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| October 2003 |
A Publication of
ELLIOTT® & Company Appraisers |
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Taking Absentee
Ownership To The Extreme |
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 Paul
Jackson has opened Lunar Realty in Rismedia, Australia, for the purpose of
selling land on the moon. Jackson purchased the Australian rights to sell
the lunar land from Dennis Hope of Nevada.
In 1980 Hope registered a claim for the moon, as well as all planets in
the solar system with the United States, the United Nations and the USSR.
He has since sold real estate on the moon to two million people from 180
countries.
We were unable to find a comment from Jackson or Hope on the availability
of a local attorney to search the title or the location of a local
courthouse for recording the deeds.
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Average
Manhattan Apartment Values Approach $1 Million |
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 There
are folks who figured people would be living on the moon before the average
price of an apartment in a U.S. municipality reached a million dollars, but it
looks like the latter is about to become true.
A survey conducted by Prudential Douglas Elliman concluded that the average
sales price of a Manhattan apartment in the third quarter of 2003 rose 6% from
the previous quarter to $916,959.
Real estate experts point out that real estate costs in Boston and San Francisco
are about as high as they are in Manhattan. |
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Appraisal Summit Held In Washington |
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Over 2,000 real estate appraisers and
policymakers attended the 2003 Washington Appraisal Summit
recently. The Appraisal Institute, which sponsored the
convention, calls it “the first appraisal event of its kind.”
One major highlight of this two-day gathering was an
announcement by the Veteran’s Administration to add 2,000
appraisers to its VA Appraiser Panel. Another announcement came
from financial institution regulators about a
soon-to-be-released guideline on appraiser independence.
Additionally, over 25 federal agencies provided program updates
that affected the appraisal profession and attendees were able
to have individual meetings with members of Congress. |
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Quotes
of Wisdom and Wit |
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“The artist is nothing without the
gift, but the gift is nothing without work.”
– Emile Zola
“In theory, there is no difference between theory and practice.
But in practice, there is.”
– Jan L.A. van de Snepscheut
“The power of accurate observation is frequently called cynicism
by those who don’t have it.”
– George Bernard Shaw
“When you do the common things in life in an uncommon way, you
will have the attention of the world.” –
George Washington Carver
“Glory is fleeting, but obscurity is forever.”
– Napoleon Bonaparte |
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ELLIOTT® & Company Appraisers
currently offers appraisal service throughout all 50 of the United
States. Clients are encouraged to place orders directly to any
office local to properties to be appraised or to the central office
for assignment.
Orders may
be placed via telephone, fax or through the company's Web site. All
Internet orders will be processed through the central office.
Some
Offices Are Independently Owned and Operated
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3316-A Battleground Avenue
Greensboro, NC 27410
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