Word: risk
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Dates: during 1980-1989
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...sold on the idea. "They tell us we can't climb the tower anymore because it has cracks in it, but they can pick it up and move it without it crumbling into a pile of bricks," says Carol Dillon. "I can't believe they would take such a risk...
...have a spare $50,000 or $500,000, that's a mortgage you might want to make. It matches the yield on all but the junkiest junk bonds and, if you're careful, entails a lot less risk. Such deals are widely available. There are borrowers who can offer good security but, for whatever reason, can't get a conventional loan, or can't get it as fast as they need...
...crucial to be represented by a knowledgeable attorney and get ample security -- or at least an interest rate commensurate with the risk. If it's a second mortgage, the going rate can be 16% or more, but it's all the more important to ascertain the true market value of the property and obtain other collateral. You must be certain that there's title, fire and flood insurance on the property and that your mortgage is recorded properly. And you should never assume that a property appraised at $300,000 today will yield anything near $300,000 in the event...
Still, for careful investors, here is a way to earn high interest on large chunks of cash, with some additional effort but little additional risk. Other points to note...
Besides the recommendations on sex counseling, perhaps the report's most controversial proposal is the elimination of tracking. While it is true that minority and at-risk students are often warehoused in low-level classes, a blanket insistence on cooperative learning may motivate parents of gifted children to abandon the public schools. "We need to be careful," says Stanford education professor Michael Kirst. "We certainly don't want to slow down kids on the fast track...