Word: worthing
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...National People's Congress, offered new subsidies only to create more "affordable" housing for lower-income citizens and stiffed the more high-end developers, despite a fierce, behind-the-scenes campaign to press for help among big property developers. In fact, the outcome - more subsidized housing (about $4.8 billion worth) for relatively low-income citizens - is exactly what most developers didn't want to happen, because they look at the lower cost housing as just more competition in an already glutted market...
...Shanghai three years ago for the equivalent of about $80,000, and was "sure she could sell it by now at a profit, and buy a bigger place." Ask her if that plan still holds, and she just laughs. "I have no idea now what my place is worth now - and I don't intend to find out, because I'm not going to sell into this market." China may not confront the disastrous effect that huge numbers of foreclosures have had on real estate prices in the U.S., but its own problems are bad enough - and they...
...flaws, but you should be going pretty much ballistic with joy when you crack open that housing envelope and read the words "Lowell House." It guarantees that for three years, whenever you show a stranger around campus, they'll ask with incredulity, "You LIVE here?" And that's worth something. When you walk in that front gate and breathe the cool Lowell courtyard air, you'll know you're home...
billionaires • significant decline in numbers and net worth...
...year-old, 5'6'' drug lord is considered the country's most wanted criminal. And because his Sinaloa cartel traffics billions of dollars' worth of cocaine to the U.S. each year, American authorities are no less interested in bringing him down. The U.S. government is offering a $5 million reward for his capture - a rather meager amount given that Guzman's estimated net worth is $1 billion, putting him at #701 on the Forbes list, between a Swiss oil tycoon and an American heir to the Campbell Soup fortune. And unlike many of his fellow billionaires who've already lost...