Edward Alexander a Harvard graduate is looking to invest in a small income producing apartment building in the Back Bay-Beacon Hill area of Boston, Mass. He currently has $80,000 dollars saved up to purchase this property. He began his search for the perfect property checking current listings and prices using, www.bankrate.com and www.realestate.boston.com. Due to many of his friends living in the area he gained access to eNeighborhoods a program that allowed him to enter addresses and it would show the previous 25 properties sold. Most properties observed sold for $700,000 and higher and required an initial equity investment of $150,000. Since he only has $80,000 in equity he plans to take out a mortgage to cover this cost. He found that the listings he came across were rundown and in bad condition. Such as one property on Myrtle St. This property showed a 20% return on cash investment, but did not account for repairs, vacancies, or management expenses. With these included the cash return would be only 3%. The values of many buildings on Beacon Hill had doubled or tripled in the past ten years due to a large amount of wealthy professionals anxious to own real estate. Alexander therefore believed that an apartment building in the Beacon Hill area would be a safe investment due to little chance of depreciation for functional or economic causes.…
Mr. Alexander is a gentleman that is looking to build his investment portfolio through residential real estate. He is looking at investing in a 4-plex in a historical district located within Boston, Massachusetts. The building is located on Revere Street and has a listing price of $350,000. Mr. Alexander is evaluating the possible commitment to understand what he stands to gain from the annual cash flows while at the same time understanding the risks involved. The subject property is located within a historical district and is not yet capable of housing tenants. Property will require significant improvements prior to inhabitation. Client will be looking to secure a mortgage to facilitate the purchase of the property. All variables must be assessed and measured to provide Mr. Alexander with a recommendation to purchase said property and make any adjustments to the structure of the deal or to pass on deal all together. Our client also desires to live in the apartment building, and this must be taken into consideration both from a fundamental perspective as well as financial one.…
The citizens of Leningrad during German’s siege of the city suffered through horrors that left them and their country forever scarred. Somewhere between the opulent officials of the Red Army and the cannibals roaming the streets of Piter were citizens like Lev and Kolya, one a Jewish looter and the other an Aryan deserter. After meeting in a prison cell they are tasked to collect a dozen eggs in exchange for their lives. David Benioff’s City of Thieves is a case study of their unlikely relationship which uses the inhumanities of a besieged Leningrad as a backdrop. The humor employed by the two protagonists as well as their ever-improving relationship is used by Benioff to contrast with the bleak setting in which the book takes place.…
In the presentation regarding the “Gang Warfare In Vancouver Streets” I described the reasons and causes behind such kinds of activities that is harmful for the society. Who are those who join gangs?…
Individuals lead to crime for slightly different reasons which relate to their unique genetic character, their corresponding mental ability, their socialization and life circumstances; it is the interplay of these and other variables, any one of which may be more determinative in a particular case that causes a particular individual to resort to crime. Consequently, crime, like poverty, doesn't lend itself very well to comprehensive solutions, unless these solutions simultaneously address all the dominant factors underlying its causation in the majority of cases. The “Urban Society-Gesellshaft Thesis” goes on to say that important normative constraint which served to deter criminal behavior in the past tend to be absent in modern urban societies. The dramatic increase in crime in the 19th and 20th centuries has been attributed to the absence of a sense of community in urban societies.…
Throughout the 1992 film, “Boyz in the Hood,” John Singleton takes a closer look at urban black America in South Central Los Angeles. Doughboy, Ricky and Trey, along with their parents are chronicled from childhood to adulthood. Each person, though living in the same neighborhood chooses different paths in life. These characters were raised in a very deviant community, however there were many causes as to why they did not all become deviant. Deviance is defined as behavior that goes against what is socially acceptable. It is when a person disregards what is normal in a specific society and acts upon it. Throughout the movie these characters had many chances to engage in deviant behavior, as some did while others did not. Their behavior and personality was determined by many factors and theories which sociologist study. The four main theories which explain why these characters did or did not become deviant are differential association, labeling, social control, and structural strain theory. As this deviant society is exposed to these theories, a normal society can better understand why and how this deviance originated.…
There are so many avenues for kids to take. Peer pressure is tough! Friends can take their vulnerable friends down the wrong path. No doubt about it.…
Author Gary Krist attitude and/or tone towards Mayor Thompson is portrayed quite frequently throughout the book City Of Scoundrels. Showing his response to how the Mayor handles each situation in each disaster or political event going on. From handling the race riots Krist portrays how involved Mayor Thompson tries to be with the situation alone. Lone his vast support base from the African Americans and his support he gives them, he stays distant when decisions have to be made. Though uses his respect for the African American community to find his way to ‘victor’. Thompson uses his ‘somewhat’ wise tactics to keep his public figure on the good side. Krist voices his opinion on how remote the Mayor keeps upon the choices he has to make, while…
“Code of the Street” by Elijah Anderson explains the unwritten rules understand by people living in poverty or the inner cities. Most of these poor individuals fall victim to violence, and oppression. Although their goals may be to overcome their current circumstances, there is an understanding of the unequally that has been created unfairly and it provides a harder path for them to accomplish their goals. The information from the video relates to cultural deviance theory because it showed how people are a product of their environment. There were men on the corner participating in criminal activity and the spokesman also mentioned there were a lack of jobs in this area of Germantown Ave.…
Law enforcement in the United States has numerous functions that vary. There are three basic levels of law enforcement, local, state, and federal. These organizations are set up to meet the public’s needs. They do collectively work together to achieve many duties. This common purpose is to protect citizens and enforce the laws passed by legislators at the local, state and federal level of government ("Ehow Money", 2013). Each level is appointed their own responsibilities and procedures. The functions of the organizations are actually very similar ("Term Paper Warehouse", 2012).…
For this assignment, I chose my sister to sketch a second map of the area between Alder and Kincaid street. My sister is heading into her senior year at the University of Oregon, and knows the area quite well. I told her that I needed her to sketch a map from Kincaid to Alder street and label all the streets and businesses/shops around the area. I then gave her a ruler and a pencil and let her go to work.…
In the excerpt of Jane Jacob’s The Death and Life of Great American Cities, she implies the importance of city streets and sidewalks. Although it is believed that police officers enforce the peace in a city, but in reality it is the people’s actions that keep the peace.…
What if you knew a carnivorous, long domesticated mammal was living in almost every neighborhood in America, and their very intent was to seek out and destroy every person that could see right into their heart. And If they can't catch that person then they'll go and kill a much smaller animal. An animal that they have hated since the day these creatures were but on this earth, and they want to show you how much they hate that animal by showing how they killed it over and over again, by killing rodents.…
The Open University (2015b) ‘The life and times of the street, (Part 2)’ [Video], DD102 Introducing the Social Sciences. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=620287§ion=2.4 (17.02.15).…
Social justice issues demonstrate the blight of society in addition to negatively influencing quality of life and the developing potential of affected individuals or communities. David Benioff’s City Of Thieves recites the narrative of two boys freeing themselves from the shackles in which poverty places them in. The inequitable distribution of food, wealth, combined with the lack of government care throughout the country force laborious standards of living in order to survive. As a catalyst, political issues creates tensions between humans as a whole which spark towards war; leading to poor living conditions within the country. Resulting from poverty, inequality rises which contribute to the discrimination and segregation of…