Word: condoe
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...turn the tapes off and figure out for yourself why the other correct answer was the better correct answer. It's comforting to know that the money you have paid for the tapes you don't use is going toward a snazzy new kitchen set for Miriam's condo in Palm Springs...
Once they become part-time owners, people sometimes find that their dreams turn into nightmares. During a year, dozens of families can wind up occupying a unit, with some stealing the linen or perhaps wrecking the living-room sofa and thereby adding to upkeep costs. Says Barney Logan, a condo dweller in Honolulu, whose 47-unit building now includes about a dozen time-share apartments: "When we first came here, nothing was said about time sharing. Then the flood started. There was overuse of utilities, maintenance costs went up, and sometimes you couldn't even get an elevator, there...
Some time-share management companies have gone bankrupt, leaving the hapless owners helpless. In picturesque Estes Park, Colo., the historic Stanley Hotel was converted into a time-share condo project, and more than 2,000 units were sold for $5.5 million. In 1979 James Quincy, a Colorado real estate promoter, stepped in and bought the company. The project went bankrupt in 1980, leaving the building effectively unmanaged until 2½ months ago, when it reopened under new management...
With Independent councilor Walter J. Sullivan returning from vacation by next Monday, his coalition, which opposes the CCA on the condo conversion issue, could move to reconsider the proposal. But councilors said last night it is unlikely Vellucci will use his swing vote to give the Independents the majority necessary for reconsideration...
...spokesman for the Massachusetts Tenants Organization, a leading proponent of the bill, noted that 27 communities have attempted to establish some sort of restrictions since 1980, and that 21 have been hindered by state laws and court rulings Cambridge's anti-condo law has met repeated legal challenges...