Word: dober
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Dates: during 1980-1989
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...That was an argument based on rhetoric and not too much else," says Kennedy School student and study author Patrick J. Dober of the discount theory. In fact, Dober found, the average discount 1-2-3 would give tenants is a mere 8 percent...
...examining the purchase price paid by pre-1979 tenants for their apartments and comparing it to the estimated market price, Dober came up with the 8 percent figure...
...Cambridge realtor Frederick R. Meyer--Proposition 1-2-3's author--argues that the 50 percent figure is an accurate one. He says Dober's study has a false premise, adding that the Kennedy School student calculated figures in an unorthodox way, resulting in misleading statistics...
...while Dober admits that his study may contain some flaws, he defends his methodology and calls the study the only available empirical data on 1-2-3's effects...
...whole angle on this is that there's been a lot of rhetoric, but this is the only study that's based on actual data of what the market would be," Dober says...