Word: discounted
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Dates: during 1980-1989
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...sales price of an existing home has fallen 1.3% from its high last year, to $67,200. Moreover, those statistics understate the amount of decline because they do not include attractive financing concessions that many sellers are now making. In California buyers with cash can sometimes get a 10% discount. A few New York City developers are offering special mortgages on cooperative apartments, like 12.5%, compared with a bank rate of 17% or more. For someone who borrows $100,000, that means a saving of $4,500 in one year...
...deposit to open and a $45 annual fee, will have a money-market account run by Boston's Massachusetts Financial Services. At the same time, they will be able to buy and sell stocks, bonds and other securities through Bradford Broker Settlement Inc., a New York discount brokerage. Customers can also use their accounts to obtain margin loans for investments...
...Austin with tax tips: a collection of rare books that cost $50,000 to build, he points out, can be donated to a library and deducted from taxes at the current value. So the collecting is free, and the gift may be named for the donor: immortality at discount prices. Concludes Jenkins: "All an investor needs is patience, a good adviser and a collection worth more than the sum of its parts." Two sample collections suggested by Jenkins: a complete library of imprints by Iowa publishers and all of Charles Schulz's Snoopy publications...
...that American orchestras are technically superior to European orchestras. Says Keene: "The truth is there are three or four European orchestras at the top that play very well. But there are 20 or 30 American orchestras that play better than European ensembles at the next level. Yet people automatically discount those orchestras. We assume European is better...
...OPEC state that is already selling oil at a discount is Iran. The Tehran government's prices range from $30 to $32 per bbl., but the revolution-racked regime is having difficulty producing enough oil to export. Before the fall of the Shah in 1979, Iran was the second largest producer in OPEC after Saudi Arabia...