Word: condominium
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...Cambridge tenant. He is in his late twenties and has lived in a rent controlled apartment for the past five years. His salary is $17,500. Last Saturday he received a note in the mail stating that his apartment had been converted into a condominium. What should he do? Should he buy? Fight? Move...
Harvard will also point out that the ordinance was originally designed to prevent condominium conversions, not renovation for office space, Zeckhauser said...
...study also shows (in sharp contrast to a city study done two years ago) that most of the people displaced by condominium conversions in the city will be low-and moderate-income or elderly...
...recently passed city law, under challenge in district court, has apparently "dampened" condominium conversion in the city by requiring developers to obtain permits, Brian Tracy, one of the authors of the study, said yesterday...
...city study two years ago on condominium conversion concluded that the displaced tend to come from the same socio-economic bracket as those who purchase the condominiums...