Word: buyer
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...sincere interest or care about the actual use of the property," says Robins, "it won't be worth that much over time. It jeopardizes the market." In an exchange this month on the Inman News website, a leading real estate news service, a prospective Las Vegas condo buyer told columnist Robert J. Bruss he didn't like the "smell" of the developer selling units pre-construction to speculators. Bruss didn't mince his response: "There should be a law against real estate speculators who hope to tie up a property before construction without ever taking title or adding any market...
...respondents in a recent online poll, 67% said they wouldn't recall Davis now if given the chance. This most cautious of Democrats these days seems candid and downright personable. "I do feel liberated," Davis told TIME. But while he credits his positive poll numbers in part to "buyer's remorse" for electing Schwarzenegger, he adds that his smile reflects a feeling of redemption rather than revenge. Now a rainmaker at a Los Angeles law firm, Davis, 62, says, "I don't take any comfort in Arnold's difficulties. I've seen that movie." Still, some political pals are pushing...
...lightsaber used in the original Star Wars was bought for $200,000 at a recent auction. The buyer wishes to remain anonymous and a virgin." --CONAN O'BRIEN...
...after that company merged most of its aircraft operations with a French rival in 2000, MTU was left behind, an orphan inside the huge automaker. To make matters worse, the market for air engines nose-dived after the terrorist attacks of Sept. 11, 2001. Daimler soon looked for a buyer. KKR stepped in and took MTU private in November 2003. Since then it has replaced several top managers, including the chief executive; put the screws to the new bosses to improve operating performance; and, more quickly than initially anticipated, cashed...
...money-down advocates tell their students to look for so-called motivated sellers, people who are so desperate to unload their property that they will go along with a highly leveraged financing deal. One such scheme is what Allen calls the Second Mortgage Crank, in which the buyer of a $100,000 house persuades the seller to take out a new bank mortgage of $75,000. The no-money-down buyer then assumes that mortgage and gives the seller an installment IOU for the remaining $25,000. Persuading sellers to accept this kind of deal is not easy, since many...