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Show Page A6 Thursday, March 17, 1983 Park City News Real Estate Investing MicHae.S.oa-.B, ((ffity REAL ESTATE INVESTING IN LAND QUESTION: My policy has always been, "Don't buy land." Every real estate investment in-vestment book that I've read seems to confirm con-firm the fact that land is a poor investment. invest-ment. Since you don't often write about land investments, does this mean that you also concur? ANSWER: There isn't any fact which I'm aware of which states that land is automatically a poor investment. In general, conversation regarding a general comparison of land to other types of real estate investments, land does seem to possess a few significant disadvantages. Land is not depreciable. There is little if any income generated. Land is often difficult dif-ficult to finance. Land values are often subject to the zoning whims of government. gover-nment. Generally, I can understand why some feel that land is a comparatively inferior in-ferior investment. But specifically, land is often an excellent ex-cellent investment. You may be able to purchase a reasonably priced parcel in the path of future development. You may be able to negotiate workable seller financing. finan-cing. You may be able to influence a zoning change which could have a dramatic positive effect on value. As always, the basis of successful investment analysis is research. Each real estate investment vehicle serves ser-ves a specific and unique role in an investment in-vestment portfolio. Despite some of the obvious drawbacks, investing in land remains one of the best vehicles for large potential profits. Here's another perspective to consider. Every time you purchase an income-producing income-producing property, such as an apartment building, you are also making an investment invest-ment in the land under that building. Right now, you may feel, "so what, it's just there." But, as passive investors such as pension funds assume a larger role in real estate investment and finance, you may find the land under your building becoming a very valuable chip for a land sale-leaseback. Let's not be too quick to narrowly define land as a poor investment vehicle. Let's discuss your investment needs. Call us at 801-649-9134 or stop by the Group 1 Real Estate Offices at 750 East Kearns Boulevard, Park City, Utah 84060. We look forward to meeting you and answering your investment questions. -Advertisement- yOtatlQifc) II condominiums JL JL MORI AMENITIES THAN ALL THE REST r ' 'v" I !, . SWIMMING POOL INDOOR AND OUTDOOR OUT-DOOR SPA SAUNA WADING POOL TENNIS & ICE SKATING SKI STORAGE HOTEL SERVICE ON SITE PROPERTY MANAGEMENT AND SECURITY DESIGNER DECORATED 2 BEDROOM UNITS WITH LOCK-OFF LOCK-OFF 1 BLOCK TO PROPOSED DEPOT CHAIR LIFT SHORT WALK TO MAIN STREET. Call Janet Reeves, Huntsman-Christensen Real Estate Corp. K 649-1922 uyers browse fashion for '83-84 season by Packy Longfellow Communications Director, P.C. Ski Area The 1983 annual Ski Industries Indus-tries of America trade show was held in Las Vegas, Nevada March 11 through the 16. A total of 244 exhibitors were in attendance displaying display-ing the latest in ski equipment, equip-ment, apparel and accessories, acces-sories, with, what's new for the 83-84 season. Over 10,000 retailers representing businesses busi-nesses from around the United States and other countries attended the show, placing their orders for the upcoming season. The show was held in the Las Vegas Convention Center, Cen-ter, which is the largest single-level convention hall in the United States, with over 339,000 square feet of exhibition space. What initially ini-tially started out as cement floors and steel beam walls, miraculously was transformed trans-formed into a winter wonderland wonder-land of ski-related displays and ski industry people. The intent of the show was to preview ski related equipment, equip-ment, fashions and accessories acces-sories to the retailers in the business for the 83-84 ski season. The six-day show ran from 9 a.m. to 6 p.m. daily, with special activities and programs pro-grams for the participants in the evening hours... ranging from cocktail parties and fashion shows... to gambling sessions and cow-pie throwing throw-ing contests... something for everyone? Numerous ski personalities personali-ties were in attendance making guest appearances throughout the show along with noted celebrities such as Arnold Schwarzenegger, Donny Osmond and Willard Scott (Today Show weather forecaster) along with Park 1983 annual Ski Industries of America trade show in Las Vegas, Nevada. City's own Stein Eriksen (past Olympic gold medal winner) and Alana Soares (Miss March for Playboy Magazine). Big names in the industry sponsored impressive display dis-play booths with examples of what's going to be hot for next year. Bogner, Colmar, Fila, Rolfe, Skyr, Ober-meyer, Ober-meyer, Olin, Rossignol, Elan, Blizzard, Dynastar, Hart, K2, White Stag, North Face, Pre & Ellesse all displayed exrting product lines for the 83-84 season. A number of local trade representatives as well as retailers from the Park City area were in attendance, making certain that Park City stays on top of the ski industry, purchasing the new lines that will appear on their shelves this coming fall season. Regarding fashions... colors and fabrics seem to hold precedence over actual style, with emphasis on teals, aquas, jades and turquoises... all accentuated with some shade of purple... presented in a color blocking form. Popular fabrics for the 83-84 season sport Gore-Tex, poplin and antron... with a lesser emphasis on corduroy. cordu-roy. Broad shoulders and a futuristic look dominate the fashions scene... with variations varia-tions galore for the skiing consumer. As far as equipment, increased and improved efficiency ef-ficiency in gear from the poles to the skis, combined with dynamic cosmetics, will make for some of the most sophisticated and advanced hardware to appear in the industry since its inception. For example... how about a x-country ski with a detachable detach-able binding for alpine skiing, premiering by the Norpine System and Jar-vinen Jar-vinen USA, or how about a ski with a built-in sonar Pieps system connected to a special head set for retrieval in deep powder, retailing for around $1200 plus... by Pure Gold? According to the distributors distribu-tors at the show, the number of buyers and retailers in attendance was up from the past two years, with increased in-creased volumn in purchas ing... possibly a sign that economic conditions are on an uphill trend. David Ingemie, executive director of SIA stated, "with continued efforts made to improve the show and through increased corporate sponsors and cooperative efforts of individuals and businesses in the industry, this year's show has been the most successful in the history his-tory of its existence." More extensive coverage of the SIA show will appear in nationally - circulated magazines of the industry most likely in the spring and early fall issues... so stay tuned if you are interested in upcoming trends in ski gear, fashions and accessories. How the Planning Commission OTTO MOTIONS C. COWHER 'fi" R. DAVIDSON B. WATTS D. BERRETT IIS? S. DECKERT W. BISHOP C. CALDER Approval of Cal Cowher as chairman chair-man of Planning Commission. Approval of Dean Berrett as vice-chairman. Final plat approval for ll-unit Broken Spoke project at Park Meadows. Approval of minutes for Feb. 23 meeting. Extending Conditional permit for 24-unit Silver Bird Phase II. Amendment for common-use parking at Enclave Condos. Conditional permit for 30-unit Enclave En-clave Condos, at Silver Lake Knoll II, Deer Valley. abstain yes yes yes abstain yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes abstain yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes MAKE HOME BREW Creative Fermentations r Natural Ingredients for: Heavy or light High or low alcohol content LIGHT AMBER DARK STOUT ENGLISH BITTER BEERS Kits start at $25.00 including ingredients to make 2 cases of the beer of your choice Also carrying liqueur extracts make your own liqueurs instantly! Wine-making supplies available soon. I Lessons Available 830 Empire Ave. Park City, UT P.O. Box 3235 649-2274 i$m mum mwm (hfi friifif-fiffifi W iifJiii!i irfil mWMUi ;f ftfoci li!iilfiiiiiiiil mm (l ifWiU flf!,'fiililM |
