Word: landlords
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Dates: during 1980-1989
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First, you assume that prices for tenants who might choose to purchase their homes would be $100,000 or, perhaps, $75,000; and then assert "most people can't afford $75,000, either." But the binding prices already offered by the largest landlord in the city are lower than that: 3/4 of the prices are below...
Third, you attack motives, suggesting financial greed, slyness, and deception. As the sole author of Proposition 1-2-3, I resent that inappropriate attack. I am a real-estate broker, but not a landlord. I don't own or manage one rent-controlled apartment; and no broker is needed for a landlord to sell to his own tenant...
Section 1. Any tenant who has occupied a controlled rental unit for a period of at least two years shall be entitled to purchase and occupy his or her unit as a condominium unit owner, if tenant and landlord both so agree...
...Proposition 1-2-3 will end rent control forever," VanIngen says. "If rent control goes out, I'm sure my landlord can get $1200 for my apartment and I don't know what...
...tenant is living in a condominium and he wants to buy it and the landlord wants to sell it, then I don't see any reason why he shouldn't be able to," Morgan says...