The Impact Of Removing Rent Control
"...There was a mass exodus from Cambridge after [rent] controls were lifted in 1995. Their reasons for moving were varied rent increases, condo conversion but the vast majority of tenants who sought relief from the citys Housing Assistance Office and local tenant organizations had had no previous plans to move. A January 1998 Atlantic Marketing research study commissioned by the city showed that rents increased by 54 percent in formerly rent-controlled apartments and the rate of condo conversions soared to mid-1980s levels."
Thanks to National Housing Institute