Word: owners
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...will keep that house off the market if at all possible, to avoid having to come up with $100,000 to subsidize a sale. That house sits in limbo while the government makes the monthly mortgage payment low enough to keep it in the hands of its owner. Excess home inventory growth is artificially arrested because residences which would normally be for sale are kept off the market...
...chimp named Travis, whose owner, Sandra Herold, 70, raised him as part of her own family, had no history of violence - aside from one incident in 2003, when he escaped and stopped traffic in Stamford for hours. But when Charla Nash, 55, a friend of Herold's, visited on Monday afternoon, Travis suddenly lashed out at her. The 14-year-old chimpanzee latched onto Nash's face and tore it apart. (See pictures of animals facing extinction...
...great many cases this will mean that people will continue to live in and pay for homes that may never be worth what they initially paid for them. If a house bought for $300,000 in 2005 is now only worth $200,000, the government is not taking the owner off the hook for eventually paying the entire principle even if the house does not reclaim its higher value. That essentially will turn many homeowners into the equivalent of renters, people living in a residence which may have absolutely no ongoing value for them. The difference is that a renter...
...month on Brattle Street in the former home of the Greenhouse Café, which closed nearly two years ago after three decades in the Square. Tory Row will be a full service, 80-seat restaurant with both European and American elements, according to co-owner Matthew W. Curtis. The café’s interior design and menu are still being finalized. Richard Getz, who owns the 3 Brattle St. location, hinted that the restaurant would open near the end of the month, but both he and a spokeswoman for Tory Row declined to provide an exact date...
...Harvard Square eateries, Valentine’s Day indicated that love is blind—even to recessions. Every restaurant contacted reported dining rooms booked solid with celebrating couples ordering as if the housing crisis had never happened. And managers and owners said diners did not scale back, ordering prix fixe menus as well as tipping generously. Valentine’s Day’s weekend placement may also have contributed to the crowds, as Saturday nights tend to be busy for restaurants. While business on the lover’s holiday seems not to have slumped, the local restaurant...