The road to hell is paved with good intention as they say. Big Government has this:
“If you wanted to destroy a city’s housing – short of bombing – the best way to do it is rent control,” says Cato legal associate Trevor Burrus.
While most cities in America long ago got rid of rent control, New York remains a bastion of government-mandated limits on what landlords can charge renters. About 50 percent of New York’s rental market is affected by rent control or rent stabilization, policies that keep rents artificially low and produce housing shortages, higher overall housing costs, and all sorts of corruption.
Read the rest at Biggovernment.com