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...Scottsdale, Arizona, Gayle Henderson, a real estate agent at RE/MAX Excalibur, still works with the high end of the market, but today that job takes a different shape. She was recently approached by Luxury Home Magazine to write a piece on short sales - that is, selling your house for less than what you owe on your mortgage. "What might have been selling at $2 million two years ago could be selling for $1.2 million today," says Henderson. Compounding the problem: people who buy expensive homes often want them as second homes. Those folks are most certainly gone from the market...
...sell a house in Chula Vista and you're good to go - but don't expect much luck in La Jolla. Of course, what houses are selling for is a whole other question. Homes in those 20 least-expensive zips average sale pries are down 30%, while the high-end areas only saw an average drop of 12%. An uptick in sales hasn't affected all price points evenly - but in certain ways, maybe that's a good thing...
...end of the day, what we really need to do is reevaluate our war on drugs,” he said. “A lot of it has to do with the abysmal way we’ve been addressing our drug issues. It’s not really a surprise that we have systemic violence developing from that...
...suggested that anti-immigration policy in the U.S. was correlated with times of economic downturn. Italy is certainly facing a rough economy. Just two weeks ago the The Organisation for Economic Co-operation and Development released a report stating that the organization did not see an end in sight to the Italian recession. Following Friedman’s hypothesis, it would make sense that xenophobic tendencies might rear their ugly heads right about...
...It’s exciting—even liberating—to feel as though I have a real job. But what’s going to happen to those desks in the middle of the newsroom come the end of the summer? There will be fall interns, but is this sustainable...