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Fear the Co-Op Board

Relates the Observer, "After signing a contract on the co-op, the thirtysomething attended the board interview, only to discover that the president of the board had snatched up the place under a provision allowing share owners the right of first refusal on apartments in the building." And now, the kicker: "Her chagrin was understandable, especially since the live/work loft had 24-foot ceilings, a skylight and a mezzanine."
· The Art of Looting [NYObserver, 3rd item]