Last login: Monday, May 7, 2012
“When vacancy decontrol passes,” Epsten said, “the owners will have pride of ownership again.”
-- what she means is: When they 'pay more' they'll 'care more'. 1. That is wrong. 2. If Ms. Epsten truly beleives her own statement why doesn't she simply take up a 'collection' for park improvement? If the residents want new amenities They'll pay for them. If they don't they won't.
The truth is that owners such as Ms. Epsten are the ones that want the new roads and pools so that their property is more valuable. There is nothing wrong about having that motivation, but when you lie about it so obviously I get suspicious about wether you care enough about the well-being your current residents not to use nefarious tactics to get them to vacate when rent control is overturned.
Here is a story out of D.C. showcasing how people who stayed behind after rent decontrol are being forced out through neglect.
Rent control was put in place to curb the predatory practices of land owners. The statements I've heard in the past three months have done nothing to boost my confidence the land owner's desire to continue to provide a place for low income people to live.
May 7, 2012 at 9:15 a.m.
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