-- in processes like real estate to be more secure.hink about it. five years ago you would be backstopped back and forth. of that paper lands on someone's desk. it is not secure. it is not private. anyone walking into that office can pick up that paper. what the internet has done is create an ecosystem where all of those activities, anything changed, all of that information reduces acked, which more complete and secure experience across the board. >> doing deals, ipo, private equity -- all sorts of things are done that way. is your company doing that but with special expertise in real estate so you have the processes appropriate for this kind of transaction? >> there is certainly a deal room, but we have created a workspace. it is not just a place where the information can be stored. we call it the loop. people can come together to get things done. in a world where we are all connected through our mobile phone or our e-mail inbox, there is a new opportunity and an ability to collaborate with one another online as though we were sitting

i own real-estate which is how ride on commercial real without having met a market on. cowboys educate yourself on financial issues. protect your assets. start getting some insurance. your home becomes an asset overtime and you should have insurance on that. in case a tree falls on its. refill your insurance policies. and other assets. once think you have is your ability to earn income. to get disability and assurance. if you're 45 f-16 and more of work. police five times his salary at this point in time. because you still have time we're incoming something. nonetheless i have live simply. i would rather you save today and party later if you have a million by age 45 but until you get to that point you're not ready for retirement 3 1 million to $2 million. get a life with an insurance policy. if you have 15 years. again 15 years term life. for think that's what you want to do. cover your work of lawyers until you are retired. if you die after you start or stop working your family will get that and be charitable. i talk a lot about money and the importance of it but it's

they're trying to get into real estate. they saw their parents go through a lot.s on everything that you do and to accumulate a asset and not a liability. when you get a raise, put it in your 401k. do not take it comes in it. accumulate stocks, real estate, and always be saveing on a monthly basis. >> you can go to a new focus.com to find him. >> we will take a break. when we return we will talk about investing. >> welcome back. we are talking about wealth, creating a. one of the best assets is real estate. let's bring get expert. >> he is with a loan of service. one of the general rules of thumb is to buy a home. in the bay area, that is not the case. there's not a lot of $250,000 homes in the bay area. >> the price is one of the best factors. they are bringing in low down payments, low credit scores. they're looking at higher rates: 4. going for. they are facing financial problems as well as inventory. you're looking at people stand in their own lumber. those are the quality errors. maybe just saving rent, they want to get into real estate so that they can have

one asset is real estate. it has gotten out of hand in the bay area. >> we will talk with an expert. one of the general rules of thumb is to buy a home. in the bay area a hundred thousand dollars is not a lot >> the price is one of the sacrifices. they are bringing and low down payment, low credit scores. there are looking at higher prices board forward. this will limit their debt to ratio. they are facing financial problems as well as inventory problems. we are looking at people stand in their home longer. that will make these sacrifices getting out of town homes, may be saving for rents. they have to get in real estate. they won't have someone else build equity. they have to make sacrifices. that is what 2014 will lead to. >> let's go back in time, back in my 20s i purchased a town house. it led to a million dollar property. back then i had a starter home, basically i had a good budget, a good income. now you are looking at having a partner, whether is married, or just a friend. >> is still below incomer. ta

pe. >> let's talk about real estate first.rivate equity makes money from selling assets all right, and then they get fees for managing funds at a performance level that exceeds thresholds. complex,gate office they sold a ton of office portfolio. in its the fourth quarter, it took three companies public. hilton, extended stay -- >> all of these were huge, by the way. these are franchises. >> right. they are franchises, and they are usually marked at a lower level in the portfolio and they are when they become public, and after the ipo, think about ,ilton where it has performed giving blackstone a 10 million dollar profit on paper and that is reflected in the numbers. >> 40% of blackstone's investment last year were outside of the u.s.. where were they? >> it is an interesting statistic, a record amount of deal proportion outside of the u.s.. all of last year, for private equity in the u.s., equity markets were strong. markets were rallying, and that means prices to do new deals were really high. they looked at asia, slowing dow

and to manage our real estate and our actually plan for and how to plan for how the real estate it going to be used is important. and not that we fill up the land but think about how we can use it effectively and there are places in san francisco where we can do even more development and the bridge for the housing that the teachers are seeking as well to stay and work in san francisco with the familis that we have keep here as well. thank you. >> it is always so great to be back here, and i feel so much incredible love every time that i come back. it is great to see everyone, and it is great to see all of my colleagues in public education, it is exciting to be here, i have two issues one on surplus property and restorive justice and reducing suspensions an issue that i passionate about when i was at the school board, but the last piece of policy that i co-authored is reexamining the surplus property. and when we are on the school board the one thing that i felt like we are saying that we don't have enough of this, pencils, teachers, you don't have enough supplies, dollars, but, after two

super so joel alley draw real estate equities is not only the larger real estate company across the country right but to date most of your tenants have been traditionally bio tech companies; right? with wet labs; right? so digital life is different i'm curious where do you think the digital health will fit a year from now or 15 years from now and what can alexandra do it's a bridge between digital and health >> we actually have a board vision we started in 1994 and 14rbd our 2w0ub9 of 24th anniversary. so we started with a business plan and a mindset to be at the intersection of the real estate longer value but boarder this and that that's a huge industry it employes 3 and a half million people. but one of the first things we did in the bay are area we bought a set of buildings from a company that was leaving and larry came along and did google's first champions and put in a skateboard park so we had some interesting issues then we started a new venture headed by amanda who made the intro to us personally so we've invest in google in a budget share and still own part of that stock. all retu

a lot of people said that after the big real estate crash of 1989. um, "the institutions are different now." um, it's never true. there's always going to be another bubble.

my name is a natalie i'm a real estate manager. first looked like to thank the planning staff and greatly appreciate the stakeholder meetings and will like to continue participating through this process. we have 15 stores and we've organized here. we have 2 stores p that are actively going through the process of redevelopment. several of our stores are for innovation or mixed use and we're elevating the store location in underserved areas and likely will have a couple of more perhaps in the near future. i'd like to touch on two things regarding the data collection. first, we appreciate that grocery is being discussed as a separate item. the formula retail language is what was acknowledged one-size-fits-all and those discussions we realize the neighborhood nets the paramedic and other factual into one category i want to see more research in the study. the study is going to be you touching on employment and labor. i'm not sure how deep that discussion is going to be but add union labor and union grocery store and we'll appreciate hav

most people rely on real estate professionals to tell them how it all works. they assume the lender will not lend the money unless the lender is confident they will be able to repay the loan. but if the lender does not check on important facts, like income, savings, and debt load, it is impossible for the lender to know how much the consumer can spend each month on the mortgage. the lender cannot know whether the consumer can truly afford a loan if the lender only looks at whether the consumer can afford monthly payments under and ended up we teaser rate which may be irrelevant after the cheaper rate expires. in the lead up to the crisis we saw this happen over and over again. some mortgage businesses stopped their inquiries well short of the kind of due diligence needed to lend money responsibly. some joined their customers to engage in wishful thinking. some trick people into believing they could afford loans when they could not. some falsified the numbers to make them look like they could work. certainly some consumers should have known better and make very

real estate. a gritty, commercial banks, computers, and then oil and gas. >> that is another concert, where the investments lie. we will fight for years, stories, by looking through the stock holdings that these congressional members have. the requirements to disclose this are really weak. ock prices are reporting right now, but these go back. >> are they ever reviewed? >> i have seen these documents filed by hand so the computer cannot scan them so they do not end up in a database. this is difficult in duration to even find when it is really well that where people in congress are deciding to make personal investments at those of us in the financial markets or people who are journalists cover a talk about.- and talk >> and is not just real estate, but when they are investing in stocks, ge is at the top of the list, procter & gamble, microsoft, wells fargo, and apple. questionerms of that of conflict of interest, a lot of members invest in mutual funds, hedge funds, managed portfolios, because if y

a lot of people said that after the big real estate crash of 1989. um, "the institutions are different now." um, it's never true. there's always going to be another bubble. a7gucç >> hello and welcome to global 3000. your weekly check on the issues that affect us all. here is what we have coming up for you today -- biodiversity in south africa. people fight to preserve their ancient land. the long struggle for peace in colombia. a piece and up of -- a priest and a poet seek ways to end the bloodshed.

it's an issue that's very important to the real estate industry. it is also very complicated. people have worked long hours to sort out the implications of specific language designed to improve the loan experience for consumers. through it all, there has been a common goal to ensure consumer'' protection from risky loans but maintain their ready access to credit -- a tough balance. we have been very involved in shaping the debate surrounding as for theas well important qualified mortgage provision as well. to give you an idea of how we got to where we are today, i thought we all -- we ought to do . little background following the financial crisis related to mortgage lending, lawmakers passed -- and this is a mouthful -- the dodd frank wall street reform and consumer protection act. we have shortened that, thank goodness, but it was signed into law in july 2010. its purpose was to strengthen the regulatory environment and to protect consumers. as written, the rule includes and says provisions that lenders must make responsible, good faith determination that a mortgage is andrda

real-estate millionaires scott and amie yancey, the stars of a&e's hit reality-tv show "flipping vegasee one-of-a-kind live event that will show you exactly how you could start making money in real estate right now, right here in the san francisco area, even if you currently have no cash, no credit, and no real-estate experience. and here to tell you all about it is your host, suzanne sena. >> hi, everyone. i'm suzanne sena. my very special guests today, scott and amie yancey, say regardless of your current financial situation or experience level, they can show you how you could start making money in real estate right now, and they're hosting a free event here in your hometown to show you exactly how to do just that. scott and amie, thank you both for joining us today. >> thanks for having us. >> it's great to be here. >> you know, you both have made millions of dollars doing real-estate deals all around the country. and, of course, you have the number-one-rated daytime tv show on the a&e network, "flipping vegas," and that follows you around as you continue to make money on even more

a lot of people said that after the big real estate crash of 1989. um, "the institutions are different now." um, it's never true. there's always going to be another bubble. 01/13/14 01/13/14 [captioning made possible by democracy now!] >> from pacifica, this is democracy now! >> the capability to defend themselves by themselves, that is our duty. we have to defend our lives. >> ariel sharon, one of the most dominant political figures in israel's history, has died at the age of 85. among those who spoke atis

coming up, property lawyer ff will discuss the real estate market as some real estate holdings are being. ♪ >> blackberry is putting its real estate up for sale in the latest move by the new ceo to win back investors confidence. hugo miller has details from our toronto euro. why now? morning, there is a small matter of about 10,000 jobs that have been cut in recent years. they are setting a lot of empty real estate. secondly, like barry needs cash. they've got a lot out it only helps to reassure investors to say we did not burn through 500 million dollars, we added it to our cash reserves. it's a combination of those things. that itmply the fact makes the company -- it gives them more flexibility because even though it is selling its assets, it is leasing them back which allows them to do deals to add leases to revisit -- to reduce cost more efficiently. >> given some flexibility and the new -- john chen, ceo, is making some believers out of people who have been critical of the company? >> he is charming with skeptics. the short-sellers are perhaps in retreat. the shortselling by dems th

the market for sustain able real estate market block six. i would like to thank ed for his incredible innovative building design and chuck pally from ko construction, our contractors. i want to personally thank brian lawrence and bruce am as -- armstrong for their incredible assistance to getting us to this point and lastly my partner and brother-in-law lee for his tireless work for nearly 4 years in bringing all of the pieces of this amazing puzzle together. thank you everyone and everyone i did not mention. before i bring up the mayor, i would like to discuss something. we also install a time capsule. we want to make the time capsule more meaningful. in addition to burying it on the sight, -- site, we plan to have a display of it. most likely and most obviously it will be how dumb our smartphones are for that time. i guess i should show you what it looks like. we are actually not going to bury it today. we are going to take some suggestions. anybody ha has any interesting ideas, please be sure to let one of us know. so far our partners at

what is the real estate aspect?that's a relatively minor part of it because it gets dwarfed by the numbers -- they don't care how much they pay for the real estate because the numbers are so gigantic in terms of the gaming and the take -- notreal estate heart is that much dollar wise. locations like in las vegas or atlantic city, that's important. you want to be in macau because it does seven times what las vegas does. how much you pay is not terribly important. location is important. cost of construction doesn't matter? wenot in any of the markets are talking about. it's a relatively minor part. >> in asia, these are pretty developers are like superman. they are idolized. is there anyone you admire there as a property developer? >> i don't know enough of them. we are doing a deal in china with a development company and they are terrific. they are i think the second largest developer in china and 10e held four of the last tallest buildings. have they been easy to work with? wonderful. developerbly the top in china.

there is a bubble in real estate in san francisco.ties are not losing popularity enough to lower real estate prices. new york city and san francisco are always going to be popular. a popular valley is place to live as facebook creates condominiums for employees. >> someone recently suggested silicon valley should be its own city. >> thank you for joining us, that is it for "on the markets." "bloomberg west" is up next. ♪ >> live from pier three in san francisco, welcome to the early edition of "bloomberg west," where we cover the technology companies that are reshaping our world. i am emily chang. let's get to the rundown. target reveals that the security breaches far bigger than originally thought. 70 million customers may be af

a manhattan real estate broker accepting bitcoin for transactions for real. brokerage that is accepting the currency speaks to me next. you know dolly will have a thing or two to say about that. you're watching cnbc, first in business worldwide. >>> welcome back. so jetblue halts flights at four major airports in the northeast. thousands of flights of other carriers already delayed or canceled in. in short, it's a mess. let's go live to phil lebeau at chicago's o'hare airport. phil? >> reporter: a lot of frustrated travelers here at o'hare airport. back here we still have several hundred people who are rebooking their flights at american airlines. all day long these people have been standing in line. many have seen their flights canceled two or three times. overall, when you look across the united states, more than 4,000 flights have been canceled. according to flightaware.com. more than 11,000 have been delayed. i'd like to tell you it's going to get better, but, unfortunately, this deep freeze is going to be sitting over the upper 34es at least for another

a housing affordability and evictions crisis not seen since the venture-capital tech surge and real estate speculation frenzy of the late 1990s "dot com boom." your response in the last two months certainly deserves credit - - first, in supporting the preference legislation for ellis evictees from private-owned rental housing to get into city-subsidized affordable units, and second, your executive directive prioritizing approvals for affordable housing projects in recognition that the real estate market is leaving out more and more low and moderate income san franciscans. i look forward to the day that the richmond district will break ground on new affordable housing projects to meet the housing needs of my district's growing low-income senior population. however, these policy priorities are incumbent upon increasing the actual production of affordable housing units, which is entirely dependent on funding to do so. moreover, the current tech induced affordable housing crisis and your administration's recent response are occurring in the midst of your simultaneous initiative to absorb the h

vy been working on many real estate issues for being on the bond oversight committee before being on the board and as the chair of buildings and grounds over many years, school of the arts and mission bay, school font street and parking, shared school yards, projects the bond, and mission street. and as the board president, i even gave, 1950 mission street to occupy sf, to give them a safe place to protest. and so this is coming full circle and it is quite heartfelt to have or to be able to even have this conversation. when we started looking at surplus property back in 2007 we were in or starting to deal with the more severe budget cuts more regularly and at that time, being new to the board, even, raising funds for the schools, it was really what my priority became and starting to elevating and leverages our assets and david will remember that i was asking him to open parking lots to generate revenue for our schools, and to be more neighborhood friendly, and to clean up some of the places where people walked by and they say, san francisco unified school district on it and wanting t

you don't need a real estate, it is simple math. you need housing for teachers. and just like we need housing for families. and we started our mission with no eviction, back in october, we thought that maybe a 50 people will come out, and hundreds of people came out. and we had our second action for (inaudible) and thousands of people came out. and we thought that this was only happening in the mission, it is happening all over the city. and we are getting calls from the gay community from the castle and we have gone to the meetings there and the gay community is telling me that they are affected and the african american community and look at hunter's point, 6 percent. you could put 40,000 people who are african americans left in the city, inside of at&t ball mark park and you would have empty seats they have been wiped out. wiped out. we are talking about cleansing, of the ethic culture, of this city. so, please, today, look at giving all of that land that you got that is vacant, sitting there doing nothing, rotting away, give it up and turn it over for housing

bruce ratner, one of the countries top real estate developers, the force behind mark layste

they are building their own private equity and real estate empires. that gives you a little bit of a being andreason for acting a different way with your investors. it is more of a hub than an arms length. >> thank you very much. jason kelly joining us there at bloomberg link. from one brand of investing to activist investing -- the struggling chain is looking for options and seeking advice from at least two private equity firms, according to people familiar with them. where is the pressure on eric to sell or be taken right of it coming from? >> it comes from his partners. you could describe them as one of the most active and colorful activists we've ever heard of. he is based here in new york. he has been highly active in canada. he makes songs about the company to put pressure on. they kicked up the pressure on eric in november. they put pressure on the chain to sell. according to people close to the matter, as teacher mentioned, he is looking at two private equity firms. in the interest of not only private equity firms, but banks to provide to push