Word: renting
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...Rent control--which has existed in Cambridge since 1970--was abolished by a statewide referendum on Election Day. The state legislature this week passed an emergency act that would preserve rent control for certain low-income tenants in Cambridge, Boston and Brookline for a maximum of two years...
...councillor says the city must emphasize home ownership as rent control ends in the city...
...Politicians have benefited far too long from a system which places the burden for subsidizing [tenants] on property owners," the councillor adds. "Rent control hasn't afforded people the opportunity to own their homes...
Galluccio says he feels that rent control resulted in "gentrification" and has "artificially inflated" market values for housing in Cambridge...
...believes Harvard and M.I.T. have gotten off easy under rent control, despite the large pool of their students in need of affordable housing...