chronicle real estate
Sunday, February 21st, 2010
chronicle real estate
How does this essay look?
Fred Squander, one day, digs in his pocket to find no money. Alas! His vigilant eyes spot Old man Opulent groaning in pain about his arthritis every time he walked to the corner to bend down and pick up his San Francisco Chronicle. Fred takes a leap at financially boosting himself and being a beneficial citizen to the elderly. He offers to walk Skipper for $10 a day which Old man Opulent consents to. That is capitalism. I most certainly agree that capitalism doesn’t create greed; but an outlet for financial opportunities. As citizens of the United States, we jump to every chance to exercise our free rights which is why capitalism works. The multiplicity of work that gets put into stores, restaurants, or real estate satisfies the needs of the consumer and the retailer. Despite the risk of falling into greed, capitalism allows for a society to be stable with the conveyor belt of income.
For the first sentence, I would maybe start with the one day instead of his name because it seems awkward the way you started it. Like ” One day, Fred Squander digs in his pocket to find no money.” See what I mean?
The sentence that starts with his vigilant eyes is a run-on sentence. Maybe you could say “His vigilant eyes spot (why is old capitalized?) old man Opulent groaning in pain because of his arthritis as he walked to the corner to pick up his San Francisco Chronicle.”
The next sentence is pretty good, but maybe you could word it differently.
As for the next one, you could say “He offers to walk Skipper for $10 a day which Old man Opulent consents to, presenting an example of capitalism??”
And “as citizens of the United States, we jump AT every chance…
It’s a pretty good essay overall though. Hope I helped <3. Sorry if I went crazy editing but I love reading papers haha
chronicle real estate
Atlanta Real Estate | How Sellers will Prevail
Living in Atlanta is easy. It’s finding the right home for the right price that is difficult. But if you’re looking for a home, it’s good to know that some aspects of the real estate market are at least staying afloat in this troubling economy.
The recent front page story on the Atlanta condominium market (“Condo market cresting,” Oct. 13-19) used a series of selective facts and omissions to paint a misleading picture of the current state of our industry. In fact, there is no oversupply of condominium homes in Atlanta, and the developer and resale market here continues to thrive.
Start with the two resales your report cited at Novare Group’s Spire community in Midtown. The story indicated that both homes were originally listed for resale at $515,000 and sold for $449,000 and $475,000. These facts were followed by the quote, “If you are not selling your condo at the right time, you will lose [money] …” What was not revealed to your readers were the original condominium purchase prices of $405,000 and $418,000 for each respective unit, and that each of those sellers made an average pre-commission profit of $51,000, or 12 percent, in 101 days on the market. That has been common at Spire, where out of 120 listings on the First Multiple Listing Service, 62 have sold and six are under contract. Out of these resales, sellers have averaged a 10 percent profit in less than a year. Using resale transactions where the sellers actually made significant profits to support the proposition that money was lost was misleading to your readers.
Move to TWELVE Atlantic Station, where there have been 10 resales, three under contract and 66 current listings. Resales are averaging a profit of 12 percent, and TWELVE has been open just 10 months. Then to Metropolis, where a single $158,000 resale transaction was given as evidence of a low-water mark. The homeowner who sold that 556-square-foot studio for $284 per foot in 56 days on the market bought it from us for $143,366 and made a $14,000 profit.
There is more. The Buckhead penthouse (not developed by Novare Group) cited that was “originally priced at $1.2 million and is now priced in the $600,000′s” was given as evidence of a weak market today. The real facts are that the penthouse was developed and marketed in 1999 and then sold for $550,000 in 2003, three years ago. It is now listed at $699,000. Even the Chronicle’s own visual graphic on page 47A indicates growing resale activity in Fulton County year over year from 2005, both in the number of condominium homes sold and selling prices. This pattern of facts points to a strong and growing market for condominiums, which is not the tone or conclusion most readers would draw from the Chronicle story.
So it’s easy to see that condoes can maintain in Atlanta. But finding the right home might be a different story.
About the Author
Michael Russell writes about a variety of subjects. This article discusses moving to Atlanta. For more information on Atlanta real estate, visit the Real Estate Book.
Why is the democrat culture of corruption allowing Sen Feinstein to stay in office?
On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the Washington Times reported on Tuesday
http://www.foxnews.com/politics/2009/04/21/sen-feinsteins-husband-cashes-crisis/
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/22/MN310531.DTL
I hear ya I am tired of it…If this were a Rep it would be the lead story on every network. They are all a bunch of crooks, we need term limits no more career politicians
Tommy Stephenson | Real Estate Agent | Augusta Chronicle
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