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Resource ID: #3575
Subject: Real Estate
Source: KPTV-TV (Portland, Ore.)



KPTV-TV (Portland) series shows that city's purchase of downtown hotels for use as low-income housing was a bad deal; cheaper, nicer housing was available a few blocks away, but appraisals were inflated; city seemed willing to pay more than the buildings were worth, May-September 1986.

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