Word: interest
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Dates: during 1970-1979
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...technicality. By holding the unit, Harvard prevented any possibility that the home would go on the open market, where the hundreds of Cantabrigians in need of housing would have had a chance at the property. It also allowed the professor to buy the condo at a far lower interest rate than that available to area residents...
Walsh can run down a laundry list of pro-condo arguments. "It gives people interest in the city as taxpayers, it increases the amount of revenue to the city, it improves the property, and last but not at all least, it lets everyone experience the pride of ownership which is a basic American right," Walsh says. "Condos open new gates for people coming in, and since so many old tenants buy them, the price has to be damn right...
VANCOUVER, British Columbia--John Kenneth Galbraith, Warburg Professor of Economics Emeritus, said yesterday raising bank interest rates to control inflation are "one of the major economic mistakes of our time...
...Chase Manhattan Bank in New York, the third largest bank in the country, earlier this week raised its prime interest rate to a record high 13 per cent...
...only way that we could get the new faculty member (Jules Brody) the 6 per cent interest rate that we offer under the Cambridge Option plan," Zeckhauser said, referring to the University's latest program for providing financial assistance to faculty members purchasing property in the Cambridge area. "He couldn't be on hand to get the property for a few days," she added...