-face every day, conversations naturally lead to hobbies, families, dreams, etc. Remote team members don’t learn those little things about each other like people who share an office space, and if you’ve ever tried to force a casual conversation on Skype, you know how awkward it can be. Getting away together lets all members of your team connect through shared experiences, which will make their workplace bonds even stronger.
  • Discuss values. As a startup, talking about values can sometimes feel a little silly and “corporate.” We only spend one meal during the retreat discussing what we stand for, but having the conversation is still effective. Addressing the topic briefly and in the right environment helps everyone internalize values and strengthens your company culture.
  • Think bigger. Retreats disrupt your routine so you can plan for the future. New ideas are often formed out of spontaneous brainstorming sessions, and retreats create the ideal environment for the free flow of ideas.
  • Celebrate together. If you’ve hit a big milestone recently or had a good year, a retreat provides the perfect time to reward your employees and do something unique to celebrate everyone’s hard work.

Additional Reading: How to Run a Company Retreat for Remote Teams

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Estimating Galveston Bay Tides

Estimating Galveston Bay Tides | Texas Coast Living | Scoop.it

Coastal dwellers feel the influence of tides daily — but do you know how they work? 

If all you have is a schedule for the tides on beach front at the seawall, a crude “rule of thumb” for the bay is:

  • Add about an hour for tides around the Texas City Dike.
  • Add about 30-40 minutes for San Luis Pass tides.
  • Add two to two and a half hours for tides in central West Bay and far East Bay.
Michael Stuart's insight:

Tides are one of the most misunderstood natural phenomena.

If you asked a group of people what causes the tides, almost all would say the gravitational pull of the moon. Gravity decreases with distance from the source.

The earth is subject to what are called “tidal forces” from both the moon and the sun.  Tidal forces are the result of small differences in the combined gravitational pull of the moon and sun at different places on the earth due to differences in distance from the source.


Both the moon and the sun cause the tides. The moon is the major cause of the tides; however, the sun has an effect that is about half that of the moon.


Things get even more irregular when we look at Galveston Bay tides.

We are a barrier island with two rather narrow openings to a back bay. These two inlets (the Jetties and San Luis Pass) restrict tidal flow into and out of Galveston Bay. Therefore, bay tides lag behind beach front tides significantly.


Unlike the beach front, the bay never really sees the full high or low tide. Before all the water from a high tide can get into the bay, a low tide has already begun. Thus bay tides are generally about half the height of beach front tides.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

FEMA Encourages Participation in PrepareAthon Day

FEMA Encourages Participation in PrepareAthon Day | Texas Coast Living | Scoop.it

According to a recent survey conducted by FEMA, 50 percent of Americans have not discussed or developed an emergency plan for family members about where to go and what to do in the event of a local disaster.

  • Additionally, nearly 70 percent of Americans have not participated in a preparedness drill or exercise, aside from a fire drill at their workplace, school or home in the past two years.
  • “Disasters can strike anytime and anywhere,” FEMA Administrator Craig Fugate said. “America’s PrepareAthon! is about practicing what to do in an emergency with enough regularity so that it becomes second nature when the real disaster actually happens.”

To encourage more Americans to prepare and practice, the campaign offers easy-to-implement preparedness guides, checklists and resources.

  • Sign up for local text alerts and warnings and download weather apps to your smartphone.
    Stay aware of worsening weather conditions. Visit www.ready.gov/prepare and get the Be Smart: Know Your Alerts and Warnings to learn how to search for local alerts and weather apps relevant for hazards that affect your area.
  • Gather important documents and keep them in a safe place.
    Have all of your personal, medical, and legal papers in one place, so you can evacuate without worrying about gathering your family’s critical documents at the last minute. Visit www.ready.gov/prepare and download Be Smart: Protect Your Critical Documents and Valuables for a helpful checklist.
  • Create an emergency supply kit.
    Bad weather can become dangerous very quickly. Be prepared by creating an emergency supply kit for each member of your family.  Visit www.ready.gov/kit for more ideas of what to include in your kit.
  • Develop an emergency communication plan for your family.
    It’s possible that your family will be in different locations when a disaster strikes. Come up with a plan so everyone knows how to reach each other and get back together if separated.  Visit http://www.ready.gov/make-a-plan for communication plan resources.

FEMA Texas Coast

The first step in being prepared is to know about the hazards that can affect you where you live and work. Hurricanes occur in coastal areas, but can impact weather across the country. To learn more about hurricanes and what you should do to protect yourself and your property download the How to Prepare for a Hurricane guide.

When people talk about preparedness, they are more likely to take action, so start the conversation! America’s PrepareAthon! offers customizable promotional materials to make your National PrepareAthon!

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Spotify Study Reveals Hilarious Listening Habits of Texas College Students

Spotify Study Reveals Hilarious Listening Habits of Texas College Students | Texas Coast Living | Scoop.it

You probably love Spotify, lest you're an old-school rock dude, the ease and wide-ranging catalog is the equivalent of having Christmas everyday for music enthusiasts.


Unless we have a cool dad or mom, most of us don't really come into our own with music taste during the College Years. As we enter adulthood, music plays second fiddle to the one true social lubricant -- booze -- but it's a close second.

Michael Stuart's insight:

Here are a few interesting findings about the fellow public Texas colleges:


  • Texas A&M is the top school for Christian music listeners. And even though Aggies generally listen to rap slightly less than the rest of the schools, they really like Drake, particularly, "All Me." Is Johnny Football to blame?
  • The University of Texas is the top R&B school and apparently hates country.
  • Texas Tech is the top Justin Bieber school, which might explain the smell.


You can click the complete list of schools here for a comprehensive look at each campus' listening habits.

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Avoid Housing Crunch By Employing A Sound Strategy

Avoid Housing Crunch By Employing A Sound Strategy | Texas Coast Living | Scoop.it

Baby Boomers Need To Plan and Strategize To Overcome Increasing Housing Costs in Retirement

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.

Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

See on Scoop.it – Texas Coast Real Estate

Source: shellyrobersonrealtor.com

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

International Home-Buying Activity in 2014

International Home-Buying Activity in 2014 | Texas Coast Living | Scoop.it

Texas Real Estate Center 2014 International Home-Buying

It’s time for the annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners. There were 3,547 respondents to the 2014 survey, almost 200 more than last year. The survey was conducted from April 14 to May 14, 2014.

Information was gathered from Realtors on U.S. residential real estate purchased by international clients during the 12 months ending March 2014. The term “international client” refers to two types of purchasers.

  • Type A are foreign clients with permanent residences outside the United States. These clients typically purchase property for investment, vacations or visits to this country for less than six months.
  • Type B are clients who are recent immigrants (in the United States less than two years) or temporary visa holders who reside here for more than six months for professional, educational or other reasons.

How did the market do?

This year’s international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 percent of total U.S. existing home sales of $1.2 trillion (see table below). Of that, $46.7 billion is attributed to Type A clients and $45.5 billion to Type B.

International sales were up $24 billion from the previous survey.

A number of favorable factors influenced foreign demand for U.S. residential properties:

  • stronger global activity in the second half of 2013,
  • appreciation of the Chinese yuan and the British pound,
  • the relative affordability of U.S. residential property, and
  • international investors’ desire for higher returns and greater security.
  • Chinese residents are also influenced by a flight to quality.

Why U.S. homes?

  • Approximately 56 percent of the respondents reported profitability and security are the main factors influencing the decision to purchase in the United States.
  • Well defined property rights, strong institutions governed by rule of law, a world-leading economy, and a recovering housing market were also factors.
  • Foreign purchasers seek U.S. property related to employment; to house children going to college; for investment and portfolio diversification; and for vacations. Recent immigrants view home ownership as an important accomplishment in their efforts to become established in this country.

What are the countries of origin?

Hong Kong skyline  (Photo credit: Wikipedia)

Realtors reported purchasers from 61 countries. Five countries have historically accounted for the majority of the reported purchases: Canada, China (Peoples Republic of China, Hong Kong, Taiwan), Mexico, India and the United Kingdom. In the latest survey, these countries accounted for some 54 percent of the international transactions. At 19 percent, Canada still has the largest share of international purchases, but China has the fastest growing source of international clients, increasing from 5 percent of international sales in 2007 to 16 percent in 2014. Mexico increased from 8 percent in 2013 to 9 percent in 2014 but still was less than the 13 percent registered in 2007 (see figure below).

What are they buying?

Approximately 65 percent of international transactions reported are single-family home sales. In addition, about 39 percent of the homes are intended to be used as primary residences for longer than six months. About 42 percent of transactions were intended for primary residences for: international students enrolled in U.S. colleges and universities, recent immigrants, and professional and managerial employees of businesses and institutions who are in the United States on a temporary but extended visit.

Nonresident foreigners who are limited to six-month stays generally expect to use the property for vacation or rental purposes and as an investment.

Via blog.recenter.tamu.edu/2014/07/international-home-buying1/

Related articles
more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Oil Spill Money Helps Texas Protect Coast

Oil Spill Money Helps Texas Protect Coast | Texas Coast Living | Scoop.it

Money paid by BP and Transocean to settle criminal penalties arising from the 2010 Deepwater Horizon oil spill has helped Texas close the largest conservation land purchase in the state’s history: Just over 17,000 acres of undisturbed coastal prairie in Calhoun County for $50 million.

The Texas Parks and Wildlife Foundation (the non-profit fundraising arm of the state’s parks department) will raise the balance of the funds — about $15 million after the oil spill funds are applied. The foundation would initially be a joint owner of the land, alongside other non-profit conservation organizations; eventually, the plan is for the land to be donated to the department itself.

Conservationists and environmental advocates hailed the purchase as a significant move to protect the state’s coast, which experts estimate is losing hundreds of acres of rural land each day. Conserving rural lands, they said, is crucial not only for preserving open spaces in Texas, but also as a way to protect water resources. Along the coast, keeping land undeveloped can serve as a “natural buffer” against sea-level rise and storm surges — often a much cheaper way to ensure hurricane protection than costly infrastructure like seawalls.

http://www.texastribune.org/2014/08/21/texas-announces-land-conservation-purchase-bp-doll/

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

U.S. Bureau of Economic Analysis shows Texas leads

U.S. Bureau of Economic Analysis shows Texas leads | Texas Coast Living | Scoop.it
News release from the U.S. Department of Commerce's Bureau of Economic Analysis: Personal Consumption Expenditures by State
Michael Stuart's insight:

Texas leading the nation in real GDP growth. 


GDP is calculated as the sum of what consumers, businesses, and government spend on final goods and services, plus investment and net foreign trade.

more...
No comment yet.