Word: marketed
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...creating a huge backlog of demand, and strict environmental requirements severely limit the land available for housing. Prices are starting to level off, but the level is in the stratosphere. In platinum-plated Beverly Hills, one cynical real estate broker exclaims: "Oh, I have such a dog on the market right now! Come to my Sunday open house and see what I'm offering for $185,000. I can tell you, for $185,000 you get a piece of nothing." Tom Lorch, a high school principal who is looking for a house in San Francisco, adds, "When we talk about...
Social trends also swell demand. What some builders call the "divorce market" is creating a need for two dwellings where one sufficed before. Single women a few years ago almost never bought housing property; today they are buying as many as 30% of the apartments in some Washington, D.C.-area condominiums and quite a few private houses as well. Unmarried couples?even homosexual pairs?are seeking houses or apartments. Says Mike Brenneman, a Washington real estate man: "Such cases were rare five years ago, but today they represent an important part of the market...
More and more people are looking on a house not just as a place to live but as the best investment they can make?better than a savings account, better than bonds, far better than the sagging stock market. The price may be a shock and the monthly payments a severe strain, but many families think the value of their home is bound to jump. Even if it does, the profit is only on paper until the house is resold, and most families will then have to buy another house at inflated prices. But they do get a big break...
...system. In communities that have no sales or income levies, property owners are grossly overtaxed. Boston has no other local taxes, and homeowners pay the highest tax rate in the country-$252.90 per $1,000 of assessed valuation. Though Boston assesses property at one-third its true market value, the effective rate is a whopping 8½%, a level even city officials admit is virtually confiscatory...
...houses on the basis of their original value. A grand old home might have lower taxes than a brand new house of lesser quality. Some districts, such as Cook County, Ill., and Fulton County, Ga., are attempting to eliminate the imbalance by taxing all homes at their current "fair market value," but then taxes explode and devastate longtime residents living on fixed incomes. Says Ren Wicks, 65, who, as a result of a $4,000 annual property tax bite, is now struggling to make ends meet on his Los Angeles home: "They told me that if I worked hard...