Word: katz
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...Stuart Katz and Jeff Kovack met at Ohio State. They quickly hit it off. The pair joined the same fraternity, and after graduation, both moved to Baltimore, where they became roommates. Then a year ago in April, the 25-year-olds took the next step: they bought a house together...
...soft real estate market and want to start building equity ASAP, even if it comes before the wife, kids and golden retriever. "On my own, I might have been able to buy a one-bedroom condo, but that would have been pushing it," says Kovack. Instead, he and Katz live in a 2,300-sq.-ft. (about 215 sq m) three-bedroom row house with stainless-steel appliances and a deck out back. They split the mortgage, the tax break, the cost of upkeep--and the pride of being homeowners a few years out of college...
Back in Baltimore, Katz and Kovack don't have a written agreement, but they do have a long history. When they moved to Baltimore, they even started out working for the same homebuilder. "You have to do this with a person you trust," says Katz. That was crucial when Katz lost his job and when Kovack decided to take one that paid less. Katz says, "I knew he wouldn't sacrifice paying the mortgage to do other things, and he had to trust that I had enough money saved." The pair also talked exit strategy early on. They agreed...
...lack of increase in wages from 2007 to 2008 may also be cause for concern for graduates, said Harvard economist Lawrence F. Katz, who has studied student career choices. Wages typically grow between 4 to 5 percent each year, Katz said...
...Know You Can Dance Can the inhibition, crank up the music and shake, bounce and move it. Pick a style, fake it or make one up. And yes, air guitar counts. The beauty of dance, says Yale's Katz, is that it often appeals to kids who say no to conventional exercise...