Word: landed
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Dates: during 1960-1969
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...NOBLE LAND should repeat after stunning race in slop, OLYMPUS II comes off powerful conditioning race where it finished second, TANTEO was not allowed to run in last effort...
...unique to Cambridge. We have intense pressure on existing housing, and inflation in the price of it. We have a relatively inactive new construction market, in spite of intense demand. Part of the reason for this is that Cambridge is already a densely developed city, Scarcity and cost of land on which to expand the supply of housing is a constant barrier. We have families forced to leave Cambridge, or to tolerate poor housing conditions at continually increasing rents, because they have no other choice. I purpose tonight to face the housing crisis and a pledge to do everything...
...private market will not produce under any circumstances--housing for the elderly on small, fixed incomes, for large families and families with limited incomes who cannot pay the price the market must charge. But as I have noted, there is a limit to the amount of new construction that land in Cambridge, developed to its highest tolerable density, can support. Not everyone can live here; there will inevitably have to be hard choices made. There is no choice to be made for or against a 'free" market; no market in a just society has ever been free to abuse...
...element of it emerges clearly. The most direct way we can insure an adequate supply of housing at reasonable cost is to produce one. We must stop talking about "low-cost" housing, at least in the short range; there simply is no such thing, given the high costs of land, labor, materials and mortgage financing. What we can prouce is housing for for low and moderate income families. The only way we have to do that, at present, is to build housing whose cost to those who live in it can be reduced with public money to a level consistent...
Second, the universities should adopt and announce publicly a policy, of no future acquisition of residential property in Cambridge. They should pledge maximum development of land now held in institutional ownership before other, nonresidential, land is acquired. Clearly, corporation with endowments in the hundreds of millions of dollars do not need Cambridge real estate as part of their investment portfolio. They should be prepared to accept the costs of maintaining rents at moderate levels, in housing units they have already acquired for future development, as a cost of doing business...