Word: overbuilt
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...Manhattan federal court. The charge: that AMF and Brunswick had conspired with each other, and with the Bowling Proprietors' Association of America, to restrain trade by refusing to sell to businessmen who wanted to open bowling alleys in areas that the association had designated as "overbuilt...
...number of Americans reaching marriageable age each year is currently held down by the low birth rates of the Depression years.) In addition, many areas of the nation are so plainly "overbuilt"' that apartment rentals are softening, and some owners are offering several months' free rental to pull in tenants...
...Daily Mail calls Britain's housing shortage, stems from years of shortsighted planning and faulty economics. In big industrial cities, factories and office buildings have been allowed to gobble up scarce land in residential areas-and tighten the squeeze by funneling in millions of new citizens. Already overbuilt London, where postwar planners predicted a drop in population, has gained 1,400,000 new residents (total: 8,100,000) in 15 years. More than 100,000 London families are waiting for subsidized low-income housing, which, ironically, is "under-occupied," since a family cannot be evicted even if children have...
...alley operators worried. With fat profits (often 13% return on investment after taxes and a ten-year amortization of invested capital) have come new alley operators to share in bowling's bonanza. In some metropolitan centers such as Chicago, Detroit and New York City, bowling alleys have been overbuilt. Los Angeles, with eight bowling centers in a 3½-mile radius, has been faced with bowling price wars. But the national average is still one lane for every 1,900 people, and bowling proprietors feel that one lane per 1,500 population is a safe ratio from the standpoint...
...dangers for the economy. "The trouble with a little inflation," says a high Treasury Department official, "is that it tends to accelerate because people will count on it as a way of life. If people resign themselves to it, that makes for false decisions, distortions of value, and an overbuilt, overbought economy that will end up in collapse and controls...