Plugin Name: Brian's Latest Comments
Plugin URI: http://meidell.dk/archives/category/wordpress/latest-comments/
Description: This shows an overview of the recently active articles and the last people to comment on them. Original idea and code fixes contributed by Michael Heilemann.
If you have Dunstan's Time Since installed, this plugin uses it for the title="" attributes on the comments and posts. (For WordPress 1.5) Author: Brian Meidell Author URI: http://meidell.dk/ Version 1.5: Now works without LOCK TABLE and CREATE TEMPORARY TABLE priviledges. Version 1.5.1: Can't remember what I did here Version 1.5.2: Fixed count select statement to not include spammy comments Version 1.5.3: Properly excludes track- and pingbacks Version 1.5.4: Excludes posts that are not published, even if they have comments Version 1.5.5: Fade old comments, fixed bug that wreaked havoc with Time Since Version 1.5.6: Bugfix from Jonas Rabbe (http://www.jonas.rabbe.com/) pertaining to timesince Version 1.5.7: Bugfix so old colors can be darker than new colors (stupid oversight), thanks to http://spiri.dk for spotting it. Bugfix where single digit hex would cause invalid colors, thanks to http://www.wereldkeuken.be/ for the fix. Version 1.5.8: Updated to work with WordPress 2.1 alpha by M. Heilemann. */ function blc_latest_comments($num_posts = 5, $num_comments = 6, $hide_pingbacks_and_trackbacks = true, $prefix = "
You are right, other businesses will surely want to move in as the area thrives, but investors/landlords will trade up for increased credit and stability of cash flow as opposed to increased rent.
The way an investor/landlord realizes the appreciation in credit value (i.e. CCC to AAA) of their real estate is through a lower corresponding yield (bond characteristics). But instead of selling the physical real estate, the investor/landlord either holds it for the long-term and realizes the appreciation on paper, or securitizes it (i.e. mini-stockmarket), which also allows the value to increase on paper, as well as provide liquidity for the investor. But in either case, the rents stay stable and the investor is paid its profit for increasing the investments long-term stability instead of inflating the rent for the short-term.
A good example is a long-term ground lease (i.e. 80 years) in NYC, which can trade for a yield below Treasuries. The reason for this is that the investor knows that their tenant, which owns an 80-story office building, would never default on the lease. As the ground lease gets further along in years, it typically looks well-below market in the rent that it charges for its ground as the land rents around it inflate. The investor/lessor holds long-term for the cash flow stability and is able to sleep very well at night. The Goldman’s are an old-school real estate family that is one of the largest ground lessors in the City. Sal Goldman bought raw land and leased it to developers that built hi-rise buildings 40-60 years ago. Some of their ground leases would probably trade for a 2% yield at this point even though their rent is well below the market.
Lastly, it is critical that the investor be local. The local investor learns that they have both an investment profit incentive as well as an equal incentive to stabilize their own cost of living. For what is a financial return without a stable cost of living. Here is where the paradigm shift occurs in real time. Local investors, like Calpers and other residents through their IRAs and 401Ks, awaken to the fact that controlling cost of living for their future is equally as important as any financial return strategy.]]>