Sunday, January 14, 2007
Real estate
Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes.
In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes.
Saturday, December 30, 2006
Murrieta Demographics
As of the censusGR2 of 2000, there were 44,282 people, 14,320 households, and 11,699 families residing in the city. The population density was 602.2/km² (1,560.0/mi²). There were 14,921 housing units at an average density of 202.9/km² (525.6/mi²). The racial makeup of the city was 81.64% White, 3.39% African American, 0.66% Native American, 4.01% Asian, 0.22% Pacific Islander, 5.77% from other races, and 4.32% from two or more races. Hispanic or Latino of any race were 17.48% of the population.
There were 14,320 households out of which 47.5% had children under the age of 18 living with them, 70.2% were married couples living together, 8.1% had a female householder with no husband present, and 18.3% were non-families. 14.5% of all households were made up of individuals and 6.7% had someone living alone who was 65 years of age or older. The average household size was 3.08 and the average family size was 3.42.
In the city the population was spread out with 33.7% under the age of 18, 6.4% from 18 to 24, 30.8% from 25 to 44, 17.6% from 45 to 64, and 11.4% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 96.1 males. For every 100 females age 18 and over, there were 92.7 males.
The median income for a household in the city was $67,720, and the median income for a family was $65,904. Males had a median income of $49,107 versus $32,468 for females. The per capita income for the city was $23,290. About 3.0% of families and 4.3% of the population were below the poverty line, including 4.3% of those under age 18 and 5.4% of those age 65 or over.
There were 14,320 households out of which 47.5% had children under the age of 18 living with them, 70.2% were married couples living together, 8.1% had a female householder with no husband present, and 18.3% were non-families. 14.5% of all households were made up of individuals and 6.7% had someone living alone who was 65 years of age or older. The average household size was 3.08 and the average family size was 3.42.
In the city the population was spread out with 33.7% under the age of 18, 6.4% from 18 to 24, 30.8% from 25 to 44, 17.6% from 45 to 64, and 11.4% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 96.1 males. For every 100 females age 18 and over, there were 92.7 males.
The median income for a household in the city was $67,720, and the median income for a family was $65,904. Males had a median income of $49,107 versus $32,468 for females. The per capita income for the city was $23,290. About 3.0% of families and 4.3% of the population were below the poverty line, including 4.3% of those under age 18 and 5.4% of those age 65 or over.
Murrieta Geography
Murrieta is located at 33°34′10″N, 117°12′9″W (33.569566, -117.202453)GR1.
According to the United States Census Bureau, the city has a total area of 73.6 km² (28.4 mi²). 73.5 km² (28.4 mi²) of it is land and 0.1 km² (0.04 mi²) of it (0.14%) is water.
The climate stays fairly constant year round.
According to the United States Census Bureau, the city has a total area of 73.6 km² (28.4 mi²). 73.5 km² (28.4 mi²) of it is land and 0.1 km² (0.04 mi²) of it (0.14%) is water.
The climate stays fairly constant year round.
Famous Residents from Murrieta
Professional cyclist Floyd Landis, disputed winner of the 2006 Tour de France, makes his home in Murrieta with his family when he is not racing or training in Europe.
Professional tennis player and Olympic gold medalist, Lindsay Davenport graduated from Murrieta Valley High School in 1994.
Baseball superstar Barry Bonds owned a house in the upscale Bear Creek neighborhood in Murrieta.
Professional golfer Tom Pernice Jr., a two-time winner on the PGA Tour, makes his home in Murrieta.
Track athlete Tyree Washington, world record holder in the 4x400m relay and 5-event IAAF World Championship gold medalist ('97 & '03 world, '06 - world indoor), resides in Murrieta.
Professional skateboarder Johnny Layton resides in Murrieta.
Freestyle motocross racer Ronnie Faist resides in Murrieta.
Professional tennis player and Olympic gold medalist, Lindsay Davenport graduated from Murrieta Valley High School in 1994.
Baseball superstar Barry Bonds owned a house in the upscale Bear Creek neighborhood in Murrieta.
Professional golfer Tom Pernice Jr., a two-time winner on the PGA Tour, makes his home in Murrieta.
Track athlete Tyree Washington, world record holder in the 4x400m relay and 5-event IAAF World Championship gold medalist ('97 & '03 world, '06 - world indoor), resides in Murrieta.
Professional skateboarder Johnny Layton resides in Murrieta.
Freestyle motocross racer Ronnie Faist resides in Murrieta.
Murrieta Education
Murrieta was settled first in 1863 by Spaniard Don Juan Murrieta, who fell in love with the area filled with oak, sycamore, and grasses on rolling foothills. He brought flocks of over 100,000 sheep to the valley.
Murrieta experienced two significant booms: first in the late 19th century, and then a century later in the 1980s. The first boom was started when a railroad line was built through the town; by 1890 there were approximately 800 people living in Murrieta. In 1935, the trains stopped using the route through Murrieta, and the town would remain small until 1987, the beginning of a period of explosive growth. On 1 July 1991 Murrieta decided to become a city upon reaching 29,000 people.
Murrieta experienced two significant booms: first in the late 19th century, and then a century later in the 1980s. The first boom was started when a railroad line was built through the town; by 1890 there were approximately 800 people living in Murrieta. In 1935, the trains stopped using the route through Murrieta, and the town would remain small until 1987, the beginning of a period of explosive growth. On 1 July 1991 Murrieta decided to become a city upon reaching 29,000 people.
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