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Derationing, decontrolling, rehousing, safeguarding the precarious balance of payments these were relatively noncontroversial policies; only the return of nationalized steel and road transport to private hands aroused excitement.
A According to Dov Treiman, a Manhattan lawyer, when the owner obtains an order decontrolling an apartment for high rent/high income, the owner must offer the tenant a first lease at a rent not in excess of the market rent.
At a late-night meeting, he and a colleague, David Lipton, sketched out some ideas for decontrolling prices immediately, stabilizing the currency, cancelling foreign debts, and, eventually, privatizing state-owned enterprises.
Renee Steinhagen, executive director of the Public Interest Law Center, said that what Applied is essentially doing, with the consent of the state, is decontrolling 80percentt of the apartments, which had been controlled first by HUD and then by the Department of Community Affairs, or D.C.A.
"By decontrolling those apartments," Mr. Ng said, "the sponsor has substantially diminished the ability of the remaining tenants to negotiate effectively because it's a lot easier to convince unregulated tenants to buy their apartments or to evict them at the end of their lease if they don't".
The Republican economic program of the 1980s also fought against government-imposed restrictions on economic activity: decontrolling energy prices, for example.
Similar(52)
You can hear the echoes here of what a 1930s debate over liquor sales must have sounded like; imagine a 1930s social conservative arguing that if we decriminalise alcohol, it will gradually lose its stigma, and somewhere down the line Big Liquor will pressure the government to decontrol sales entirely.
State subsidies on many items were reduced, prices were decontrolled, and the private ownership of industrial and commercial enterprises and of farmland was legalized and even encouraged.
If we were gone, the building would be decontrolled.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that effective June 24, any apartment that was vacant or that becomes vacant, and for which the legal rent is $2,500 or more, is decontrolled.
Legislators who created the 421-g program always intended for the units to be decontrolled when they hit the $2,000 mark, he said.
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