Word: mortgagees
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Dates: during 1980-1989
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Start with the money. One hundred dollars will buy you one sleeve of a Halston ultrasuede jacket, dinner for two at a Manhattan restaurant or tickets to three conventional Broadway shows. It will also get you into the Royal Shakespeare Company's The Life and Adventures of Nicholas Nickleby, whose...
The prices of land and money have climbed to sometimes inaccessible heights. Mortgage rates (a record high of 18.6% lately) make it more and more difficult to buy a house, or to sell one.
Americans may have come by their housing a little too easily in the past two generations. Starting in the Depression, Government agencies like the FHA and later the VA set about turning the U.S. into a nation of home owners. A young family could start off by paying absolutely nothing...
For now, though, attention is focused on current troubles rather than on latent-and later-possibilities. Millions of families cannot afford loans for new homes or automobiles. Thousands of small businesses are going bankrupt. Says Dwayne Walls, 49, a home remodeler in Chapel Hill, N.C., who is stuck with ten...
The origin of last week's IRS action was a congressional measure earlier this year designed to make it easier for the S and Ls to get deposits that could be used for mortgages. During the first seven months of 1981, S and Ls and savings banks lost upwards...