Word: condoe
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...would be cheaper if we were hooked on cocaine than on these buses," admits Ron Pallin, 53, of Eugene, Ore. Unlike a condo in Tampa, Fla., or La Jolla, Calif., say, a bus depreciates quickly, beginning with the first turn of the wheels. It loses about 15% of its value the first year on the road and an additional 10% every year following. A set of tires costs $5,000, and a wash-and-wax job runs about $360. On average a bus travels about seven miles on a gallon of diesel fuel. To paraphrase J.P. Morgan on the subject...
...owners who have paid up to $200,000 for a 75-ft.-long, 35-ft.-wide lot. (Transients can rent an unoccupied lot for $50 a night.) There is not much privacy, but that's O.K. because bus people tend to be outdoor extroverts. "The difference between us and condo people," says Pallin, "is that at 5 o'clock, condo owners go inside, and we come out for cocktails...
Barring such misadventures, Tan hopes to get some writing done on the road, but she will miss her space in the Presidio Heights condo, where she can work with the shades pulled down from 9 a.m. to 7 p.m. without interruption. Except, she admits, those she inflicts on herself: "I have a terrible addiction that has destroyed a lot of my writing time. It's called eBay. I buy everything on eBay. I buy wineglasses. I don't want to worry about breaking crystal wineglasses, so I buy them off eBay for a dollar. When they break, who cares...
Generous parents explain themselves in various ways. Vern Bengtson, 59, a University of Southern California professor and father of three daughters, allows that he has spent a small fortune on his children since the early 1990s. He and his wife Hanna, 57, helped Julie, 31, buy a condo and Erin, 28, start a business in Santa Barbara. They have also been funding Kristina, 27, who tried a modeling and singing career in New York City and then returned to California to attend college. Bengtson expresses the same ambivalence so many parents in his situation do when he admits, "When they...
Most experts agree that in the case of children who are responsible and hardworking, when they are starting out, it may be appropriate to help, such as giving or loaning some of the money needed to buy a car or co-op or condo, supplementing rent or insurance costs, alleviating the burden of very heavy college-debt payments or aiding them in an emergency. Many such young people, like Rachel Frank, 27 and struggling to make it in New York, quickly become independent if a time limit is set. Frank considers herself "extremely fortunate" because her father paid her rent...