Word: buying
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Dates: during 1970-1979
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...violation, though not large, is more than a technicality. By holding the unit, Harvard prevented any possibility that the home would go on the open market, where the hundreds of Cantabrigians in need of housing would have had a chance at the property. It also allowed the professor to buy the condo at a far lower interest rate than that available to area residents...
Last month, Harvard Real Estate, the University's property management arm, bought a condominium from one faculty member so that another professor could buy it days later. In so doing, Harvard breeched its 1975 promise not to purchase real estate outside its own self-imposed boundaries and revealed its unfortunate willingness to sacrifice its credibility with the Cambridge community for small, short lived gains...
...other problem with condos, the one most often cited by its critics, is that many tenants forced from their homes by condominium conversion cannot afford to buy the new units. Instead, critics contend, they are forced onto public housing rolls or they have no recourse but to leave Cambridge in search of more inexpensive quarters. "The elderly are the ones that suffer the most," city councilor Alfred E. Vellucci says...
...increases the amount of revenue to the city, it improves the property, and last but not at all least, it lets everyone experience the pride of ownership which is a basic American right," Walsh says. "Condos open new gates for people coming in, and since so many old tenants buy them, the price has to be damn right...
...somber. Starbuck meets Nixon and finds the President's smile "like a rosebud that had just been smashed by a hammer." The hero's meditations on money are childlike enough to produce odd insights. On his first morning of freedom, Starbuck leaves his seedy hotel to buy a newspaper. He then has an urge to call up the Secretary of the Treasury and tell him, "I just tried out two of your dimes on Times Square, and they worked like a dream. It looks like another great day for the coinage!" He hears a radio news broadcast...