Word: homeownership
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Suburbanites have grown accustomed to the sight of McMansions--enormous homes built by the superrich and griped about by the rest of us. But mostly, those monster houses are filled with growing families. Many older Americans see retirement as a ticket out of the hassles of homeownership when they downsize...
...community. Everyone should be part owner in the American Dream." Last year he signed into law health savings accounts, which allow workers to build a kitty that can be rolled over from year to year and can be used to pay for unreimbursed medical expenses. Bush wants to boost homeownership too by making nothing-down loans available to low-income buyers and by helping anyone who is willing to pick up a hammer and contribute sweat equity...
...dozen other measures of economic health. Democrats understandably do not want to talk about them because they happen to be positive: the fastest growth rate in the West (now settling in at a healthy 4.2%), historically low interest rates and mortgage rates, record high productivity, record high homeownership, booming home values and low inflation. Why, even the unemployment rate, the traditional measure of the job market, is significantly below the average for the past three decades. Nonetheless, the burning political issue is job creation, a thin slice of the economic picture, which in turn is but one slice...
...dozen other measures of economic health. Democrats understandably do not want to talk about them because they happen to be positive: the fastest growth rate in the West (now settling in at a healthy 4.2%), historically low interest rates and mortgage rates, record high productivity, record high homeownership, booming home values and low inflation. Why, even the unemployment rate, the traditional measure of the job market, is significantly below the average for the past three decades. Nonetheless, the burning political issue is job creation, a thin slice of the economic picture, which in turn is but one slice...
...budget restricted tax breaks on mortgage interest paid by higher- salaried home buyers. Thatcher had opposed any measures that would discourage homeownership. It stepped up an already scheduled increase in the benefit paid weekly to mothers for each child; the new level will be $16.56 for the eldest child, $13.43 for younger ones. By contrast the budget imposed new levies on executives who receive "in-kind" benefits such as the use of company cars and mobile telephones; private car phones provided by employers will be taxed $356 a year. These measures hardly add up to a change in direction...