Word: costly
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Dates: during 1960-1969
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What Cambridge needs in more housing, particularly more law rent housing, to relieve immediate needs, but also higher cost housing to avert such potential pressure on the present low-rent stock. Rent control should be considered in the light of its effects on the overall housing stock of the City, and effect, at least in the long run, is likely to be negative...
...City would fall under rent control and how many would remain exempt. The pressure on housing created by the lack of new construction would flow in many directions, but in any case this stagnation would have important implications--ones seemingly ignored by the referendum campaign--on the cost of all types of housing available in Cambridge...
...OTHER HAND, rent control were to be envisioned and presented as only a short term, stop-gap measure clearly subordinated to a drive for more low-cost housing, it might well aid the overall housing situation in the City. A four year period of rent control, for example, might protect to some extent the elderly, and others hardest hit by rent increases without doing irreparable damage to Cambridge's housing supply. If rent control were instituted, and a pledge was made not to try to renew it if a given number of low-income housing units were constructed...
...response of the large institutions and the city government to the plight of the poor has been inadequate. Efforts have been misdirected and poorly coordinated. Last Monday the City Manager announced the formation of a task force to mount a coordinated effort to find low cost housing sites. But even if this effort is a success it will be several year before its effects are felt, and by then it may be too late...
...discourage the building of new housing. Landlords try to advisor making any improvements since they have a difficult time raising rents because of them. These are experiences which cities like New York have has with rent control, and they have laced many people to emphasize the need for low cost housing instead in rent control...