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Buying Not the Way to Go?

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CNN chief business correspondent Ali Velshi has purchased a condo at 205 West 76th Street's the Harrison for $1.85 million, the Observer reports. Velshi was following the advice he dished out in last year's Gimme My Money Back: Our Guide to Beating the Financial Crisis. And Velshi's karmic reward for putting his money where his mouth was? CNN relocated him to Atlanta. His new plan: renting out the Harrison pad and finding a smaller Manhattan place to rent for himself. [NYO]