Though they have many advantages over other forms of property ownership, their future growth will depend, among other things, on whether the stockmarket remains strong, so that they can raise more capital, and whether they retain their substantial tax privileges.For now, however noble their intentions, REITs are too small to stop another development boom on their own.
In Mumbai, the commercial capital, more than 8m people now live in shantytowns, often paying substantial rent for the privilege.
How much traction such rhetoric will sustain among a student body in which half of the members, as of next fall, will be paying a substantial sum for the privilege of being there, remains to be seen.
During the war against the Teutonic Order he was forced to grant the Polish nobility substantial concessions by the Privilege (statute) of Nieszawa (November 1454); these, however, became important only after his death, and royal power was not greatly diminished during his lifetime.
Such privileges are already substantial.
These privileges can yield substantial benefits.
A substantial number of these children of privilege clearly saw "the revolution" as a fashionable game that would be forgiven once timeout was called.
In 1719 the University of Paris, the most important private competitor, gave up its last postal privileges in return for substantial compensation.
Unfortunately the fine art of the drop-in has a fairly substantial blood deposit requirement before membership privileges are extended.
This is perhaps most obviously the case when stakeholders and research participants are located in different countries and demonstrate a substantial difference in levels of vulnerability and social privilege.
For some, that privilege meant traveling long distances, spending a substantial sum or waiting in line for hours.
