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Tenants in a cooperative merely own stock (based on the size of their apartments) in a parent corporation, which pays for the mortgage, the taxes and upkeep of the property. In a condominium, on the other hand, the tenant has title to his apartment, just as if it were a house. He arranges his own mortgage, thus may have to put down only, say, $10,000 of his own money on a $50,000 apartment. Co-op buyers customarily have to pay all cash, since the building is already mortgaged, though some coops permit buyers to make a down payment...

Author: /time Magazine | Title: The Apartment: Co-ops & Condominiums | 4/17/1964 | See Source »

...only justification 'Cliffies could see for ending off-campus housing was their expensive upkeep. "But maybe each of us could write to an alumna for money--it's worth it!" exclaimed one girl...

Author: By Faye Levine, | Title: Cliffe Spirit Storms as Off-Campus Houses Face Proposed Destruction | 3/19/1964 | See Source »

...whole thing could be duplicated for about $25,000-$10,000 for the bubble, $4,500 for the asphalt base, $10,000 for the vinyl grass. In comparison, a real grass court, even without the bubble, costs about $25,000 to construct and requires the additional expense of upkeep and maintenance. The Forman court, if damaged or worn bare, can be replaced easily square by square. The new surface is already considered so successful that Manhattan's Little Red School House is currently interested in installing an outdoor vinyl playground, and other schools are considering using the surface...

Author: /time Magazine | Title: Recreation: Tent Tennis | 1/31/1964 | See Source »

Pusey told a press conference that Harvard would deed several acres for the library to the federal government. Although money for the memorial will be raised by public subscription, funds for its upkeep will be forthcoming under federal legislation, and the Bureau of Archives will provide a staff. The Truman and Eisenhower Presidential libraries are maintained in this...

Author: NO WRITER ATTRIBUTED | Title: Harvard, Kennedys Launch Drive To Get $6 Million for JFK Library | 12/6/1963 | See Source »

...adjustment fund will be created from surplus rental money not used for upkeep of the Houses. It will be used for needy students who do not hold scholarships, as well as for those who have lost them because they are on probation...

Author: NO WRITER ATTRIBUTED | Title: Glimp Would Have Masters Adjust Rents | 10/19/1963 | See Source »

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