Word: renting
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...referendum, which carries the force of law, will affect Cambridge, Boston and Brookline, the three communities in Massachusetts with rent control. It will allow landlords to raise rents at will...
After January 1, communities will only be permitted to adopt rent control for six months, and only for units whose rents are $400 or less and whose owners possess 10 or more units. After six months, landlords cannot be forced to continue rent control...
...Cambridge, 14,415 rent-controlled apartments, more than a third of all units in the city, are likely to go on the open market. While Harvard has remained neutral on Question 9, Harvard Real Estate, the University-affiliated owner of 709 of those units and the largest landlord in the city, stands to gain considerably from the rent increases...
...rent control activists, led by the six-month-old Save Our Communities Coalition (SOCC), vowed Slast night to bring the issue to the Massachusetts legislature and the courts. The state could conceivably reinstate the program...
...activists celebrated their victory late last night at the Veterans of Foreign Wars post in Cambridge. Landlords believe that rent control makes property repairs unaffordable, and have railed against the complex regulations of city rent control boards. They charge rent control is abused by citizens who can afford market rents...