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...rent will drop 2.1%, according to PPR projections based on apartment buildings with five or more units in 54 markets. The nationwide vacancy rate is already at 6.8% - the peak during the last recession - and it is likely to grow by another percentage point this year, according to CBRE/Torto Wheaton Research, a property analytics firm that surveys professionally managed buildings with five or more apartments. (See pictures of the recession...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

...this,” says former New York Times food editor and current Wall Street Journal Eating Out columnist Raymond A. Sokolov ’63. “I went to a meeting a year or two ago in the Radcliffe Yard honoring [food historian and author] Barbara Wheaton, and there was a lot of discussion about an academic food studies program. I got up and asked everyone, ‘If suddenly Melinda Gates came and offered lots of money for a chair in food studies or food history, would you really want it? Would it seem...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: Cooking the Books | 12/5/2008 | See Source »

...closely one influences the other and how both influence the minds of the American people in different ways. The current political climate suggests that China is next. It may be only a matter of time before the "delightful pandas" take on a more ominous form. Leila Cruz, Wheaton...

Author: /time Magazine | Title: Inbox | 8/21/2008 | See Source »

...Middle East during the past decade, or the Japanese during World War II, to see how closely one influences the other. The current political climate suggests China is next. It may be only a matter of time before the "delightful pandas" take on a more ominous form. Leila Cruz, Wheaton, Maryland...

Author: /time Magazine | Title: Inbox | 8/7/2008 | See Source »

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