MassLandlords Testimony Against Boston Rent Control Docket #0408
Posted in News - 2 Comments.
On Feb. 21, MassLandlords drafted and filed the testimony below opposed to Boston mayor Michelle Wu’s Docket #0408, which would enact rent stabilization (really, rent control) and tenant eviction protections.
The testimony might surprise readers not familiar with MassLandlords’ mission to create better rental housing.
First, we argue that the primary flaw with rent control is its disparate impact on the basis of race. This argument ought to resonate with Boston residents better than the equally valid economic arguments about housing quality and supply.
Second, we point out the corrupting influence of money on this developer-friendly scheme. Developers are exempt for 15 years, whereas landlords who conduct similarly massive renovations are not. Why? Because landlords are not campaign donors, it would seem.
Finally, we show how the council can have a form of rent control-turned-rental assistance that landlords can live with. Under General Law Chapter 40P, towns can reimburse owners for the damage caused by rent control while still giving absolute price locks to residents, if they choose.
Zoning reform and rental assistance remain our primary recommendations in this housing crisis.
MassLandlords remains comprehensively opposed to Docket #0408, which penalizes renovations, imposes rent control boards, and enacts just cause eviction.
This was filed with Boston city council Feb. 21.
2 Responses to MassLandlords Testimony Against Boston Rent Control Docket #0408
I think that we should speak out loudly about the fact from the Massachusetts Institute of Technology report on the Republic of Cambridge that rent controlled property values decreased and non rent controlled property values increased. Think higher property taxes for the non rent controlled properties. ” There ant no free lunch.” Someone must pay to support the city.
I think that we should speak out loudly about the fact from the Massachusetts Institute of Technology report on the Republic of Cambridge that rent controlled apartments had less than 8% of tenants who qualified for a 2 year extension. One reason was that the Mayor of Cambridge and many others lived in a rent controlled apartments.