At night, Genpact provides a shuttle service to bring its non-driving employees from the office back to their houses.

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He said the decision by East Lothian Council to buy back old council houses was a rehash of that prejudice.

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"The thinking has shifted from no one is going to buy a house ever again, to if people decide they want to get back into houses, this is bad for apartments, " said Joel Beam, fund manager for Forward Select Income Fund.

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