Word: renting
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...trick of the real estate trade is price-rent ratio, sort of the property equivalent of a stock's price-earnings ratio. What it's saying lately is encouraging, though not downright bullish...
...Here's how it works: if the price of buying a house divided by the cost of renting an apartment is higher than usual, then houses are more expensive than they should be. A lower-than-normal ratio suggests good value. Changes in these data are of interest not just to potential buyers trying to figure out if it's time to finally jump off the sidelines but also to current homeowners wondering how much more pain they're due for, as well as to policymakers angling to prop up prices. At TIME's request, Moody's Economy.com ran numbers...
...theoretically - an admirable way to go: do not do anything solely for money, and do not covet material goods for their own sake...Money can't buy happiness, they say, but if sailing a boat makes you happy, you need to be able to buy, or at least rent, a boat...
...Then in September, Thompson cut his own salary 30% and slashed the rent the dealership pays him for the land he owns underneath the cars. "The sacrifice starts at the top," he said...
...success in many ways, planning the event was no easy matter. "While organizing the parade, we encountered many obstacles from the government, the police and a bus company," said Wai-Wai Yeo, a member of the Hong Kong Pride 2008 Organizing Committee. The local company Citybus refused to rent a double-decker to organizers of the city's parade because of concerns about its image. "This was a blatant act of discrimination, especially seeing the fact that this is a legal parade and the Hong Kong police have granted a permit," says Betty Grisoni, co-founder of a lesbian-rights...