Keeping Financially Healthy During Covid-19 with Maria Rekrut on All Things Real Estate, July 02, 2020 at 8:00 pm EST. Maria Rekrut is a long time real estate investor who has seen many ups and downs in the economy since 1982, when she started her first business and has always made “Lemonade out of Lemons”. https://youtu.be/BwwyD5f0154
ESG considerations for real estate investors and how this will affect the real estate industry and how this all fits into the Environmental, social, and governance factors in real estate. Do we really understand the impact that ESG will have on our real estate investments, owning property in other jurisdictions and what impact this will have on our tenants!
Introduction: What does ESG stand for? It stands for: Environmental, Social, and Governance (ESG) investing has become increasingly popular in recent years. ESG investing is a way for investors to consider the impact of their investments on the environment, society, and corporate governance.
In today’s show, (this YouTube video), we will discuss how ESG will affect real estate investors and landlords. We will explore the benefits of ESG investing in real estate, the current trends in ESG investing, and how landlords can incorporate ESG into their properties.
This is the belief: Benefits of ESG Investing in Real Estate Landlords who prioritize ESG at their properties can expect higher rent, tax credits and incentives, and overall higher market value of their real estate investments.
This is the reality: The cost to change over your real estate property will prove to be very costly, and it may not be translated into getting more rent, no matter what is being sold to us as a bill of goods. Our tenants, for the most part, are trying to find the least expensive rental, never mind this new ESG protocol!! LOL I think we have to fix the economic problem, before we change over our properties into ESG compliant properties. This may be easier said than done for small landlords.
While the initial outlay of capital may seem burdensome to many real estate owners and investors, ignoring tenant needs and demands can inadvertently inhibit anticipated value growth. In addition to understanding tenant expectations, there are numerous benefits offered to companies willing to take the plunge into the ESG realm from a real estate perspective, including (but not limited to) tax credits, incentives, and favorable financing1. From both a social and financial perspective, ESG investing in real estate is a win-win situation.
Current Trends in ESG Investing 2020 was a watershed year for Environmental, Social and Governance (ESG) investing in real estate as pandemic- and climate-related disruption, along with growing recognition of social inequity, prompted investors to adopt a more robust approach to sustainability-related risks
With ESG now playing a much more prominent role in how companies operate, investors are embedding ESG considerations into every stage of the property lifecycle, from due diligence to acquisitions and from leasing to asset management. Recent legislation with ESG-related real estate impacts includes the European Union’s Sustainable Finance Disclosure Regulation (SFDR), which requires financial market participants to disclose how they integrate sustainability risks into their investment decision-making processes
How Landlords Can Incorporate ESG into Their Properties
The responsible investment agenda has led to a shift in approach from real estate investors, developers, and landlords, for whom sustainable developments and operations are becoming increasingly important. Landlords can incorporate ESG into their properties by implementing energy-efficient systems such as solar panels or LED lighting.
They can also use sustainable materials for construction or renovation projects. Additionally, landlords can promote social equity by providing affordable housing or partnering with local organizations that support community development.
By incorporating ESG into their properties, landlords can attract tenants who prioritize sustainability and social responsibility. I’m sure that there are tenants who will prioritize rentals being ESG compliant, but can they afford the extra rent it will cost them?
Conclusion:
ESG investing is becoming increasingly important in the real estate industry. Landlords who prioritize ESG at their properties can expect higher rent, tax credits and incentives, and overall higher market value of their real estate investments.
Current trends in ESG investing include embedding ESG considerations into every stage of the property lifecycle and complying with recent legislation such as the European Union’s Sustainable Finance Disclosure Regulation (SFDR). Landlords can incorporate ESG into their properties by implementing energy-efficient systems, using sustainable materials for construction or renovation projects, and promoting social equity. By incorporating ESG into their properties, landlords can attract tenants who prioritize sustainability and social responsibility.
Let’s Name the Pro’s and Con’s of ESG for Real Estate Investors, landlords and tenants
Higher upfront costs for ESG investments and certifications
Potential trade-offs between ESG goals and financial returns
Limited availability of ESG data and metrics for real estate assets
Difficulty in measuring the impact of ESG investments on financial performance
Potential for greenwashing or misrepresentation of ESG efforts by companies
Complexity of ESG regulations and standards, leading to compliance challenges
Limited availability of skilled professionals with expertise in ESG for real estate
Potential for conflicts between ESG goals and tenant preferences or needs
Difficulty in retrofitting existing buildings to meet ESG standards
Limited availability of green building materials and technologies in some markets
We have examined both the pros and cons of ESG as it relates to the Real Estate investor, Landlord and Tenant. Now it’s up to you as a business owner to either embrace this new protocol or go against it. The buck is now in your back pocket!!~
The UK government has begun testing for asymptomatic bird flu. Two people who worked in poultry farms have tested positive. The government says that bird flu contamination can come from “the nose and throat from breathing in material on the affected farm or can be true infection. It can be difficult to distinguish these in people who have no symptoms.”
There is no evidence that there has been human-to-human contamination. This has some people feeling pretty nervous about another asymptomatic pandemic, understandably so. It also feels a bit uncomfortable when coupled with news like this: vaccine makers recently said that they are prepping bird flu shots for humans, “”just in case.””
Now children’s hospitals around the world say that they are preparing for the next pandemic, also “”just in case.”” What are we in for here?
“15 minute cities” and their potential locations and pros and cons in 2023:
The rise of the “15 minute city” has been gaining momentum in recent years. The core idea is that people should be able to meet most of their daily needs within a 15 minute walk or bike ride from home. This includes access to workplaces, housing, retail, healthcare, education, food, culture and entertainment, leisure, and green spaces.
Proponents argue that 15 minute cities lead to more livable, sustainable and equitable communities. They reduce traffic and pollution, encourage more walking and cycling, foster stronger local communities, and make cities more resilient in the face of challenges like climate change. However, there are also significant costs, trade-offs and complications to implementing 15 minute cities at scale.
In 2023, some of the cities poised to realize the 15 minute city vision include Paris, Barcelona, Melbourne, Portland (Oregon), and Amsterdam. These cities have committed to reducing car dependence, investing in public transit and bike lanes, improving walkability, and decentralized services. Paris aims to make the entire city carbon neutral by 2050 with dense, mixed-use neighborhoods where people can live, work, and play within a 15 minute radius.
Barcelona has launched “superblocks” that limit cars and make multi-acre areas of the city available for walking, socializing and recreation. Melbourne aims to become one of the world’s most liveable cities by 2030 with “20 minute neighborhoods” across the city. Portland has focused on transit-oriented development, bike lanes, and pedestrian pockets to enable short commutes. And Amsterdam continues to prioritize cycling, with a goal that half of all trips are by bike in 2025.
Proponents argue these 15 minute cities will reduce traffic and overcrowding, decrease emissions, make urban living more affordable and joyful, strengthen local businesses, improve public health, and create safer communities where people can thrive at every stage of life. However, there are also likely to be disruptions and downsides. Some people may face longer commutes or fewer job opportunities within a 15-minute radius. There could be impacts on retail, especially larger stores or businesses with regional appeal. Property values could decrease in some areas. And there may be issues of inequity if access to opportunities and amenities varies in different neighborhoods.
Transitioning cities to a 15 minute model at scale will not be easy and will require effort, funding, and policy changes. But if successful, 15 minute cities could reshape life in urban areas and lead to a future of cities that are healthier, greener, more vibrant and livable. The journey to a 15 minute city may not always be quick, but for many, the potential benefits will make it worthwhile.
What are some of the challenges that cities face when transitioning to a 15 minute model?
Here are some of the key challenges cities face in transitioning to a 15 minute model:
•Funding constraints. Making major changes to infrastructure, transportation systems, and land use policies requires significant funding which many cities struggle with. Transitioning to 15 minute cities can be costly.
•Inertia and resistance. Established systems, habits, and ways of doing things can be hard to change. There is often resistance to modifying long-standing policies, procedures, and patterns of development and transportation.
•Inequitable impacts. Access to opportunities and amenities may vary in different neighborhoods within a 15 minute radius. This could disproportionately benefit higher-income areas and further marginalize disadvantaged communities.
•Impact on local businesses. Some local businesses like larger retailers or regional attractions may face declining customer access or traffic. This could force some to close, relocate or downsize.
•Property value debates. While 15 minute cities aim to increase livability and affordability, they could potentially decrease property values in some areas, at least in the short-term. This may lead to opposition from homeowners and real estate interests.
•Limiting choice? A 15 minute model aims to restrict distance from opportunities, but this could also limit people’s choices and flexibility. Not everyone wants to have everything within a 15 minute radius.
•Differing priorities. Stakeholders like residents, businesses, developers, city planners, and politicians may have competing priorities for a city that don’t always align with the goals of a 15 minute city.
•Data and metrics challenges. It can be difficult to determine exactly how much of a city’s amenities and opportunities really need to be within a 15 minute trip. There are few agreed upon metrics for what constitutes a successful 15 minute city.
•Perception of reduced mobility. A focus on shorter trips and proximity could be perceived as limiting mobility options or freedom of movement by some. Not all trips and destinations may fit within a 15 minute radius.
Those are some of the most significant challenges, but also opportunities, that cities must grapple with in designing and implementing 15 minute communities. Transitioning an existing city is complex, but with commitment and compromise, these challenges can likely be addressed.
How can cities ensure that the transition to 15 minute cities is equitable?
Here are some key ways cities can help ensure an equitable transition to 15 minute cities:
•Conduct equity analyses. Conducting audits and analyses of current inequities, lack of access, and marginalized communities can help identify where to prioritize changes. Seek input from disadvantaged groups.
•Distribute benefits and burdens fairly. When making changes, consider how costs, impacts, and benefits are distributed across different communities. Avoid disproportionately burdening some areas or groups.
•Prioritize disadvantaged neighborhoods. Explicitly prioritize infrastructure, amenities and policy changes in low-income neighborhoods, communities of color, and other marginalized areas. Try to level the playing field.
•Improve access for all. Make sure that changes enhance access, mobility and proximity to opportunities for people of all incomes, abilities, races, and backgrounds. Not just for some groups or neighborhoods.
•Address displacement concerns. Be cognizant of the potential for increased gentrification and displacement of long-time, lower-income residents. Implement anti-displacement policies like affordable housing requirements, rent control, and tenant protections.
•Invest in job access and skills training. If jobs may be further from home in a 15 minute city, enhanced public transit, bike infrastructure and skills/job training programs can help address barriers to opportunity.
•Ensure inclusive design. Engage diverse communities in the planning and design process. Consider different perspectives, needs, and obstacles people face. Make sure infrastructure and spaces meet accessibility standards and accommodate different populations.
•Consider mobility options for all. While focusing on walking and biking, also maintain and improve public transit options that provide links beyond a 15 minute radius. This enables people to reach jobs, services and communities beyond their local area.
•Evaluate, monitor and make adjustments. Build evaluation and ongoing monitoring into the transition process. Ensure changes have the desired benefits and are not exacerbating inequities. Be willing to make incremental adjustments where needed to better achieve equitable and just outcomes.
With proactive efforts across these areas, cities can transform into more just, livable and sustainable 15 minute communities for all residents, not just some. Equity must be a key guiding principle throughout the transition.LikeDislikeShareTell me more.How can cities ensure that marginalized communities are included in the planning process?What are some examples of anti-displacement policies that cities can implement?How can cities ensure that the benefits of 15 minute cities are distributed fairly?
Here are more sources to read and watch videos. Make sure that you do your own research and always, always “Look Behind The Curtain!” Maria Rekrut
How the dream of 15-minute cities was twisted into a nightmare
From an environmentally-forward approach to urban planning to misunderstood and maligned on the internet, how did this well-meaning concept get so twisted?
For many urban planners, it felt like a no-brainer: Who wouldn’t want to live closer to their workplace, school or grocery store?
But in the past few months, the 15-minute city — in which, its proponents argue, all of your major services would be a mere 15-minute walk or bike ride from where you live — has gone from under the radar to online controversy.
“It’s this really positive idea of trying to make cities more livable,” says Tim Caulfield, a University of Alberta professor and misinformation expert.
People online have begun to argue that the 15-minute idea is a way to create the infrastructure to lock people into their neighbourhoods.
“You can directly refute their claims,” Caulfield says. “People in Oxford have done that, people in Paris have done it, saying ‘We are not going to restrict people’s movements.’ It does not stop the conspiracy theory.”
The concept was coined in 2016 by a Franco-Colombian professor, Carlos Moreno, who argued that if everyone had more amenities in their neighbourhood, it would be better for both the environment and the people who lived there.
Yes, part of the plan was to reduce reliance on cars because, as Moreno wrote in a paper published in 2021, while cars had led to opportunities in mobility and trade, they’d also had “negative and severe impacts” on our social fabric, including more traffic, air pollution and fewer parks and local businesses.
The idea won awards, and was adopted by cities around the world, most notably, Paris.
Then came the pandemic, which saw many people spending more time in the own neighbourhood than they had before. Suddenly, advocates say, people realized how valuable it would be to know their neighbours and be able to shop and work close to home.
But the pandemic also further chipped away at trust in institutions such as government and media. When a few British cities proposed new walkability plans last fall, these ideas were seized on by people critical of public health restrictions who argued, without evidence, that they were laying the groundwork for future lockdowns.
To reduce carbon emissions and meet climate goals, politicians in Oxford are attempting to restrict the number of times some vehicles can drive through the city each year while still allowing unlimited access via the City’s ring road. The city also has a long-term plan to be a 15-minute city, where food, medicine, education, and leisure facilities are all within a 15-minute walk or cycle from someone’s front door. This plan has been conflated with its traffic-restriction trial by conspiracy theories that present the measures as a form of climate lockdown. Newsnight’s Science Correspondent Kate Lamble reports on how a conspiracy theory about “15-minute cities” became tangled with some people’s real concerns over the measures.
Traffic is a growing problem in many U.S. cities. Instead of adding more streets to accommodate cars, a growing movement is pushing to ban them in dense areas like New York City. This would give more space for bike lanes, bus routes and pedestrian plazas while also reducing noise and air pollution.
How the CBDC’s will change the way we do real estate worldwide
I’m hosting How Central Bank Digital Currency Will Change Real Estate!!. Would you like to attend? https://www.linkedin.com/events/howcentralbankdigitalcurrencywi7058986983859105792/
Linkedin Audio Only – May 02, 2023 at 9 pm EST- 10 pm EST
How Central Bank Digital Currency Will Change Real Estate!!
What CBDC Will Mean to Real Estate Investors and Landlords. Central Bank Digital Currencies: Funny Money That Will Destroy What’s Left of Private Property, Free Markets, & Personal Liberty!!
The world of real estate is ever-changing, and the introduction of Central Bank Digital Currencies (CBDCs) could be a game changer.
CBDCs are digital currencies issued by central banks that can be used for payments and other transactions just like any other currency. With the potential to reduce transaction costs, increase transparency, and provide greater liquidity in global markets, CBDCs have the potential to revolutionize how we do real estate worldwide.
The world of real estate is on the brink of a revolutionary shift. With the introduction of Central Bank Digital Currencies (CBDCs), we are set to witness an unprecedented transformation in how people buy, sell, and manage property across the globe.
CBDCs are digital forms of money that can be used for transactions between two parties without going through a third-party intermediary like banks or other financial institutions. They provide users with greater control over their finances while also reducing transaction costs and increasing speed compared to traditional methods such as cash or credit cards. This makes them ideal for use in real estate transactions where time and cost savings can make all the difference when it comes to closing deals quickly and efficiently.
One major benefit CBDCs offer is enhanced security due to their encrypted nature—allowing buyers and sellers alike peace-of-mind knowing that their data will remain safe from potential hackers or fraudsters who might try to steal sensitive information during a transaction process involving large sums of money like those seen in real estate purchases/leases/transfers etc.. Additionally, since these currencies exist only within digital networks they allow for more flexibility when it comes time making payments; allowing users access funds at any given moment regardless if there’s physical currency available nearby which could come especially handy during times when local banking options may not be accessible due unforeseen circumstances such as pandemics or natural disasters etc..
Furthermore, by utilizing blockchain technology CBDC’S bring forth increased transparency into every step taken throughout each deal ensuring both sides involved have full visibility over what has been agreed upon before signing off on anything – this helps reduce risks associated with miscommunication & misunderstanding which often leads too costly disputes down line caused by one side claiming something was promised but never delivered upon after contract had already been signed off on etc… All this combined allows us better trust & confidence amongst all participants thus creating much smoother experiences overall leading towards quicker resolution cycles thus ultimately resulting faster closings!
In conclusion: The implementation Of CBDCS will change how we do Real Estate worldwide bringing about improved safety measures along with reduced costs & increased efficiency – All together allowing us get closer than ever before towards achieving our ultimate goal: providing everyone around planet access secure reliable means buying selling properties no matter where they live!
The world of real estate is ever-changing, and the introduction of Central Bank Digital Currencies (CBDCs) could be a game changer. CBDCs are digital currencies issued by central banks that can be used for payments and other transactions just like any other currency. With the potential to reduce transaction costs, increase transparency, and provide greater liquidity in global markets, CBDCs have the potential to revolutionize how we do real estate worldwide.
First off, let’s explore how CBDCs could reduce transaction costs associated with buying or selling property globally. By using a digital form of payment rather than traditional methods such as cash or wire transfers which involve hefty fees for international transactions due to foreign exchange rates etc., buyers would save money on these fees when purchasing properties abroad through use of a CBDC . Additionally , sellers would benefit from receiving their funds faster since there’d no longer be delays caused by traditional payment processing times associated with sending money across borders via conventional means .
Furthermore , increased transparency is another area where this technology can make an impact on our current system . Currently , it’ s difficult to track down all parties involved in any given real estate deal due partly because many countries don’t share information about who owns what land or property across borders easily – but if every party was required to use some kindof common platform backed up by blockchain technology then everyone involved in each step alongthe way could see exactly who did what throughout the entire process thus eliminating much confusion that often arises between buyer/seller during international deals nowdays .
Lastly, liquidity within global markets will also likely improve thanks largely to instant settlement capabilities offered by these new forms of currency, which will allow those looking to buy or sell property overseas much more flexibility when it comes time to trade assets quickly without having to wait for days at a time while funds clear through various banking channels first before they’re able to officially complete their deal ! This should lead to better pricing and more efficient marketplaces over all, making real estate investments much smoother experiences all around .
Another advantage worth noting here is privacy – something that has become increasingly important in today’s society, especially when dealing with sensitive financial matters such as real estate purchases where you’d want to be sure your transactions remain secure yet accessible only those involved directly in them so as not invite unwanted attention from outside sources trying gain.
Central Bank Digital Currencies: Funny Money That Will Destroy What’s Left Of Private Property, Free Markets, & Personal Liberty
BEWARE OF THIS NEW MONETARY UNIT. We will all become slaves to the elite. WATCH OUT FOR MY PODCAST, WHERE I WILL EXPLAIN HOW THIS WILL IMPACT YOUR LIVES!! Maria Rekrut
IMF Unveils New Global Currency Known As The “Universal Monetary Unit” To “Transform” World Economy
Central Bank Digital Currency – CBDC – How This Will Affect Your Business!
Please join in the conversation! Send a message if you want your opinion to be heard!! Join me on The Maria Rekrut Radio Show on Thursday, May 11, 2023, at 5 p.m. EST, on the 4680Q radio station!!
Our hot topic this week on The Maria Rekrut Radio Show will be Central Bank Digital Currency (CBDC) What are your thoughts on this?? Do you have an opinion?
Join my live show on: https://4680q.com/ I’ll have some live guests discuss this and how it will affect the way we do business and how we buy, sell, and own real estate, plus how your rights as a landowner will be taken away from you.
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