Betting $4.8 billion on a U.S. default
By Annalyn Censky @CNNMoney NEW YORK (CNNMoney) — With its winners and losers, Wall Street is often likened to a big casino for obvious reasons. And even when it comes to a possible U.S. default next week, at least a few financial players are looking to cash in on such a bleak turn of events....
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A Plan for 2012 That You’ll Actually Follow
By Carl Richards Carl Richards is a certified financial planner in Park City, Utah. His sketches are archived here on the Bucks blog. His new book, “The Behavior Gap,” will be out in January. For 2012, I have a challenge for you: make financial decisions on purpose. Too much of what we do is based...
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Miami Real Estate Market Embraces Brazilians
In Miami, foreigners account for more than 65 percent of all condo and home sales, according to the Miami Association of Realtors. MIAMI — In 2008 the real estate market in this “Gateway to Latin America” was in the dumps, with the hottest deals involving foreclosures. And the future looked as dark as many of...
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REITs Find ‘Perfect Storm’ to Ride Real Estate Wave
By: Jeff Cox CNBC.com Senior Writer Low interest rates and an improving jobs picture have given real estate investment trusts a boost that makes them an attractive alternative to stocks and bonds. Commonly called REITs, the trusts have underperformed stocks this year just slightly but face strong prospects going forward as the two critical factors...
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For Miami Real Estate, Better To Be A Foreigner
It’s not that Miami isn’t welcoming to Americans, or that developers prefer Brazilians. They don’t. But in this global city today, the big real estate buyers are all from abroad. And one of the reasons, especially when it comes to new developments, is the sales model. “Latin Americans and Europeans are used to paying in...
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The Ten Commandments of Business Golf
Several years ago, I happened to pair up with someone I hadn’t previously met at the Santa Fe Country Club, where I usually play. After a few holes, we discovered common professional interests: He was about to buy a local magazine and—after editing a travel magazine for several years—I was looking for a new opportunity....
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Great investment opportunity at Opera Tower, 6% return of investment for 3 years guaranteed.
Great investment opportunity at Opera Tower with a guarantee return for 3 years. The 60 story tower on Biscayne Bay newly constructed in 2007 houses 635 units with a mix of studios, one and two bedroom residences. Its unique elliptical shape creates enhanced views from full wrap around terraces. Deluxe features include stainless steel appliances,...
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Genting cools interest in buying Miami-Dade School District property
The cash-strapped Miami-Dade School District has several options to consider from developers interested in buying its prime downtown real estate, but interest has cooled from its biggest suitor — the Genting Group. In December, the Malaysian investors told the School Board they were interested in buying the district’s downtown property, which spans more than 10...
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Mortgage-debt forgiveness preventing foreclosures
NEW YORK (CNNMoney) — Reducing the amount struggling homeowners owe on their mortgages is proving to be a more effective way to prevent foreclosures than other methods, such as reducing interest rates or postponing payments, a new report finds. In a report presented this week, Amherst Securities Group said that when principal reductions brought mortgages...
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