Word: rented
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Dates: during 1960-1969
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...University has won its legal battle to gain control of a building on the edge of the Kennedy Library site, but the building's tenants say they will fight any attempts to raise their rent or evict them...
...fate should I have the privilege of occupying the White House. I daresay, should anyone take this phenomenon to heart, anyone, that is, who aspires to change his address to 1600 Pennsylvania Avenue, that most probably the landlord would be left from 1960-64 with a 'For Rent' sign hanging on the gatehouse door. Sincerely, John F. Kennedy." Last week New York Representative Seymour Halpern, who had acquired the letter from an autograph dealer, donated it to Manhattan's new Library of Presidential Papers...
...construction is expected to involve rehabilitation--paid for by the residents themselves. For the first time, government-insured, low-interest bank loans may be made available in a ghetto area. One idea is to aid groups in setting up non-profit corporations to buy apartment houses; instead of paying rent to a landlord, a resident would pay a pro-rated share of the mortgage (plus a charge for maintenance services) and would wind up own apartment. The corporation could also seek money for rehabilitation, and split the payments on the loan among residents. Planners figure that the cost to residents...
There is a reservoir of demand. In certain cities, housing construction has ebbed so much that builders insist that some types of accommodation are in short supply. In Manhattan, private apartment building dropped to an eight-year low of 2,812 units last year, and rent increases of as much as 10% have become common when leases expire in apartment building units not subject to rent control. "By midyear," says President Irving Rose of Detroit-based Advance Mortgage Co., "the apartment market should be particularly tight in New York City, Detroit, San Francisco and San Jose, Calif...
Apologetic Approach. The longies have been pushed forward by a spritely $10 million campaign launched for Phillip Morris' Benson & Hedges by the hot new advertising agency, Wells, Rich, Greene. Adopting the apologetic approach to advertising that worked so well for Volkswagen and Avis Rent A Car, Benson & Hedges ads point out the difficulties of smoking a 100-mm. cigarette. They burn beards, get crushed in cigarette cases, smashed in elevator doors, mashed against closed car windows, and one ad warns: "Please hold this magazine a little further away if you're smoking Benson & Hedges 100s." On the other...