Word: condos
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...Court last month upheld the ordinance in its first legal test, despite the objections of city developers who said the law represented a "confiscation of property." Further legal battles are expected, but for now the law is doing just what its proponents had hoped--dramatically slowing the rate of condo conversion...
...study released this winter by Design School students showed just how high the stakes are in the condo battle. An examination of every apartment building in Cambridge showed, the students reported, that half of all rental units would be condominium units by 1990 without government intervention. Half of current tenants would not be able to purchase their converted apartments...
...city's new "condo class"--wealthy suburbanites returned to the city--could also change the political system, too. Younger and more fiscally conservative than many of the neighborhood politicians, they will become more powerful as their numbers swell...
...mean a sheriff's sale?" I knew how much Featherless prized his chattel, especially his condo at Yosemite Apts. and his Tempura sports car, with a five-speed balance of payments...
...biggest challenge to rent control and condo limits may come in the courts. Rent control without the condo ordinance would probably do as much harm as good, tempting landlords to convert their units in search of peace and, presumably, more money. The first court fight on the ordinance began within months of the law's passage. It reached court for the first time last week. Both sides vow to keep fighting no matter what the outcome at the first judicial level. "I have felt for a long time that legislation would probably not survive the decade. What we are trying...