The president of the New School in Manhattan is about to lose an extraordinary perk: a five-story West Village townhouse that for decades has served as the university head's official residence.
We can't even wrap our heads around what would it be like to live in a $20 million house, said Annie Larson, a union leader and adjunct professor at the Parsons School of Design.
To stay healthy, some have sought to sell off real estate assets to shore up their balance sheets.
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