Word: good
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Dates: during 1980-1989
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...sense this is good. (And of course it's very good if you don't yet own a house.) In the U.S., we need to invest relatively less on expanding our living space and more on retooling our factories. We need fewer real estate agents and more teachers, fewer mortgage brokers and more engineers. So if people get the notion they'll make more money investing in stocks and bonds than in homes -- good! To succeed long-term, we need to save a little more and consume a little less...
Sluggish home prices are also good news in the drive to dampen inflation. Returning to the days of negligible inflation, if we eventually can do so, should also mean returning to the days of low interest rates (from 1880 to 1965, home mortgage rates above 6% were all but unheard of), and that would be good news for the economy -- and for future home buyers...
Homes can still be a good investment -- much of my own money is in real estate, and so is much of the money of most of the successful stockbrokers I know (they sell stocks; they buy real estate). Even if there are fewer baby boomers entering the new-home market, the population continues to grow, and as it becomes wealthier, it will want more living space. So don't buy the new conventional wisdom unreservedly. But even in Los Angeles, where the whole point is to spend more than you can afford, rising values are no longer a given...
...into its first three-month season, fielding eight Florida teams of ex-major leaguers 35 or older (catchers may be 32). Most of the superstars are missing: Reggie Jackson is occupied with his classic autos, Jim Palmer with his underwear, Pete Rose with hawking his tarnished name. But enough good ole boys of summer are participating to help ease the winter of discontent every baseball addict endures between the last out of the World Series and the first bud of spring training...
...might otherwise have. An encounter with menacing red-neck cops on a country road, the bombing of her synagogue, a distant but moving exposure to the force of Martin Luther King Jr.'s oratory all have their effect on her. But mostly it is the simple presence of a good man that grants her age's greatest benison, expanding rather than shrinking her humanity...