Word: go
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Dates: during 1980-1989
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Until recently, Newton's First Law was that home prices could only go up. Now residents of that Boston suburb -- and homeowners nationwide -- are having apples dropped on their heads. Suddenly a lot of people are talking about home prices going down. And I don't mean just in Houston (actually, they've begun to recover in Houston) or Billy Joel's penthouse on Central Park South, first offered at $2.8 million, then at $2 million, then $1.5 million, now $1.1 million -- and still unsold. Your average home may be affected...
...million. It's not so bad in the real world -- three-bedroom homes in my sunny but unfashionable Miami neighborhood that rose from $65,000 to $85,000 over the past two or three years are still $85,000. But the notion that real estate prices will always go up, once common knowledge, like the notion that grapefruits can be eaten only in halves, is finally subject to doubt. After decades of steadily rising prices, we could be in for years, if not decades, of relatively poor performance...
...trail inflation for a number of years, quite another to allow a stock-market-style 40% crash in prices. That would leave the banks owning an awful lot of houses and the Government owning an awful lot of banks, which is why the Government is unlikely to let it go...
...twice as old, will face perennial white heavyweight Gerry Cooney. Someone will get hurt -- probably the first one who throws a punch -- and people will pay to watch. Like rock 'n' roll, sports used to be a young man's game. But with the graying of America, the Stones go rolling on, and geriatric jocks are big business...
...reforms do go far enough to work, it is still not in our interest to help Gorbachev unless his foreign policy becomes less aggressive. Even as he issues calls for "new thinking," Soviet power is being applied against American interests in Afghanistan and El Salvador and for propping up anti- American regimes in Cuba, Nicaragua, North Korea and Libya. When Gorbachev asks the U.S. to help pay for perestroika, we should insist he pay for it himself by cutting his budgets for defense and foreign adventures...