3 ms·
As I understand, they are bonding the equity in the house, not the property itself. So there's not necessarily a contradiction - as I understand, the faculty ca
by smsm42 4y ago
As I understand, they are bonding the equity in the house, not the property itself. So there's not necessarily a contradiction - as I understand, the faculty can still accumulate equity, and if the government needs it, it can force the sale to an eligible buyer (e.g. the university) and seize the proceeds.
- gnicholas 4y agoYeah, I agree that it's probably something like this, and the NYT's reporting is just a bit sloppy.