Word: tandler
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Walsh would not discuss his conclusions, saying that he could not draw any because Harvard Real Estate comptroller Sheldon Tandler, who conducted the tour, would not let him bring along an appraiser. Walsh said he would meet with the appraiser later last night to discuss his impressions...
...years later, Tandler said, Harvard beganto run out of buildings to sell to faculty, andcreated the Cambridge Option Plan. Under thisprogram, Harvard gave below-rate loans to facultymembers who wanted to buy homes in Cambridge.Again, if these professors chose to sell theirhomes, Harvard would have the first chance to buythem...
...Tandler said the two mortgage plans were meant"to provide incentives to certain senior facultypersonnel," and that the programs, which are stilltechnically in effect, "are only available totenured senior faculty with the approval of thedean of the faculty...
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...
According to Tandler, Harvard had about 30houses available for faculty members to buy whenit started the program...