Home builders up ante to lure buyers Incentives, discounts are pervasive as market slows and inventories climb Large home builders are dangling out more incentives to reluctant buyers as the roof caves in on the U.S. housing market. To entice customers, companies are serving up deals that include a free pool, a fancy kitchen or …
Monthly Archives: October 2006
Putting a value on investment property
Putting a value on investment property Although you may not think so from reading the newspaper or watching television, people are continuing to invest in real estate as part of their financial plan for the future. Yes, we may not see the double-digit appreciation numbers of the past several years here in the Napa Valley, …
Deal to tear down Hyatt has been called off [South Florida]
Deal to tear down Hyatt has been called off [South Florida] A deal to tear down the 297-room Hyatt Sarasota and its connected conference space is dead, a victim of the less-than-crying need for more luxury high-rise condominiums in Southwest Florida. While it might feel like a canceled $65 million check to the hotel’s owners, …
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Make investment property pay
Make investment property pay Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial. Various strategies can be used on the road to real …
Bankruptcies likely to spike, experts warn
Bankruptcies likely to spike, experts warn Adjustable-rate-mortgage payments are rising, forcing unpleasant options. In the year since a tougher federal bankruptcy law took effect, personal-bankruptcy cases have plummeted, and consumers must clear more hurdles than ever to get a financial fresh start through the courts. That’s a stark contrast to previous years, when personal bankruptcies …
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All in the Family [New York City]
All in the Family [New York City] Emily T. Frick and Dr. Henry Clay Frick II, the grandson of the legendary steel magnate, have bought a co-op at 3 East 77th Street. The $3.9 million purchase comes eight months after the couple sold their 7,000-square-foot house in Alpine, N.J., for $58 million. How does one …