Word: renting
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Dates: during 1980-1989
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...slate's formation also splits the Independents into at least two other groups: old-line Independents like Councillors Walter J. Sullivan and Thomas W. Danehy, who base their support on neighborhoods, and protenant candidates like Timothy J. Toomey, Jr., who support rent control and oppose...
...Rent control: Supports...
Under common mortgage-lending standards, people can pay three times their salary for a home price. $70,000 is three times a salary of $23,333, which is below the median income for rent-control tenants. So Proposition I really does provide a choice of affordable homeownership...
...such an exemption for tenants allowed to buy under Proposition 1. Just because we support a choice of homeownership does not mean we want the city to subsidize it, in any way. Instead, the plan is for the new homeowners to help other people, who need help paying their rent...
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...