UC Selling 50 Former Rental Units to Staffers
From Times Wire Reports
In a county where the median price of a home is around $550,000, how does someone of modest means afford one?
Free Moini, 29, a budget analyst at UC Santa Cruz, found a way. He’s the proud new owner of a two-bedroom condo -- at a cost of $208,500.
Moini is among the first to buy one of 50 condos on campus. The school put what had been rental units up for sale to give campus employees a chance to become homeowners after years of waiting. The waiting list was so long the campus held a lottery to try to be as fair as possible.
