Apr 04

COOP vs. CONDO

Categories:

Real Estate

by admin

Optima CondominiumOne question frequently asked by urban real estate shoppers is about the difference between a Cooperative apartment and a Condominium apartment?  The outside buyer may, indeed see very little difference.  Usually both the coop and the condo are multi-residence buildings and they will tend to provide many similar amenities.  But upon closer examination into the facts, there are serious differences. Here we will spell out the fundamental and important distinctions between these two types of purchase.

  •  A Co-op is considered “Personal Property.”   The real estate (the physical building) is owned by the Cooperative  corporation.  When you become a co-op unit owner, you then receive stock in that corporation as well as a proprietary lease. this means that you have become a stockholder of the ownership corporation of your residence building. Your lease gives you residential and other rights to the unit.  Since you are not an owner, you are not subject to real estate taxes. On the other hand, you are obligated to pay maintenance, which is your proportionate allocated share of the cooperative expenses. Real estate taxes for the ownership of the Co-op are bundled into the maintenance fee.
  •  A Condominium (Condo) unit is considered “Real Property,” which is also the category of a single-family home. When you become a condo owner, you take physical and real title to the property. You do not have a lease, you have a deed. Since you are an owner rather then a lessee, you pay real estate taxes for your unit.   In addition, you also pay common charges, which can be considered the equivalent of the maintenance paid to the Co-op. Common charges cover anything from landscaping and pool maintenance in suburban dwellings to lobby and halls in apartment-style urban condos.  As a rule of thumb, the amount you will be obligated to pay in common charges is determined by the percent of common elements your unit has.

 

COOP                                                                                    CONDO

Security Agreement                                                                Mortgage

No Real Estate Taxes*                                                            Real Estate Taxes

Maintenance Fees                                                                   Common Charges

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Mar 22

Retaining huge parcels of land for organic farming

Categories:

Clothing

by admin

Forests and farmlands are continuously shrinking because they are being converted to urban centers to satisfy the requirements of the growing human population. This is the dilemma that leaders of the world are facing. Humans must learn to strike a balance between progress and the protection of the sources of their basic needs. By learning the concept of organic farming, people will learn to appreciate the protection of the environment. They will also learn that the products derived from organic farming are not only beneficial to humans but also for the environment. For instance, organic baby clothes are important for the health of growing infants. They must be the ones who should not be exposed to products that contain pollutants and toxic materials. They are the future generations of people who will be the steward of the environment.

Governments must set clear cut policies about land use. It does not matter if lands are allocated for commercial or organic farming as long as they are kept as such. Nonetheless, the latter’s share must consistently improve through the years to be able to create substantial benefits to humans. It is the ideal scenario that must happen because the need for food and clothing continues to increase as the world population grows. It is amazing how some countries developed a progressive sustainable program that is now affecting large sections of their society. These countries are more likely to support legislations that protect the environment for the welfare of the majority of people. They are keener on protecting their forests and farmlands compared to those that are too busy industrializing their economies.

It has been proven that industrialization is not the only key to progress. Countries which developed their agriculture sector as well as their eco-tourism programs are doing well in terms of economic output. They are on the path to a more sustainable development because their approach has fewer drawbacks in terms of ill effects to humans. In this way, health agencies are less likely to spend on medical treatments of their people. They are also developing a society that knows the value of their environment for their existence.

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Mar 22

A simple ornament symbolizing lasting relationship

Categories:

Uncategorized

by admin

Before writing has been developed by humans, jewelries like necklaces have been around for considerable period of time. Early humans adorn their bodies to distinguish themselves from others and as part of their culture. In the past, there are different materials being used as jewelries like stones, shells, polished wood, and even colorful bird’s feathers. For necklaces, pendants are used to make them more attractive. In time, the different types of pendants have transformed into lockets wherein valuable items can be kept. In modern times, the heart locket becomes one of the most popular types of pendant. This locket also became a symbol of love and romance for two people. Two photographs can be kept in the locket. Aside from photographs, other small items that have sentimental values can also be kept.

There are some people who develop a form of attachment to their locket. Because of the things they kept in it, they feel uncomfortable if they do not bring it with them. The locket creates some form of psychological effect on it owner’s psyche. There are those who feel relax, safe, and comfortable whenever their locket is with them. There even some claims that lockets protect them from diseases and accidents. This is tantamount to treating this ornament as a kind of amulet. This kind of attachment elevates the locket into a priceless item other than a simple jewelry.

Because lockets have symbolized a lot of things for many people, producers of these ornaments also compete to create the best jewelry of its kind. The lockets of today can be made of gold, silver, and bronze with numerous variations in designs. They also come in different prices depending on the type of material that is used. Women are the ones who are fond of lockets which they want to add to their collection of jewelries. Being sentimental, they treasure their lockets especially if memorable photographs are kept in them. Although lockets have been around for many years, they haven’t lost their popularity and significance as a form of ornament and jewelry. As more people believe in lasting relationship, more lockets will continue to be bought as proof of love.

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