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This Month in Real Estate eNewsletter - November 2017

Raymond P. (Randy) Reis III

As a real estate professional, Raymond P...

As a real estate professional, Raymond P...

Feb 8 6 minutes read
Brought to you by Raymond P. (Randy) Reis III.

4 Reasons Why Bamboo Is Taking Home Decor by Storm

Denver, Colorado - City ParkHomeowners are often looking for home improvement options that strike the right balance between affordability, functionality, aesthetics and eco-friendliness. Bamboo has been marketed as something of a panacea—a kind of wonder wood that checks all the boxes. Designers, contractors and consumers have all taken note, as bamboo has made its way into homes as flooring, walls, window treatments, furniture and more. Here are the properties that are making this popular material a go-to green choice for interior design materials.

Bamboo is a readily available wood…except for the fact that bamboo isn't a wood at all, but a grass! Therein lies the secret to bamboo's ascendant success as a housing material: It grows like a weed because it essentially is one. At a maximum of three feet per day, it is, in fact, the fastest growing plant on Earth.

Just the one word "bamboo" doesn't do justice to the range of looks the material offers. It can vary greatly in shades and textures, making it a versatile option for decorators and designers.

Whether natural or manmade, few materials can match bamboo's physical properties pound for pound. Because bamboo grows in wet, tropical climates, it is well-suited to resisting rain and wind. In fact, this unassuming reed beats out hardwood, brick and concrete alike in terms of compressive strength, while rivaling steel in tensile strength.

As a growing number of homeowners look for eco-friendly materials in their decor, perhaps no single factor has contributed to bamboo's modern vogue in interior design more than its sustainability. As it is a grass rather than a tree, it can grow to a harvestable size (often over 100 feet) in a matter of months. This is in stark contrast to the years of water, fertilizer and pesticide required by other timber woods.
'Inelastic' Inventory: It's Fate

Woman, Phone, Mobile PurchaseAffordability is a complex web. Home prices, incomes and mortgage rates all factor in. Land use limitations also play a role—but not as large and unchanging a role as location overall, according to a recent analysis by Freddie Mac.

Home builders often cite compliance costs related to land use and zoning as a factor—expenditures that, over the last 30 years, have pushed home prices into unaffordable terrain. A rollback in regulations, however—which constituents and policymakers have suggested—could be ineffective in markets where home-building is physically impossible, Freddie Mac's latest Insight shows.

"A thought experiment can illustrate the impact of regulatory relief and the limits on that relief in a city that also is constrained by geography," says Sean Becketti, chief economist at Freddie Mac. "Imagine that San Francisco's land use regulations were relaxed significantly. The ensuing reduction in house values would encourage migration to San Francisco, but the city's geographic constraints guarantee that housing would still be inelastically supplied despite the reduction in regulation."

Analysts determined that even when applying Kansas City's relatively loose regulations, home prices in San Francisco would be as much as three times higher than the national median because of its constraints geographically. Builders, in other words, would still have scarce options.

"Inelastic" inventory, the analysts found—even with ideal conditions in land use and zoning, and demand—equals stifled supply.

Featured Listings:

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Rare is the marriage of manor, lord and lady. Simply, the Gingerbread House, landmarked by...

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218 Wyckoff Street, Brooklyn, New York 11217 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

218 Wyckoff Street in Boerum Hill is a wonderful 2 family brick property in move in condit...

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160 West 11th Street, PH #3, New York, NY 10011 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

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441 Lido Blvd, Lido Beach, NY 11561 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

"Triple Crown Winner!"  Located on the golf course and only one  block from Lido B...

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1 Tiffany Place, #2D, Brooklyn, New York 11231 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

Extra Spacious Cobble Hill/Columbia Waterfront District One BedroomStrolling down Tiffany ...

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109 West 82nd Street, 3C, Manhattan, New York 10024 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

As you enter this beautiful brownstone, you are presented with an amazing entrance way. Un...

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159 Madison Avenue, 7 K, Manhattan, New York 10016 | The Brooklyn & Manhattan NYC Real Estate Blog of The ReisNYC Team

159 Madison Avenue Unit 7K, offered at $574,900, is priced to sell!  This one bedroom is p...

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Copyright 2017 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.

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