Word: renting
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Dates: during 1980-1989
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Proponents of 1-2-3 counter that owners will offer discounts to tenants, who are the only ones able to buy from them. A landlord would sell a $100,000, unit at $75,000, because under rent control it is only worth $30,000, the theory goes...
...proposal will adversely affect low-income tenants in another way as well. A reduction in the supply of rent control apartments will force more people to the market of non-rent controlled apartments. More demand there will mean higher rents across the city. No wonder the Cambridge Tenants' Union opposes...
...Rent subsidies and new affordable housing are worthy causes. There is no reason why they require voting for Proposition...
THERE are problems with rent control that need to be addressed. It is a shame that much of the political debate has focused on Proposition 1-2-3 and not on how to refine rent control or replace it with a fairer system...
Proposition 2--in some form--is one such refinement that merits additional investigation. Now, families who rent out their houses while they go abroad have a hard time reclaiming them when they return--because the rent is controlled. Proposition 2 solves the problem by exempting private home rentals from rent control altogether, but a more equitable arrangement could allow greater flexibility for families who wish to reclaim their homes...