As Condos Take Over, Apartments and Affordable Rentals are Fading into Obscurity

Newburyport was once a city where a wave, a passing smile, or a borrowed cup of sugar was just another way of saying, “We’re in this together.” It was a city where landlords lived among their tenants, not removed from them. Before property portfolios replaced neighborly gestures, it was a place built on familiarity not speculation. 

But now? 

The landlords are LLCs with corporate addresses and the warmth of community has been swapped for investment potential. As the tide of rental to condo conversions sweeps through Newburyport, swallowing century-old apartment buildings whole, renters are vanishing. Look at the trend: According to city records, in FY 2000, Newburyport had 127 apartment buildings with 4 units or more. There are now just 80 apartment buildings with 4 units or more, totaling just 747 rental apartments. 

For comparison, Newburyport currently has: 

Condo units…2,437 dwelling units.
Single family units…4,461 dwelling units.
Two family units…524 dwelling units. 
Three family units…150 dwelling units.

(A dwelling unit is a home. It is not the number of occupants.)

Imagine that X was the last tenant in Newburyport. She or he goes by X because renters are often afraid of interacting with local government. The fear isn’t irrational. Retaliation, bureaucratic indifference, and the risk of being labelled “troublemakers” can deter even the most frustrated renters from speaking up. X had watched neighbors pack their lives into rental trucks, forced out by the latest LLC acquisition. X had listened to the Affordable Housing Trust assure the public that middle-class renters were still a priority, even as the list of apartment rentals quietly shrank to a footnote. The city called the situation “unfortunate but inevitable.” Market forces were cited. X was likely unaware that the City of Newburyport receives more property tax revenue from condos than it does from rental units–hence, the city’s administration has a financial incentive to develop more condos, and reduce affordable housing.

“Market forces”?  Nothing more than an excuse to let developers dictate policy while pretending economic hardship is natural—a convenient shield for politicians, landlords and developers who want to avoid responsibility. Or hide from it while framing displacement, skyrocketing rents and mass terminations of renters as inevitable rather than their own deliberate choices.

These fortunate new arrivals did not build Newburyport. They acquired it–polished, refined, and packaged for consumption. Sculpted to mirror their preferences. They sought predictability. Unburdened by inconvenience. A homogeneous living experience. The fortunate new arrivals embraced exclusivity and the quiet removal of complexities. Complexities like the working class, the unpredictable rental markets, and the messy reality of affordability. The fortunate new arrivals recognized that walls, both seen and unseen, offer protection, however illusionary. They did not seek confrontation with displaced renters or struggling families. They simply chose not to acknowledge them. The fortunate new arrivals invested in “history” reimagined without the hardship. Jewelery stores, boutique storefronts and real-estate offices now take the place of many retail shops. 

Whispers of progress without disruption. A city where government policies reflect preferences, portfolios, and a curated vision. No rent stabilization. No tenant protections. No public discourse. And above all, the fortunate new arrivals move forward with serene detachment. They watch as affordability is revised, rewritten and quietly erased. They bought in. They paid for peace. They expect nothing less.

X moved out of Newburyport. The condos opened, and nobody spoke of The Last Renter again. Except, of course, in whispers among those who still wonder where young adults and middle-class families are supposed to go.

Walt Thompson
Newburyport resident

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Comments

8 responses to “As Condos Take Over, Apartments and Affordable Rentals are Fading into Obscurity”

  1. Excellent article – 👏

  2. My rental building is currently up for sale and boy does this piece really hit home right now. Will the new owners keep us as tenants? What will the rent look like once it is purchased? I’ve lived on the North Shore/in the Merrimack Valley all my life and I feel like I’m about to be priced out. It feels wrong.

    1. This is all very well said. Being a renter, I cannot imagine what would happen to me and my daughter if the building gets sold. Nobody wants to build apartments. Most renters can’t afford a condo or they wouldn’t be renting. It took me over 10 years to earn enough money and to find an apartment in NBPT that I could afford to rent. I wanted my kid to be raised in this school system.

    2. Walt Thompson Avatar
      Walt Thompson

      Which building?

      There are now just 79 rental apartment buildings in Newburyport with 4 or more units. That is about 747 units total.

      I am trying to get City Council to act on reforms. Am trying to get engagement by Councilor Heather Shand, Chair of Planning & Development Committee to update an existing city ordinance on rental to condo conversions:

      An ordinance requiring advance notice to renters before condo conversion is being bypassed when rental buildings are sold to new owners prior to conversion.

      [The city of Newburyport has an ordinance which specifies a 2 year advance notice to renters (4 years if renters are low income or handicapped) before rental units can be converted to condos.
      https://library.municode.com/ma/newburyport/codes/code_of_ordinances?nodeId=PTIICOOR_CH5BUBURE_ARTVIIICOCO%5D;

      – The Affordable Housing Trust (AHT) lacks renter representation and has failed to intervene in cases like 105 State Street, despite its mission.

  3. Newburyport GaaG Avatar
    Newburyport GaaG

    About a month ago, I was researching something in our code of ordinances and stumbled upon on a “finding of fact” from October 31, 1988.

    In a somewhat unusual move, the city council included context as part of its ordinance.

    ~ Jean

    Sec. 5-251. – Findings of fact.

    The city council finds and declares that a serious shortage of affordable rental housing exists in the city. This shortage of housing constitutes an acute rental housing emergency requiring local action on account of all of the factors set forth in M.G.L.A. c. 183A, and the factors set forth below. One (1) of the factors contributing to the shortage of such rental housing is the conversion of existing rental housing units to the condominium or cooperative form of ownership. Such conversion removes rental units from the local housing market at existing rents and if such units are reoffered to the rental market after conversion, the amount of the monthly rents requested is often significantly higher than the preconversion rent. The shortage of affordable rental units constitutes a serious threat to the public health, safety, and the general welfare of all of the citizens of the city. Therefore, it is necessary to deal with this emergency immediately.

  4. Walt Thompson Avatar
    Walt Thompson

    There are solutions. Solutions require a willingness to put empathy into action. Developers are driving decision making.

    Renters and other interested residents have two options.

    (1) Contact the current mayor of Newburyport.
    Sean Reardon SReardon@newburyportma.gov

    (2) Contact City Council of Newburyport. citycouncil@cityofnewburyport.com

    The Affordable Housing Trust has no authority.

  5. I lived in that building. Waiting to get into James steam as I’m elderly. So disheartening and extremely stressful to have had to pull up stakes with no rights , it seemed. Was not going to be a squatter. I tried calling housing and there was nothing they could do.

  6. Walt Thompson Avatar
    Walt Thompson

    Newburyport Housing Glossary
    (where language is contorted to mask intent and frame policy in misleading ways)

    Affordable Housing – Units priced beyond the reach of most working residents, but technically less expensive than luxury condos.

    Workforce Housing – Homes that require multiple jobs to afford.

    Economic Revitalization Zone – The area where long-time residents are priced out for developers to “enhance vibrancy.”

    Public-Private Partnership – A deal where the public shoulders the cost, and private entities reap the profits.

    Community Input Session – A bureaucratic ritual where officials nod solemnly before proceeding with pre-decided plans.

    Streamlining Development – Eliminating regulations.

    Smart Growth – Unchecked expansion disguised as thoughtful planning.

    Sustainable Development – Luxury high-rises with a few rooftop solar panels for aesthetic greenwashing.

    Mixed-Income Housing – A handful of affordable units tucked within a fortress of market-rate rentals.

    Density Bonus – Permission to cram more expensive units into an already unaffordable landscape.

    Market Forces – The invisible hand that mysteriously always favors developers over residents.

    Equitable Housing Policy – A term used to suggest fairness, yet often crafted to serve investors first.

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