For the record (1)

Robert Simon, who camped out for five days in front of a bank to get a voucher for a state-subsidized, 11 percent mortgage, figures it was time well spent - $750 an hour's worth. Mr. Simon was the first in a long line outside the headquarters of the Boston Five Cent Savings Bank, which was issuing the mortgages on a first-come, first-served basis. ''I'm saving $18,000 a day, or $ 750 an hour,'' said Mr. Simon, who estimates he will avoid paying $90,000 over the 30-year life of the mortgage.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to For the record (1)
Read this article in
https://www.csmonitor.com/1983/0817/081720.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us