Word: mortgagees
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Dates: during 1980-1989
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But Harvard and real estate are always a volatile combination in Cambridge, and these plans raised even more furor than usual. In addition to the University's tax-free status. local politicians and activists constantly condemn the University's large share of the rental market, and its efforts to influence...
More than just the stock market took a dive last month. Housing starts plunged by 8.2% in October, to an annual rate of 1.5 million, the lowest level in more than four years. Economists blamed steep mortgage rates, which rose from a national average of about 9% in January to...
So when the fall came, so did a few smirks, along with jokes about yuppie brokers losing their BMWs. But mainly the reaction was personal: What did the crash mean for me, my pension, my mortgage, my business, my job, my tuition bills? Most of the momentous events that splash...
People like Lyle Gramley, a former Federal Reserve governor who is now chief economist for the Mortgage Bankers Association, praised the Fed chairman for his decisive actions. But critics like Paul Craig Roberts of Washington's Center for Strategic and International Studies charge that Greenspan also helped cause last week...
Tighten up interest deductions. America's most venerable tax shelter is the deduction on home-mortgage interest, a provision that was originally created to help families buy their first home. But perhaps that write-off is too generous. Earlier this month the House Ways and Means Committee adopted a $12.3...