Word: condominium
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Europe was quite pleased to find shelter behind that power, concentrate on building its prosperity, and complain that the U.S. was overbearing and probably plotting condominium with the Soviets. Now that the power balance is no longer clear cut and the American nuclear shield no longer as protective, no one can blame Europe for trying to be realistic. But would in not be the better part of realism to seek, instead of accommodation and special deals with the Soviets, joint measures against them? That may be easily said on the American side of the Atlantic but not so easily...
...Condominium is a fighting word in Cambridge--say it in mixed company, tenants and bankers, for instance, and an argument is guaranteed...
...study released this winter by Design School students showed just how high the stakes are in the condo battle. An examination of every apartment building in Cambridge showed, the students reported, that half of all rental units would be condominium units by 1990 without government intervention. Half of current tenants would not be able to purchase their converted apartments...
...next problems with the low-interest mortgages, Sullivan explains, is that they create more capital for the type of buyer who would purchase a condominium, thus "accelerating the trend toward condominium conversion" that city leaders fear will kill Cambridge's diverse neighborhoods. A breakdown of the 22 purchases under the program show that 12 of the units purchased have been condominiums or co-ops; city regulations limiting new condominium conversion, however, may make that less of a problem in the future...
...city filled out, Harvard and other university expansion became an issue, more for anguished protest than substantive reform. And now the city faces tough fights to preserve its neighborhoods in the face of condominium growth and its government in the face of tax cuts. History help ease the gloom, though. As one city official says, "From 1630 on, we've been in some kind of trouble and we're still here. That must mean something...