Word: cheaping
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Dates: during 2000-2009
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...Imagine that. He started buying Beazer at $8 a share and has held on while it soared to $69; Centex at $10, now $68; Meritage at $3, now $59; NVR at $60, now $759; Pulte at $5, now $37; Toll Bros. at $10, now $32. ?They?re still dirt cheap,? Muhlenkamp told TIME...
...culture in Cambridge.” Ann Russell, 17, is one of those faithful customers. Although her home is in Cape Cod, roughly 100 miles away, Russell makes the trip to Cambridge nearly every weekend to shop at the Garment District for “all the cheap vintage stuff,” she said. Even as she dug through the racks of vintage, used, and name-brand clothes, she was already wearing a cotton, 70s-era housedress that she bought from the Garment District just the weekend before. Unlike Una’s in the Square and other small...
...STORY OF TUXPAN'S TRANSFORMATION from a provincial town of 30,000 into a major conduit of cheap labor for the Hamptons begins with a single wanderer. Mario Coria, 55, grew up so poor in Tuxpan that at age 11 he left for Mexico City to work in construction, a skinny kid carrying 80-lb. bags of cement and mortar on ramshackle scaffolding, sending nearly all his earnings back to Tuxpan. In January 1977, when he was 26, Coria had a chance encounter that would change his life--and that of Tuxpan--forever. He ran into a vacationing restaurateur from...
...carved into hostels housing a dozen or more men at a time. Uninsured drivers, some of whom display the daredevil driving style of rural Latin America, anger local motorists. Day laborers looking for work clog parking lots, and they are more than just an inconvenience. Flooding the market with cheap labor, they're driving down wages for everyone. Even some of the more established undocumented workers are critical of the newcomers. "A hard worker used to be able to make $15 an hour here," says Gabriel, 33, a Tuxpan native who owns a small gardening business and who, like many...
...exaggeration. Single-family neighborhoods have been turned upside down," says Levy. "It's very politically incorrect to say, but that's not what those homeowners signed up for in suburbia." Despite their grievances, however, many of those same working-class families have become addicted to the cheap labor. As a landscaper, Jeremy Samuelson has seen starting hourly wages for gardeners fall from $14 to $12 in the past decade, but he admits that he and his neighbors view cheap labor as a perk of living in the Hamptons. "People are making less, maybe, but now lots of people have house...