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House Hunting in Chile: A Bright, Modern Villa in the Andes for $1.3 Million

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This modern six-bedroom house is on a residential street in Lo Barnechea, an upscale commune on the outskirts of the Santiago metropolitan region, in central Chile.

The 3,445-square-foot concrete house was built in 2005 on a terraced quarter-acre lot, with floor-to-ceiling windows designed to maximize views of the Andes mountain range from many of the rooms, as well as from the spacious patio and two-level garden.

The front entry hall leads to a door that opens to the patio and garden. An office with access to the garden is on the right, and the living room, dining room and kitchen are on the left. The living room, with Brazilian hardwood floors, is separated from the adjoining dining room by a few steps and a low stone wall with a fireplace. Both rooms look out to the garden, the L-shaped pool and the mountains beyond through floor-to-ceiling windows, as does the office. A half bath for guests is near the entrance.

The spacious kitchen — which opens onto a courtyard leading to the home’s three parking spaces, as well as to the entrance hall and a bright, airy passage to the dining room — has marble counters, a center island and an adjacent room for laundry and storage. Beyond the laundry room are two staff bedrooms and a staff bathroom.

An open wood staircase near the entrance ascends to the second floor, which has four bedrooms, each with mountain views. The main bedroom suite has a walk-in closet and doors to a terrace overlooking the garden. The other three bedrooms share two bathrooms.

The house has a security system and radiant heating. Stepping down from the covered rear patio, the landscaped garden has a flat lawn, and the pool occupies the property’s third and lowest tier.

Santiago, Chile’s capital and largest city, with about 6.7 million residents, sits in a valley surrounded by the Andes and the Chilean Coast Range. The Lo Barnechea commune, in the northeast corner of the city, sits at the feet of the Andes and offers skiing, horseback riding, and hiking at Cerro del Medio Park. Arturo Merino Benítez International Airport is about 25 miles west.

Chile’s residential real estate market has seen years of steady growth stall recently, first with a wave of protests over inequality that turned violent in late 2019, then with the coronavirus pandemic.

Yuval Ben Haym, the regional director of RE/MAX Chile, said Chile is now in the midst of a buyer’s market. Citing RE/MAX data, he estimated that prices across Santiago have fallen about of 3 to 4 percent since early 2019, though he noted that a government stimulus allowing buyers to tap pensions for real estate purchases has helped stabilize the market.

Developers of new homes are lowering prices to compete for buyers as a result of the pandemic, which halted construction for months, he said: “Developers need speed of sales to be profitable as they have high-interest loans.”

A recent report by the research division of Yapo.cl, an online marketplace, found that in the second quarter of 2020, there were 46 percent fewer houses and 35 percent fewer apartments for sale across Chile (where the market is heavily weighted by the greater Santiago area), compared with the same period in 2019. Demand also dropped from the first quarter of the year: 29 percent for houses and 35 percent for apartments, compared to the first quarter of this year.

Another report on the second quarter of 2020 by Portalinmobiliario, a Chilean real estate portal, found similar reductions in supply across Santiago, but also showed a slight uptick in prices, with apartments up over 4 percent and houses up around 3 percent. The average price for two-bedroom apartments across the region in the second quarter were highest in the commune of Vitacura (a neighbor to Lo Barnechea), at 10,762 UF ($393,800), and lowest in Puente Alto, in Santiago’s southeast corner, at 1,270 UF ($46,500).

(Chile uses the Chilean peso, but the real estate market uses the UF, “an indexed type of noncirculating currency which adjusts daily and automatically for inflation so that value remains constant,” said Macarena Laso Aguirre, a partner at the Santiago law firm Morales & Besa, in an email.)

Mr. Ben Haym said the pandemic has shaken up the market, though he expects an imminent course correction. “If they can, people are waiting to see how things turn out before they buy, with this level of demand reduced the prices reduced too,” he said. “I’m sure the next couple of months are going to be compensating for the reduction that we saw in the last couple of months because of the coronavirus.”

(As of Sept. 29, Chile had reported 461,300 cases of Covid-19 — a much higher rate per capita than neighboring Bolivia and Argentina, and higher even than Brazil’s — and 12,725 deaths, according to The New York Times’s coronavirus map.)

Santiago’s high-end market has been stable for decades, said Luis Novoa, the CEO of Chile Sotheby’s International Realty. He estimated the average asking price among properties with his agency is about $800,000, or $330 a square foot.

The social unrest that erupted last fall initially led to an increase in supply of high-end properties, as affluent homeowners decided to sell vacation homes, but that trend has slowed, Mr. Novoa said. Now buyers are awaiting the results of a coming national referendum in October. Investors, though, have started to jump on properties with price cuts, and some are buying sight unseen. These conditions are also emboldening high-end buyers to offer well below asking price.

Across Chile, luxury prices range between $750,000 for a family villa in Santiago to $20 million for select properties in Patagonia, said Martin Rivera Saez, the director of Alto Andes, a luxury agency based in Santiago. But there has been a shift in what is deemed to be luxury, he added. In the past, buyers wanted “large mansions with luxurious finishes, located in areas with privileged views.” A few years ago, the “concept began to change,” and buyers began to seek “less ostentatious” apartments that are easier to maintain.

Because land for new developments is scarce, “we have seen a vertical densification,” with large single-family properties being replaced by high-end condominiums with seven to 10 dwellings, Mr. Novoa said. Meanwhile, areas “with large spaces and better quality of life” are increasingly in demand with the upper middle class.

For example, Mr. Rivera said the pandemic has accelerated interest in the country’s southern region, with his firm seeing a 40 percent spike in transactions there between March and September, compared to the same period last year.

About 95 percent of buyers in Santiago, as in Chile in general, are Chilean, Mr. Rivera said. Foreigners who move to Santiago are typically relocating with jobs in the mining, forestry, agriculture or fishing sectors, and they tend to come from China, Spain, Italy, the U.S., Australia and Britain.

Mr. Novoa said that the exchange rate makes it a good time for foreigners paying in dollars to buy in Chile. “However," he said, “we have not seen changes in the flow of foreign buyers.”

Buyers in the south include Chinese investors and Chilean entrepreneurs or start-up employees who are buying primary residences, Mr. Rivera said, many searching for good schools and “a better quality of life.” The growth of e-commerce and remote work has also fueled this movement away from Santiago.

Most foreigners can purchase real estate in Chile without restriction, although citizens of neighboring countries are prohibited from buying in areas near international borders, said Ms. Laso, the partner at Morales & Besa. Transactions are handled by notaries. Attorneys’ fees vary based on the transaction’s complexity. For a straightforward title review and purchase deed draft, the fee should not exceed 1 to 3 percent of the purchase price.

Prices and loans are set in UF but paid in pesos according to the UF rate on the date of payment. “This means that, effectively, the inflation risk is passed to the buyer/debtor of a property,” Ms. Laso wrote.

  • Visiting Chile: chile.travel/en

  • Santiago tourism: chile.travel/en

  • Chile government: gob.cl/en

Spanish; Chilean peso (1 CLP = $0.0013)

Closing costs when a home is bought with a mortgage are between 0.7 and 1.2 percent of the purchase price, not including the commission and attorney fees, Ms. Laso said. Costs are lower if a purchase is paid in cash.

Commission, split between the buyer and seller, is typically 4 percent of the purchase price, and there is a 19 percent value-added tax levied on that commission.

“If no realtor is involved, which is fairly common, no commission is paid,” Ms. Laso wrote.

María Angélica Errázuriz Gubbins, Chile Sotheby’s International Realty, 011-56-2-3224-4491; sothebysrealty.com

For weekly email updates on residential real estate news, sign up here. Follow us on Twitter: @nytrealestate.

By: Roxana Popescu
Title: House Hunting in Chile: A Bright, Modern Villa in the Andes for $1.3 Million
Sourced From: www.nytimes.com/2020/09/30/realestate/santiago-chile-house-hunting.html
Published Date: Wed, 30 Sep 2020 13:30:24 +0000

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What could you order from Ansett Airlines’ inflight bar in the early 1970s?

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People have always liked to drink on board flights, especially people from Australia. Therefore, it should be no surprise to anyone that there was an inflight bar offering in the 1970s.

Ansett Airlines were a major player in the Australian domestic market up until their demise in September 2001. For many years, there were two domestic airlines, Trans-Australia Airlines (TAA) and Ansett.

Ansett’s Inflight Bar

At the time, Ansett operated Boeing 727s, Douglas DC-9s and Fokker F27 Friendships on domestic routes in the country. Airline tickets were quite expensive, with tariffs agreed upon by both airlines thanks to Australia’s weird two-airline policy at the time.

While tickets were expensive and food complimentary, you still had to pay for a drink at the bar. Here is an inflight bar menu from the era, showing the drinks available and their prices.

Clearly the pricing is astounding by today’s standards – 30 cents for a beer? I’ll have thirty-three please! I like how Australian gin is 35c while the imported gin is just 5c more. Which would you choose?

You can tell it is from another era as you can buy cigarettes on board. These price up at 45c, a far cry from the extortionate prices people in the west pay these days for a smoke!

Overall Thoughts

The on board offering is pretty comprehensive for internal flights, and I imagine you’d be hard pressed not to find something you might like. In those times, all payments would have been by cash as well, which would have meant a lot of coinage being handled on board.

Of course, things haven’t changed too much over the years. On many airlines you pay for your drinks just as they did back in the 1970s. Shame the prices aren’t the same of course!

Did you ever buy drinks on board flights from the inflight bar back in the day? Do you still? Thank you for reading and if you have any comments or questions, please leave them below.

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Featured image by Daniel Tanner on Airliners.net via Wikimedia Commons.
Menu image by Ikara on Australian Frequent Flyer.

By: The Flight Detective
Title: What could you order from Ansett Airlines’ inflight bar in the early 1970s?
Sourced From: travelupdate.com/ansett-airlines-inflight-bar-menu/
Published Date: Thu, 19 Nov 2020 15:03:14 +0000

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These Shrimp Leave the Safety of Water and Walk on Land. But Why?

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The shrimp stop swimming at dusk and gather near the river’s edge. After sunset, they begin to climb out of the water. Then they march. All night long, the inch-long crustaceans parade along the rocks.

The parading shrimp of northeastern Thailand have inspired legends, dances and even a statue. (Locals also eat them.) During the rainy season, between late August and early October, tourists crowd the riverbanks with flashlights to watch the shrimp walk.

Watcharapong Hongjamrassilp first learned about the parading shrimp, and the hundred thousand or more tourists who come each year to see them, about 20 years ago. When he started studying biology, he returned to the topic. “I realized that we know nothing about this,” he said: What species are they? Why and how do they leave the safety of the water to walk upstream on dry land? Where are they going?

Mr. Hongjamrassilp, a graduate student at the University of California, Los Angeles, decided to answer those questions himself. His findings appeared this month in the Journal of Zoology.

Working with wildlife center staff members, Mr. Hongjamrassilp staked out nine sites along a river in Thailand’s Ubon Ratchathani province. They found shrimp parading at two of the sites — a stretch of rapids, and a low dam.

The videos they recorded revealed that the shrimp paraded from sundown to sunup. They traveled up to 65 feet upstream. Some individual shrimp stayed out of the water for 10 minutes or more.

“I was so surprised,” Mr. Hongjamrassilp said, “because I never thought that a shrimp can walk that long.” Staying in the river’s splash zone may help them keep their gills wet, so they can keep taking in oxygen. He also observed that the shells of the shrimp seem to trap a little water around their gills, like a reverse dive helmet.

DNA analysis from captured shrimp showed that nearly all belonged to the species Macrobrachium dienbienphuense, part of a genus of shrimp that live mostly or fully in freshwater. Many Macrobrachiumspecies spend part of their lives migrating upstream to their preferred habitats.

Most parading shrimp that Mr. Hongjamrassilp captured were young. Observations and lab experiments showed that these shrimp probably leave the water when the flow becomes too strong for them. Larger adult shrimp can handle a stronger current without washing away, so they’re less likely to leave the water.

Walking on land is dangerous for the little shrimp, even under cover of darkness. Predators including frogs, snakes and large spiders lurk nearby, Mr. Hongjamrassilp says. “Literally, they wait to eat them along the river.”

And the shrimp can survive on land for only so long. If the parading crustaceans lose their way, they may dry out and die before they get back to the river. A few times, Mr. Hongjamrassilp came across groups of lost shrimp dead on the rocks, their once-translucent bodies baked pink.

Yet most navigate upstream successfully, and scientists have spotted other freshwater shrimp around the world performing similar feats, scaling dams and even climbing waterfalls.

Leaving the water when the swimming gets tough may have helped these animals spread to new habitats over their evolutionary history, Mr. Hongjamrassilp said. Today, the number of parading shrimp in Thailand seems to be declining. He thinks tourist activity may be a factor, and learning more about the shrimp might help protect them.

The study’s authors made “some really excellent observations,” said Alan Covich, an ecologist at the University of Georgia who was not involved in the research. But understanding why the Ubon Ratchathani shrimp move upstream, and how far they travel, will require more research, he said.

“The most surprising thing to me was that it attracted so many tourists,” Dr. Covich said. He doesn’t know of any other example of people gathering to appreciate a crustacean in quite the same way.

“We have crayfish festivals, we have all kinds of things,” Dr. Covich said, “but generally it’s people eating them, not watching them move.”

By: Elizabeth Preston
Title: These Shrimp Leave the Safety of Water and Walk on Land. But Why?
Sourced From: www.nytimes.com/2020/11/18/science/shrimp-parade-thailand.html
Published Date: Wed, 18 Nov 2020 17:02:07 +0000

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Will Aer Lingus launch transatlantic flights from Manchester?

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There are reports that Aer Lingus have applied for 1,500 slots at Manchester Airport for the Summer 2021 season. This will allow the airline to base four aircraft there and service flights to the United States.

At present, there have been no press releases from the airline stating what is going on. Even so, it probably makes sense for the Irish airline to do this in the current market.

Aer Lingus And Manchester

From what is known, there will be three Airbus A321LRs and an A330 based at Manchester. These will operate non-stop services to New York JFK, Boston, Chicago and Orlando, and the season starts on 28 March 2021.

With Thomas Cook having gone out of business, there is likely space for another competitor. New York and Orlando will see competition from Virgin Atlantic, while the other two routes have no airline flying at the moment.

Aer Lingus has been connecting passengers over Dublin very successfully from the UK regions for a while now. Due to this, they will have visibility on traffic patterns, potential yields and more, making this an informed decision.

I imagine they also hope to cream off some of the connecting traffic that routes through London Heathrow on British Airways and Amsterdam on KLM among others. It would prove to be quite successful.

Transatlantic Joint Venture Approval

The US Department of Transport has tentatively given its approval for Aer Lingus to join the oneworld transatlantic joint business. This is operated by American Airlines, British Airways, Iberia and Finnair.

These airlines coordinate schedules and pricing, share revenues and expenses. For the consumer, it means more choice – those making a booking on British Airways across the Atlantic will also see options on American Airlines on the BA web site as one example.



Theoretically, it would allow people seeking flights on the British Airways web site to automatically be given options to fly non-stop with Aer Lingus, along with the Manchester-London Heathrow-US city connecting itinerary.

Whether Aer Lingus will join the oneworld alliance, even in a oneworld connect capacity remains to be seen. Frequent flyers would welcome it, especially those in Ireland.

Overall Thoughts

No doubt the boffins have been working behind the scenes to see if the business case for transatlantic flights from Manchester stack up. As things have proceeded as far as a slot application, I would guess chances are good that it will go ahead.

Either way, let’s see if this happens and if it does, whether Aer Lingus will stay for the long haul. If they can make more money elsewhere, they’ll up sticks and leave. Regardless, it is an interesting development in European aviation.

What do you think of Aer Lingus starting transatlantic services from Manchester? Thank you for reading and if you have any comments or questions, please leave them below.

To never miss a post, follow me on Facebook, Twitter and Instagram.
All my flight and lounge reviews are indexed here so check them out!

Featured image by N509FZ via Wikimedia Commons.
Aer Lingus A321neo LR by Pitmanaaron via Wikimedia Commons.
Business class cabin via One Mile At A Time.

By: The Flight Detective
Title: Will Aer Lingus launch transatlantic flights from Manchester?
Sourced From: travelupdate.com/aer-lingus-manchester/
Published Date: Wed, 18 Nov 2020 18:03:48 +0000

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