Fire razes Las Vegas condo building under construction
LAS VEGAS (AP) A two-story apartment complex under construction was razed by fire Thursday afternoon, fire officials said.
The blaze sent up flames more than 20 feet high and emitted a black plume of smoke that could be seen from around the Las Vegas valley.
"It looks like a complete loss," said Clark County Fire Department Deputy Chief William Kourim of the building.
A CVS Pharmacy on one corner of the block where the building was being built was singed by the blaze but was saved by fire crews, Kourim said.
"We were able to protect it," he said.
Nearby residents said the building, at the corner of Maryland Parkway and Silverado Ranch Boulevard in the city's southeast, was to be a condominium project called Murano Condos.
it's too easy to dig at the agent in this excerpt. The point about having good props for marketing anything for sale is less about their perceived usefulness after the sale and more about the range of utility perceived by buyers. I'm not saying the TV was or was not a good idea but, having it might not have been stupid. In a hugely competitve market, perceived utility is everything when it comes to closing a sale....effectively putting the era of the granite counter top into the dust bin of history....and before the vultures dig into the fact that a TV may or may not increase the perception of utility, the point is that the market is clearly back to where it most always was...before the insanity.
Running revision on Q1 gdp is now down to 0.5% after the inventories data. You really have to start worrying when even Roubini's forecast is too high. Perhaps a few more home sellers need to buy flat panel tv's?
The thing about Seattle being strong due to aerospace (aka Boeing). Lets see, Boeing moved their corp HQ to Chicago a few years ago. The new jets are going to be composite mat'l, manufactured in pieces around the world. State of WA bribed Boeing to keep assembly here, to the tune of $3B in tax breaks, but it turns out that it will only take 800 people to glue the plane together. Meanwhile, we've got a gas tax increase of $.09/gal to look forward to.
Bellevue is a mass of high-rise cranes. A co-worker reported that one project has a land-use sign requesting a permit change from a office tower to a residential tower. The rest of the projects are mostly residential towers already. Its Miami without the sandy beach and sunshine!
A friend that lives in a Portland area rural town reports that a ~100ac platted and improved land for a housing development just went up for sale in total (no homes, but cul-de-sacs and street lights are all done). Platted land nearby is also for sale.
DM, I have to say that I thought the concept on which we are unclear here is not the relative utility of the sales inducement. It is the idea that the sales price should be increased to cover the cost of the TV. Unless the seller can buy TVs at less than wholesale, this is an odd proposition, don't you think?
The auto industry paves the way for marketing houses that have the audacity to ignore suggested manufacturer's retail pricing...
But about that wilting head of lettuce being $2...against your appetite that hasn't tasted fresh lettuce ($3/head) in weeks?
Including a TV suggests a motivated seller. If the seller is motivated you can negotiate. First price reduction can be based around the unwanted TV.....
I see. So what the realtor was really saying was, "Go out and spend real money at BestBuy for a flat screen TV, up the price of your condo by the cost of that, and then "negotiate" down to the original list price without the TV, which you aren't getting now without the TV thing. You will still end up cutting your asking price, and you will own a TV you didn't want either, but you will be giving the buyer the impression that you are the sort of person who can be taken advantage of in a negotiation. Sign here."
Well atleast that stare didn't translate into "My god she loves me!" which can happen when the salesperson spends too much time in front of the mirror wishing...
Can't say enough about 'The Negotiation' by Tanta, a short one act play about "I see.", which is what all fine art should be, people.
And why w famously refuses to negotiate with himself and prefers to negotiate with you and the American Public --who don't have a microphone.
No art there (seeing what is, trashed for hoping what might be, what could be, if you would just ignore what you see)...and increasingly no audience, who need to eat, drink and drive...what they see now.
What the realtor was saying was, "The market is oversaturated, do anything to stand out from the crowd and move this puppy." It was a desperation move. And he was probably right to recommend something like that, even though the buyer turned out not to want it.
Tanta: Perhaps it's meant as the "perk" of a pre-bought TV. You don't have to go to the store and stand in line, or go to some website, click "order", and type in your address. You could buy acondo and save the trouble!
We have a friend who specializes in low cost/low rent apartments. Her sales trick is to put a open can of house paint in a closet. The smell of the paint gives the unit the freshly remodeled look without the work and expense. She claims it works every time...
Buying a flat screen TV to sell a house is the flip side of renting a flat in Germany.
It's quite common for a landlord to take out all the sinks, appliances, light fixtures and cupboards. I though the realtor was joking when she showed me my first appartment. Luckily I found a place vacated by another expat - I guess they didn't want to bring their sink back to the US.
Tanta: "Unless the seller can buy TVs at less than wholesale, this is an odd proposition, don't you think?"
It's a truly ominous proposition! That's why we gather here, mostly. The point I was making from a marketer's perspective is how flimsy the notion of value is after a boom. In the long march back to "utility value" a lot of TV's are going to get sold for less than cost, which is why it was posted I suspect. If you are one of the unlucky, props emphasizing utility may well be the new "thing"...along with stairstep commisions.
sorry, I posted this in the wrong place earlier...DM
My local paper in Sacramento recently published a story similar to this, where Realtors told tales of attracting hard-to-find buyers with vanilla scented spray.
The commenters on the paper's website had fun with that one.
A friend that lives in a Portland area rural town reports that a ~100ac platted and improved land for a housing development just went up for sale in total (no homes, but cul-de-sacs and street lights are all done). Platted land nearby is also for sale.
Well, shades of Homer Hoyt! And thanks a load to whomever it was earlier this week who gave the link to Hoyt's One Hundred Years of Chicago Land Prices. It's a terrific work.
Tanta,
did you see the quotes from FirstFed 10-Q
Why do some RE agents think buyers are so stupid?
I hope the Chungs saved the receipt.
Can I have that TV?
Why do some RE agents think buyers are so stupid?
Because some of them are... else prices wouldn't be where they were.
KB Home got a bid for its French unit. Can they sell US unit as well? That would make the company attractive...
Here comes ARSON to save the day
Fire razes Las Vegas condo building under construction
| Welcome to StarNet - Tucson, Arizona ®
Fire razes Las Vegas condo building under construction
LAS VEGAS (AP) A two-story apartment complex under construction was razed by fire Thursday afternoon, fire officials said.
The blaze sent up flames more than 20 feet high and emitted a black plume of smoke that could be seen from around the Las Vegas valley.
"It looks like a complete loss," said Clark County Fire Department Deputy Chief William Kourim of the building.
A CVS Pharmacy on one corner of the block where the building was being built was singed by the blaze but was saved by fire crews, Kourim said.
"We were able to protect it," he said.
Nearby residents said the building, at the corner of Maryland Parkway and Silverado Ranch Boulevard in the city's southeast, was to be a condominium project called Murano Condos.
There were no immediate reports of injuries.
Building details: Las Vegas Real Estate News:
Murano delivers unusual floor plans, urban styling to Silverado Ranch
it's too easy to dig at the agent in this excerpt. The point about having good props for marketing anything for sale is less about their perceived usefulness after the sale and more about the range of utility perceived by buyers. I'm not saying the TV was or was not a good idea but, having it might not have been stupid. In a hugely competitve market, perceived utility is everything when it comes to closing a sale....effectively putting the era of the granite counter top into the dust bin of history....and before the vultures dig into the fact that a TV may or may not increase the perception of utility, the point is that the market is clearly back to where it most always was...before the insanity.
Running revision on Q1 gdp is now down to 0.5% after the inventories data. You really have to start worrying when even Roubini's forecast is too high. Perhaps a few more home sellers need to buy flat panel tv's?
Other comments in the article are amusing too.
The thing about Seattle being strong due to aerospace (aka Boeing). Lets see, Boeing moved their corp HQ to Chicago a few years ago. The new jets are going to be composite mat'l, manufactured in pieces around the world. State of WA bribed Boeing to keep assembly here, to the tune of $3B in tax breaks, but it turns out that it will only take 800 people to glue the plane together. Meanwhile, we've got a gas tax increase of $.09/gal to look forward to.
Bellevue is a mass of high-rise cranes. A co-worker reported that one project has a land-use sign requesting a permit change from a office tower to a residential tower. The rest of the projects are mostly residential towers already. Its Miami without the sandy beach and sunshine!
A friend that lives in a Portland area rural town reports that a ~100ac platted and improved land for a housing development just went up for sale in total (no homes, but cul-de-sacs and street lights are all done). Platted land nearby is also for sale.
DM, I have to say that I thought the concept on which we are unclear here is not the relative utility of the sales inducement. It is the idea that the sales price should be increased to cover the cost of the TV. Unless the seller can buy TVs at less than wholesale, this is an odd proposition, don't you think?
The auto industry paves the way for marketing houses that have the audacity to ignore suggested manufacturer's retail pricing...
But about that wilting head of lettuce being $2...against your appetite that hasn't tasted fresh lettuce ($3/head) in weeks?
Including a TV suggests a motivated seller. If the seller is motivated you can negotiate. First price reduction can be based around the unwanted TV.....
Its not a bad invitation to begin the process
Including a TV suggests a motivated seller.
I see. So what the realtor was really saying was, "Go out and spend real money at BestBuy for a flat screen TV, up the price of your condo by the cost of that, and then "negotiate" down to the original list price without the TV, which you aren't getting now without the TV thing. You will still end up cutting your asking price, and you will own a TV you didn't want either, but you will be giving the buyer the impression that you are the sort of person who can be taken advantage of in a negotiation. Sign here."
Buyer Negotiation 101. Whatever the seller stresses as a feature, tell him you don't want it.
I bought a new car a number of years ago and was confronted, as usual, by a salesman trying to interest me in the one with the "gold package."
I was buying a Corolla. I just stared at the guy. Who the hell buys a Corolla with a "gold package"?
Talk about unclear on the concept.
Well atleast that stare didn't translate into "My god she loves me!" which can happen when the salesperson spends too much time in front of the mirror wishing...
Can't say enough about 'The Negotiation' by Tanta, a short one act play about "I see.", which is what all fine art should be, people.
And why w famously refuses to negotiate with himself and prefers to negotiate with you and the American Public --who don't have a microphone.
No art there (seeing what is, trashed for hoping what might be, what could be, if you would just ignore what you see)...and increasingly no audience, who need to eat, drink and drive...what they see now.
What the realtor was saying was, "The market is oversaturated, do anything to stand out from the crowd and move this puppy." It was a desperation move. And he was probably right to recommend something like that, even though the buyer turned out not to want it.
I think December 2006 was the absolute low point to sell a house, at least in the northeast. Coincidentally, it was also when we sold ours.
Nothing like a cold, dreary, gloomy winter ahead to depress real estate activity. I've noticed a large pickup in this area in the past month or two.
The smell of fresh baked bread or cookies would have been cheaper and likely more effective.
Jim
april data for dc came out today.
market clearing ratio still holding steady at 4.5 months. has made it through the entire spring season in the 4-5 range.
hmmmmm
balanced market?
Tanta: Perhaps it's meant as the "perk" of a pre-bought TV. You don't have to go to the store and stand in line, or go to some website, click "order", and type in your address. You could buy acondo and save the trouble!
Maybe if the seller had cut the price $50,000 before going out to buy the TV...
Yal,
I realize your comment was directed to Tanta, but I was eavesdropping. What quotes from FirstFed 10-Q?
Thanks
We have a friend who specializes in low cost/low rent apartments. Her sales trick is to put a open can of house paint in a closet. The smell of the paint gives the unit the freshly remodeled look without the work and expense. She claims it works every time...
Buying a flat screen TV to sell a house is the flip side of renting a flat in Germany.
It's quite common for a landlord to take out all the sinks, appliances, light fixtures and cupboards. I though the realtor was joking when she showed me my first appartment. Luckily I found a place vacated by another expat - I guess they didn't want to bring their sink back to the US.
I know this is a really radical idea, but how about if people were honest and fair. Now imagine that!
Tanta: "Unless the seller can buy TVs at less than wholesale, this is an odd proposition, don't you think?"
It's a truly ominous proposition! That's why we gather here, mostly. The point I was making from a marketer's perspective is how flimsy the notion of value is after a boom. In the long march back to "utility value" a lot of TV's are going to get sold for less than cost, which is why it was posted I suspect. If you are one of the unlucky, props emphasizing utility may well be the new "thing"...along with stairstep commisions.
sorry, I posted this in the wrong place earlier...DM
One more amusing point -
Flatscreen TVs depreciate even faster than crappily-built mcMansions
My local paper in Sacramento recently published a story similar to this, where Realtors told tales of attracting hard-to-find buyers with vanilla scented spray.
The commenters on the paper's website had fun with that one.
Well, shades of Homer Hoyt! And thanks a load to whomever it was earlier this week who gave the link to Hoyt's One Hundred Years of Chicago Land Prices. It's a terrific work.
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