Word: manhattans
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Dates: during 1970-1979
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...advance, a variable tone control, an eight-track cassette player and, of course, great promise: It is called Loudmouth II. To the new breed of listener, such equipment has already be gun to seem a natural part of existence, inevitable. Says one of them, young Messenger Anthony Edwards of Manhattan: "You got your box, they got their box, everybody into their...
However poor, new homeowners may be lucky. It used to be that people who could not afford to buy a house at least could afford to rent a comfortable apartment. But that has become much tougher lately. The rent of a nice two-bedroom apartment in Manhattan is now more than $1,000 a month, vs. $700 two years ago; in Chicago, it is $670, vs. $540; and in Los Angeles, $700, vs. $400. "It's a closet," sighs Olga Flores, a Houston social worker, of her $350-a-month one-bedroom apartment, which she found only after...
...average selling price of a Manhattan co-op has jumped to more than $30,000 a room, from $18,000 a year ago and $11,000 in 1974. In Chicago, the typical condominium price per room is $46,000, vs. $30,000 last year. Demand is strong: all 280 condos in one town-house complex in Los Angeles' Century Hills sold out even before construction began. Prices: $230,000 to $400,000 per apartment...
...price explosion can be frustrating for sellers as well as buyers. Two years ago, Leonard Sillman, a theatrical producer, was offered $300,000 for his five-story Manhattan town house. He decided to wait, and three months ago his patience paid off: he sold his house for $600,000. But two weeks later he was offered $800,000. How does he feel about his sale-too-soon? Replies Sillman: "Suicidal...
...bedroom East Side Manhattan apartment that cost $50,000 four years ago now goes for $225,000. A modest brownstone in Brooklyn costs $130,000. Fifty-year-old houses in Atlanta's Virginia-Highland neighborhood of wood-frame bungalows have doubled from $30,000 in 1976 to $60,000. A one-bedroom condo in Boston's scruffy South End costs up to $60,000. Says Ann Wallace, 31, who was looking to buy in the supposedly inexpensive area of south-central Los Angeles: "What we figured would sell for $40,000 is selling for $60,000. What...