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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 18, 1984
Page
3
Investor activity centers on the Philadelphia Stock Exchange with member listings and security offerings dating back to 1924. Financial houses and markets guide trading in listed securities as brokers monitor prices and liquidity in a busy postwar era.
The Cranes built a distinctive two story 2700 square foot Colonial on Loyola Drive in College Green Lorain County with a cathedral ceiling in the kitchen family room and a first floor master suite. They avoided a greenhouse lofts or solar to keep pricing in the $70 000 to $110 000 range and plan a third bedroom and safety features as their family grows.
Builder Bob Schmidt created a man made lake and a 7500 square foot lakeside home as the centerpiece of Longbrook Estates. The three bedroom house features a wraparound deck a 40 foot pool room and a tall wall of glass. Schmidt notes health minded friends now swim more often than party. He says the home reflects a view he still cherishes though he would use less glass if rebuilt.
Despite rising heating costs, Schmidt positions his homes as forerunners in the shift from moderately priced to luxury homes. He developed Ledgewood Estates and Meadow and Wetates in Strongsville, plus Mills Creek in North Ridgeville, attracting high income buyers willing to spend up to $500,000 for a Schmidt home.
C T home show cential developments present a signature look with Schmidt’s understated one story stained wood house tucked on a hill among trees. He notes they never fight terrain and that 7,500 square feet is more space than two people need, despite loving the home’s beauty.
Dorfman reports consumer confidence at new lows with over half of Americans negative. Causes include reduced salaries, less overtime, high taxes, debt, and high interest rates. Sindlinger interviews cite October retail sales drop and 426,000 unemployment claims as signs of a tough year ahead in 1985.
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