Word: owners
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Dates: during 1960-1969
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Blast from HUD. Though the bonds would have to be guaranteed by the Government, Percy also provides for an investment from the owner. He calls it a "sweat equity" in which prospective homeowners can throw in their own labor to reduce their monthly mortgage payments. Under the Percy Plan, if a homeowner should rise above a middle-income level of $6,000 a year, he would subsequently contribute a commensurately greater portion of his monthly mortgage payment to the federation's revolving fund...
...type of operation that obviously needed investigation in the late 1950s was the home-repair racket. Fast-buck operators would talk a homeowner into making improvements such as installing a new heating system or aluminum siding. The owner signed a credit agreement. The work, usually cheap and shoddy, got done and the fast-buck men sold the credit agreement at a discount to a broker, commercial finance firm or a bank. If too many angry and defrauded homeowners threatened, the company simply folded. It was a business particularly vulnerable to bad publicity, and Karafin and Scolnick said...
...operations, and all they do is break even. In those same 20 years, the basic cost of keeping a race horse in training has gone up from $8 per day to as much as $22 per day. In addition, every time a veterinarian makes his horse say "Aaah," the owner shells out $25; blacksmiths get $18 for putting on a pair of horseshoes, jockeys get $25 for riding-even if they finish dead last. Of New York's 2,500 thoroughbred owners, 95% lost money...
...smaller in the keel, wider in the beam. All her crew got was the same old look: a view of Dame Panic's transom. Five times the two boats raced, and five times Pattie won-by margins ranging from 2 min. 12 sec. to 5 min. 22 sec. Owner Packer tried switching skippers; that did not seem to help either. Gretel finally did manage to win one race-when Pattie split three jibs at the seams-but experts agreed that her cause was still hopeless. Pattie had proved conclusively that she was the faster boat and deserved the right...
...with only two night-school courses in drawing; he is willing to admit that he has taken at least six trips, "before it was illegal, of course." His first foray into bizarre design was his own wedding invitation, worked out in a print shop of which he was co-owner. He followed this with a protest poster against the war in Viet Nam. Both were great hits with the local hippies ("They blew their minds," Wilson recalls), and soon he was being commissioned by rock-'n'-roll bands to do dance-concert posters. The first...