Welcome to the informed real estate literature website Real Estate Lit.

        Read what's written about real estate. Keep current with reviews,

        recommendations, summaries, and notable mentions; plus,

        interviews with professionals in communications and publishing.

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Thursday
Jan182018

Notable Mention: Property Nesting

Retire on Real Estate: Building Rental Income for a Safe and Secure Retirement by K. Kai Anderson.  2018.  AMACOM, New York.  272 pp.

For many people retirement planning can feel like traveling through a maze of impersonal goals leading to poorly marked traffic circles of confusing choices.  However, for persons who prefer personalization with their investment decisions — including active participation in sourcing the retirement income — consider reading Retire on Real Estate.  By adding to the subject genres of personal finance and real estate, author K. Kai Anderson aims to help readers develop an understanding of why rental property can serve as a key component to diversified retirement plans.  

Retire on Real Estate is a fresh take on a source of income in the retirement years, for which some investors may find appealing beyond the standard Wall Street-only dependency.  The author shares her ideas on how to go about acquiring income-producing real estate, as well as enumerating the risks and benefits she sees with managing investment properties.  The nest egg as metaphorical device lends a sense of universal familiarity across the three parts of the book, published by AMACOM.

Retirees, plus younger workers who plan on eventually retiring, may wish to read Retire on Real Estate along with their financial advisors and tax accountants.  Keep in mind, subsequent to the release of the book, the recent passage into law in the United States of the Tax Cuts and Jobs Act of 2017 has jolted previously long-held assumptions about deductions and depreciation, among other matters.  Another group of prospective readers should include: trust real estate property administrators, real estate asset managers, and private wealth managers – because if their clients like to stay engaged in the real estate investments, Retire on Real Estate may augment their clients’ knowledge and inform their conversations together about real estate as a long-term asset class in a retirement portfolio.

Saturday
Jul222017

Artificial Intelligence Now: RE Roundup

Automation contributes to the replacement of people on the job.  At minimum, it shifts roles of persons at work.  Industrial and technological changes have transformed work and the economy.  Beyond programmatic automation, though, are vast possibilities for the application of artificial intelligence (AI). 

AI is getting its fair share of PR.  Tesla and SpaceX’s Elon Musk spoke of unregulated artificial intelligence at the National Governors Association meeting this summer as the, "biggest risk that we face as a civilization."  That superlative puts people on edge when talking about the future and economic displacement.  And yet, connections to AI are already present. 

What is AI, in simplistic terms?  In their conversation on the show 1A with host Joshua Johnson, Coursera co-founder Andrew Ng shares, "One piece of AI that might be easier to craft a more specific definition on is machine-learning, the idea that computers can learn.  A lot of the recent rise of AI has been due to a set of technologies around having computers look at raw data and learn from that."  Economists predict AI will increasingly grow capable of performing what were, up to this point, human tasks.

Is AI creeping like

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Saturday
Jul232016

Flooding, NFIP, and the Future 

Insuring against risks inherent with real estate is a practical and ambitious undertaking.  When it comes to enormous disasters, floods are perils with tremendous consequences.  In 1968, after decades of calls for federal support with regard to flood losses and rising disaster relief costs, the National Flood Insurance Program (NFIP) was enacted by Congress which, among other things, subsidizes flood insurance. 

Nearly fifty years later, what is the financial condition of the NFIP?  Is the federal program adequate for the future?  What changes may be in store for U.S. policy towards weather-related catastrophes?  In 2017, the NFIP is up for reauthorization before Congress.    

An informative initiative is accessible thanks to

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