Word: condos
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...either the metro Atlanta area, North Florida or Las Vegas. Another listing, by an 84-year-old widow, offered to trade her three-bedroom home in Scottsdale, Ariz., for one in the San Francisco Bay Area, which was closer to her family. A listing on besthouseswap.com advertised a lakefront condo in Branson, Mo., for property "in any other state...
...expects, she plans to invest more: "It wouldn't surprise me if in the next year or two, I have close to $2 or $3 million in the market," she said. She values her five homes at $15 million: the San Francisco town house; a two-bedroom beach condo near Fort Lauderdale, Fla.; a house in South Africa; and two apartments in Manhattan. Orman believes that people who don't have money shouldn't buy things--they should fund their IRAs instead--while those who have a lot of it should spread it around. Her biggest indulgence...
...strike economy, it's not just the subprime suckers going down. Trouble stretches beyond the province of liar loans, condo-flipping and the collateralized debt obligations that no one fully understands. A hard rain now falls on the just as well as the unjust. Consumers have stopped spending, factories have stopped operating, employers have stopped hiring - and home values continue to fall. For millions of people, the margin between getting by and getting buried is becoming as thin and as bloody as a razor blade...
...makers (the ones targeting men, anyway) have responded by becoming increasingly creative, or perhaps ridiculous. What began as a simple choice between lubricated, ribbed or custom-fit now includes flavored, novelty (Star Wars prophylactic, anyone?) and glow-in-the-dark. One can even purchase condom accessories like the $28 Condo-M, a plastic-and-aluminum bedside container. (Think Pez dispenser for grownups.) Even the presidential campaign spawned Barack Obama- and John McCain-themed condoms with corresponding slogans ("Who says experience is necessary?" for the former; "Old, but not expired" for the latter). (Read about permanent birth control...
About the only bright spot with the current housing crisis is that the median cost for housing is dropping. The Greater Fort Lauderdale area shows a drop in its median condo prices, from $160,000 last year to $115,000 today, according to the Realtor Association of Greater Fort Lauderdale. That's good for those who have money in their pockets or access to credit. While homes in the area may be more affordable, some potential buyers are having trouble coming up with the money to purchase them. But for now, Florida's governor would be happy to help homeowners...