Word: ginsburgs
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...Ginsburg bought the residence at 1 Bryant St.in Cambridge for $126,000 in 1979, receiving a$135,000 mortgage for 40 years at six percentinterest. Seven years later, he sold it for$760,000. Ginsburg's case was unusual because atthe time he was in his fourth year as an assistantprofessor at Harvard Law School. He did notreceive tenure until...
...number of people who bought weren'tnecessarily senior faculty. [Ginsburg] was one ofthose," said Vice President for AdministrationSally Zeckhauser, who directed HRE from 1978 untilshe was promoted to vice president this fall. Shesaid "it was generally the notion of the deans"that the mortgages would go to senior professors,but that Ginsburg's mortgage was "notinconsistent" with University policy...
Doth Zeckhauser and Tandler said the houseGinsburg bought "was in very bad shape" because ithad received heavy use as Harvard's Hillel House.Tandler added that Ginsburg spent more than atenth of the house's value to renovate it. ButZeckhauser said, "I can't say it was all becauseof the condition of the house...the market was notvery good for that type of house [when Ginsburgbought...
Dane Professor of Law Albert M. Sacks, whoserved as dean of the Law School from 1971 to1981, said Ginsburg's mortgage was not unusualbecause in the mid-1970's, most law schoolprofessors with his record and status eventuallyreceived tenure and settled down permanently atthe University...
...thought of him as an assistant professor onthe tenure track...a very fine prospect," saidSacks. In recent years, Law School professors havenormally spent about three years as assistantprofessors before either receiving tenure or beingrejected. But Sacks said Ginsburg's six-year stintas an associate professor "was very usual for thatperiod...