Word: exchangees
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Kenneth Lewis' days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation's largest bank.
For an annual fee that is usually less than $100, members can access thousands of listings for apartments, condos, villas, suburban homes and farms around the world. Initial contact is made through the sites via e-mail, with subsequent communication usually by phone. Before a match is made, potential swappers...
It's hard to beat free access to a washer and dryer and fully equipped kitchen, but swaps entail more planning than simply whipping out a credit card for a vacation package. Exchange seekers often contact dozens of people before they find someone willing and appropriate. For starters, location really...
Exchange sites recommend that swappers discuss such matters ahead of time. Randle Griggs, a retired financial planner in Tempe, Ariz., who has participated in more than 20 domestic and international home exchanges since 1996, always asks swappers to fill out an agreement spelling out who shoulders which responsibilities should a...
Some observers, however, believe the power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out...