Word: selling
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Dates: during 1980-1989
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...processors." But ranchers generally welcome the Japanese beef boom because the export sales will help revive a depressed industry. Per capita beef consumption in the U.S. has fallen from 94.2 lbs. in 1976 to 72.7 lbs. last year. The Japanese investment should also be a boon for Americans who sell supplies and expertise to the new beef barons. Says John Morse, president of Selkirk Ranch: "The Japanese are willing to pay a premium for people who will raise beef the way they want to produce...
Surprisingly, that low rate of homeownership is required by local law. The vast majority of tenants are forbidden by city ordinance from buying their own apartment, even if they wish to buy it and their landlord wishes to sell it to them. (The only current exceptions are owner-occupied one-, two- and three family homes, new construction, and tenants who were lucky enough to have moved into their apartment before August...
Proposition 1 says that if you have been a tenant in a rent-controlled apartment for two years, and if you wish to buy your home (and if your landlord wishes to sell it to you), you can do so. Under Proposition 1, you will not be required to buy. If you prefer, you can continue to rent forever at a low, rentcontrolled rent, just as you can now. But under Proposition 1, you will be given your choice...
Since you, the tenant, will be the only person in the world who can buy that rent-controlled apartment (your own home), you have unique bargaining power. Many landlords have indicated to me they would be happy to sell for about half-price (half of what the market price would be, were there no city restrictions...
...fair to belittle homeownership by labelling it greed? After all, most existing homeowners in Cambridge do not sell their homes primarily to make money. They sell when they have to, for personal reasons, like moving to a new job. There is no reason to insult tenants who may buy under Proposition 1 by suggesting they will behave any differently from other homeowners. All should be treated equally...