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Builders have rushed back to the low-priced end of the market because the soaring costs of labor, land, materials and especially mortgage money make it impossible for many buyers to afford larger, more expensive homes. "The three-bedroom, two-bath house that in 1966 cost $25,000 now goes for $32,000," says Michael Tenzer, a senior vice president of Los Angeles-based Larwin Group Inc. "Four years ago, about 41% of the people around here had incomes of $9,600 or more, which could qualify them to buy that house. Today only 22% of the population can meet...

Author: /time Magazine | Title: Business: Housing: The Swing Back to Ticky-Tacky | 8/17/1970 | See Source »

...increasing legions of young couples eager to find a home of their own. Denver builders report brisk sales of $15,000 one-family homes. In Dayton, $16,000 three-bedroom models are market leaders. Carrying the trend to its extreme, many builders are successfully bringing out two-bedroom, one-bath houses, which buyers had shunned for years. In Houston, $11,995 buys a two-bedroom home. Pardee Construction Co. sells a two-bedroom model for $16,000 in San Diego. "It's livable," says Vice President Vance Meyer, "but it's more a shelter house than anything else...

Author: /time Magazine | Title: Business: Housing: The Swing Back to Ticky-Tacky | 8/17/1970 | See Source »

...copper bracelet fad began in Britain during the early '60s and quickly spread to the Continent. In both London and Paris, the green-stained wrist has become a mark of distinction. Among the wearers are the Duke and Duchess of Windsor, Lord Snowdon, the Marquess of Bath (who thoughtfully sells the bracelets to sightseers at a souvenir stand outside his castle), Pierre Cardin, Coco Chanel and Stavros Niarchos. Sir John Wheeler-Bennett, the eminent historian, has been wearing his bracelet for three or four years and says its effects are "frightfully good." He admits that his wrist turns green...

Author: /time Magazine | Title: Modern Living: The Green Wrist Mania | 7/6/1970 | See Source »

...award, Litton spread word that, if it won, it planned to hire 2,000 additional black workers, who might otherwise drift to the ghettos of the North. Litton will also subcontract about 60% of the job to other firms. Some work may well go to Maine's Bath Iron Works Corp., which was Litton's major competitor for the award...

Author: /time Magazine | Title: Defense: Litton's Ships Come In | 7/6/1970 | See Source »

They are archrivals in Britain's business of turning stately homes into tourist traps. Yet the Duke of Bedford invited the Marauess of Bath to open his $2,500,000 "Wild Animal Kingdom" at Woburn Abbey. Only the animals refused to cooperate. As Bath drove around the preserve in his Bentley, a lion named Reggie leaped onto the hood. Three baby elephants had charged him as he cut the blue ribbon. When Bath held his ground, 450-lb. Tess trampled his foot. Lamely, his lordship predicted success for Bedford's menagerie...

Author: /time Magazine | Title: People: Jun. 1, 1970 | 6/1/1970 | See Source »

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