Word: condo
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...appeal of caring for the property of others is as varied as the people who take those positions. For Don Davison, 72, a retired banker in Knowlton, Quebec, the decision was strictly financial. "I can rent my condo, which is in a resort area, for three months and make a chunk of change that will help me overcome inflation, since my pension isn't indexed," Davison says. Still, he needed someplace to live for three months. The solution: he took a position as summer house manager at his ski club at Mont Tremblant, in eastern Canada, where he lives rent...
...Condos drive the real estate market,” Cassell says. “The building does need work. How do you get that work? Condo-ization would help pay for rehab...
...second shock to the real estate industry was the decline of the condominium market. Until only about a year ago, the U.S. was crazy for condos. More than 2.5 million units opened in a decade. But that produced a vast excess of supply, notably in California, Texas and Florida. Speculators who had bought condos in the hope of fast price appreciation saw the shakeout coming and dumped even more of them on the market. At the same time, demand was dampened by the maturing of baby boomers, many of whom now aspire to move from condos to split-level suburban...
...designing housing wholesale. What about all the new passengers added to overburdened mass transit? Says Trump airily: "We'll renovate a couple of subway stations, et cetera, et cetera." Planners of housing for the poor realized years ago that isolated high-rise flats foster a dangerous anomie. Condo buyers may be unlikely to join street gangs, but Television City will be an interesting experiment: extreme swank and large-scale alienation, together for the first time...
...long hours, although they have complained that he does not permit his family the free flying privileges that most airline executives give their children. Burr and his wife Bridget, who was a cheerleader for his high school basketball team, occasionally manage to take the family to their ski condo in Park City, Utah, and to a home on Martha's Vineyard...