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Rachelle Resnick, 27, a San Francisco school-bus driver, counts herself fortunate to have bought???with much help from her father?a two-bedroom house that she candidly describes as "a little nothing." It cost $48,500, and she will have to spend $5,000 or so to repair termite damage. But had she waited, it almost surely would have gone higher. The house sold in June 1976 for $28,000, and has since been resold four times by four separate speculators, none of whom lived...

Author: /time Magazine | Title: Housing: It's Outasight | 9/12/1977 | See Source »

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