Word: interest
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...case of coops, a buyer acquires stock in the corporation that owns the building in which he occupies an apartment. A condo dweller holds legal title to the apartment itself. All mortgage interest payments are fully tax deductible, as are local real estate taxes on the property...
...that, most shoppers still echo Estelle Wollman, 70, who plans to close a deal on a Sunrise, Fla., condo not far from Fort Lauderdale: "I can't worry about interest rates now. Where am I going to go? I don't want to live in a rental any more, with its $50-a-month increase every year." Over the long term, it seems that demand-and prices-for condos and co-ops will be stronger than for housing in general...
Prices gyrate two or three points between lunch and cocktails. When interest rates rise bond prices fall-and often sharply. That is because securities sold earlier at lower rates are less desirable than new bonds that will pay a higher return. In just a few hours last month, the price of 30-year Government bond fell two points-from 91% of face value to 89%-and bond dealers lost $20,000 on a mind lot $1 million purchase of the issue. In this environment, corporations are forced to raise interest rates still higher to attract new customers. Since the beginning...
Four New York bond trading houses have failed. One of the victims is Frederick Gorsetman, 34, who, riding along with rising bond business in August 1978, opened his own firm. But when the Federal Reserve drove up short-term interest rates, his firm had to absorb devastating losses on bonds that no one would buy. After three weeks of harried days on Wall Street and sleepless nights in his Riverside Drive apartment, Gorsetman closed his ofiice's front door. Although he is now looking for another job on Wall Street, he says bitterly, "The market stinks...
What holds one's interest in The French Atlantic Affair is the exuberant fraudulence of its every frame. Locations as far apart as Paris and Taos appear to be in the same time zone. The Festivale, though described as "very chic, very in, very high style," looks like a floating Ramada Inn. The script is a graveyard of unintentional boners. In one particularly cross moment, Savalas snarls, "Am I a fool? Do you think I talk just to hear my head rattle?" In this sweeps extravaganza, such questions are invariably -and giddily- rhetorical...