Tell me what you think?

March 52010

A letter from the boss

Posted on Monday, January 19, 2009 9:35:25 AM by Las Vegas Ron
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you don’t see is the back story.
I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.
My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Mercedes, the vacations… You never realize the back story and the sacrifices I’ve made.
Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into th

He’s a jerk.
Find a new job ASAP

I wonder how many people agree with this letter?

March 12010

A LETTER FROM THE BOSS:

To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every
business owner there is a Back Story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don’t see is the BACK STORY:

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn’t look like it was birthed in the 70’s.

My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Mercedes, the vacations… you never realize the Back Story and the sacrifices I’ve made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero.. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single unwed mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly go

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Couldn’t have said it better myself! I applaud the person who wrote this letter.

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March 12010

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Tell me your option on this ?

February 272010

A letter from the boss

Posted on Monday, January 19, 2009 9:35:25 AM by Las Vegas Ron
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you don’t see is the back story.
I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.
My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Mercedes, the vacations… You never realize the back story and the sacrifices I’ve made.
Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into th

I kinda feel for the man..ya know? Work hard and pay someone else more then you make. Run outa room for the rest?

Toronto Luxury Homes For Sale, MLS Toronto, Luxury Home Bui

February 262010

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How to deal with a wealthy father who has never financially supported you?

February 252010

My parents divocred when I was 4 years old. My father left my mother for another woman and when my mom left our home, he sold it and bought a new home for him and his wife. My father tricked my mother into signing the home over to him and he never gave her anything from the sale. We had to move in with family because my mom had never worked and she got a job as a sale clerk. Long story short, my father was able to become very wealthy and travel the world. But my father barely sent my mother anything support and stopped paying when I was 13. My father would visit once or twice a year but we were never able to have a bonding relationship because he always lived in another state. I’m not a grown adult who put myself through college and have a lovely family. But for some reason I am unable to let go off the resentment I feel for the way I lived as a child while my father was living the life of luxury. My father is very wealthy today but has never offered any financial help or assistance. I have to get over this once and for all.

This is a very sad story and i cant imagine the pain you must feel especially now that you have your own family and realize how great children are. I dont think you will ever get rid of the sadness you feel for what you missed out on. Your father was a very selfish person and he did alot of damage to your soul. You will never forget what he did but you can forgive and move on and just live your life to the best of your ability. Just think of it as making you a stronger person in the long run and appreciating your own family. Your father undoubtedly loves you in his own warp way but he is just a selfish person and im sure he’s not completely happy with himself even though he is very wealthy. Money is great and all but it cant buy you happiness. I must say though that you have to accept the fact that your father may never come around and may never offer any financial assistance or leave you any kind of inheritance. Its okay to grieve but you have to accept that it is what it is and he will never change.

I have a father that i used to hold alot of resentment for. Although my situation is totally different from yours, my father was with us but never around b/c he worked 7 days a week and when he was home, he was very uptight and not very affectionate with us. I still have memories of the emotional abuse as a teenager and i had alot of feelings of anger and resentment for years. Im 41 years old now and i finally let go of the hate and anger b/c i had a baby and my father has really done alot for my child now. We were all surprised. He really loves my little baby. He was a horrible grandfather to my son and his other grandson, just not very affectionate and emotionally distant. But with my baby, he has changed. So you never know.

It is what it is. Please get some counselling or read some self help books to just move on with your life and learn how to accept the fact that your father willnever probably change. Be grateful that your mother and your grandparents were by your side and that this is your family. Live and learn from what your father did . I feel your pain.

how does the article make distinction between firms? use these distionctions to analyze and gain insights?

February 232010

Abstract (Summary)
Instead, Giancarlo Di Risio, Versace’s bespectacled chief executive, presided over an evening that highlighted luxury goods: Parked at one end of the courtyard was a half-million-dollar Lamborghini Murcielago with a black-and-white leather interior by Versace. A huge poster showed an AgustaWestland helicopter with a Versace-designed cabin. Stacked nearby was luggage embossed with the brand’s Greek motif, with pieces starting at about $4,000.
The company found it increasingly tough to squeeze profits out of highly perishable fashions as production costs rose in Italy. In 1997, Mr. Versace was murdered outside his Miami villa. The firm’s finances went into a tailspin, and it was forced to shelve plans to go public. Mr. Versace’s 50% stake in the label went to his niece, Ms. Versace’s then-preteen daughter Allegra Versace Beck, shifting the balance of power. Though Ms. Versace owns only 20% of the company, she was seen to exert huge influence because of her daughter’s stake. A third sibling, Santo Versace, owns the remaining 30% of the company. Ms. Versace Beck, now 20 years old, manages her stake with the help of advisers.
"I said to Di Risio, ‘This is not going to work. This is going to die,’" recalled Ms. Versace. But, she said, "I was wrong, and he was right. We sell more now."
ยป Jump to indexing (document details)
Full Text (1463 words)
(c) 2007 Dow Jones & Company, Inc. Reproduced with permission of copyright owner. Further reproduction or distribution is prohibited without permission.
Milan — When Italian fashion house Gianni Versace SpA recently threw a cocktail party in the courtyard of its 16th-century palazzo to promote its latest creations, designer Donatella Versace ducked out of the soiree early, flanked by bodyguards.
Instead, Giancarlo Di Risio, Versace’s bespectacled chief executive, presided over an evening that highlighted luxury goods: Parked at one end of the courtyard was a half-million-dollar Lamborghini Murcielago with a black-and-white leather interior by Versace. A huge poster showed an AgustaWestland helicopter with a Versace-designed cabin. Stacked nearby was luggage embossed with the brand’s Greek motif, with pieces starting at about $4,000.
Mr. Di Risio is trying to shift Versace’s attention away from clothes and to accessories, home interiors and other lifestyle products that will bring in new streams of revenue and offset fickle fashion cycles. "Fashion does not exist at Versace," he said, describing his strategy in an interview before the reception.
The new approach is bearing fruit. Versace swung back into the black last year, posting a $25.4 million profit after years of losses, and has shaken off millions in debt. Driving that turnaround were rising sales in the lucrative accessories Mr. Di Risio is pushing.
Yet the effects of the makeover have touched the core of the company’s identity. Ms. Versace has begun taming the flamboyant clothing designs that once set her and the fashion house apart from the crowd. "I no longer recognize myself in that kind of woman," the 52-year-old Ms. Versace said in a telephone interview.
The culture shift at Versace highlights how an increasingly competitive fashion industry is forcing even the most freewheeling players to embrace a corporate culture. Many labels, including LVMH Moet Hennessy Louis Vuitton’s smaller brands like Celine and Marc Jacobs, have also been toning down their looks to appeal to a wider swath of consumers. Designers who once called the shots are ceding authority to executives who run the numbers.
"In the beginning, it was a shock for me," Ms. Versace said. "When you tell a person who is used to being in power — to saying yes or no on everything — to take a step back, it’s not easy. But it was necessary."
Tweaking a label’s aesthetics carries risks. If pushed too far, transformations risk alienating loyal customers, says Robert Burke, head of New York-based luxury-goods consultancy Robert Burke Associates and the former fashion director at Bergdorf Goodman. "You will always want to see a fashion edge to Versace," he says.
Yet for family-owned fashion labels like Versace, pressure to make more money is high. They compete with publicly traded conglomerates such as LVMH and PPR SA’s Gucci Group, which have the financial heft to expand with stores in the emerging markets of China, India and Russia — seen as fueling the industry’s growth.
A number of Italy’s top family-owned fashion houses, including Versace, Prada SpA and Salvatore Ferragamo SpA, are considering stock- market listings in the next couple of years. "An IPO would be the best way to raise money and implant in these countries," says Peter Farren, a luxury-goods analyst at the French investment firm Bryan Garnier.
At Versace, a sobering realization is spurring Mr. Di Risio’s moves: The clothes that once made the brand are now struggling to make money.
In its heyday in the early 1990s, Versace stayed ahead of the fashion mainstream with lavish catwalk shows that celebrated the racy designs of founder Gianni Versace. The label amassed collections of real estate and artwork that enhanced the family’s jet-setter status.
The company found it increasingly tough to squeeze profits out of highly perishable fashions as production costs rose in Italy. In 1997, Mr. Versace was murdered outside his Miami villa. The firm’s finances went into a tailspin, and it was forced to shelve plans to go public. Mr. Versace’s 50% stake in the label went to his niece, Ms. Versace’s then-preteen daughter Allegra Versace Beck, shifting the balance of power. Though Ms. Versace owns only 20% of the company, she was seen to exert huge influence because of her daughter’s stake. A third sibling, Santo Versace, owns the remaining 30% of the company. Ms. Versace Beck, now 20 years old, manages her stake with the help of advisers.
The Versace stakeholders decided the company needed a CEO who could turn the company around. Fabio Cacciatori, at one time an outside financial consultant for the company, became CEO in September 2003 but resigned in December. The company named Versace’s then-Chief Financial Officer Daniele Ballestrazzi interim CEO as it searched for new leadership.
When Versace recruited Mr. Di Risio from LVMH’s Fendi label in the summer of 2004, the house was saddled with more than $146 million in debt and heading to a net loss of $124 million for the year, on revenue of $416 million. High-end retailers like Bergdorf Goodman had stopped carrying the brand.
Bergdorf Chief Executive Jim Gold recalls that Versace was distributing too widely, diluting its exclusivity, and was overly consumed with making a splash on the runway. While many labels had started delivering retailers fresh designs more frequently, ahead of the runway collections, Versace resisted.
Mr. Di Risio arrived with a new mantra. Clothing that is too fashionable, he told his lieutenants, is bad for business because it eats up capital and goes out of style quickly. Accessories and other leather goods are a better bet because they have a longer shelf life and fatter profit margins.
To reduce Versace’s dependence on fashion, Mr. Di Risio shut down lines such as Versace Intimates lingerie and Versace Young, a children’s line. The company sold its unprofitable perfume, jewelry and watchmaking divisions, replacing them with lucrative licensing agreements with U.S. watch group Timex Corp. and Italian perfume and cosmetics maker EuroItalia Srl.
Mr. Di Risio homed in on the company’s shoes and handbags, which have higher profit margins because they cost less to produce than clothes but are easier to sell to a wide array of customers. Last year, more than 30% of Versace’s $383 million in revenue came from accessories, compared with 4% when Mr. Di Risio arrived.
He also expanded the label’s push into home furnishings — a business that generated sales of $82.5 million in 2006, up 55% from the year before. Versace recently unveiled its "Jet Seat," an aerodynamically-styled leather chair in a high-tech ceramic frame that is sold in Europe for <euro>38,000 (about $50,000).
"It was like taking a blank page and rewriting everything," Mr. Di Risio says.
To succeed, however, he had to get Ms. Versace on board. She had hoped to resurrect the costly haute-couture fashion shows the label had discontinued before Mr. Di Risio’s arrival. But he argued she could more effectively enhance the line’s exclusivity by holding showings for individual clients.
"I said to Di Risio, ‘This is not going to work. This is going to die,’" recalled Ms. Versace. But, she said, "I was wrong, and he was right. We sell more now."
Ms. Versace had to become more conscious of how much time and money the label invests in promoting designs at events like the Oscars. Last year, the designer dressed actresses Hilary Swank, Uma Thurman and Salma Hayek and director Robert Altman’s wife, Kathryn Reed Altman, who donned a navy-blue sequin gown.
This year, however, Ms. Versace limited herself to one gown, designing a rose-colored dress with a sweeping train for best-actress nominee Penelope Cruz.
For Versace’s ready-to-wear line, Ms. Versace is going for looks she calls "a little more understated." Bergdorf Goodman will carry her designs in the fall for the first time in years.
Ms. Versace is also working more closely with retailers, adding four more collections beyond the traditional spring and fall runway collections. These are shown to retailers in private visits, giving them a preview of what to expect.
On the financial side, Mr. Di Risio has untangled the company’s assets from those of the family, selling property he deemed "nonstrategic" to pay the company’s debts. The family’s Manhattan townhouse was sold for about $35 million, and its contents went up for auction in 2005. The paintings alone — including works by artists Andy Warhol, Jean-Michel Basquiat, Roy Lichtenstein and Julian Schnabel — fetched more than $11 million dollars.
Flagship stores in New York, London and Milan that Mr. Di Risio described as "decadent and sad," were redone with sleek, minimalist designs.
The label, which operates 82 stores and has 35 franchise operations, plans to open more than 10 boutiques by the end of the year, including seven stores in China alone. When Versace opened the doors of its updated Moscow boutique in April, an array of leather bags, belts and shoes greeted customers at the store’s lacquered ground-floor entrance. The label’s ready-to-wear collection was relegated to the upper floor.

In my opinion, the Versace label is nothing more than a shadow of it’s former glory and nothing will bring it back. When Gianni Versace died, so did the distinctive artistic fashion vision of the label. Donattella does not have her brother’s artistry and does not have his gift for technical innovation. G.Versace introduced light weight fusibles into men’s and women’s tailoring, and with that innovation creatively and artistically explored all the styling options offered by this method; ushering in the soft modern italian style of tailoring, which everyone uses. D Versace isn’t capable of making a creative and technical leap of that size, she has neither the vision, the artistic skill, not the technical expertise. Check the dates and the numbers- Gianni’s death is when the trouble started.

Luxury Homes for sale BOCA RATON FL

February 232010

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The kitchen is straight from the pages of Better Homes and Gardens, certain to become the focal point of the house. The light-flooded master suite is a sumptuous sanctuary featuring tiered ceilings, a surround-sound media system, and morning bar. The lavish marble-swathed master bath has jetted tub, multi-head shower, radiant-heated floor The enchanting outdoor entertainment area is served by a loggia with full summer kitchen To arrange for your personal showing, contact Geri Penniman of Premier Estate Properties today.

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Can I work as a contractor and build my self a house that cost me $1million and sell it for $2million+?

February 212010

I am very interested in becoming a doctor and right now that is my main goal. But I know that I am supposed to have a back up plan. Well I figured that since I love to look at different houses and I wouldnt want to be a real estate agent that I should learn how to construct luxury houses in luxury places. I still want to build/design my home anyway.
If it cost under 1,000,000 build (materials and work) to build but the amenities (such as large kitchen, extra rooms, a theater and sauna, maybe a home gym, etc.) make the house valued well over $2million, can I sell it for that price. I would love to do that and then I would have made a million when the sale finally went through (I know that it would maybe take a while to sell.
With that money I could use it to build more and more and make lots of many doing something I love.
Is this a realistic alternative to being a doctor?
I would probably need someone to invest but they are almost guaranteed their money back and then some.

Yes People do this all the time. IF you have land and build a home on it you can sell it for what ever you want. That does not mean you will get what you ask for.

IF you have ever heard of T.O. He had his Realtor knock on someones door and asked if they wanted to sell there house for lets say 2 million Dollars they said no the Realtor said how about 3 million the people then asked the Realtor how soon do you want us out.

That’s a true story but I’m not sure about the numbers. I could be low.

Luxury Homes For Sale in Arizona Tour 1 Part 1

February 202010

Luxury Custom Home Tour in Fountain Hills Arizona. For more information visit our website at
http://www.Arizona-Open-House.com

Duration : 0:9:50

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