Word: arizona
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...that they'll actually occupy the home they buy (or at least disclose whether the unit will be a primary or secondary residence or merely an investment). Others, like Robins, limit the number of units a person can purchase in any one development; and some, like StarPointe Properties of Arizona, are requiring investors to close on (and take title to) the property they're buying. Hilton and Meritage, as well as a host of other large developers like Pulte Homes, are playing even harder ball: they now demand that a homebuyer forfeit the profit if selling a home before...
...understatement. To them, real estate investors, especially flippers, are to the housing boom what day traders were to the disastrous dot.com craze: a scourge distorting the market. In fact, Steve Hilton, co-CEO of Meritage Homes Corporation in Plano, Texas, said in an interview last month with the Arizona Republic in Phoenix-one of the nation's hottest real estate markets-that many investors today are "parasites" who artificially "raise the price of housing" but "don't bring any value." Craig Robins, head of Dacra Developers in Miami, concurs: the investors, he says, are bringing a hyper-short-term mentality...
...homeownership plan the government will be keen to promote. Two illegal immigrants from El Salvador took possession last week of a 70-acre Arizona ranch as part of a civil judgment against a vigilante leader who allegedly threatened them with a gun when he caught them sneaking into the U.S. in March 2003. The immigrants said the ordeal left them with posttraumatic stress, a condition that seems to be spreading fast on the Mexico-U.S. boundary. To wit: Arizona Governor Janet Napolitano declared a state of emergency last week because, she said, "the Federal Government has failed" to secure...
...right, bucking many members of their own party, the G.O.P. is split between those who want tougher security first and those who seek comprehensive reform. That split is spelled out in two competing Senate proposals: one sponsored by Texas' John Cornyn and fellow Republican Jon Kyl of Arizona would require illegals to leave the country to apply for work visas and would fund 1,250 more customs and border-patrol agents and $5 billion worth of cameras and sensors along the border. A more lenient bipartisan plan from Arizona's John McCain and Massachusetts' Edward Kennedy would allow illegal immigrants...
...clearly immoral in today's world. It is past time for prominent leaders from all the world's major religions to express a genuine commitment to finding a common moral ground that will allow all peoples to choose the faith that best fits their needs. William M. Diekmann Phoenix, Arizona, U.S. It is with dismay that I hear the worn-out excuses offered by both liberal and militant Muslims for committing grievous crimes against innocent people. The world is not a perfect place, but when the rest of us don't get what we want, we aren't hell-bent...