Sentences with phrase «estate speculators who»

Democratic mayoral candidate and current city Comptroller William Thompson told the Staten Island Chamber of Commerce today that, if elected, he would reinforce existing zoning laws for manufacturers, protecting them from «real estate speculators who offer only short - term leases,» as a means of encouraging financial recovery.

Not exact matches

The widows of the Vanderbilt tycoons who had built the New York Central Railroad sold their ponderous mansions on Fifth Avenue — urban châteaus that lined «Vanderbilt Alley» from 42nd Street to Central Park — to real estate speculators like Benjamin Winter and Frederick Brown.

Beyond the Townsend estate, the known world also unravels: low - paid white patrollers stand watch as slave «speculators» sell free black people into slavery, and rumors of slave rebellions set white families against slaves who have served them for years.

By taxing property profits, you reduce the number of speculators and real estate investors who help to inflate housing prices.

Ahmadi is still months away from getting permanent resident status, putting him in the unlucky group of middle - class British Columbians who have found themselves targeted by a tax purportedly imposed to crack down on rich real estate speculators from overseas.

Why are real estate investors now speculators and people who take advantages of others?

In the real world, speculators snatch up real estate and land bank it as well — most of the «abandoned» buildings you see in East Coast cities are actually owned by investors who don't put them to use because they're waiting for a higher return on their investment.

Tales like this have been fueling accounts in the media that housing prices are being artificially inflated by speculators who, with little interest in the single - digit returns they can obtain in the stock and bond markets, have trained their sights on real estate.

I remember once writing in this column that real estate speculators and borrowers who were overleveraged risked getting burned — but that the rest of us would be just fine.

State legislators are targeting real estate speculators with a bill, H.B. 2666, requiring people who sell a property within two years of acquisition to pay additional taxes on the sale.

That grew the seeds of what has grown out of control today, the expectation of never - ending cyclical real estate price increases to be milked by wannabe (but amateur nevertheless) speculators, versus the deep - rooted former foresight of down - to - earth buyers of homes who planned to live in those homes.

OREA, Hudak says, had three goals for the plan and was successful in having them all realized: to make sure supply was an important part of the solution; to consider a vacancy tax («because no one has any sympathy for a speculator who buys a house and then leaves it sitting empty») and to have the provincial real estate act reviewed and updated to help raise industry standards — something Hudak says the province has committed to doing.

Not infrequently a real estate speculator would buy some run - down houses in the inner city, make cosmetic repairs and sell them to inner - city, black residents who bought them using the new FHA mortgage.

Canadian real estate investors who are speculators and gamblers will be doing risky investments.

The zero - down policy is also susceptible to abuse from real estate speculators and mortgage bankers who may push unsophisticated buyers with absolutely no money into homes they can't afford, Zinner said.

Understanding this principle separates you from being a «speculator» — someone who is just buying a house in the hopes that it will go up in value — to a true «investor» — someone who understands expenses involved in real estate and doesn't just make wild guesses about the future.