The challenge put fourth by the particular group sponsoring this scholarship, as I understand it, is to develop a strategy that would permit one to maximize their return on an investment of $150,000 in cash, “whether it’s in terms of financial profit or personal satisfaction…or both.” Such a broad charge makes it possible for me, and indeed anyone else interested in contemplating such arrangements, to develop novel program guidelines for differing goals. So I will do just that.
I will propose, for the purposes of this assignment, two programs designed to maximize my own personal financial return as well as another specifically designed to benefit the wider community as a whole given the effects of the current recession. My reasons for developing separate plans stems from my contention that the various goals alluded to by the devisors of the 2011 essay topic are fairly distinct. Furthermore, I believe that attempting to reconcile such distinct goals within a single program, which is to say coming up with an idea designed to mutually benefit myself as well as the wider community to a similar extent, would merely weaken its overall impact. So with that in mind, I shall present my ideas on how to maximize my own personal financial return on an investment of $150,000.00. With such a sum of readily available capital, I could simply go about finding some piece of recently foreclosed upon property in a locale relatively untouched by the 2008 subprime meltdown. A number of residential areas throughout the country, including a few neighborhoods within close proximity to my own near Washington DC, possess such promising assets. My reasons for carefully selecting a neighborhood surround the potentially harmful impact of declining...
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...lace throughout the 80’s and 90’s would likewise occur. By that, I am referring to the fact that regulators as well as law enforcement officials charged with reducing the prevalence of white-collar crime would be provided with greater authority, more resources, and better vehicles with which to communicate the governments activities to the general public.
Though grand in scope and long-term in its layout, I believe that this type of plan would maximize the potential of an initial investment of $150,000.00 to do good in a community. If successful, public awareness would be generated, fiscal priorities would shift, new laws and economic incentives would be created, and homes would be built or refurbished and then occupied by Americans made more economically secure by serious structural reform. Such a development would bring me great personal satisfaction.
In existence is $150,000, specifically set aside for the purchase of distressed real estate. This essay will outline a detailed strategy ensuring a maximum return in regard to the financial investment made on the home. Including a description of distressed real estate and foreclosure in addition to how utility can play a role in the decision-making process.
...t of owning a rental property is more than the income it produces. The bottom line is that owning a rental property is a business, a way of making a living for most property owners, and must be viewed as such. My idea is to develop a policy that requires all residential multi-unit buildings to provide a percentage of rental units to serve the following populations: economically disadvantaged, veterans, and middle income. Resources such as low interest capital improvement loans, government subsidies to offset low income rates, allowable rent increases based on tenants length of tenancy and change in income, will be made available to property owners who offer more than the required number of units at affordable rents. The funding for these would come from the newly formed San Francisco program, Housing Opportunities Promoting Equality, known as the H.O.P.E. Program.
The new millennium brought with it a housing boom which had reached an unsustainable level (Pollock, 2011). Housing prices grew rapidly, and Baker (2010) noted a rise in house prices of over 70% from 1995 to 2006. For example, he noted average home prices in Los Angeles rose more than $400,000 over the period of 1995 to 2006 and approximately $519,000 in San Francisco. Prices around the country increased substantially as well (Baker, 2010). To encourage homeownership, banks promoted creative financing options (i.e. adjustable rate, interest only,...
I would inform them so that they could assist me and my mission and also so that they could provide me with possible solutions. I would also call the bank and set up an account just for scholarship awards. I would send my team to contact Re/max to scout for buildings with farmland nearby so that we could start working on the first neighborhood center before building the rest of them. Re/Max has been around for over 40 years and is “is a leader in the commercial and investment arenas”. Although it would cost more, I would get it furnished by local small independent businesses. The centers would focus on making the people independent and teaching core values and ethics to make them a more productive part of society. They could grow and tend to the land and feed themselves and the neighborhood. I would get homedepot to help with the gardening supplies, fruit and vegetable seeds, and sheds for the supplies. I would also reach out to Big Brothers and Big Sisters so that neighborhood kids could have good role models to look up to. It is an organization that “helps children realize their potential and build their futures….nurture children and strengthen communities.” I would have to recruit teachers to help at the facility as well. Whether it be art, music, dance, home
Terner presents the beginning of a solution to the affordable housing problem in his article Affordable Housing: An Impossible Dream? in The Commonwealth, published June 1994. His company founded from an anonymous $600,000 donation is a non-profit organization that builds quality, affordable housing for low-income families. Its effects, however, are limited. One project just opened in San Francisco with 3,000 applicants and 108 acceptances, which can be looked at as pretty dismal statistics. “This is just a drop in the bucket,” writes Terner, ‘the real question is how to expand and replicate.” (Terner, p. 392) It is this expansion that the bulk of the article argues for. Terner values a fair chance for all citizens at the “American Dream” and this chance involves the whole community. Terner mentions the “NIMBY” syndrome, or Not-In-My-Back-Yard Syndrome, where communities support the concept of affordable housing, but none that are to be built in their community. Ideally one could turn to the government for help with problems such as housing, but National, State, and local governments have proven themselves to be ...
“How the Crash Will Reshape America” explored many solutions such as transforming small towns into larger cities, utilizing the town and the residential areas that border them more wisely and choosing the leading cities that are declining in business, housing and industry to expand them by making them more appealing to new professionals that are not yet established with a steady job or those who are established but looking to expand and save. Although jobs would be created, the first step and most plausible solution would be to build more new homes in towns where the housing market would increase in order to attract people and future businesses. This solution would encourage growth in different aspects such as new homes or businesses, which then in turn would lead to more jobs in order to build these constructions and correspondingly jobs would be available in the new businesses that were created (Florida, 2009).
Therefore, the supply of housing that is affordable and accessible to low income people should be increased. Plus assistance that allows people to reach adequate stability should be regarded as a good investment in a productive society, in order to attain our objective. First we could start by introducing more productive assistance programs that actually focus on helping those in need of housing assistance. These programs will analyze how long people are homeless, what are their needs, the causes of homelessness, and in all how many are currently without a home. Subsequently, the City of Austin would begin building affordable housing according to the amount necessary.
Throughout my research I found there is a real cry out for action on providing more affordable house not just locally but throughout the country. There needs to be more funding available to build more gear to income or subsidized housing and all levels of government need to take action.
"Building Partnerships to Revitalize America's Neighborhoods." HBCU Central (Winter 2002): 1-6. Winter 2002. Web. 2 May 2012.
To achieve the American dream is a great accomplishment that requires financial adequacy. Due to financial insufficiencies, owning a home can be difficult, if not impossible for many individuals of lower income. Economic fluctuations often cause inconsistency in housing prices and availability.3 The price of a home correlates to the cost and availability of materials, needed manpower and the duration of construction. These logistical obstacles need to be overcome if the American dream is to be attained by the majority.4 To engineer a faster, more cost effective means of production is a challenge, but for the solution to be well designed and well crafted is a far greater task.
...e that these three solutions can be a main source into helping those in need for desperate help financially. I also feel that these plans can be a major part in developing a better economy and society for the “slum” and middle class communities. It will uplift many neighborhoods and people and to show that we can do something about this problem. Instead of us sitting and looking at the problem getting worse, we have to attend to the problem at hand.
In addition, the new scope on combating crime also projected many policy implications as the conservative theory is applied to the criminal justice system today. Across the board, the conservative theory holds true to “get tough on crime” as it called to hire more law enforcement officers throughout the nation. Eventually this would lead the government and local law enforcement agencies to increase their force not only in personnel but also in equipment and other necessary items that are essential to each law enforcement officer. Simply put, it would cost the agencies more money due to the combating crime rates with more arrests. In addition, this would also lead to the increase and hiring of more judges/magistrates, prison guards, prisons, and essential staffing within the criminal justice system. According to Lilly, Cullen, and Ball (2015), “the financial burdens of prison during the fiscally tight times of the 1980s furnished ample motivation to search for alternative methods of social control. Still, in turning to community corrections, conservatives brought a distinctive look” (p. 345). Interesting enough, the rise of the criminal justice services throughout the nation continued to build, as agencies got tough on crime, however, the taxes and financial burdens are felt even two decades later. Overall the influence of getting tough on crime/ the conservative movement focused on the individual motives as the cause for crime. As the focus narrowed, the policies that were implemented created positive and negative impacts on society. If such polices continued to strive for more policing into the twenty-first century and continued to dawn the extreme “get tough on crime” lens then taxes and financial issues would grow out of control. To that end, the United States continues to feel the effect of the conservative movement in the 1980s
To maximize optimum performance of our investment portfolio, we placed a certain percentage of equity in different sectors of the stock market.
Maximizing Profits as the Main Goal. The traditional theory (neoclassical) assumes that firm’s primary. objective is to maximize profits. That is if the firm is owner.
Never have I ever climbed a mountain peak. As a child, I imagined myself conducting expeditions in deep-frozen pathways, leading amateur explorers to the top of the world, and instructing rookies in surviving harsh blizzards. Even though slightly altered, my childhood dream has been achieved. I led a team of fellow classmates, in my Strategic Management course, to the success summit of a financial competition. Over the course of a semester, I and my teammates were supposed to create and manage a company of the IT industry, in a computer-simulated environment, along with other four rival teams. I dealt with strategy and financial matters of our virtual enterprise, while my colleagues were working on marketing and manufacturing. During the four months of the exercise, I have experienced finance from various aspects: capital budgeting, through selecting favorable investment for upcoming quarters; debt management, by assessing the necessary amount and efficiency of loans; profitability analysis and dividend policy, which had been used to compile the company’s general performance index. Working in a multinational team, which included an American, a Norwegian and a Moldovan, strengthen my negotiations skills, as well as flexibility and cooperation. But above all, this experience intensified my passion for finance. Of course, a pleasant bonus was the fact that, in the end, our company’s financial performance was six times the performance of second-best team.