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The 18-year Cycle in the USA The latest Low was 2012 (with Builders shares bottoming in 2011) ... old image-Faber The real-estate cycle in the U.S. can be summarized with the following table: Peaks in Interval Peaks in Interval Depressions land value (yrs) Construction (yrs) interval year : yrs 1818 : ---- ------- ---- 1819 -- 1836 : 18 1836 __ 1837 18 1854 : 18 1856 20 1857 20 1872 : 18 1871 15 1873 16 1890 : 18 1892 21 1893 20 1907 : 17 1909 17 1918 25 1925 : 18 1925 16 1929 11 1973 : 48 1972 47 1973 44 1979 : 6 1978 6 1980 7 1989 : 10 1986 8 1990 10 2006 : 17 2006 20 2008! 18 (2012 property Low) 2024? 18 2022-24? 16-18 2026-28 ?? ==== Real-estate values and construction have peaked one to two years before a depression, and have stayed at peak levels until the onset of the downturn. The historical evidence is consistent with the theory that speculative booms in real-estate prices and construction act as an impetus for the downturn itself. > more charts: http://www.nowandfutures.com/real_estate.html US: in America, PHM / Pulte Homes is the main bellwether ... Update : all data : 5-years : to 7/31/2017 : $24.42 / High for Year: $25.20 -------------------------------------------------- > Updated : chart : to 7/31/2017 : $283.46 / HGX : High for Year: $287.325 Update : CS- 20 Cities NSA

US House Price Data : Philadelphia, NYC & Other Cities Philadelphia price breakout continues... Making new highs. Predicted early 2016. > see special forum : Philly & the East Coast Northeast Corridor Home Prices City --------- : Value (1) : Rent(1): Yield(1): Value (2): Rent(2): Yield(2): V: YoY: Value+% : R: YoY: Rent+% ===========: Dec. 2012 : ------------------------ : Jun.2017 : ------------------------- : NewYork City : $469,000 : $1,881 : : 4.81% : $685,000 : $2,400 : : 4.20% : +13.2% : +46.1% : +2.13% : +27.6% : Washington - : $385,000 : $2,403 : : 7.49% : $551,300 : $2,650 : : 5.77% : +6.78% : +43.2% : +2.12% : +10.3% : Boston -------- : $365,000 : $2,309 : : 7.59% : $558,300 : $2,550 : : 5.48% : +13.2% : +53.0% : - 1.16% : +10.4% : Philadelphia : $104,000 : $1,081: 12.47%: $138,800 : $1,204 : 10.41% : +9.90% : +33.5% : - 0.66% : +11.4% : ============================================ Philly prices can go a long way before they will be 1/4 of NYC house prices (over $680k) June 2017: $685,000 vs. $138,800 for Philly ($685.0/ $138.8 = 4.94x) Vs. RENTS : $2,350/mo vs $1,204/mo., Philly ($2,350/ $1,204 = 1.95x) May'17: Philly = 137.3: NYC Condo: 189.89 /1.50 = 126.6 : 20 Cities: 198.38 /1.45 = 136.8 : Philly Jun'17: 138.8 Philly is above its old peak, but 20 Cities & the NY City, Case-Shiller index is not (yet.) Philadelphia Property prices, 1980-2014 Inflation-adj, back to 1890: > source : http://www.multpl.com/case-shiller-home-price-index-inflation-adjusted/table 2017 Tax Rate: ------To $9,325 = x10% = $9325-37950 = x15% = 37950-91900 = x25% = ======== > C-S wiki: https://en.wikipedia.org/wiki/Case–Shiller_index > 20Cities: https://research.stlouisfed.org/fred2/series/SPCS20RSA : (monthly data back to 2000) DataGrid : http://data.okfn.org/data/core/house-prices-us Fels Chrt : http://www.biaofphiladelphia.com/ufiles/fels_phpi_2013q2.pdf > RShiller: ======== mo Ph-Zhv : YoYr : Nyc_Zhc : YoYr : 20cityIdx : YoYr : condo: C-NYC : C-NyNs: C-Wash C-Bost. '15 116,000: ---------- : 532,000 : ---------- : 175.38 : 4.40% : 244.50: 176.57 : 174.76 : 205.24 : 175.73 F : 117,000: ---------- : 534,000 : ---------- : 177.09 : 4.84% : 245.82: 177.57 : 174.82 : 205.70 : 175.35 M : 116,800: ---------- : 536,400 : ---------- : 178.91 : 4.87% : 247.12: 178.39 : 174.37 : 206.88 : 176.12 A : 116,000: ---------- : 538,000 : ---------- : 179.43 : 4.86% : 249.01: 179.00 : 175.68 : 209.63 : 176.52 M : 116,000: ---------- : 543,000 : ---------- : 178.53 : 4.81% : 250.41: 178.82 : 177.27 : 210.98 : 179.26 J. : 117,000: ---------- : 548,000 : ---------- : 178.48 : 4.82% : 253.08: 178.36 : 179.52 : 212.51 : 181.87 jl. : 119,000: ---------- : 553,000 : ---------- : 178.48 : 4.95% : 253.87: 177.92 : 180.81 : 213.01 : 183.85 A : 121,000: ---------- : 558,000 : ---------- : 178.77 : 5.06% : 254.86: 177.80 : 181.66 : 212.88 : 184.56 S : 122,000: ---------- : 564,000 : ---------- : 179.61 : 5.28% : 255.56: 177.98 : 181.66 : 211.88 : 184.42 O : 123,000: ---------- : 569,000 : ---------- : 180.87 : 5.38% : 255.78: 178.70 : 181.40 : 210.77 : 184.14 N : 122,000: ---------- : 574,000 : ---------- : 182.49 : 5.28% : 256.45: 180.02 : 180.96 : 210.52 : 183.24 D : 121,000: ---------- : 565,000 : ---------- : 183.81 : 5.38% : 257.71: 180.71 : 180.48 : 210.27 : 182.82 : '16 121,000: 4.31% : 569,000 : 6.95% : 185.31 : 5.66% : 259.40: 179.51 : 179.51 : 208.94 : 182.11 : F. : 122,000: 4.27% : 572,000 : 7.12% : 186.66 : 5.40% : 261.18: 179.12 : 179.12 : 208.22 : 181.88 : M : 123,500: 5.74% : 576,000 : 7.46% : 188.56 : 5.39% : 262.90: 179.61 : 179.61 : 209.59 : 184.07 : A : 124,500: 7.33% : 580,000 : 7.81% : 188.04 : 4.80% : 258.96: 180.45 : 180.52 : 212.88 : 186.73 : M : 125,400: 8.10% : 585,000 : 7.73% : 187.91 : 5.25% : 260.36: 181.43 : 181.25 : 214.99 : 189.33 : J. : 126,300: 7.95% : 590,000 : 7.66% : 187.75 : 5.19% : 262.23: 181.72 : 182.73 : 216.36 : 190.35 : Jl : 129.000: 8.40% : 596,000 : 7.78% : 187.78 : 5.21% : 264.17: 181.00 : 183.68 : 216.98 : 191.49 : A : 130,000: 7.44% : 602,000 : 7.89% : 188.23 : 5.29% : 266.94: 181.06 : 184.75 : 217.77 : 192.09 : S : 131,000: 7.38% : 608,000 : 7.80% : 189.03 : 5.24% : 266.40: 181.51 : 184.75 : 217.59 : 192.30 : O : 132,000: 7.32% : 615,000 : 8.08% : 190.48 : 5.31% : 263.26: 182.27 : 184.14 : 215.36 : 192.32 : N : 132,000: 8.20% : 622,000 : 8.19% : 192.18 : 5.31% : 264.59: 184.31 : 184.61 : 215.23 : 193.19 : D : 132,600: 9.59% : 627,000 : 10.1% : 193.97 : 5.53% : 265.89: 186.07 : 185.26 : 215.75 : 194.16 : '17 133,700: 10.5% : 630,600 : 10.8% : 195.47 : 5.48% : 267.66: 186.75 : 185.16 : 215.87 : 194.93 : F. : 134,100: 9.92% : 631,300 : 10.4% : 196.80 : 5.43% : 269.43: 187.86 : 185.44 : 216.39 : 195.60 : M : 136,100: 10.2% : 650,000 : 12.8% : 198.52 : 5.28% : 273.20: 189.88 : 186.85 : 218.11 : 198.26 : A : 136,500: 9.64% : 657,900 : 13.4% : 198.18 : 5.39% : 271.98: 191.01 : 188.37 : 220.26 : 199.25 : M: 137,300: 9.49% : 672,400 : 14.9% : 198.38 : 5.57% : 272.08: 189.89 : 188.65 : 222.48 : 200.82 : J : 138,800: 9.90% : 685,000 : 16.1% : 198.62 : 5.79% : 273.52: 189.44 : 190.38 : 222.52 : 202.16 : Jl : 138,900: 7.67% : 686,400 : 15.2% : 199.37 : 6.47% : 272.48: 189.42 : 191.87 : 223.20 : 204.44 : A : 139,900: 6.80% : 695,600 : 15.5% : 200.39 : 6.46% : 271.85: 190.45 : 193.76 : 223.21 : 205.19 : S : 140,300: 7.10% : 693,900 : 14.1% : 201.60 : 6.65% : 269.50: 192.09 : 194.59 : 221.63 : 205.98 : O : 140,200: 6.21% : 696,300 : 13.2% : 202.96 : 6.55% : 270.93: 193.68 : 195.30 : 221.61 : 205.43 : N : 139,000: 5.30% : 000,000 : 00.0% : 204.49 : 6.41% : 272.45: 195.27 : 195.50 : 221.89 : 205.16 : D : 141,000: 6.33% : 000,000 : 00.0% : 205.86 : 6.13% : 274.04: 196.43 : 195.70 : 221.42 : 204.77 : 18 142,000: 6.20% : 000,000 : 00.0% : 207.57 : 0.00% : 273.63: 197.46 : 196.17 : 220.30 : 205.11 : F : 144,000: 7.38% : 000,000 : 00.0% : 209.29 : 0.00% : 275.19: 199.09 : 197.15 : 221.16 : 206.62 : M : 145,300: 6.68% : 655,109 : 00.0% : 210.48 : 0.00% : 277.40: 199.43 : 196.97 : 223.60 : 209.29 : A : 146,700: 0.00% : 657,000 : 00.0% : mo Ph-Zhv : YoYr : Nyc_Zhc : YoYr : 20cityI : YoYr : condo: C-NYC : C-NyNs: C-Wash C-Bost. Zillow: Philly : ------> : NYC-Z : -------> : 20-city: 20c-Nsa: condo: NY-rsa: /(NSA): NYC : Wash : Bost :

Displaced Renters - Gentrificatioon is driving people North Fleeing to Fairhill and beyond? The Fairhill neighborhood — which is somewhat contentiously known as the Badlands — is far from seeing the early signs of gentrification. But as a neighbor to Kensington, community leaders say they can feel the changing tides. Fairhill has become a catchment for gentrifying neighborhoods just south, according to Maria Gonzalez of HACE. Their latest community survey revealed that rentership has increased by 13 percent (861 new renters) in the last five years. As it stands, Fairhill is 57 percent renters compared with 43 percent homeowners. Where are they coming? “From North Liberties, from Kensington, they’re migrating north,” Gonzalez said, though HACE did not have data to verify the exact percentage. Of course, the increased rentership in neighborhoods on the edge of gentrification in Fairhill could be stemming from multiple factors. Data on the trend in these areas is scarce. And for those at risk, the well-known signs of gentrification are an easy target. Conventional wisdom has always been that homeowners are better for a community. They are less transient, and have both a physical and economic investment in their neighborhood’s wellbeing. And while new studies suggest that Philadelphia’s renters are just as civically engaged as homeowners, Gonzalez feels there’s a fine line. “It’s good and bad,” she said. “At HACE we do a lot of affordable rental housing for seniors and families, but having too many renters isn’t desirable, because you want more people having a stake in the neighborhood.” So HACE is busy educating her community about the need to buy homes. HACE offers housing counseling and credit repair services for those who are concerned they might not be eligible. Because while Hernandez’s family rents partially because of their immigration status, many families in Philly’s lowest-income neighborhoods like Fairhill have trouble qualifying for mortgages for a whole different set of reasons. Like so many undocumented immigrants from Latin America, Hernandez and her family went to “El Norte” both out of survival and in search of new opportunity. Whether those people moving out of gentrifying neighborhoods in Philadelphia are looking for new opportunity, or simply economic survival, it may be too early to tell. == > http://aldianews.com/articles/politics/housing/renting-edge-gentrification/41998 Map: http://philly.curbed.com/2015/11/3/9904636/gentrification-philadelphia-neighborhoods

Changing outmoded tax policies (which penalize wage earners and businesses) Kenney, state lawmakers call for property, wage tax changes Feb 26, 2016, Alison Burdo Digital Producer Philadelphia Business Journal . In a show of solidarity not seen in Harrisburg in quite some time, a bipartisan group of state lawmakers gathered in Philadelphia's City Hall Friday, along with Mayor Jim Kenney, and local civic and business leaders, to announce a legislative plan that would up the tax rate on the city¹s commercial properties while lowering wage and businesses taxes. The bill, which would modify the state¹s constitution, aims to create up to 100,000 jobs in the city through a restructured tax system that is considered more attractive to business owners. Mayor Jim Kenney says the tax plan could lead to the creation of up to 100,000 jobs in… more Alison Burdo State Rep. John Taylor said the legislation would reposition the sources of Philadelphia¹s budget, making the city less reliant on wage tax ­ currently 3.92 percent for residents and about 3.49 percent for nonresidents. "There is no other city in the Commonwealth as tied to the wage tax as Philadelphia," said Taylor, adding that Detroit is the only other major American city to have a model similar to Philadelphia¹s. "And that is not company we want to be in," he said. If the proposed changes make it through Harrisburg ­ a process that could take at least two years, it would allow Philadelphia to enact its own legislation "to assess real estate taxes on business properties at a rate up to 15 percent higher than the rate on non-business properties." == > more: http://www.bizjournals.com/philadelphia/news/2016/02/26/kenney-state-lawmakers-call-for-property-wage-tax.html

DEBATE on Circuit (from SSC): Is it "Transformational" development for the area, or not? 1/ D.O: "For the area its in its value engineered to ensure development costs are not out of line with the rents it can command..." I get that (I think.) But here's the thing. The Circuit project is meant to be transformation. The idea is to extend Makati's valuable CBD area all the way to the Pasig River. The elements are creating a workable balance of: Commercial property (jobs), Retail (the magnet of shopping and attractive dining), and high-end residential. This is not easy to do, but Ayala has pulled off transformations several times - recently in BGC. And so people believe they can do it again. A critical missing piece is improved transportation. If those living and working in Circuit want to feel part of the Ayala Avenue, main Makati CBD, they will need to have something besides a traffic jam in their private car, or a crowded jeepney to connect them to Ayala Avenue. Until Ayala can announce some sort of transportation breakthrough, the "jury remains out" on Circuit Makati. Yet I believe Ayala will succeed in improving transport, but right now this is a leap of faith based on their (impressive) track record. 2/ O: This area isn't an extension of the CBD its an isolated enclave because of the surrounding properties. BGC is a self contained new CBD with close access to Forbes park an affluent area. Rockwell and Century City Mall area are bordered by Bel Air. It's not just the core Ayala Ave CBD that matter it's also the area adjacent and the development size which will dictate the rental rate and the yield will be determined by the cost of construction so value engineering it so they can get similar percentage returns as they can on all their investments means it's never going to be the same quality as core CBD projects. This project will improve the area but it won't transform it as no other significant land plots are available near by to expand it or for a another developer to build a similar project near by so it changes the area. I suspect over time if it works out the open space such as the football pitch and concert area will be built on to increase the density. 3/ R: how do u describe self contained? if bgc is self contained as u say then circuit makati is the same as well. its concept is almost same as BGC except that circuit's focus is more on entertainment rather than being just the fringe of the PH's most important financial district given its location in close proximity to ayala cbd. Circuit's area is even bigger than rockwell or other smaller scale development and all have the same disadvantage of a not-so-nice environment on their outsides. Even bgc has those surrounding areas of rembos and cembos and other shanties u can see its just bigger in area. but 21 hec of circuit isnt bad size in fact its even larger than d existing ones we have. so value engineering or not, as this area progress overtime that will command a good rental rate returns in d future. for the most part ayala should build a better and improved way of easing up traffic connecting it from ayala ave == > SSC: http://www.skyscrapercity.com/showthread.php?t=1838492&page=3

DAIWA research RECEIVED by email: attached is a link which you may or may not have seen in the past. Nevetheless, the research report on the HK property segment is pretty good based on all the data used to compare HK real estate over time. http://asiaresearch.daiwacm.com/eg/cgi-bin/files/thehongkongpropertytoolkit_130916.pdf

Kerry Cassidy, Soul Factory, DNA Farm, Vaccines & The Secret Space Program, Global Mind Control Programming: 'has always been part of the Agenda... but they got better at it"

some good news in the Big Picture. / Per Bloomberg: FORECLOSURES: US comes out of Foreclosure shadow - Bloomberg US homes in foreclsoure fell to a level not seen since before the 2008 crisis -24k to 631k in March - the lowest since Oct. 2007. Foreclosures peaked in 2010 - when the number hit a record 1.2 million homes "Frinally getting back to a clean slate" Borrowers are staying current thanks to rising incomes and unemployment at the lopwest levels since the 1970's (though figures may be computed differently than then) Banks (like Wells Fargo) are now cutting the numbers in their foreclosure units. === Two properties that I am monitoring in Philly: Mo. -- Property A------------------ : - Property B : DATA ==== --Zillow-- : -Trulia- : Redfin / Mo: $-Value : $ Rent d14 -------> : $0,895 : Ju: $75.55k : $0,900 : Jul $76.50k : $0,950 : A : $74.00k : $1,000 : S : $77.00k : $0,950 : O : $80.00k : $1,025 : N : $81.00k : $0,950 : D : $84.00k : $1,000 : J. : $90.58k : $1,100 : F. : $94.31k : $1,100 : $00.0k : $00.0k / 110.6k : $1,170 : M : $93.92k : $1,100 : $88.0k : $71.1k / 112.0k : $1,200 : A. : 101.17k : $1,100 : $89.0k : $77.5k / 123.5k : $1,440 : M : 102.97k : $1,000 : $00.0k : $00.0k / 122.3k : $1,400 : DATA: Zillow $ Rent : -Trulia : Redfin / Zillow: $ Rent : The above shows: (per Zillow) ========= Property A, up 33.9% from June 2015 ($75.55k) to April 2016 ($101.17k), and +7.3% in the last two months Property B, up 11.7% from Feb. 2016 to April 2016 I think is mainly due to local factors (gentrifying neighborhoods) rather than national stats

DMCI unit enters office leasing business THE property arm of DMCI Holdings, Inc. is venturing into the office leasing business in line with the company’s diversification efforts, with the Consunji-led firm projected to increase its residential unit launches by two-thirds in 2016. DMCI Project Developers, Inc. President Alfredo R. Austria told reporters yesterday the company intends to launch a 36-storey office project along Pasong Tamo in Makati City that will have over 40,000 square meters (sqm.) in gross leasable area (GLA), subject to the receipt of the necessary permits. More :http://www.bworldonline.com/content....ess-&id=119603

Extra Steps save Renter's money (especially on 1BR & 2BR flats) Flats in AT SanLo are further from Greenbelt than is Columns Legaspi, and they are also: smaller and cheaper / note: I have corrected previous data, which compared ATSanLo with Col.Ayala / Furnished ATSanLo: Col.Legs : Premium : Savings Studios --- : P19,000 : P37,500 : + 97.3 % : P16,500 / month Per Sq. M. : P826.0k : P1103.k : + 33.5 % 1 BR's ---- : P28,500 : P57,500 : +101.8 % : P29,000 Per Sq. M. : P695.0k : P1055.k : + 51.8 % 2 BR's ---- : P42,500 : P87,500 : +105.9 % : P45,000 Per Sq. M. : P720.0k : P1129.k : + 56.8 % (compared with Columns Ayala) Studios --- : P19,000 : P25,000 : + 31.6 % : P 6,000 / month Per Sq. M. : P826.0k : P833.3k : + 0.88 % 1 BR's ---- : P28,500 : P41,000 : + 43.9 % : P12,500 Per Sq. M. : P695.0k : P759.3k : + 9.25 % 2 BR's ---- : P42,500 : P59,000 : + 38.8 % : P16,500 Per Sq. M. : P720.0k : P830.3k : + 15.3 % SIZE : Range SqFt / Furnished PHP: PerSF/ Unfurn.'d: PHP: PerSF/ F.prem Studio Col.Legs: 34 sqm: 34.0 / 35-40k: 37.5k : 1103. / 30-38k: 34.0k : 1000. / +10.3% AtSanLo: 23 sqm: 22.5 / 18-20k: 19.0k : 826.0 / 12-14: 14.0k*: 608.0 / 1 BR : Col.Legs: 47-62m: 54.5 / 50-65k: 57.5k : 1055 / 759.3 / 45-60k: 52.5k : 963.3 / + 9.5% AtSanLo: 41 sqm: 41.0 / 27-30k: 28.5k : 695.0 / 17-21k: 21.0k*: 512.0 / 2 BR : Col.Legs: 73-82m: 77.5 / 80-95k: 87.5k : 1129. / 73-82k: 77.5k : 1000. / +12.9% AtSanLo: 59 sqm: 59.0 / 40-45k: 42.5k : 720.0 / 25-31k: 31.0k*: 525.0 / === *SanLo: 12.0K + 2.0k.est assoc.fees = 14.0k; 1br: 17.0 +4.0= 21.0; 2br: 25.0 +6.0= 31.0 A flat at ALVEO Columns Legaspi =============== Here's my analysis of Rental differences: Renters (single people and young couples?) will walk those extra steps to Avida Towers San Lo to save money by renting cheaper flats. They are cheaper partly because they are smaller (example: Studios are 22.5 SM, rather than 34 SM, one-third smaller.) On Studios, they are paying a rental rate which is 25% cheaper per SM as at Col-Legs - that is roughly the PRICE differential for buying the flats in the secondary market. When it comes to 1 BR flats the flats have a bigger savings per SM, offering a greater savings to get people to take those extra steps. Renters save 50% on 1 BR flats and 34% per Sq Meter. The savings is even more apparent for 2BR flats, which are less than half-price and 36% cheaper per SM than 2BR flats at Col-Legs. This suggests that potential renters for larger flats will not take those extra steps (with their children?) unless there is a very substantial savings for doing it. I think this difference has to do with families with small children. There seem to be very few babies and few very young children living at SanLo. The families that can afford it would prefer to pay a bit more each month for their flats at Col-Legs, and have an easier walk to the attractions of the shops and restaurants at Greenbelt. Many more expats rent at Columns Legaspi too, from what I have seen.

This chart was also in the article, but I have added some notes xx

Charted: Hong Kong’s housing market suddenly has echoes of the SARS era . Prices are plummeting too. Centaline Property’s Centa-city Leading (CCL) Index, which tracks used-home prices in Hong Kong, has dropped 13% from September’s historical peak to its lowest level since 2014. That’s not to say things are cheap—Hong Kong remains the world’s least affordable housing market, when based on income of local residents, thanks to buyers from mainland China, who continue to see Hong Kong property as a safer bet than stock markets, yuan, and property at home. But this flow of money has been slowing, following Beijing’s crackdown on corruption and overseas investment—and it may never come back. Analysts at CLSA predict Hong Kong’s housing prices will drop another one-fifth in 2017. There is no sign of a recovery in Hong Kong’s home prices this year, and the “best expectation” is that the CCL Index will fall to 120 points in the second quarter, down another 6% from the current position, said Wong Leung Sing, senior associate research director at Centaline. The Hong Kong government—despite a weak economy both locally and in mainland China—appears to have no intention of relaxing certain policies to boost sales, Wong said. One example is the transaction tax, implemented at the end of 2012 in order to curb speculation. Under it, home buyers must pay up to 8.5% of a home’s value if they’re Hong Kong residents, and up to 15% if they’re not. Sales of small and medium units are worse than those for luxury homes, because the economic slowdown hit the middle class harder than the super rich, Wong added. == > more: http://qz.com/656772/hong-kongs-home-market-wont-recover-anytime-soon-charted/

Q & A: Do you believe that THE PHILIPPINES is the ancient LEMURIA? Many peoples are wondering if filipinos are really asians because the country is located in the pacific it is also believed that this country is from the ancient lemuria (the greatest civilization the world ever witnessed) and the philippines is believed to be the center of prosperity and governance of the said ancient continent one of the things that makes the philippines is because there was a sunken kingdom which was found above the philippines under a japanese island.Geographers also found out that the philippine rocks are the same as the rocks found from that sunken kingdom and according to some historians maharlika is the ancient name of the philippines some geographers also found out that lemuria had 8 subcontinents one of them was maharloka which is the closest to the philippines ancient name maharlika another fact is that lemurians believe in superstitions the same as the filipinos.Some historians say that the true name of the philippines was maharloka but the peoples are called maharlika (royalty/elite) but the meanings of both supposedly believed ancient philippines name is still the same even if it's called maharlika or maharloka it still means (the great land of small peoples/society) that was back in the earlier times of the philippines and not in the times wherein it was invaded by the spaniards because most countries back in the ancient times (like about 1400) call the ancient philippines the land of gold as how indians and chinese peoples call the country so what do you think? == Lemuria today is a restaurant in Horseshoe Village. Read up on Lemuria (continent) in wikipedia. It's like Atlantis. So many theories, which have not been proven."Maharlika" is from Sanskrit, which originated from India in the 4th century BCE, which is some 10,000 years after the last ice age. (The last glacial age was when land bridges disappeared.) In other words, timing-wise and in terms of word origin, it doesn't match the Philippines. > More Answers: https://ph.answers.yahoo.com/question/index?qid=20101220032940AA4Ty0w

Are the Philippine Islands = The mountains of Lemuria ? Lemuria & the Philippines connection - Ancient Mysteries ... Apr 3, 2005 - 10 posts - ‎5 authors Lemuria & the Philippines connection - posted in Ancient Mysteries & Alternative History: The diplomat who remembers his past lives, Carlos... Carlos asked me if I knew that the Philippines was part of Lemuria. I said yes, and told him I even saw a map of Lemuria, and the Philippines was in it. And this could explain why in the Philippines there are so many healers, psychics, clairvoyants, mediums and spirits. Lemuria was known for two things, high telepathic powers and high spirituality, which present-day Filipinos are known for. "Don't you find your belief in reincarnation to be in conflict with your profession and your Catholic religion?" I asked Carlos. "Not at all," he replied instantly. "I've always been very discreet about my personal beliefs. And as far as religion is concerned, you yourself pointed out in a recent newspaper column that the Catholic Church has not formally condemned belief in reincarnation." : ... The Theory of Lemurian Origin The Philippines and other countries of Southeast Asia were once part of a bigger land mass called Lemuria or Mu. Because of earthquakes and geological activities, most of the land mass sank and only parts remained including the Philippine archipelago. == > http://www.slideshare.net/nonelee/civics-5-class

Asia Pacific Real Estate in 2016: http://www.pwc.nl/nl/assets/documents/pwc-emerging-trends-in-real-estate-2016-asia-pacific.pdf New REIT Markets: China, the Philippines, India, and Indonesia The more interesting developments in the Asian REIT industry this year center on continuing efforts to introduce REIT infrastructure in various new markets around the region. In particular, China saw the emergence of a handful of “proto -type REITs” at the end of 2014 and the beginning of 2015. These amount to a trial balloon for real estate securitizations. However, there is so far no sign of a regulatory framework in which a wider REIT industry might evolve in China and, according to one interviewee, “nobody has a date within the next two years for a REIT framework to be legislated.” In particular, there is no indication that the government is set to introduce or even discuss the issue of tax neutrality, without which REITs will be unable to offer a competitive yield. On top of that, so far China’s prototype REITs do not even own their own properties—instead, they have access only to income streams generated by rents within a given portfolio of assets. As a result, the China prototype REITs are purely yield- driven plays, which may prove a tough sell in a market where cap rates have been compressed to “ridiculous” levels and investors are more focused on capital gains than on dividends or defensive investments anyway. The Philippines, meanwhile, is more advanced in its pursuit of a finalized REIT regulatory structure, having introduced a code some six years ago. The stumbling block, however, remains the vexed issue of tax neutrality, which the current government has been reluctant to introduce. With an election coming up, one Philippines-based investor said the next administration may be more amenable to changing the implementing guidelines so as to reduce taxes on initial transfers of assets into funds, and abolish the requirement to sell two-thirds of assets within three years. “If [those are] modified,” he said, “we’re going to have a vehicle that will interest a lot of people.”

An economist talks about Land Value Tax xx Their talk about how a guaranteed income sounds like pure fantasy ("people will take their kids fishing") If people are handed enough money to live well without working: + Where does it come from? + Who will have any incentive to do the dirty or dangerous jobs?

Another view of Cycles in the Philippines . Feng shui expert: Property boom nearing end of cycle By Ehda M. Dagooc (The Freeman) | Updated February 8, 2016 CEBU, Philippines - While industry players are seeing sustained vitality in the property market, a feng shui expert is sensing otherwise. Renowned geomancer and feng shui master Francis Gaw said that the real estate industry always follow a 10-15 year cycle, and in the Philippines, the industry only has two to three more years to experience growth. He said the cycle will soon hit bottom again, which means that sales will relax or get lesser everyday. In practical sense, he said, those who have money and have been buying properties will have to save again. And in another 10 years the sector is seen to slow down. Gaw's extra sensory gift has gained for him the trust of businessmen around the country and abroad. He has been sought out for annual consultations and psychic advise by, among others, high-ranking politicians, big conglomerates, major real estate developers and hotel chains. Over the weekend, Gaw was in Cebu to give unit owners of Sundance Residences his views on good feng shui alignment and psychic vibrations under the year of the Fire Monkey. == > more: http://www.philstar.com/business/2016/02/08/1550915/feng-shui-expert-property-boom-nearing-end-cycle

Is there a BUBBLE in Philippines Property? : see our BUBBLE DEBATE : http://www.greenenergyinvestors.com/index.php?showtopic=20877 =============================================== LAND Prices & CYCLES in Greater Manila may (should?) peak in 2016 or 2017 ALI / AyalaLand ... all-data : 10-yr : 5-yr : 2-yr : 6-mos : ( 2002/2003 + 14 years = 2016/2017 Expected Peak. based on the 18 year Cycle) Max Keiser Interviews Fred Harrison (2012) "The biggest gains are in Land" in rising market (and biggest drops in a falling market) The 18 year Cycle Explained > Basically, can be 14 years Up + 3-5 years down Mak,Prime GEI's 18-yr Cycles thread : http://www.greenenergyinvestors.com/index.php?showtopic=19927 The Three Drivers of Property Prices : https://youtu.be/FexeVO0wpf8

(For the Skeptics): This thread was started before the Peak in Hong Kong last year: http://hongkong.asiaxpat.com/forums/hong-kong-property-finance/threads/26777a7e-c2b6-4305-86c0-cc776e3fc5ea/is+it+possible+to+call+the+peak+3f/ Here's the Video on the Three Key things in Property Investing: The 18 Year Cycle:

MORE ... Research ideas for looking into Lending in PH... + Default rate would be interesting + Even more interesting would be a grid, showing default rate versus original Loan to Value. I suspect that L to V below 75% is much lower risk than above 75%. Below 70%, lower still. If you offer cheaper loans, you should have tighter criteria, There may be a sweet spot + I have been told that mortgage lending is a very profitable business + Some research into the legal issues of Loan Securitization may be required. Second stop, after google search, might be talking to law firms, who might want to get into this business. (ie drafting documents for loan securitizations) For a disrupter, the "bad deal" consumers are getting, means the market is ripe for innovation. You need to work with someone outside the monopoly, like a new bank entering the market, or an insurance company, that wants to compete with banks. Sir Richard Branson's Virgin Group was an example of a company that likes to disrupt the market by offering consumers a better deal. I do not know if AIA has that sort of culture, or who else might.

DISCUSSION: (in response to: I Understand: "the under-insured market and the bank spreads, but why are these two relevant to each other, in the sense that there is something that can be done to extract profit?" I posted this): It is pretty simple: + Loans are too expensive + Deposit rates are too low I say this because the banks spreads are double (or more) what they are in Hong Kong. An efficient lender ( a bank or insurance company) ought to be able to make a fortune here. I think other institutions can innovate to find ways to drive the spreads lower, and gain a customer base, while making good money. Exactly how, requires more knowledge of the market than I have now. But an idea might be to: Lend money to Mortgage borrowers at slightly under 5% interest, but under tighter Loan-to-Value criteria than the most risky loans, to keep the risk down, and then securitize those loans, and offer an investment product at say 2-3% interest to OFW's and other cash rich investors. That's just the outline of something that requires more fleshing out. in addition to THAT obvious opportunity, there are many more opportunities for innovation, as the article about AIA / FilAm suggested. One idea might be to study the market, come up with some ideas, and then approach FIlAm about job opportunities. In the prime of my financial career, I might have done something like that. Filam is said to be the market leader, and the "most profitable insurance co in the Philippines" All of this info was in my original post, but maybe this helps to elucidate it.

Signs of Financial health Int'l Reserves In US $ - rapid growth End 2005 : $ 18.494 bn End 2010 : $ 62.373 bn End 2013 : $ 83.831 bn End 2014 : $ 79.541 bn : GDP: J. : $ 80.717 billion F. : $ 80.837 billion : M : $ 80.459 billion : A : $ 80.850 billion : XXX% GDP M : $ 80.859 billion : XXX% GDP == > http://www.gov.ph/2015/06/05/gir-inches-up-to-us80-86-billion/ Opportunities The graph above shows the bank reserve ratio requirement among the Asian central banks. With 18 percent reserve ratio, and consequently lower loan-to-deposit ratio in the Philippines, the potential easing in monetary policy, such as further reserve ratio reduction, can help bank loan growth, which should bode well for both banking and housing markets. Any slowdown in China’s trend growth and capex accumulation should lower the prices of commodities and capital equipment globally, giving a boon to India. The seasonal pattern of monetary liquidity increases in Russia has been skewed toward the last months of the year—when balance of the budget funds are appropriated – thus setting a stage for a New Year equity rally. > http://www.usfunds.com/investor-library/investor-alert/chinae28099s-pyramid-of-power/#.VxqOynp7XIU

(it is getting easier to set up a business in the Philippines, or so they say) More Manufacturing, and better Ease of Business coming in PH Unlike other SEA countries, PH is less export-driven with only 34 percent of GDP from 1993-2013 coming from exports FDI / Foreign Direct Investment in 2013 / source Business Mirror, pg B4: 4/22/2016 Country---- : US$ Mn's--- - Electr.Cost Singapore : $ 64 billion : Indonesia- : $ 19 billion : Malaysia-- : $ 12 billion : 12 cents, Kuala Lumpur Thailand-- : $ 7.4 billion : 11 cents, Bangkok Philippines: $900 million: 25 cents, Manila Hong Kong: ------------------- : 19 cents China, mainland ------------ : 7 cents Oxford Economic estimates 5.5 percent annual growth from 2013 to 2030, as trends like the relocation of manufacturing from higher wage China to Philiipines and Vietnam continue. In addition to being a low wage country, PH also has a 100 million population on consumers, with many entering the middle class. + Average wages are now $3,344, or double the value of ten years ago. + There has been industrial peace under the Aquino administration + the old twin drawbacks of high energy prices, and relatively high taxes are being addressed (though slowly), and corruption is diminishing PH wants to improve its ease of doing business. It has already dropped from the #148 position (higher is harder), to #103rd, and is now aiming to make it into the best 1/2, at position # 63 or better, by the end of 2016 To open a new business, there were: + in 2015, 16 steps, that could be completed in 29 days + in 2016, this was reduced to six steps in 8 days, and the aim is for: + in 2017, three steps in three days Tax assessments and payments are also being simplified, including through the use of online payments (from Business Mirror, Apr. 22. 2016)

More Manufacturing, and better Ease of Business coming in PH Unlike other SEA countries, PH is less export-driven with only 34 percent of GDP from 1993-2013 coming from exports FDI / Foreign Direct Investment in 2013 / source Business Mirror, pg B4: 4/22/2016 Country---- US$ Mn's-- - Electr.Cost Singapore : $ 64 billion : Indonesia- : $ 19 billion : Malaysia-- : $ 12 billion : 12 cents, Kuala Lumpur Thailand-- : $ 7.4 billion : 11 cents, Bangkok Philippines: $900 million : 25 cents, Manila Hong Kong: --------------- : 19 cents China, mainland --------- : 7 cents Oxford Economic estimates 5.5 percent annual growth from 2013 to 2030, as trends like the relocation of manufacturing from higher wage China to Philiipines and Vietnam continue. In addition to being a low wage country, PH also has a 100 million population on consumers, with many entering the middle class. + Average wages are now $3,344, or double the value of ten years ago. + There has been industrial peace under the Aquino administration + the old twin drawbacks of high energy prices, and relatively high taxes are being addressed (though slowly), and corruption is diminishing PH wants to improve its ease of doing business. It has already dropped from the #148 position (higher is harder), to #103rd, and is now aiming to make it into the best 1/2, at position # 63 or better, by the end of 2016 To open a new business, there were: + in 2015, 16 steps, that could be completed in 29 days + in 2016, this was reduced to six steps in 8 days, and the aim is for: + in 2017, three steps in three days Tax assessments and payments are also being simplified, including through the use of online payments (from Business Mirror, Apr. 22. 2016)

Regus Office is inside Philam Tower Manila Philamlife Makati 18/F, Philamlife Tower, 8767 Paseo de Roxas, Makati City Metro, Manila, 1226 The virtual office in Philamlife Makati, Manila is located in a 46-storey tower which has a granite, steel and aluminum façade. It is home to many multinational companies and within walking distance of the Philippine Stock Exchange, major banking institutions, leading corporations and prestigious hotels. The virtual office is in the heart of Makati's central business district, has its own exclusive business club at penthouse level, and is ideally situated close to the airport. Metro Manila is the Philippines' major technology park, financial, commercial and economical hub and is often referred to as the financial capital of the Philippines. The virtual office is close to Ayala Avenue, which is often called the Wall Street of the Philippines. > http://www.regus.com.ph/locations/virtual-office/manila-philamlife-makati