Word: musts
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Dates: during 1960-1969
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...must point out that we do not simply have a housing problem in this city. We have a markedly abnormal real estate market, influenced by forces unique to Cambridge...
...problem is of long standing and is becoming increasingly worse due to the inflationary spiral and also forces particularly peculiar to Cambridge. A figure that must be kept constantly in mind in evaluating our present condition is that almost 85% of the housing units in Cambridge are over 40 years...
...must point out that we do not simply have a housing problem in this city. We have a markedly abnormal real estate market, influenced by forces 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...
...natural consequence of the fact that more people want to live in Cambridge than the number of units available can absorb. New construction to expand the supply of housing is a need for the highest priority, but not simply so that more people can live here. We must protect the ability of long-term residents of Cambridge to stay here. What we must do, as a matter of public responsibility, is to insure that housing is produced that the private market will not produce under any circumstances--housing for the elderly on small, fixed incomes, for large families and families...
...City government's role in housing is complex, but one 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...