Word: buy
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Dates: during 1980-1989
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...first glance Proposition 1-2-3 does not seem to be an anti-rent control referendum. Its first part allows tenants who have lived in rent-controlled apartments for two years to buy them. The second part exempts owner-occupied units from rent control should the owner move out temporarily. And the third part suggests that extra tax revenue garnered from the sale of rent controlled units should be used to increase the supply of affordable housing...
Proponents of 1-2-3 counter that owners will offer discounts to tenants, who are the only ones able to buy from them. A landlord would sell a $100,000, unit at $75,000, because under rent control it is only worth $30,000, the theory goes...
...working for the state of New York, estimates that 70% of New York City's drug users are affluent. Across the U.S., drug counselors report rising numbers of professionals -- doctors, nurses, accountants, professors -- trying to kick crack habits gone out of control. "We've got Wall Street executives who buy crack in the middle of the day and smoke it in the office," says Alan Horowitz, program director at A.C.I., a treatment center in New York City. "We had one air- traffic controller at J.F.K. airport who was smoking crack on his breaks...
...rich have special problems procuring crack. They often have to make their buys in unfamiliar (and unsavory) neighborhoods, where they are prey to all kinds of rip-offs. Street crack is contaminated with an astonishing variety of chemicals, from amphetamines and meat tenderizers to pesticides. To make sure they are not being poisoned, some users are going back to a process popular years ago. They buy cocaine and convert it into a purer form of crack at home. This dangerous process, called free-basing, involves combining cocaine with baking soda and cooking the mixture. The latest trend among well...
Proponents of the measure, however, contend that it would give low-income city residents an opportunity to buy apartments at a discount rate, because landlords would only have one market for their rent-controlled apartments...