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...There’s also a ride-by circuit of the Eastern & Oriental Hotel, an ivory behemoth whose association with our train extends no further than its name....
...The result is that many homeowners feel trapped where they are....
...The Great Gatsby’s narrator Nick Carraway was a bond salesman and Sherman McCoy in Tom Wolfe’s The Bonfire of the Vanities traded them....
...Homeowners “are incentivised to stay put” right now, he adds....
...It is as though the positive associations of period homes trump any practical problems that come with them. One such association is social class and prestige....
...Black and Latino homeowners are rejected at a higher rate when applying for home loans from traditional financial institutions, even when they have credit profiles similar to other applicants....
...State law requires associations to have a schedule to pay for big repairs, but there is a loophole: homeowners can vote to waive paying into a reserve fund....
...The area began as a mangrove swamp, then it was briefly a failed coconut plantation....
...For some, rising crime is enough to persuade them to leave LA for the South Bay area further down the coast....
...But he is returning to the Bay Area at the end of June, before being transferred with his job to Zurich....
...Owners pay service charges (or homeowners association fees) that can often be offset by putting the residence into the hotel rental programme and earning an income — Rosewood residences at Baha Mar command...
...Others also will use technology such as GPS trackers and drones to monitor rubber plantations or carbon emissions, for example....
...Relative quiet is secured by local conservation easements, which consist of agreements between homeowners’ associations and the local government to limit development, says Tucker....
...As prices falter and nervousness grows, homeowners have become reluctant to move....
...Only in San Francisco’s Bay Area and New York is the gap larger....
...Noble Francis , economics director, Construction Products Association Not really....
...This year she went to the Vietnamese highland province of Dak Lak to learn about coffee plantations....
...On the streets of San Francisco’s Castro district, baby strollers are more common than drag queens these days, and homeowners are as likely to identify as “techie” as LGBT....
...The British Hospitality Association takes a dimmer view....
...“The teak comes from sustainably managed plantations under 100km away.”...
...“I don’t think were going to hit four,” said Nat DiBuduo, president of Allied Grape Growers, a grape farmers association....
...“Throughout the Bay area the upper end is driven by the technology industry....
...Apart from four or five “anchor-outs” (floating homeowners who live permanently moored in the bay), all of the homes have berths on docks and are hooked up to essential services....
...“There are homeowners’ associations, regulations and height limits (no boat is allowed to be taller than 16ft).” Prices have also rocketed, with some houseboats valued at more than $2m....
...My initial feeling on the boat out to Restorf island, one of Kimbe Bay’s 25 dive sites, is just how big the bay is, and how unpopulated....
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