Word: would
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Dates: during 1980-1989
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...arguing that the city had almost no idea of the actual worth of the property. Unlike the majority of the City Council, they did not simply place their trust in the developer's promise that the deal was a fair one. Two more years of a little healthy suspicion would serve the council well...
Rent control in Cambridge isn't perfect. But its problems--especially the bias towards wealthier tenants--would only be exacerbated by the passage of the referendum. In the guise of increasing tenant "choice" and increasing the supply of affordable housing, Proposition 1-2-3 seeks to make a financial killing for Cambridge landlords at the expense of some of the city's poorest residents...
...supply of rent-controlled apartments in Cambridge has remained relatively stable since then. Rent control has protected an economically diverse community from the ominous specter of gentrification. Without rent control, apartments would be rented and sold to the highest bidder, and poorer city residents would be forced to leave...
THESE economic incentives for the real estate industry to abolish rent control have only increased. The average rent-controlled apartment is valued at $25,000, according to both sides of the 1-2-3 debate; in the free market, these apartments would sell for more than $100,000. Large landowners stand to make millions of dollars, if only Cambridge voters would let them...
...only those who can afford to purchase a $100,000 unit. Those who can't will have a harder time finding an apartment, as owners who want to sell their rent-controlled units at a high price will have increased incentives to rent to the rich. The situation would largely revert to the ominous pre-1979 trends...