managed

Austin has managed to lower the price of housing in full world crisis. One of your keys: build a lot

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It doesn’t matter if it is the US, Europe or Asia. Where there is a tensioning real estate market, with upward prices and families forced to spend more than advisable In your rent or mortgages the question is always the same: how to lower prices or at least moderate them? Is there a formula that allows cutting the ascending spiral of €/m2? In Austin, Texas, they have succeeded. And to a large extent the key has been a clear commitment to the construction of new housing. The full photo, yes, is much more complicated. What do the figures say? That Austin, capital of Texas, the Tenth city With more US population, it has managed to reduce the cost of their home. It arrives with checking some sources to check. According to UNLOCKS MLS, in January the average sale price in Austin’s metropolitan area was 4.7% lower a year ago while the national trend at the close of 2024 was the opposite, with a price increase 6%. Redfin also confirms an interannual decrease 3.1%in the price of the square meter (m2). News Week It has echoed some luxury residences of the city that have strongly reduced their prices. In August He spoke of an average drop of 7.23% in the prices of the new constructions, with some properties reduced to 31.33%. In January he cited a mansion that had reduced its price 50% And in February he cited a similar case with a decrease 30%. Why is it important? In general, experts who analyze the Austin real estate market speak, if not drop in prices, yes at least of “stability”. What is not bad if two factors are taken into account. First, what The latest data From the Federal Financing Agency (FHFA) show the cost of the house has risen on average in the US, with a 4.5% rise between the fourth quarter of 2023 and the same period of 2023. The second key is that the last falls connect with those already registered in recent months. Just a year ago Wall Street Journal (WSJ) He informed That, if compared to the maximum values ​​reached in 2022, prices had fallen in Austin more than 11%. No other US metropolitan area has seen the house more cheaper during those years. As for the rental cost, the newspaper pointed to a 7% drop in just one year, again a record fact on the US urban map. Today it is estimated that they are already lower 22% to those of August 2023. Is there more data? Yes. Months later, at the beginning of autumn, Business Insider He put the thermometer again to the capital of the capital of Texas and found that housing prices had fallen even more clear with respect to 2022 peaks. At that time the Freddie Mac company placed the drop by 14% and Zillow in 18%. It may sound like a catastrophe for the real estate market, but the truth is that, despite these falls, the prices of houses and apartments in Austin were maintained above the levels prior to the pandemic. A year ago Moody´s calculated that were still 35% higher than what would be expected by the local economy and the most recent analyzes of Redfin either NORADA They corroborate that today the M2 in the Texan capital is still more expensive than in 2019. And what is the cause? Better talk about causes, in the plural. If Austin has managed to cut the price escalation of his real estate market and that the houses and apartments are cheaper is thanks to a sum of factors in which the commitment to new promotions is combined, the overconstructionthe increase in mortgage loans and the demographic dynamics of the city. To understand it, it is necessary to go back a few years ago, to A very different scenario in which prices grew at a good pace. What period do we go? To the last decade and the years prior to the pandemic, when the promoters and buyers of Austin faced a very different panorama: an escalation of prices that, according to Some estimatesled to the average cost of an house in the metropolitan area increased by 63% in a decade, from 2010 to 2020. WSJ It goes further And it points to an increase of 60% in just a couple of years, just during the pandemic, far exceeding the increase in income. These percentages are explained above all for one reason: the imbalance between supply (scarce) and demand (high). After the financial crisis of 2008, housing construction had been placed while the Austin area stood out at the national level for the growth of its population: 33% in a matter of a decade. Only between 2020 and 2022 his census office scored A 5.3% rise. The reason for that boom? Among others and dynamics of the pandemic apart, the commitment of companies such as Oracle, Tesla or Elon Musk himself and Your interest For the Texan State. That there were large companies making the bags to move to Austin was no accident. Beyond its environment, it was attractive at the regulatory and tax level. The problem is that this growth further brushed the real estate market, making prices fire. And how did the city answer? Building. A lot. Lot. And fast. Texas It usually presumes From its construction sector and in Austin it took muscle. Animated by demand, upward prices and changes at the regulatory level That they made the promoters easier, the Texan capital saw how its market entered into boil. It arrives with review some data to understand it. Only between 2020 and 2022 plans for tens of thousands of new homes of all kinds. Business Insider Remember that if in 2022 more than 3,000 new properties each month came to the market, the following year the figure already exceeds 5,000. It is estimated that Austin’s housing park gave a stretch of More than 8% In a few years, including both single -family houses and apartment and … Read more

For the first time, a private company has managed to reach the moon successfully. And it has been after resurgence from bankruptcy

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The early morning of March 2, the Blue Ghost ship of Firefly Aerospace fell gently on the lunar surface. It was the First time in history that a private company achieved a completely successful moon landing: in vertical and with the solar panels well -oriented to survive the 14 days that a lunar day lasts. Blue Ghost nailed the moon landing. Preceded by the failures of the Beresheet ships (From the Israeli company Spaceil), Hakuto-R (of the Japanese ispace), Pilgrim (of the American astrobotic) and Odysseus (also American intuitive machines), Blue Ghost landed in a stable position after a descent maneuver designed to dodge rocks and dangerous geographical accidents. The lunar module touched soil in the Mare Crisium region, near the volcanic formation of Mons Latreille. The instruments and sensors on board reported that Blue Ghost was at an optimal angle, and the first images of the shadow projected by the Firefly Aerospace ship showed that it had perched on the lunar surface vertically. A respite for NASA. The historical achievement of the Texana company is also an achievement for NASA, which breathes quiet after the first round of the CLPS program (Commercial Lunar Payload Services), designed to send regular missions to the Moon in commercial ships. Intuitive machines I could achieve the second in a couple of dayswhen its new Nova-C module athens tries to alunize in the South Lunar Pole after Nova-C Odysseus overturns in February 2024. The Ghost Riders. On board the Blue Ghost module of Firefly there is a series of instruments, experiments and technological demonstrators, mainly from NASA, that will drill the soil to collect samples, investigate how the dust rises to mitigate the problems they represent in future lunar missions, and measure the level of radiation and the magnetic activity in the environment. Blue Ghost will display and operate these loads for 14 terrestrial days, equivalent to a lunar day, before the lack of sunlight and the very low temperatures compromise their batteries. An eclipse of earth. Blue Ghost has already given us overwhelming images of the Dawn on the moon or the Planet Earth in the firmament. “We are all in that image,” Firefly engineers recalled during the press conference. But the best will come in the last days of mission. Among the planned mission milestones are the capture in high definition of a total eclipse on March 14, when the earth blocks the sun from the perspective of the ship on the moon, as well as a recording of the lunar twilight on March 16 in which we will see the lunar dust levitating. The Renaissance of Firefly Aerospace. The Firefly feat is especially remarkable taking into account the recent history of the company, marked by a bankruptcy, an internal scandal and a sound change in property. Firefly was saved by the Ukrainian inverter Max Polykovwho invested around 200 million dollars and resurrected the company. However, Polykov was forced by the United States government to sell its majority participation in 2022 for a symbolic price of 1 dollar. And all for geopolitical reasons. Since then, Firefly was under the majority control of the private capital firm AE Industrial Partners. His current CEO is Jason Kim, who assumed the company’s management in October 2024 after his predecessor, Bill Weber, retired from An alleged inappropriate relationship With an employee. Image | Firefly Aerospace In Xataka | In 2011, a collector bought in Morocco a meteorite. It has turned out to be a direct test of thermal water on Mars

This is how they managed to endure the cold

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Let’s start at the beginning: although it may seem like perogrullo, In the Middle Ages it was cold. It was cold, but not so much. At least, in Europe, there was a warm period (the “Climate optimal“) that systematically relieved the living conditions of the Europeans of the time. But around 1300 the thing changed radically: the Small Middle Ages He had started. Was A disaster. And not only because of the cold, epidemics and the loss of entire crops, it was that European peoples did not have the necessary technology to warm themselves at home without putting their lives at risk. No radiators, without chimneys, without crystals in the windows … the houses of the continent became unhealthy mousetracks full of associated risks. And how did they warm up? That is the question that The history and disseminator professor Nuisia RARRIDI is made. After all, no matter how cold the temperatures of western Europe did at that time they had to be terrible. AND, As Raridi says“The houses were permanently crossed by air currents.” We talk about a time when we had to “choose between leaving the light and the cold or neither.” There weren’t windows? There were, of course. They were small and normally had no crystals. As Raredi explainedthe glass for the windows “appeared in the cathedrals around the 10th century.” Before that (and later), it was common relativamene to see churches that used basalt to try to solve the problem of light. Because the glass problem is that it was expensive. In fact, it was not until after 1300 (when the techniques had improved and the cold began to accentuate) when they began to be used in private homes – especially in accommodated houses. And the issue of fire? How were there no chimneys? According to the documentation that He has collected RARRIDI“The chimneys, as we understand today, did not develop before the thirteenth century.” Until that time, as we can see in many places on the planet, the families lit fires in the center of the house and, consequently, the smoke filled the entire room (and went out where it could). As if that were not enough: the homes were very badly isolated. “The medieval houses were often made of wood and were poorly isolated”, which meant “a real problem in the coldest months.” Hence the tapestries, carpets and canopy beds were popular (which, “were extremely practical: the curtains that surround them served to retain heat and protect themselves from cold”). It doesn’t hurt to remember that for centuries, Europeans slept within cabinets and the explanation to her is this same. Cold, heat and vice versa. Despite what Paleoclimatic discussion has become popular for the debates of Climate changeright now we don’t have much to learn about medieval techniques to pass the cold. However, knowing what we were, always helps expand the imagination about how the human being can live. Image | Krzysztof Kowalik In Xataka | The Middle Ages was not as dark as they told us

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