Word: nechayev
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Dates: during 2000-2009
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...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...
...outright, faced endless hours or days of anarchy and wrenching fear, often accompanied by harsh rantings about some strange and often incomprehensible political creed. Once again the terrorist, the sinister perpetrator of violence in the name of politics, showed himself to be, as the 19th century Russian Revolutionary Sergei Nechayev put it, "an implacable enemy of this world." What made the year different was the willingness of governments to fight back...
That tells you two things. First, you should have bought in Boston in 2000. Second, right now renting there is a comparatively good deal. "It's important to ask, 'Am I making the right decision to buy today?'" says Gleb Nechayev, senior economist at Torto. "The balance has shifted so much in favor of renting, people should pay attention...
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