Word: controllable
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Realtors like Meyer stand to gain quite a bit financially, since 1-2-3 would let the new condo owners sell their apartments back when they are no longer restricted by rent control. And owners of these previously rentcontrolled apartments also stand to gain because they would be able to rent at market prices, or resell for an amount considerably higher than the original purchase price...
...come back to the less affluent segment of Cambridge those people who would not be here without rent control. For many city residents, freedom is a very different thing than buying a condo: it means having a home where you can afford the rents and you do not live in constant fear of eviction. These are the very protections rent control offers...
Cambridge stands to lose in all ways from Proposition 1-2-3. As we lose affordable housing, we lose residents and the businesses, restaurants and shops which they patronize. So removal from rent control through condo conversion, whether from within (by current tenants) or without (by new tenants or by landlords) has far reaching economic and social results. The entire neighborhood fabric of Cambridge would change...
...proponents of Proposition 1-2-3 fool you. It is not about homeownership, although phrasing it that way is a clever ploy. Proposition 1-2-3 is a well-funded effort aimed at the erosion of rent-control. Its sponsors are only concerned with the profits that condo sales and resales could generate...
Supporters of the measure claim it will allow thousands of city residents to buy their own homes, while opponents claim the measure could devastate the city's 19-year old rent-control ordinance...