Future Property Risk Estimation For Wildfire In Louisiana, USA

Background: Wildfire is an important but understudied natural hazard. As with other natural hazards, wildfire research is all too often conducted at too broad a spatial scale to identify local or regional patterns. This study addresses these gaps by examining the current and future wildfire property risk at the census-block level in Louisiana, a U.S. state with relatively dense population and substantial vulnerability to loss from this hazard, despite its wet climate. Here wildfire risk is defined as the product of exposure and vulnerability to the hazard, where exposure is a function of the historical and anticipated future wildfire frequency and extent, and the latter is a function of population, structure and content property value, damage probability, and percent of property damaged. Results: Historical (1992−2015) average annual statewide property loss due to wildfire was $5,556,389 (2010$), with the greatest risk to wildfire in southwestern inland, east-central, extreme northwestern, and coastal southwestern Louisiana. Based on existing climate and environmental model output, this research projects that wildfire will increase by 25 percent by 2050 in Louisiana from current values. When combined with projections of population and property value, it is determined that the geographic distribution of risk by 2050 will remain similar to that today – with highest risk in southwestern inland Louisiana and east-central Louisiana. However, the magnitude of risk will increase across the state, especially in those areas. Projected annual loss will be $11,167,496 by 2050 (2010$) due to population growth, intensification of development at the wildland-urban interface, and climate change. The wildfire-induced property damage is notable because it is projected to increase by 101 percent. These values do not include crop, forestry, or indirect losses (e.g., cost of evacuation and missed time at work), which are likely to be substantial. Conclusions: The results suggest that increased efforts are needed to contain wildfires, to reduce the future risk. Otherwise, wildfire managers, environmental planners, actuaries, community leaders, and individual property owners in Louisiana will need to anticipate and budget for additional efforts to mitigate the economic (and presumably other) impacts associated with a substantial and increasing hazard that often goes underestimated.

Urban Rail Transit in Bangkok: Chronological Development Review and Impact on Residential Property Value

Bangkok suffered from the world’s worst traffic congestion in the 1990s due to rapidly increasing car ownership, reflecting the economic growth and road-dependent transport policy beginning in the 1960s. Due to its monocentric but scattered urban structure, traffic congestion is severe, causing tremendous economic loss, deteriorating air quality, and badly affecting the quality of life. A historical review reveals that the urban and transport plan and development were not efficiently coordinated, resulting in unorganized suburbanization and progressively more severe traffic congestion. It is important to reveal the impact of the transportation project on the housing market in order to incorporate the policies for transportation and urban development. To define the impact, the OLS hedonic price model and the local multiscale geographically weighted regression (MGWR) model were estimated, along with the condominium sales data. The results revealed that the impact of rail transit on a rise in property value significantly varied across the study area. It was estimated that, for the area along the major rail transit corridor in the city center, a premium of a location 100-m closer to the station would be more than 200 USD per square meter. At the same time, the value would be less than 80 USD for the area along the rail corridor in the suburb. These findings provide policy insights for future urban and railway development, including the proper coordination of rail transit development and urban development with subcenters, transit-oriented development, and improved pedestrian flow around transit stations.

The Issues of Unclaimed Properties in Malaysia

Unclaimed property in Malaysia has become one of the more hotly debated issues. So far unclaimed property value estimated to reach billions of ringgit. This is a big number, and, if issues stay no action has taken, it will affect not only the society but also economic and national development. If the efficient property management system had to be set up it will have undoubtedly a positive impact. Therefore, there is a need to take a drastic action to find a comprehensive solution and alternatives for solving this issue. Hence, an effective asset management and an efficient estate planning towards unclaimed property must be practiced to ensure a smooth operation of the property management. Generally, unclaimed property is divided into two main categories. Firstly, the inherited estate from a deceased that is not claimed by the heirs and another one is the property the owner of which cannot be traced or missing, known as Al-Mafqud in Islamic law. In this paper, the researcher has focused on the occurrence of unclaimed property in the context of missing persons. The results of this study are based on data gathered through a grounded theory from few agencies such as the Malaysian Civil and Shariah Courts, Small Estate Distribution Unit in the District Land Office and Amanah Raya Berhad as well as the heirs of missing persons. The information of missing person's heirs collected from Royal Malaysia Police (RMP) and the information clarified as confidential. In general, the result shows that, there are for factors contributed to the issues of unclaimed properties in Malaysia; legislation, social status, behavior and the strength and weaknesses of related agency should be given consideration. This results are expected to be catalyst to further action by the government to solve the issue of unclaimed property in Malaysia and concurrently contribute to enhance the quality of property management based on highest and best use concept

“The Way We Build”: Craft, Innovation, and Sustainability in Japanese House-Carpentry

This article expands and complicates the literature on “craft” by examining the seeming anomaly of a craft community dominating a significant production sector within an advanced industrial economy, and despite the existence of cheaper high-tech and labor-saving alternatives. Japanese house-carpenters, organized into very small firms with very local markets, and producing “traditional” house-frames in small batches, have long held prefabrication and other alternatives at bay through a process of conservative innovation. The primary goal of their innovative process has been the protection and continuance of house-carpentry as a relevant and marketable skill, and of its practitioners as a self-sustaining community. This craft is not an exemplar of sustainability in other ways, however, despite its association with the traditional and organic. Its house-products have unnaturally short lives given Japanese methods of accounting for property value, and its raw material, foreign-sourced old-growth forests, are increasingly subject to global conservation efforts.

A TOPSIS-Based Model for Evaluating the Performance of the Intellectual Property Value Strategies of Science and Technology Enterprises

Intellectual property comes with risks such as value evaluation and externalities. It is an intangible asset involving a large investment and a long return period; however, it plays an important role in enhancing the competitiveness of enterprises. Some companies see intellectual property as being a long-term development strategy, which makes evaluating the performance of corporate intellectual property particularly important. The TOPSIS method is widely used to evaluate the pros and cons, as well as the performance of various programs. It can make full use of the data to accurately reflect the gaps in various programs. This paper uses the TOPSIS method to evaluate the performance of the intellectual property value strategy of six typical technology companies based on three dimensions: financial performance, external performance, and value chain performance. The study found that the value chain performance was the most important in the performance evaluation of the intellectual property value strategy, followed by the external performance, and then by the financial performance. There were also significant differences in the intellectual property value strategy of the six technology companies.

Reasons for the Discontinuation of Betterment-Levy Charging in Poland (A Case Study of Gorlicki County)

Local government units carry costs related to the shaping and spatial development of communes, and are consequently interested in sharing the benefits that land property owners gain on this account. This is possible through, inter alia, the betterment levy. The aim of this study was to determine the reasons for the discontinuation of betterment levy charging in Poland, illustrated with the example of Gorlicki County. A further aim was to classify the reasons for the discontinuation of betterment levy charging in Poland, and to suggest directions for changes in the way in which this levy is charged. A questionnaire survey was conducted of the communes of Gorlicki County (Małopolskie Voivodeship), and was completed by those responsible for charging betterment levies in the communes. According to the survey results, no decision on charging of the betterment levy was issued in Gorlicki County between 2012 and 2019. The reasons for the discontinuation of charging of this levy, as indicated by the respondents, included the lack of analyses (estimation) of the increase in the property value following the execution of specific investment activities, high administrative costs related to the charging of this levy, and the stimulation of socio-economic development. However, the statistical analysis showed that the discontinuation of charging of the betterment levy in Gorlicki County had failed to contribute to socio-economic growth.

The unfortunate regressivity of public natural disaster insurance: Quantifying distributional implications of EQC building cover for New Zealand

<p>This thesis examines the question “What have been the distributional implications of the setup of Earthquake Commission (EQC) building cover for New Zealand homeowners?” In New Zealand, the vast majority of property owners pay identical premiums for the benefit of the first $100,000 tranche of natural disaster cover per dwelling. The research provides a detailed quantification of the degree of regressivity of the scheme created by these flat premiums. Using EQC claims and property datasets relating to the Canterbury Earthquake Series, I test the hypothesis that wealthier homeowners are receiving more benefit. Wealth is identified by property value, income and a range of socio-economic variables collected from the most recent New Zealand Census before the earthquake series. In explaining EQC total dwelling payout by property value and by these socio-economic variables, the research shows there is a distributional implication to EQC’s building cover. This thesis includes a proposed modification to the premium structure of the scheme, whereby regressivity could be avoided. The research concludes with a survey of other public natural disaster insurance schemes worldwide, and identifies those likely to face similar regressivity issues.</p>

The unfortunate regressivity of public natural disaster insurance: Quantifying distributional implications of EQC building cover for New Zealand

<p>This thesis examines the question “What have been the distributional implications of the setup of Earthquake Commission (EQC) building cover for New Zealand homeowners?” In New Zealand, the vast majority of property owners pay identical premiums for the benefit of the first $100,000 tranche of natural disaster cover per dwelling. The research provides a detailed quantification of the degree of regressivity of the scheme created by these flat premiums. Using EQC claims and property datasets relating to the Canterbury Earthquake Series, I test the hypothesis that wealthier homeowners are receiving more benefit. Wealth is identified by property value, income and a range of socio-economic variables collected from the most recent New Zealand Census before the earthquake series. In explaining EQC total dwelling payout by property value and by these socio-economic variables, the research shows there is a distributional implication to EQC’s building cover. This thesis includes a proposed modification to the premium structure of the scheme, whereby regressivity could be avoided. The research concludes with a survey of other public natural disaster insurance schemes worldwide, and identifies those likely to face similar regressivity issues.</p>

The New Eastside: Re-populating East Christchurch Through Diverse, Contextualised, Medium Density Housing

<p>At the conclusion of the 2010 and 2011 Canterbury earthquakes more than 5100 homes had been deemed unsafe for habitation. The land and buildings of these were labelled “red zoned” and are too badly damaged for remediation. These homes have been demolished or are destined for demolition. To assist the red zone population to relocate, central government have offered to ‘buy out’ home owners at the Governmental Value (GV) that was last reviewed in 2007. While generous in the economic context at the time, the area affected was the lowest value land and housing in Christchurch and so there is a capital shortfall between the 2007 property value and the cost of relocating to more expensive properties. This shortfall is made worse by increasing present day values since the earthquakes. Red zone residents have had to relocate to the far North and Western extremities of Christchurch, and some chose to move even further to neighbouring towns or cities. The eastern areas and commercial centres close to the red zone are affected as well. They have lost critical mass which has negatively impacted businesses in the catchments of the Red Zone. This thesis aims to repopulate the suburbs most affected by the abandonment of the red zone houses. Because of the relative scarcity of sound building sites in the East and to introduce affordability to these houses, an alternative method of development is required than the existing low density suburban model. Smart medium density design will be tested as an affordable and appropriate means of living. Existing knowledge in this field will be reviewed, an analysis of what East Christchurch’s key characteristics are will occur, and an examination of built works and site investigations will also be conducted. The research finds that at housing densities of 40 units per hectare, the spatial, vehicle, aesthetic needs of East Christchurch can be accommodated. Centralising development is also found to offer better lifestyle choices than the isolated suburbs at the edges of Christchurch, to be more efficient using existing infrastructure, and to place less reliance on cars. Stronger communities are formed from the outset and for a full range of demographics. Eastern affordable housing options are realised and Christchurch’s ever expanding suburban tendencies are addressed. East Christchurch presently displays a gaping scar of devastated houses that ‘The New Eastside’ provides a bandage and a cure for. Displaced and dispossessed Christchurch residents can be re-housed within a new heart for East Christchurch.</p>