Word: profits
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...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 the minimum period of one year (except for hardship reasons). Hilton says Meritage already has several cases pending in court against investors who violated those contract terms. "We weren't doing this a few years ago because the investors were few and far between," says...
...should be allowed to buy a second, third or fourth home if he or she wants." That goes for real estate investors and speculators, even those who "flip" homes-that is, people who buy a house or condominium for the sole purpose of quickly selling it off for a profit, usually before construction is completed and often without even taking title to it. But Bianchi, a real estate broker and co-owner of Paradise Properties in West Palm Beach, Fla., who says he may soon flip a luxury condo himself, admits that his convictions about the practice are being tested...
...Wind buyout has some investors puzzled because it runs counter to Sawiris' strategy of investing in underserved Middle Eastern markets. Wind, with 12 million subscribers, is Italy's third largest mobile-phone service, but it has never made a profit. Moreover, given Sawiris' focus on bringing phone service to developing countries, it's hard to see the attraction of Italy, a wealthy nation saturated with telefonini. That's one reason Sawiris is investing his own money, not Orascom's. "It doesn't fit," he acknowledges--at least not for now. Yet Sawiris can point to his record of success...
...world's market leader, sold more than $1 billion worth of solar panels last year and expects a 28% increase this year. Sanyo expects a 60% sales increase this year, and at Kyocera, solar panels account for 5% of the company's total sales and 12% of its operating profit. "Solar is a booming business," says Sharp president Katsuhiko Machida, "and it is one of our core targets for growth...
...world's market leader, sold more than $1 billion worth of solar panels last year and expects a 28% increase this year. Sanyo expects a 60% sales increase this year, and at Kyocera, solar panels account for 5% of the company's total sales and 12% of its operating profit. "Solar is a booming business," says Sharp president Katsuhiko Machida, "and it is one of our core targets for growth...