Word: affordability
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Dates: during 2000-2009
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...that time, players have grown not only richer but a whole lot bigger and faster. While that may sound like progress, the game has suffered, with creativity giving way to cold, hard athleticism. Under as much pressure as any team at this Cup is rugby itself, which can ill afford a tournament full of messy, dour, defense-dominated matches if it is to continue reaching new audiences...
...never know when things will bottom out, and if you jump too soon, you may miss an even better deal that could have been yours just by waiting. But if your goal is to retire to a vacation-like property in a decade or so and you can afford to buy now, today's tepid housing market may offer a great opportunity to put your plans into motion early. Here...
None of this means you should be rash. The whole point of buying while the market is soft is to have time to think things through. Second homes come with myriad expenses and headaches. Can you really afford it? How will you feel if you drain your 401(k) plan to buy a second home (not recommended) and then stocks take off? What if moving day arrives and you find you no longer want to live there? Sort it out now--and then take the plunge. Here are some other reasons that buying a vacation home now to live...
...nation's annual budget on the 450,000-strong army while 90% of the population lives near or below the poverty line. Inflation is more than 30%. A fuel hike last month led to a tripling of bus fares on some routes, leaving many commuters unable to afford their ride to work. "At this rate, even a meal every day might become a luxury," says housekeeper May Oo, who now spends 60% of her salary on her daily bus ride to and from Rangoon...
...overpaid ceos. "The amount of money in private hands is unprecedented," says Andrew Harper, editor in chief of Andrew Harper's Hideaway Report, a Baedeker for the wealthy. In this new Gilded Age, he says, the business is in class, not mass. "There have always been people who could afford the presidential suite, but now it's a legitimate market...