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...longer volume - the busloads of investors from California stopped coming long ago - but efficiency. Owner Corey Barton squeezes costs wherever he can, which is why half of what CBH builds (which still isn't much) now belongs to its slimmed-down Advantage Collection. The trick: boxier floor plans cut out embellishments like bay windows and take fewer materials and less time. A 2,000-sq.-ft. (186 sq m) house can be built for $10,000 to $15,000 less and priced to reflect that, since Barton's main competition is distressed sellers. "The foreclosure and short-sale market...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...neighborhood friend why her family didn't have enough money to pay for its house, she couldn't say. The answer: her father's income from selling cars kept dropping just as her mother's medical-transcription company started losing business to electronic record-keeping. Among the expenses cut from the family budget was health insurance...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

Gault scores a discount on one chain and then says she'll buy a second one if the store throws in another price cut. The jeweler agrees. Gault calls this strategy layering: once sellers agree to one deal, quickly hit them up for another. They just might be in a giving mood. Gault pays $215 for $270 worth of jewelry. (See 10 things to do in New York City...

Author: /time Magazine | Title: In the Recession, Shoppers Are Becoming Hagglers | 8/10/2009 | See Source »

...some mistranslations and improvisation, my meal didn't turn out quite as planned, nor was it very authentic. The wraps actually ended up being more of a salad, because I couldn't explain to my German kitchen aide that the lettuce had to be cut into cups. Instead of jasmine rice, I had to make do with Uncle Ben's as an accompaniment to the salmon, a minor tragedy. But despite the comedy of errors that the dinner turned into, it was a success—if seven clean plates are any indication of culinary victory...

Author: By Lena Chen | Title: Eating In | 8/10/2009 | See Source »

...Sick, a Columbia University professor and former National Security Council Iran specialist. "Those who are going to suffer most will be the ordinary Iranians with whom we sympathize. You can argue that this might spur them to revolt, but more likely is that if their fuel rations are suddenly cut in half, ordinary Iranians will be very upset with the West...

Author: /time Magazine | Title: Sanctions Unlikely to Stop Iran's Nuclear Quest | 8/10/2009 | See Source »

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