Economic Downfall

Gas prices, taxes, stock market deflation, bills, groceries, and mortgages. What are we to do in this agonizing economic crisis? President Obama has honestly tried to aide us with his new stimulus package and company bailouts, but has it truly helped discouraged Americans? The government has provided us with food stamps, SSI, and WIC for mothers and young children, but is this really enough?

With the assistance of financial expert Dave Ramsey and scholarly economical advice from radio personality Rush Limbaugh, many Americans are learning to "penny pinch" and budget their hard earned money responsibly. Dave Ramsey teaches the infamous "envelope tactic." The "envelope tactic" is where a person categorizes the money they earn for all of their needs, wants, and bills into individual envelopes. Each time one earns money they divide that money into each separate envelope and only use the money in each envelope for that designated purpose. For example, the envelopes could be categorized by utilities, car repairs, groceries, retirement, gas money, household items, bills, and even for recreations to indulge and splurge on when they have done well and saved wisely.

Economics

President Obama's stimulus package has been greatly appreciated by some Americans, but for many others, it has only caused distress. This depresses numerous American families and causes many households to go into debt and are forced to file for bankruptcy. So many hard working Americans are not only diligently trying to cut back and budget responsibly, but are also hoping and praying for a miracle of some sort in this diabolical uproar.

Economic Downfall

Also, in this traumatic recession, many communities are opening more thrift shops and donating items as well as having food drives. Citizens look at these blessings and are extremely grateful. In these heart wrenching tough times, we Americans would be wise to stick together. Another sanction in this financial hardship: Community Schools are having free and reduced lunch programs for under privileged children, whose parents cannot provide much money.

In conclusion, I add that though the times are definitely tough, we need to wait patiently because this great nation always prevails. There is nothing that the United States cannot overcome. Through the Great Depression, many horrific wars, nuclear explosions, terrorist attacks, and numerous terrorist threats, the U.S. have overcome the odds and have remained United, therefore we should have faith that we will come out of this financial funk.

Economic Downfall

My name is Sarah Garrisoncarter. I am nineteen years old and I am an aspiring journalist. I began my writing career in the sixth grade composing poems for the Carl Perkins civic center. After that I wrote articles for an online magazine. In high school I was on the yearbook staff. While on the yearbook staff, I was a photographer, editor, and advertiser.

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Miami Condo Sales Are Booming Again And Miami Real Estate Is On The Rise

It's been a long summer for those who sell Miami real estate. Among those who lost his chance to take a summer vacation to St. Tropez was Miami developer, Gil Dezer, because he had too many projects in the works. Both the Trump Royal condo and the Trump Towers needed his immediate attention at the time. Apparently, he wasn't wrong, because he sold units in these buildings that amounted to sales worth more than $100 million in June, July and August. Half those sales, $50 million, came in just the month of August. In total, Dezer has managed to sell Trump condos in the amount of $1 billion.

The price for each Sunny Isles Beach condo has reached $525 per square foot recently. In 2009 when buyers decided to leave their contracts on the table, the price was at $1,000 per square foot. Now that sales are beginning to pick up again, the price is much lower. Even so, Dezer is happy with the price after having paid his construction loans in full for all of his four properties. Adding to the distinction of no longer having those loans is the fact that Donald Trump joined in on the celebration in January by burning the buildings' mortgage documents personally. It was difficult to keep going during the times when real estate was losing value, but the fact that Dezer ended up on the winning side of things made it worth the price he had to pay.

Another building, the Icon Brickell, is just one more winner in the area. This behemoth of a building contains 1,800 condominium units, and it appeared to be too much for builders from the Related Group to continue with sales efforts. In May of 2010, it became necessary for the developers to return the deeds of two of the towers to the lenders. That was then, but now is a completely different story. A total of 1,500 of these Miami condos have been sold resulting in $700 million in sales. Because of the contracts that have recently been signed, it can be said that only 30 condominium homes remain in this building.

Jorge Perez, chairman and CEO of the Related Group has been quoted as saying that everyone around is rather surprised with the rapidity that they have been able to sell the units. He also notes that most of the buyers have been from outside of the country. The leader appears to be the Latin American buyer because the economy of Latin American countries has been so positive recently.

The president of Fortune International Realty, Edgardo Defortuna, believed that he would complete selling condominium homes in the Icon in a three-year period for $350 per square foot. It took him half that time to sell most of the homes in this South Beach real estate at a price of $400 per square foot.

The trend has been so encouraging that Perez has started building even more South Beach condos. Even though the new building is a few years away from being completed, it has already taken over 60 reservations before the Related Group could even begin officially selling the units. These condominium homes in a building called MyBrickell are a bargain at $300 per square foot. They were given this price because being Midtown Miami condos means that the building is not located on the beach. Also, it did not cost as much to construct the building.

Another formerly distressed building, the Paramount Bay is currently having its homes sold. Once in foreclosure, this building has as its designer the design firm, Kravitz Design, a firm owned by musician, Lenny Kravitz.

Oceanfront Realty features technologically trained and high-traffic Internet experienced realtors.

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