Estate
in sentence
855 examples of Estate in a sentence
After originally threatening a variety of negative changes in US policy toward China, Trump invited Chinese President Xi Jinping to his Florida
estate
for what both countries agree was an amicable visit.
All businesses need manufactured products, transportation, information and communications technology (ICT), logistics, real estate, finance, insurance, and more.
China’s transportation, ICT, finance, insurance, real estate, education, and health-care sectors have long had inappropriately low labor productivity, which means they have significant room to grow faster.
Examining economic development trends in South Korea, the authors find that the average value added per worker in transportation, real estate, and ICT is now higher than the average in manufacturing, and they point to similar dynamics in the United States, Japan, and China.
Each of a thriving service economy’s major components – ICT, finance, insurance, transportation, and real
estate
– needs the others to prosper, and cities are what bring them all together – a phenomenon of network externalities.
In many countries, the majority of that wealth – and the lion’s share of the increase – is accounted for by housing and commercial real estate, and most of that wealth resides not in the value of the buildings, but in the value of the urban land on which it sits.
Instead, an increasing share of consumer expenditure is devoted to buying goods and services that are rich in fashion, design, and subjective brand values, and to competing for ownership of location-specific real
estate.
Moreover, returns on real
estate
have been swollen by the dramatic fall in interest rates over the last 25 years, a decline that was far advanced even before the 2008 financial crisis.
First, it may be inherently unstable, because the more that wealth resides in real estate, the more the financial system will provide leverage to support real-estate speculation, which has been at the heart of all of the world’s worst financial crises.
A low VIX signals a “risk-on” period, when investors “reach for yield,” exchanging US Treasury bills and other safe-haven securities for riskier assets like stocks, corporate bonds, real estate, and carry-trade currencies.
No matter how badly it mismanages its business – Lehman essentially transformed itself into a real
estate
holding company totally dependent on a continuing US housing bubble – the creditors of a big financial institution should always get repaid.
NEW HAVEN – In recent months, concern has intensified among the world’s financial experts and news media that overheated asset markets – real estate, equities, and long-term bonds – could lead to a major correction and another economic crisis.
But illiquid real
estate
cannot solidly underpin a stable market for overnight obligations forever.
That misunderstanding encouraged people to buy homes for their investment value – and thus was a major cause of the real
estate
bubbles around the world whose collapse fueled the current economic crisis.
The kinds of expectations for real
estate
prices that have informed public thinking during the recent bubbles were often totally unrealistic.
The sobering truth is that the current world economic crisis was substantially caused by the collapse of speculative bubbles in real
estate
(and stock) markets – bubbles that were made possible by widespread misunderstandings of the factors influencing prices.
A few years ago, the US reduced federal taxes on capital income and phased out the
estate
tax, benefiting only the upper 1% – moves widely viewed as demonstrating the political power of the rich.
His business activities include brokering sales of oil-field equipment to Iraq (causing huge losses for Chinese state-owned oil companies); construction of hydroelectric power stations in Sichuan (where his father was the provincial party boss from 1997 to 2002); providing information technology for 8,000 state-owned gas stations; and investments in real estate, oil exploration, and toll roads.
But it has led to significant wasted investment in heavy industry, real estate, and urban infrastructure, and leaves China facing the challenge of deleveraging and working out bad debts.
As Joe Studwell argues persuasively in his book How Asia Works, neither Japan nor South Korea based its successful economic development on free markets in credit supply; instead, they relied on the deliberate direction of credit toward industrial development rather than real
estate
or consumption.
One striking feature of the Chinese economy, however, is that real
estate
and urban infrastructure development – high-rise housing, grand transport projects, convention centers, sports stadiums, and museums – already play a far more important role than they did in Japan and South Korea at comparable stages of economic development.
In fact, construction and real
estate
are the most promising candidates, as they account for roughly one-third of European fixed investment and more than 17 million jobs.
“Mao-Nixon” 2.0BEIJING – The “Sunnylands summit,” which brings together Chinese President Xi Jinping and US President Barack Obama at a California
estate
this weekend, may prove to be a watershed in relations between the world’s largest and second-largest economies.
But their profitability depended on two shaky foundations: a permanent fall in long-term risky real interest rates, and permanent optimism about real
estate
as an asset class.
Historically, the gap between expected returns on low-risk assets like government or investment-grade bonds and high-risk assets like stocks and real
estate
has been very high.
Instead, the profitable carving up of healthy companies has freed up capital to flow to intangible assets, houses and other forms of real estate, fueling a speculative crisis.
China’s investment consists of mainly three broad categories: manufacturing industry, infrastructure, and real
estate.
Today, both infrastructure and real
estate
are important drivers of China’s growth.
First, unlike other categories of investment, real
estate
investment does not increase productive capital stock.
How could such a global pattern emerge when real
estate
is the most local of all assets?
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