Word: unloading
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...sizable chunk of Miami's condo buyers--as much as 70%, estimates real estate analyst Lewis Goodkin--is made up of investors itching to flip condos like scalpers wanting to unload Orange Bowl tickets. And the story is similar in other highly developed metro areas. The biggest-paying bets in Las Vegas are being laid on the condos and hotel condos (essentially, hotel suites that you can buy) going up on the Strip. On Valentine's Day morning, Bruce Hiatt, a broker and co-owner of Luxury Realty Group, showed up at the Strip's Four Seasons Hotel with...
Investors paid $150,000 in 2003 for his boyhood home in Norfolk, Neb., but couldn't unload it (even after dropping the price on eBay to $93,500). After Carson's death, it was bought by a firm that develops historic properties...
...Maurice Salha, who came to Australia from Lebanon 40 years ago, imports homewares from China, supplying the Mum-and-Dad discount stores some people call "$2 stores" or "junk shops." On a Monday morning in the southwestern suburbs of Sydney, his warehouses are abuzz as workers unload newly arrived shipping containers Since the early '70s, Salha has been buying goods in Asia, watching the focus shift from Hong Kong to Japan to Korea to Taiwan and now to mainland China. When he first went to Guangzhou in 1974, it took him four hours to see all the merchandise...
Actually, it did, although the innovations it came up with were not always the kind that protected and developed an artist's talent. All that new money fostered a resale market, in which dealers helped collectors unload pictures they often had not held long in the first place. Paintings were "flipped" like Miami condos and traded like pork bellies--not a market designed to cultivate an artist's career over the long haul. "I try to forget the '80s as much as possible," says Robert Longo. "I was a total egomaniac, a lunatic child at that point." Early...
...Bronx Bombers. Giambi was granted immunity for his testimony, so he won't be charged with any crimes as long as he was truthful. The New York City tabloids have nonetheless pronounced him guilty (BOOT THE BUM; DAMNED YANKEE) of conduct unbecoming a Pinstriper. The Yankees would love to unload him if they could prove that he violated his contract...