Word: cash
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Take real estate. Nobody buys a home for cash, or at least very few people do. Certainly on the commercial side people don't buy buildings for cash, they all finance it. Those financing rates are really still quite prohibitive right...
...remember tougher times. When his salesmen complain, he recalls trying to sell cars when interest rates were 17 and 18% back in the early 1980s. "I say, 'Guys, you've got no idea what it was like,'" Sullivan said. "If there weren't a few people paying cash, we would have been out of business...
...winning numbers in the world's oldest and - with a total of $3.3 billion given away - by far its biggest lottery. An estimated 3 in 4 Spaniards and thousands of foreigners purchase tickets in the lottery - with more than a million participants expected to take home some sort of cash...
...drawn its fair share of scams; in some years bogus letters were sent out telling recipients that they have won a large sum of money in the Christmas drawing but would have to keep the prize confidential and pay fees and taxes before claiming the cash...
...this year as the San Ildefenso children draw numbers from large gold drums in the Grand Salon of the Spanish National Lottery in Madrid. One of the drums contains thousands of wooden balls each with a unique ticket number. The smaller vessel contains 1,787 balls displaying a cash amount. Waiting crowds will yell "Gordo! Gordo!" as each prize is matched up with a ticket number, and hope for a little extra stimulus money amid the global financial crisis...