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Show r.M .i HARRIOT LIBRARY GLRIAL3 L cr L ORDER B1V , t Jr . . , sy mt m !' 1 S ii ; S 4 o NOV 1 r 4 c:i V377 U SERIALS ORDER aWtA.- DEFr Business news and commentary -' : - & -y FHA appraisals draw fire from realtors The way real estate agents tell it, its a nightmare. The story revolves around house appraisals, and the But appraising is not an exact science, Lambert explains, pointing, as an cx-(S- ce FHA, page 6) villain is often FHA. We were listing one house near the University, moans Bob Ward of Bob Polcha, Realtor. A buyer put down earnest money for a appraised has a new peanut route 77 $30,000. Senior Editor The great airline price war, invading major cities from coast to coast, is moving in on Salt Lake City. Having tested the waters since February with its Salt Lake route, TexCity-Denv- package includes a stop in Denver, Salt Lake City or another ski destination for $6.00 in addition to the regular fare between two other cities. The businessman flying from San Diego to Denver can stop in Salt Lake City Mitchell explains. for $6, er as International is now rumored to be toying with a new peanut fare from Salt Lake City to Houston, offering a 0 percent discount on one flight per day. And United Air Lines last week announced a new snow guarantee for skiers a marketing scheme which Salt Lake City manager John Meyer cause openly hopes will 25-3- excitement and generate optimism about the domestic ski market. Aimed at eastern market The guarantee is aimed at the tremendous ski market in the eastern United States that was turned off to domestic skiing last year and went to Europe instead, he says. The plan is still subject to Civil Aeronautics Board approval. Also appealing to the ski market, Western Airlines is offering a new unprecedented bonus for its travelers, says Carrie Mitchell of the Salt Lake City office. Called the Super Skier Triangle, Westerns VOLUME 7 NUMBER 16 Just mention peanuts As enthusiastic as United and Western appear about skiers, they cool quickly when $42,000. peanuts are mentioned. flight to Offering one half-far- e Denver daily, Western swallows hard when asked how its going. Great, says MitchIn September we ell. averaged a 73 per cent load factor. The break even point 75 percent. Traffic has been increasing monthly, she adds, although Western changed its half-far-e flight from 7:00 a.m. to a night time trip in July. United Air Lines isnt in the race to reduce fares. Were not a leader in cutting fares, Meyer says. Were a high cost airline. Comparing us to regional airlines is like comparing limousines to taxicabs. Low fares arent in our marketing strategy. Quadrupled profits Texas Western appraised it at Finally, Savings Dog fight over air fares by Mary McMillan Gaber and FHA the house at sale, $46,000 Internationals story, however, glows with drama and optimism. After bordering on the brink of bankruptcy seven years ago, the company is now reaping profits more than four times greater than any it previously earned. According to Jim ODonnell vice president of marketing in Houston, 1976 saw $3.2 million in profits on $100 million in gross revenues. During the first half of 1977, the company is posting $1.7 million in profit, compar- (Sec AIR FARES, page 5) The gap between what buyers arc willing to pay and what FHA is willing to insure is the subject of controversy among many horrified realtors and a few dismayed lenders. But L.C. Romney, director of the Salt Lake FHA program, vehemently denies the charge. Its sixes Our appraisals are higher than the sale price as often as they are lower, he says, displaying lists he compiled as evidence. Sure enough, one such list, about two months ago, showed 12 but of 23 appraisals were below the selling price. "Every seller feels the house is underappraised, And continues. Romney Norval Lambert, vice president of the First Security Bank, agrees. Realtors think every sale price is the right price, he says. "They want appraisers to name the sale price 100 percent of the time. Oh I God its a sellout Whether the deity ap- plauds the production is unknown. But one thing is for sure: Adverse publicity of Warner Brothers new film, Oh God! is manna from heaven for Villa Theater. The Villa, owned by Mann Theaters of San Francisco, has experienced increasing numbers of sell-oshows since local dailies refused to publish the movies title and their opinion pages were flooded with adverse reactions to what could be ut considered a blasphemous show. The movie would have a done well inititally, spokesperson at the theater said, since it has been well publicized by Warner Brothers, features a star cast and is a first run. But the publicity has sparked increased interest which will fill the theater seats long after the show's opening, he said. Exact data on box office sales had not been compiled, he added. Villa officials say media censorship of movie advertis- ing generally favors the theaters, and they welcome it. Candidates speak out on business issues Heres a chance to rate the candidates on issues concerning the business community. Interviews with the four Salt Lake City commission hopefuls were conducted by Enterprise staff writer Milt Policzer. Enterprise: What type of taxes do you prefer among all those in use or proposed? Greener: The tax I like least is the property tax because it is punitive in that it punishes one who improves property and rewards those who let property run down. It's also not based on ability to (See CANDIDATES, page 18) Thomas L. Hall , 59, has been deputy city Alice Shearer , 45, is a Glen N. Greener, 31, former neighborhood auditor since 1966. He Mas also manager of the centralized cost department of Salt Lake Hard ward Co. Senate drives of Republicans Jake Gam and Wallace Bennett. currently public safety commissioner , has been director of the county intergovernmental relations office. campaign chairwoman for the U.S. MONDAY, OCTOBER 24, 1977 Marilee C. Latta , 32, owns her own public relations and advertising firm. She was director of the Downtown Retail Mer- chants Assn. 50 CENTS |