Word: fasts
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Dates: during 1990-1999
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Your home has always been your castle, and it used to double as a piggy bank, until a classic late-'80s bust crushed the notion of housing as an investment. But the market is finally springing to life again, and fast. Remember those heady housing markets of the 1970s and mid-'80s? Forget 'em. Not returning anytime soon. But for the first time in a decade, home prices in most of the U.S. are rising fast enough to outstrip the inflation rate of about 2.5%. And there are many hot spots. The Midwest is seeing some of the biggest leaps...
...mortgage, and you have an asset that in coming years just might (gulp!) beat the stock market. Should you sell all your stocks and hire a carpenter? Of course not. For convenience and superior long-term returns, stocks remain the way to go. But real estate rises about as fast, and while you can't easily sell your house to capture the gain, you do get to live in it. Here's why it's O.K. once again to view your house as an investment...
...year mortgage of the same amount two decades ago, when rates were much higher and home prices were rising 20% or more a year. You can't get that kind of appreciation even in today's hot spots. But in theory you can own your house twice as fast...
...Sunday paper. One had a typically Times-worthy story at the top of the right-hand column--about a new study documenting the number of illegal Mexican workers in the U.S. In the later edition, Diana's death had supplanted it as the lead story. The paper was fast on its feet with the late-breaking news: trucks heading out to the Hamptons, weekend hangout of the media elite, were even turned back so the old edition could be replaced...
...sitcom Veronica's Closet. But the star is nowhere to be seen. Kirstie Alley is in her trailer, squealing with laughter and slurping away on a juice concoction of white grapes and lemons. She is on Day 3 of a 40-day juice-and-fruit fast and proselytizing the cleansing merits of her diet. "Taste it!" says Alley, popping up from the sofa to pour a portion. "Isn't it great...