Word: tolls
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...TOLL No, but immigrants do, especially the kind that Uncle Sam is letting into the country these days. They must have jobs and income. Immigrants are two-thirds of our population growth...
...TOLL You can't square it. The polarization of wealth in the past 20 years has been extreme. The number of families making $100,000 a year has grown six times as fast as the population. The rich are getting richer and buying bigger houses. Meanwhile, as an industry, we're only building the same number of homes each year as 20 years ago, even as the population grows...
Home prices have shown signs of sluggishness in Las Vegas and a handful of other markets, fueling the debate over whether we are in a dangerous housing bubble. TIME senior writer DANIEL KADLEC talked with Bob Toll, CEO of Toll Bros., one of the nation's largest luxury-home builders, who insists that any talk of a slowdown is premature...
...TOLL You're right. I am sick of it. No, we're not in a bubble. Prices have gone up because there has been tremendous constriction in supply along with tremendous immigration and increases in income for baby boomers. We're on track to see the cost of housing as a percentage of income come to the same place as it is in the U.K. and much of Europe, where they pay up to 45% of income for housing...
...nerve to officially mark the graves of all those they've lost," Azimi says. The natural disaster that struck last Dec. 26 in Bam, 300 km from the Pakistani border, was one of the 10 most lethal in recent history. Iranian officials have revised down the initial death toll from 50,000 to 26,271, but many of the surviving population of about 100,000 believe the true number is closer to the initial estimate. In 12 seconds of annihilation, the quake destroyed 85% of the city's buildings, flattening thousands of traditional mud-brick homes as well...