Word: renting
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...demographics of Cambridge have been changing for the past half-century, according to Duehay, not just in the four years since the end of rent control...
...result, the city instituted rent control in the 1960s, a hugely popular reform according to Koocher...
...recent growth in biotechnology and information services has generated a lot of new wealth in the city, pushing property values even higher. According to Duehay, the end of rent control compounded the problem...
...Some people] cannot afford to live in Cambridge [any more]," Duehay says. "It's becoming more of an upper-middle class than a diverse community, and that is inevitable with the loss of rent-control...
Many say the demise of rent control has caused the breaking of community bonds and the loss of economic diversity...