Word: reale
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Dates: during 1970-1979
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While the market for houses is slumping, sales of condominiums and cooperative apartments are holding up better. They account for only 2.3% of all U.S. housing, but in recent years they have become the hottest properties in residential real estate, and supertight money seems unlikely to put more than a temporary brake on demand...
...simple: they offer the tax and investment advantages of home ownership, but usually for less money. Their appeal is strong among retired people squeezed by rising rents, young married couples and middle-income suburbanites stunned by fuel costs. "Going condo or coop" has become a buzz phrase in real estate, as San Francisco apartment buildings, Florida motels, and even a renovated Brooklyn church and a convent have become condominium or co-op flats...
...case of coops, a buyer acquires stock in the corporation that owns the building in which he occupies an apartment. A condo dweller holds legal title to the apartment itself. All mortgage interest payments are fully tax deductible, as are local real estate taxes on the property...
Money to buy condos or co-ops is becoming costlier and harder to find, of course, but the impact of the squeeze has so far been modest. In Chicago, the Baird & Warner real estate firm reckons that October condo sales were 6% ahead of the same month last year, but prices have eased from an average of $93,000 in 1978 to about $85,000 today. In New York City, both demand and prices remain high, and luxury four-room apartments are selling for an average of $ 160,000, vs. $ 100,000 a year...
...that one might think ABC is trying to trick viewers into thinking that she is Cher. The blow-dried Chad Everett (Medical Center) is cast as a Pulitzer-prizewinning author who wears what appears to be a Pulitzer Prize medal on a gold chain around his neck. There are real French actors in the cast - Marie-France Pisier, Louis Jourdan - as well as ersatz French men like James Coco. Brooklynese is provided by Shelley Winters, who seems to have a habit of booking passage on doomed ships...