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How can we afford a new house for the President, and buy land in Warren County, if we are having financial troubles?

April 26, 2017afford buy financial House land president troubles warren county

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How can we afford a new house for the President, and buy land in Warren County, if we are having financial troubles?

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Those purchases are investments, intended to generate income through eventual sale. The properties are included in the university endowment, and their purchase is part of a strategy to diversify the endowment by investing in things other than stocks.