Argument- The following appeared in a letter from a homeowner to a friend. "Of the two leading real estate firms in our town—Adams Realty and Fitch Realty—Adams Realty is clearly superior. Adams has 40 real estate agents; in contrast‚ Fitch has 25‚ many of whom work only part-time. Moreover‚ Adams’ revenue last year was twice as high as that of Fitch and included home sales that averaged $168‚000‚ compared to Fitch’s $144‚000. Homes listed with Adams sell faster as well: ten years ago I listed
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FIN 331 Final Exam Study Guide 10/15/13 6:34 PM Intro to Real Estate & Time Value of Money • • • Mortgage – a loan you get to buy to piece of property where the property serves as collateral Equity – the amount of your money in the property Down payment – a one time name for your equity o House $150‚000 Mortgage - 120‚000 Equity 30‚000 à Down payment 30‚000 ÷ 150.000 = 20% **What banks like to see • • As you pay off your mortgage‚ your equity goes up LTV (loan to value)
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hierarchy. The financial crisis in France consequently led the King Louis XIV to summon the Estates General‚ France’s represented body‚ which raised questions over the constitution of the Estates. In response‚ Abbe Sieyes confronted the question at hand with his widely printed and famous pamphlet‚ What is the Third Estate‚ which set revolutionary ideas and reason upon France’s common people. The Estates General‚ called upon by looming bankruptcy and preventive measure for financial collapse‚ had
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KEY RISK FACTORS Real estate sector growth would be driven due to a large unmet demand for housing and commercial spaces in the country. Demand side factors are unlikely to act as a key risk to real estate growth‚ unless serious economic downturn occurs. The factors that may hinder the pace of development would most likely be supply side related. Rising construction costs‚ skilled labor‚ shortages‚ project delays and excessive speculation resulting in demand destruction may result in revaluating
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France’s unequal social hierarchy made of three classes-the First‚ Second‚ and Third Estate- was extremely unfair to the Third Estate which was ninety seven percent of the population and included the poor peasants‚ but also the middle class; the group paid fifty percent of their income in taxes. After the success of the American Revolution the Third Estate began demanding democracy‚ equality‚ and liberty. The Third Estate formed the National
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over the country plunge France into chaos‚ directing France towards a Revolution; The French Revolution. In France the French society was divided into three estates; The First Estate consisted of Clergy which had a population of 100‚000 people‚ Second Estate consisted of Nobility which had a population of 400‚000 people and Third Estate which was the last‚ consisted of the Bourgeoisie‚ wage earners and peasantry‚ simply put they were categorized commoners‚ they made up 90% of France. There was
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CHAPTER 3: GROSS ESTATE DETERMINATION & EVALUATION OF GROSS ESTATE -starting point in computing Philippine estate tax liability GROSS ESTATE -consists of all property owned by a decedent at the time of his death‚ including stocks‚ bonds‚ real estate‚ mortgages & any other property that technically belonged to him -it shall not include the exclusive properties of the surviving spouse -property is called gross estate because it is to be reduced by decedent’s debts (including taxes)‚ funeral expenses
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French Revolution of Kings‚ Queens‚ & Guillotines 3 Estates 1. How was French Society divided prior to the French Revolution? 1st Estate (less than 1%): Catholic Clergy Owned 10% of land in France Paid 2% of income for taxes Scorned Enlightenment ideas 2nd Estate (2%): Rich nobles Owned 20% of land Paid little or no taxes Disagreed with Enlightenment ideas 3rd Estate (97%): Commoners 2. Explain the different divisions of the 3rd estate. 3 types of people Bourgeoisie(middle class) Skilled Workers
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economical problems going on at the time that led to the French Revolution. The three most important causes of the Revolution were the feudal dues‚ inequality of the estates‚ and the new emerging middle class. Feudal dues were harsh on the lower class‚ causing them to go in crisis. Poor people‚ such as workers and peasants in the third estate‚ were very destitute‚ and children were scruffy because the little money they had paid for feudal dues and taxes. It is unfortunate that the low income of the lower
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divided into three groups‚ First Estate which was the clergy’s‚ Second Estate which were the Nobilities‚ and the Third Estate which was the rest of the population. The First and Second Estate had special privileges; they did not have to pay taxes. The third Estate worked hard and had to pay all the taxes. France went into bankruptcy because Louis XIV had spent too much money. Louis XIV called the Estates General to solve the financial difficulties but the Third Estate did not agree with the unfair system
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