Word: buyer
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...prefers the work to remain in situ and "building owners tend to become irate when their doors go missing because of a stencil," the group's website states. Acoris Andipa, owner and director of the Andipa Gallery in London, which has sold Banksy's work, says that any "intelligent buyer" would not entertain the possibility of purchasing one of Banksy's street pieces. "It comes with too many question marks and a clear message from the artist that these works are not to be sold," he says...
Across the country, buyers are finding the current "buyer's market" increasingly frustrating. Realtors say wait times for deals to close have gone up, and more and more buyers are walking away, even when they find prices attractive. "Banks are a mess," says Dawn Connelly, a real estate investor in Palm City, Fla., who, despite dozens of offers, has bought only six houses in the past year. "They take months and months to accept an offer and aren't typically willing to make deals...
What a difference a few days make. Since an article in TIME one month ago lauded Charlotte's seemingly Teflon economy, a gas shortage closed stations and panicked consumers, and Wachovia went from a possible buyer of Morgan Stanley to being acquired itself by San Francisco-based Wells Fargo. The rush to build new homes has created a housing glut, and several of the construction cranes that had come to symbolize the city's growth now hover over stalled projects...
Thaksin, who was ousted from power by the military in a 2006 bloodless coup, got the news in London, where he fled in August with his family after his wife, Pojaman, was found guilty of tax evasion by Thailand's Criminal Court. (As the buyer of the land, Pojaman was also charged in the Oct. 21 case, but she was found not guilty by the Supreme Court's Criminal Division for Holders of Political Office because she was not a state official, and not liable to conflict of interest charges.) There was no immediate reaction from Thaksin or his lawyers...
...increase in mortgage rates means that the average borrower will pay $1,296 a month in mortgage payment for a $200,000 loan. That's $100 more a month, and $1,200 more a year, than the same loan would have cost them a few weeks ago. For buyers on a budget, that means they can afford less house for the same amount of money. Conversely, sellers would have to drop their prices to attract that same buyer...