Word: rente
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Dates: during 2000-2009
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...biggest of them all, Las Vegas Sands' giant Venetian. Yet the money sloshing around in their plush suites hasn't found its way into his pockets. "We are the ones building so many beautiful high rises, but we ourselves don't have our own homes," Ng says. The rent on his tiny, 300-sq.-ft. (28 sq m) apartment, which he shares with his wife and two sons, has tripled since 2004 to $150 a month. He's overpaying. Chunks of crumbling concrete fall from the ceiling onto his bed; a small room serves as both kitchen and toilet...
...barely pay their bills before, the current fiscal situation is a very real crisis. Try raising a 6-month-old baby when your water has been cut off. Try coming back from your chemo appointment to find that your electricity isn't working. Try deciding whether to pay your rent this month to forestall eviction or fill your tank with gas so you don't get fired from your job. How dare we think of bailing out greedy people who bought McMansions they couldn't afford, when seniors and disabled people are losing basic necessities through no fault of their...
Rosemond agrees. He's already envisioning rules for the federal aid when it reaches Miami Gardens - such as prohibiting refinancing with adjustable-rate mortgages and requiring 30-year fixed loans in order to be eligible for relief. He also hopes to establish rent-to-own programs, providing landlords with incentives to give house and apartment renters the option to buy their units once they've saved enough and built a strong enough employment and credit history. "We need people to rent longer before they buy houses, but we also need renters to feel like they have a stake in those...
...past year and a half, Mehdi's large family has been forced to crowd into two small, sparsely furnished concrete rooms of a rented home in Karrada. "He was the only one who supported the family," says Kadhem, sobbing. "How will we pay the rent...
...Trouble began last February, when Marlene Armstrong, 44, her two daughters and two grandchildren became the first black family to rent on an all-white west side Cleveland street. There were taunts (''Nigger! Get off the porch!''), broken windows, fireworks assaults, ugly spray-painted graffiti (KKK) on the side of the house. Someone installed a ceramic black jockey on the lawn. One night last week a gang of young whites began launching bottle rockets toward the Armstrong house, but suddenly the fun went out of it. A 23-year-old friend of the Armstrongs' fired a shotgun at the whites...