Word: buyer
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Dates: during 2000-2009
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Brentwood Flats is a microcosm. In one case, a buyer paid $745,000 for a humble 70-year-old, three-bedroom house in 2003. It was promptly ripped down, and 18 months later the two-story, five-bedroom Italian villa erected in its place sold for $2.7 million. Around the corner, one lot has changed hands three times in four years. Its original two-bedroom Southern Colonial went for $567,000 in 2000; the four-bedroom traditional that replaced it brought more than $2 million last August...
...homes became more distant last week. Reason: the Federal National Mortgage Association, known as Fannie Mae, tightened its mortgage-eligibility standards. Borrowers who put up less than 10% of the purchase price on a home must now have higher incomes. Under old Fannie Mae rules, for example, a buyer making $36,814 could purchase a $76,500 home by putting down 5% and getting a $72,700 loan at 12.2% interest. Now that same borrower would need an income...
...York research firm. Many readers seem to be Walter Mittys, content to experience danger vicariously. The magazine derives most of its revenue from circulation, but Brown is now pushing to attract big-name advertisers, including car and liquor companies. "It would be a hard sell for a media buyer," admits Advertising Manager Joan Steele. "The mercenary thing tarnishes our image...
...Whether they're consumers or producers, shareholders or voters, laborers or arts mavens, citizens of the world or school children, Australians can feel the dragon's heat. China is at once an old friend, a potential foe, a buyer, a seller, an alien nation and a muse. It's the face and spirit of globalization: Australia's distant factory floor and an endless market for the country's minerals, gas, technology and brain power. China's soft power is seeping into Australia's cities, suburbs and remote corners. It's changed the nation, and continues to change...
Doutre-Roussel succeeds in her attempt to penetrate Valrhona’s closely-guarded headquarters, but she fails in her later mission. As the chocolate buyer at the London department store Fortnum & Mason, she undertakes a quixotic bid to introduce the British to fine chocolate. But she quits in frustration at her customers’ persistent desire to buy violet creams...