Word: buyer
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Dates: during 1980-1989
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...buyers, land leasing can reduce the down payment on a house and thus make a purchase possible. In the Woodward Co.'s new Park Lane development in Carlsbad, Calif., for example, a two-bedroom house costs $127,990 when sold conventionally. But with land leasing, the house sells for just $82,990, and the down payment falls from 20% to 10%. The catch: the buyer must agree to pay a monthly ground rental of $450. The total monthly house payments would then be about $1,444 for a land lease, compared with $1,294 for a conventional sale...
Financing a new home has now become so complex that the Chicago Association of Commerce and Industry and a local builder, United Development Co., have installed the "Home-Finance Answerline." A confused home buyer in the Chicago area can phone, and a mortgage expert will demystify the latest wrinkle in local real estate lending. Since the hot line was installed a year ago, there have been 10,000 calls...
...Loreans is due to arrive next week at Long Beach, Calif. More than 10,000 people have put down as much as $2,000 for options to buy the car, and De Lorean is confident that the high sticker price will not scare away customers. Says he: "Our buyer is someone in the $70,000-a-year income bracket or over, and he is pretty much unaffected by minor economic travails...
...lease with the Oakland-Alameda County Coliseum halted the sale. During that time, he ran the franchise down to the material left in his hardscrabble farm system and went through every manager out of captivity, some of them twice. Then, five months before he was to find a hometown buyer for his team, he brought in Billy Martin, a 51-year-old Bay Area boy, to manage his sinking ball club...
...break my back campaigning for the Republicans in order to see them propose quotas on imported automobiles [March 9]. Secretary of Transportation Drew Lewis should realize that any limits on auto imports will once again put us into the greedy hands of Detroit. The American auto buyer needs protection against Detroit-not Japan...