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...traditional housing market. A maturing baby boom generation was once expected to fuel a housing boom throughout the 1980s, generating demand for 2 million new units annually. But consumers now are simply unable to buy homes. Fully 85% of U.S. families cannot afford the $904 monthly interest payment required for a typical mortgage of $60,000, at 18% interest, according to a study by the National Association of Home Builders...
...days. While one of the bedrooms in some models is too small for a double bed, the living rooms and kitchens have vaulted ceilings, giving an impression of spaciousness. Because of the low price and an attractive 14.5% mortgage that Fox & Jacobs helps owners obtain, the typical monthly payment on the new cottage homes is only...
...beset by an acute lack of affordable housing. Industry is virtually stagnant, and productive foreign investment is anemic. The country now imports half of its food. Says Abdel Razak Abdel-Meguid, the American-educated Deputy Prime Minister for Economic and Financial Affairs: "Because of our favorable balance of payment statistics, the economy looks good on the outside. But inside it needs a lot of work...
...auto assembly plant by buying $10 million worth of industrial robots. For help, M.M. turns to lucrative Moneytronics Corp. Once Meager Motors buys its robots, the high-tech firm agrees to step in and take them off the automaker's hands for a $2 million down payment, with the remaining $8 million to be paid out over five years...
Immediately upon buying the robots, Moneytronics turns around and leases them back to Meager Motors under a five-year deal in which the rental payments from the automaker exactly match, and cancel out, the loan payments by the high-tech firm. At the end of the lease, Meager Motors buys back the machines for $1. Result: Moneytronics not only receives a $1 million investment tax credit that offsets 50% of its down payment on the equipment, but the firm also gets to claim depreciation tax benefits. Thus it can effectively postpone paying taxes as well as enjoy interest-free...