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There has been a lot of talk lately about the "Real Estate Bubble", and a lot of folks are asking the question: "When it is going to burst"? <br><br>They are saying that the market just can't sustain this level of growth and appreciation much longer, and I hear them say that it is inevitable that it must come crashing down soon. People are worried. They don't think it can last; That whatever goes up, must come down. <br><br>These folks have been conditioned to believe what they believe most likely from the experience of the stock market bubble of 2000, and maybe the 1990's when the real estate market was hit hard in many large metropolitan areas across the country.<br><br>Its human nature to feel this way. We all know the saying (or the 80's tune for you big hair folks), "Once Bitten, Twice Shy". Or what about, "All good things must come to an end."? Its how we react to almost everything that affects our well being and general safety. Its a subconscious reaction at the gut level. <br><br>Just like in the stock market, there are bulls and bears. Bulls are typically more optimistic about the market and expect it go up, and bears are generally more pessimistic and expect the market to go down. They will always be there to provide free advice and "expert consulting". Remember though, who you decide to listen to will certainly have an effect on your decision making, and ultimately your success.<br><br>Well, I'm here to say that there is no real estate bubble! There never was a real estate bubble. Its a complete and utter fallacy.<br><br>"How can I say that?" you ask. I can say that because the real estate market is in reality, a Wave. Its a cycle, and we just happen to be riding the big swells, or the crest of this long, consistent, and fairly predictable pattern.<br><br>There is no doubt that real estate has been a rock solid investment for decades, and will continue to be for the foreseeable future and for many reasons that I would like to demonstrate here and now. Because you, as a real estate investor, must be able to move forward with confidence when deciding which projects and properties you want to buy and sell. That is the purpose of my website, website to provide you timely information, strategies and techniques to help you succeed.<br><br>But first, what is a bubble?  If you liked this posting and you would like to obtain more details regarding bubble shooter pet kindly check out our web-site. In terms of economics and markets, the best definition is probably something along the lines of "an isolated or ephemeral situation or condition with little support or substantiation from external conditions".<br><br>The best example, and the one foremost in the minds of us all, is the stock market tech bubble of 1999 and 2000. We all rushed into the tech stocks and the stock market in general as we saw the .com millionaires being made.<br><br>Y2K was a big factor in the tech bubble. People were buying new systems at a unprecedented rate in order to prepare for doomsday. People were also buying consumable goods to stock up for the dreadful event that never came.<br><br>So what was holding up, or supporting the "irrational exuberance" as Alan Greenspan characterized it? Well, we learned soon afterward, not much. It was an isolated, temporary incident that had little support from the other conditions. It was indeed like a bubble that burst. <br><br>And it has had little support since then. Historically speaking, after the stock market crash of 1929 and 1987, it took decades for the market to recover, although it did eventually recover. Just look at the Dow average and the S including interest rates, availability of funding, climate, and governmental policies. These are all important and you must be cognizant of their impacts to your strategy. <br><br>However, it is true no that matter what the rates are or how nice the climate is, people will continue to migrate where there are abundant job markets and affordable housing. If you can stay just slightly ahead of that migration, you will profit immensely.<br><br>Real Estate Investing is Diverse<br>You can invest in so many different ways, from foreclosures and fix and flips, to buy and hold and everything in between. Right now the commercial space is relatively soft. It will recover no doubt, but people investing in single family homes are probably doing slightly better in returns. Vacancies are up and rents are down for commercial properties, but fortunately, the forecast is for this sector to improve over the next few years.<br><br>The key to successful real estate investing is to understand the forces, trends, and conditions that are driving the market. BE AWARE of your surroundings; Read articles and stay on top of industry news; Look in your own area at the job market and forecasts. Check my website website for all the news and information you need to help you succeed in your real estate investing career.<br><br>There is no real estate bubble, but there is a real estate wave. Like any dedicated surfer, when the surf's up, get in the water and catch a wave! But watch for danger, be flexible, and be smart. Invest wisely and you can prosper in any real estate market.
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KATHMANDU, Nepal (AP) - In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost.<br><br>Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins.<br><br>A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows.<br><br>This photo taken Wednesday, July 19, 2017, shows a detail of a wooden crafted window partially damaged during Nepal's 2015 earthquake. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/Niranjan Shrestha)<br><br>The broken wooden beams are being replaced by new ones, but the workers are trying to use the salvaged portions as much as possible.<br><br>The "Silpakars" - as woodworkers from the Newar ethnic community are known - have passed down their craft and skills for generations.<br><br>"I am proud to continue by ancestral trade and help restore a big part of Nepal's history that was destroyed by the earthquake," said Shyam Krishna, chiseling away the wood pieces.<br><br>But he and his fellow workers are paid only about $15 a day each, which is much less than what they would earn as building furnishers.<br><br>"It is not about the money. We might make less money, but this is a moment of pride for us to be able to restore the heritage of our country," he said.<br><br>Already two years at work, they will likely another year to just get those windows, doors and beams ready.<br><br>Nepal faces criticism from the international community for slow progress in reconstruction work despite a $4.1 billion international pledge and the fact that the restoration of heritage sites has not been given a priority.<br><br>___<br><br>Associated Press writer Binaj Gurubacharya contributed to this report.<br><br>In this photo taken Wednesday, July 19, 2017, Puspa Lal Shilpakar crafts a wooden piece on a courtyard in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)<br><br>In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)<br><br>In this photo taken Wednesday, July 19, 2017, shows a sketch of the Harishankar temple, which was destroyed during Nepal's 2015 earthquake in Lalitpur. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/Niranjan Shrestha)<br><br>In this photo taken Wednesday, July 19, 2017, "Silpakars" or woodworkers from the Newar ethnic community work on a restoration project in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. A team of dedicated woodworkers is now trying to restore Nepal's heritage. (AP Photo/Niranjan Shrestha)<br><br>In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)<br><br>In this photo taken Thursday, July 20, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)<br><br>In this photo taken Friday, July 21, 2017, anelderly Nepalese man takes a rest at Patan Durbar Square in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)<br><br>In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)<br><br>This photo taken Friday, July 21, 2017 shows a general view of Patan Durbar Square, in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. A team of dedicated woodworkers is now trying to restore Nepal's heritage. (AP Photo/ Niranjan Shrestha)<br><br>When you loved this informative article and you would like to receive much more information about jewel star i implore you to visit our own site.

Revision as of 23:52, 23 November 2017

KATHMANDU, Nepal (AP) - In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost.

Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins.

A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows.

This photo taken Wednesday, July 19, 2017, shows a detail of a wooden crafted window partially damaged during Nepal's 2015 earthquake. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/Niranjan Shrestha)

The broken wooden beams are being replaced by new ones, but the workers are trying to use the salvaged portions as much as possible.

The "Silpakars" - as woodworkers from the Newar ethnic community are known - have passed down their craft and skills for generations.

"I am proud to continue by ancestral trade and help restore a big part of Nepal's history that was destroyed by the earthquake," said Shyam Krishna, chiseling away the wood pieces.

But he and his fellow workers are paid only about $15 a day each, which is much less than what they would earn as building furnishers.

"It is not about the money. We might make less money, but this is a moment of pride for us to be able to restore the heritage of our country," he said.

Already two years at work, they will likely another year to just get those windows, doors and beams ready.

Nepal faces criticism from the international community for slow progress in reconstruction work despite a $4.1 billion international pledge and the fact that the restoration of heritage sites has not been given a priority.

___

Associated Press writer Binaj Gurubacharya contributed to this report.

In this photo taken Wednesday, July 19, 2017, Puspa Lal Shilpakar crafts a wooden piece on a courtyard in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)

In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)

In this photo taken Wednesday, July 19, 2017, shows a sketch of the Harishankar temple, which was destroyed during Nepal's 2015 earthquake in Lalitpur. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/Niranjan Shrestha)

In this photo taken Wednesday, July 19, 2017, "Silpakars" or woodworkers from the Newar ethnic community work on a restoration project in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. A team of dedicated woodworkers is now trying to restore Nepal's heritage. (AP Photo/Niranjan Shrestha)

In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. A team of dedicated woodworkers is now trying to restore Nepal's heritage. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)

In this photo taken Thursday, July 20, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)

In this photo taken Friday, July 21, 2017, anelderly Nepalese man takes a rest at Patan Durbar Square in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. The structures were crumpled by the force of the tremor and the carved doors, roof and brick structure lay in ruins. (AP Photo/Niranjan Shrestha)

In this photo taken Wednesday, July 19, 2017, a woodworker from the Newar ethnic community carves wood in Lalitput, Nepal. In the rubble of Nepal's 2015 earthquake, a team of dedicated woodworkers is finding inspiration to recreate what was lost. They have been working six days a week, for nearly two years, repairing the beautifully hand-carved wooden doors and windows. (AP Photo/ Niranjan Shrestha)

This photo taken Friday, July 21, 2017 shows a general view of Patan Durbar Square, in Lalitpur, Nepal. Centuries-old Char Narayan and Hari Shankara temples were completely destroyed by the massive April 2015 earthquake that shook the Himalayan nation, killing nearly 9,000 people. The temples were the jewel of the Patar Durbar Square, which is thronged by thousands of tourists and local visitors every day. A team of dedicated woodworkers is now trying to restore Nepal's heritage. (AP Photo/ Niranjan Shrestha)

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