...Fairly Real Tales Guillermo del Toro’s Pan’s Labyrinth is about the power of fairy tales. As del Toro discusses, for Ofelia, fantasy compensates for the horrors of reality. Throughout the film, she struggles to reconcile her two worlds: the real and the imaginary. Furthermore, her imaginary world can be seen as one in which she has the agency that she is denied in the real world. Ultimately, Ofelia’s fairy tale world offers her insight into the real world and salvation from the horrors of the real world. In an interview, Ethan Alter asked Guillermo del Toro whether Ofelia’s fantasy world is real or all in her mind. He answered that it’s true: “There’s a very clear instance in the movie where there is no other explanation” (Ethan 14). He says that “in my mind, the movie tries to say that if you don’t know where to look, you won’t see these creatures. Like Vidal—he’s unable to see them” (Ethan 14). However, he does say that other viewers may see the film in different ways: “there are two kinds of audiences for this movie: one that will believe it’s real and the other that will think it’s imaginary. For me, the movie is like a Rorschach test. It defines you as a glass-half-empty or glass-half-full person. Which is fine, I like the idea of that being your choice” (Ethan 14). Del Toro’s comments prove that Pan’s Labyrinth attempts to show a world in which fairy tales offer insight into reality and a means of saving oneself from its daily...
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...Identifying the Real Problem Each and every day we encounter problems that we have to solve. In the midst of these problems we find growth and understanding. Problems, in fact, are never new. Simply, they are all variations of the problems that we all share – not feeling good enough or worthy of something or someone, an inability to trust, and fear of abandonment or separation. All of these problems we struggle with at different levels, however, the themes are always the same: finding a sense of purpose, peace of mind, and love. All of these problems can be resolved in one way – the relationships we make in life. The most important of these relationships would be the one with our self. Life and emotional problems don’t seem to exist without relationships being involved; a sense of right or wrong, with or without, good or bad, and the dysfunctional relationships that we have with these allow us to see what is dysfunctional with even ourselves and help us find ways to improve on them. Once you see the problem and catch the repeating theme, you can look at similar experiences and determine what relationship needs to be improved, and watch as these problems begin to spiral in repetition and funnel down the drain, until one day they’re gone. We learn something when we make the same mistakes. Something in us grows stronger than it was the last time. We develop a deeper understanding and are more prepared for all the problems that the future holds. We’re all on the same journey...
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...Chapter 13 key terms: Armin Hadziomerovic Acceleration Clause- A contract provision that allows a lender to require a borrower to repay all or part of an outstanding loan if certain requirements are not met. Ad Valorem Taxes-is a tax based on the value of real estate or personal property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). Assessment-the evaluation or estimation of the nature, quality, or ability of someone or something. Assignment of Rents Clause- is a provision in a deed of trust or mortgage. Bearer- a person who presents a check or other order to pay money. Bona Fide Purchaser for Value- referred to more completely as a bona fide purchaser for value without notice – is a term used in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the title of that property. Broker Lien- a right to property or payment that a broker has if the buyer does not pay the money owed to the broker for a sale: Collateral- something pledged as security for repayment of a loan, to be forfeited in the event of a default. Contractor- a person or company that undertakes a contract to provide materials or labor to perform a service or do a job. Default Clause- a failure to act, esp. a failure to meet a financial obligation or to appear in a court of law at a time specified Deficiency Judgment- is an unsecured money judgment...
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...Joe Morris Real Estate Extra Credit Assignment Chapter 4 Ad Velorum Taxes are property taxes that are based on the market value of the property. Affordable housing allocation is a requirement that encourages or mandates a "reasonable and fair" component of new housing construction for lower-income families. Assessed Value is the value determined as the basis on which an owner's property tax liability is calculated, usually a percentage of market value Board of adjustment refers to that in local zoning law, a board of citizens, appointed by the governing body, to hear and make determinations on appeals for zoning variances. The board of adjustment is somewhat unique in that its determinations are final rather than merely recommendations to the governing body. They can be appealed only in court. Comprehensive Plan is a local government's general guide to a community's growth and development based on the community's goals and objectives. Concurrency is the requirement that public facilities and services, including roads, sewers and schools be available at the same time new development is completed Condemnation is the legal procedure involved with eminent domain, the right of government to acquire private property, without the owner's consent, for public use in exchange for just compensation. Dedicated (property) is the conveyance of property form a private owner to government for public use. Common examples are the dedication of streets, parks, or other areas to local government...
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...COMPETITION COMMISSION OF INDIA A REVIEW OF THE COMPETITION ISSUES IN THE REAL ESTATE SECTOR: AN ANALYSIS OF THE POSITION POST DLF CASE INTERNSHIP REPORT DECEMBER 2012 SUBMITTED BY: Kirti Dashora, IV Year, Gujarat National Law University (GNLU), Gandhinagar A REVIEW OF THE COMPETITION ISSUES IN THE REAL ESTATE SECTOR: AN ANALYSIS OF THE POSITION POST DLF CASE ACKNOWLEDGEMENTS The successful completion of this project could not have been completed without the valuable guidance and insights of many people. I would like to thank Mr. Yogender Chaudhary, Adviser (Law) for guiding me throughout my internship period. I would also like to thank Ms. Bhawna Gulati, Deputy Director (Law) for providing me helpful suggestions regarding the project. I also thank all the officers in the Commission who provided knowledge of the working of the Commission during the rotation exercise. The library staff also provided help whenever it was required. Page 2 A REVIEW OF THE COMPETITION ISSUES IN THE REAL ESTATE SECTOR: AN ANALYSIS OF THE POSITION POST DLF CASE TABLE OF CONTENTS ABSTRACT…………………………………………………………………………………5 OVERVIEW OF THE REAL ESTATE SECTOR IN INDIA…………………………..….6 Regulation of the Sector………………………………………………………..……7 The Real Estate (Regulation and Development) Bill, 2011………………………....7 ABUSE OF DOMINANCE IN THE REAL ESTATE SECTOR……………………..……9 Relevant Market…………………………………………………………………..…9 Assessment of dominance………………………………………………………..….9 Abuse of dominance……………………………………………………………...
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...and Opportunity in Bangladesh Real Estate Sector http://blog.flatbari.com/2011/01/24/present-crisis-and-opportunity-in-bangladesh-real-estate-sector/ In the beginning of the year 2009, “the real estate sector will be the first growing sector and huge prospect in near future”, announced by the Govt. The Govt. was right because the sales of land and apartments grew by 20 percent last year, compared to the previous year, the industry insiders said, the realtors handed nearly 20,000 apartments in 2010. Along with industrialists, expatriate Bangladeshis, garment makers and a number of middle-income people invested in real estate last year because of a better economic situation. But in year 2011, the scenario may negative because the present Govt. decision and the increases the prices of raw materials included MS rod, the government is trying to make it mandatory for an apartment to meet 3 percent of its energy need from solar power. But Mr. Tanveerul Haque Probal, managing director of Building for Future Ltd. said that they(Developers) don’t have necessary infrastructure to set up solar panels for every apartment and it will be too expensive. And that is why, the scheduled hand over may delaying and property buyer also suffering and paying extra for rent. NRB Real Estate Buyer Community, the power of Bangladesh Economy. A Lot of foreign investor already invested on this sector and feeling uncomfortable. The property owner , Real Estate Developers, REHAB , FlatBari...
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...ANALYSIS OF REAL ESTATE SECTOR IN INDIA REPORT SUBMITTED TO Dr. Dennis Raj Kumar Submitted by (GROUP-9) Lavanya Sriharshini Vinod Varun Ashok P Manju harsha Pramit CONTENTS CHAPTER NO. | CHAPTER NAME | PAGE NO. | | ABSTRACT | 3 | 1 | INTRODUCTION | 4 | 2 | MARKET STRUCTURE | 6 | 3 | ANALYSIS OF INDIAN REAL ESTATE IN HOUSING SECTOR | 11 | 4 | PRICING STRATEGIES | 16 | 5 | ADVERTISING STRATEGIES | 19 | 6 | FINANCIAL ANALYSIS OF INDIAN REAL ESTATE COMPANIES | 21 | 7 | FUTURE OUTLOOK OF REAL ESTATE | 32 | | CONCLUSION | 35 | | REFERENCES | 36 | ABSTRACT EXECUTIVE SUMMARY: Real estate sector in India is assumed greater heights with the labor migration, liberalization of economy which led to raise for commercial and housing space.2012 was very sluggish year in terms of growth where GDP contribution of real estate declined from 10.6% to 6.5% due to raise in input cost, high lending rates which impacted sales as a result of inflation. Real estate sector is described as cyclic moments in terms of price over a period of time which caused fluctuations in commercial and residential markets. This resulted in change in economic policies of Indian market environment. The change in macro-economic factors such as GDP, employment rate, population growth, House hold disposal income, stock market values, Price to income ratio, Net rental yield, Household debt service ratio, interest rate / mortgage rate, demand supply...
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...CHAPTER 1 THE NATURE OF REAL ESTATE AND REAL ESTATE MARKETS ------------------------------------------------- Test Problems 1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: b. User market 2. The market in which required rates of return on available investment opportunities are determined is referred to as the: d. Capital market 3. The actions of local, state, and federal governments affect real estate values d. All of the above 4. Approximately what portion of U.S. households own their own home? b. Approximately two-thirds 5. Of the following asset categories, which class has the greatest aggregate market value? d. Nongovernment real estate 6. Storm water drainage systems are best described as: b. Improvements to the land 7. What is the single largest asset category, in terms of value, in the portfolio of the typical U.S. household? a. Housing 8. Real estate markets differ from other asset classes by having all of the following characteristics except: d. Homogeneous product 9. Which of the following is not important to the location of commercial properties? c. Access to schools 10. Which of the following attributes of a home are the most difficult to observe and value? c. location attributes ------------------------------------------------- Study Questions 1. The term real estate can be used in three fundamental ways. List these...
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...subject area i.e. the impact of middle class on the real estate sector. The chapter links to the Research Objectives and contains secondary analysis and descriptions, which may provide a platform for later evaluation. According to a research by Deutsche Bank, World Bank, McKinsey and CNN- IBN(Sources should be with year example So Deutsche Bank,(Year) ), the total Indian middle class ranges from 300 million to approximately 360 million people; this comprises less than 30 percent of the total population of 1.2 billion (Please refer Chart 1 below). For multi-national corporations and domestic real estate companies, the middle class in India thus presents significant business opportunities. Over the last several years, the overall growth in the real estate sector has burgeoned and this explosion is primarily due to the aspirations of the lower middle, middle and upper middle class of India. Apart from this a whole new range of investment options in the real estate sector has increasingly gaining acceptance. However, keeping in mind the exposure and increasing needs and desires of the middle class, not many significant efforts have been made towards educating the masses. Dire improvements are needed to match the needs of the growing middle class and educate the masses about the real estate sector, which primarily is an unorganized sector. In order to ensure that the growing middle class integrates and understands well about the real estate, the right education has to be on everybody’s...
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...commercial real estate (CRE) crash of the early 1990s was that problems associated with massive over-supply can plague the industry for many years. The lesson that will be learned in the current crash (with CRE prices declining by 40-50%, or more, from their peaks, the term crash is, once again, appropriate) is that problems emanating from the financing side—in particular, a massive deterioration in underwriting standards and a concurrent rise of excessive leverage—can lead to problems of a similar (or greater) magnitude, even without supply problems. While most attention in commercial real estate today is focused on the dramatic deterioration in term loan performance (i.e. the performance of loans prior to maturity), we believe that a potentially even more troublesome issue is the extent to which loans originated during the 2005-2007 period will encounter problems refinancing at maturity. To date, this issue has largely been dismissed with the vague and, in our view, naive observation that lenders will simply extend the maturity dates of loans that fail to qualify for refinancing. However, the scale of this problem is virtually unprecedented in commercial real estate, and its impact is likely to dominate the industry for the better part a decade. At its core, the issue is fairly straightforward: The dramatic weakening in underwriting quality that began in 2005, along with compressing cap rates and ballooning leverage, led to rapidly rising commercial real estate...
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...Chapter 4 we discussed how one can apply these models using real life and also synthetic (simulated) data. While realizing the limitations of the data used to apply these models, we discussed and developed an SDSS in Real Estate using GIS in Chapter 5. The purpose of this Chapter is to discuss the methods and techniques for updating the values of the parameters involved in the models from time to time using the data collected in SDSS. This is important since the real life is not static and ever changing and the future is highly uncertain and all the decisions that are made today are for the future. Accordingly, it is required that the decisions made today must be robust so as to be able to meet the challenges of the future turbulences to the extent possible as desired by the decision maker. 6.1. Parameters to Be Estimated There are various classes of factors that are relevant for real estate management and these have been classified in Chapter 5. The process by which all these factors affect the price of a particular real estate property can be very complex. Nevertheless one is required to forecast the price of a property from time to time. If one assumes that the actual price of a property ultimately reflects the combination of all these factors then one can consider prices of a property as the resultant time series process. As we have seen in Chapter 4, the hybrid model for forecasting price of a particular real estate property describes this process very well. However...
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...Relationship between Real Estate and Financial Sectors in Dubai Economy Dr. Eisa Abdelgalil Data Management and Research Department Table of Contents Table of Contents............................................................................................................i ......................................................................................................................ﻣﻠﺨﺺ ﺗﻨﻔﻴﺬيii Executive Summary ..................................................................................................... iii 1. Introduction................................................................................................................1 1.1 Background ..........................................................................................................1 1.2 Objective ..............................................................................................................1 1.3 Research questions...............................................................................................1 1.4 Methodology and data..........................................................................................2 1.5 Outline of the study..............................................................................................2 2. Dynamic of Real Estate Market.................................................................................3 3. Impact of Real Estate on Financial Institutions ........................................................
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...REAL ESTATE AND HOUSING ASSOCIATION OF BANGLADESH Bye- Laws on Code of Business Conduct REHAB is committed towards the enhancement and growth of the Real Estate Sector of Bangladesh. REHAB members recognise that for sustainable long term growth of this sector, they must conduct their business with a high degree of professionalism, fairness, integrity and ethics. In recognition of the member’s responsibility and obligation to Customers, Land Owners, fellow members, the public and the country, the Executive Committee of the Real Estate Housing Association of Bangladesh 2008-2009 exercising the power conferred upon it under clause VI. B of the Memorandum and Articles of Association of the Real Estate Housing Association of Bangladesh incorporated under the companies ACT, 1913 (new 1994) does hereby approve and adopt the Bye-Laws on Code of Business Conduct with the tenets set forth hereunder to be followed by its members. Violation of the Code of Business Conduct by any member of Rehab shall be considered to be prejudicial and detrimental to the interest of the Real Estate Sector and the association and the Executive Committee may issue a show cause to the offending member. Such notice shall specify the date, place and time of hearing so as to allow the member an opportunity to defend himself before the Executive committee. If the Executive Committee finds enough grounds to conclude that the said member has violated the Code of Business Conduct as outlined in this Bye-Laws, then...
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...long-time family clients. John and Judy are at a stage in their life where they are interested in diversifying each of their portfolios to include investments in real estate assets. Both John and Judy want to purchase a property that is large enough to attract a professional real estate management company, and attain a minimum leveraged return of 10% after tax. In addition, both parties feel that real estate will give them the benefits of diversification, protection from inflation, and some tax advantages. Cartwright has four properties he believes to be perfect for his client, however, he needs to narrow them down to just one property to each client. John DeRight is currently in retirement and he has all of this wealth in securities; primarily in common stock of a company that bought his start up company and has $750,000 in dividends paid on the stock as well as another $250,000 to invest in a property. Judy is a much younger investor and she is the sole stockholder of a small-sized chemical company. Judy has accumulated over $45 million to invest in and being at the peak of her career, she would like to invest in long-term possibilities. Although she has received numerous offers, Judy does not wish to be bought out by anyone and thus desires to diversify the investments she already owns. John and Just both felt that real estate would give them the benefits of diversification, protection from inflation, and some tax advantages. One of the four properties...
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...Hi.. This is _________ with _________., and Im calling about the home for sale on _____________________. Are you the owner? Great!! Did the home sell already or is it still for sale? Fantastic Im calling because I know of all the homes for sale….. and even about the ones that aren’t listed through Real Estate Agents. My name is Eddie by the way what’s yours? How many bedrooms is the home? How many Baths? On a scale from 1-10 how would you rate your home, 10 being the best . Fantastic So tell me…If I had a buyer that made a reasonable offer on your home, are you prepared to pay a commission? Ok great , how much is that ? So how much are you asking for the property? Do you consider that a discounted price because your selling it yourself? Or do you consider it fair market value? Great! It sounds like you have a great home…where you folks heading after you sell this home? How soon do you have to be there? Do you have to be there in 5 months? Or do you have to be sold at that time? So ____ I understand that you want to sell the home privately…And if the home doesn’t sell are you thinking of interviewing a powerful agent to sell your home? If there was an advantage to... using me now... to market your home would you consider it? Let’s just meet for 20 minutes or so... so I can show you how I’ve been able to help so many people... like yourself... I have time this afternoon or is tomorrow better for you? If they say no.. then schedule a...
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