Rent Control Mainly Helps… the Affluent
Political blogger Kevin Drum explains in Mother Jones why rent control, as it turns out, doesn’t help those who need it most.
I guess I’m surprised there isn’t a more stringent income cap on rent control in New York City. It’s one thing to help out the poor and working class, but I’m not sure why landlords should be required to offer reduced rents to affluent folks on the Upper West Side.
Read more here.