Word: decontrolling
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Graham referred to City Councilor Alfred E. Vellucci, who last week submitted an order in the City Council to instruct the city manager and city rent control board to decontrol rents on all apartments that become vacant...
...energy-but the effort needs an undisputed leader. A more pressing question-how long to maintain price controls on domestically produced oil-is also hanging fire. Morton and Simon last week advocated a quick start on phasing out the controls. Sawhill, who administers the controls, insists that rapid decontrol would be inflationary...
...commission looked at alteration permits granted by the city Building Department for major building improvements. In 1969, 1809 such permits were issued, and in 1970 the total was 1432. But in 1972, the first full year of vacancy decontrol, only 872 alteration permits were issued. In 1973, there were 903 permits...
...recent report by New York State's Temporary State Commission on Living Costs and the Economy shows just how fallacious this idea is. Under a state "vacancy decontrol" law enacted in 1971, rent controlled apartments in New York City are automatically "decontrolled" as soon as the tenant moves out. This law has resulted in sky-rocketing rents in decontrolled apartments. But according to the commission's report, vacancy decontrol has "failed to spur" landlords to make major improvements in their buildings. In fact, the level of major improvements has fallen off significantly since vacancy decontrol began...
What the New York report shows is that rent decontrol means extra profits for landlords, not extra money for building improvements. The same thing would be true in Massachusetts if rent control were repealed here...