Word: co-op
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Throughout the country, in cities like San Francisco, Houston, Washington, Atlanta, Milwaukee, Chicago, New York and Boston, apartment dwellers are getting surprising messages as more and more rental buildings in desirable neighborhoods go "condo" or "co-op." The owner of a cooperative buys shares in a corporation that owns his entire building and land; the number of shares depends on the size and desirability of his apartment. By contrast, a condominium buyer owns his apartment outright and has joint title with the other condo owners to the land surrounding his building...
Though most apartments are being converted to condominiums, cooperatives traditionally have been much more popular in New York City. In a fairly typical example for that city, a couple bought a seven-room co-op on Manhattan's Upper West Side for $16,000 when the building was converted five years ago; last summer they sold it for $75,000. From 1974 to 1978, the average price per room in New York City luxury buildings jumped from $11,000 to $19,000. In that four-year period, the number of applications filed with New York officials to convert apartment...
...dirty and noisy, in fact, that it prompted residents of nearby 1705 Mass. Ave--a Harvard-owned co-op building for 13 Dudley House students--to ask Charles P. Whitlock, master of Dudley House, to take steps to make their building habitable...
...yesterday the MBTA plans to meet with its construction contractor to suggest revisions in their construction plans. Although an agreement will have to be hammered out, Leary said, the agency will suggest that only 30 to 40 per cent of the dirt come up next door to the Dudley Co-op...
...Brill, the Teamsters are a metaphor for American society. The Harold Gibbons chapter that closes the book brings this out even more than the stories of the two rank'n'filer Teamsters. Gibbons was a socialist St. Louis Teamster leader, who pioneered in providing his members with a food co-op, his retirees with low-cost subsidized housing, St. Louis with mass transit, and who even supported busing to help eliminate segregated schools before the 1954 Supreme Court decision. And Gibbons supported McGovern in 1972 against the Teamster tide for Nixon. But he backed down when it came to challenging...