Word: beadleston
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Dates: during 1970-1979
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Landlords insist that control laws only exacerbate shortages since they nearly always cut down on an owner's profits and thus reduce his incentive to build new units. "Rent control never works," says New Jersey Senate President Alfred N. Beadleston. "For the poor it results in slums, and it makes crooks out of high-income tenants because they pass money under the table for choice apartments." That certainly seems to be the case over a long period. New York City apartment dwellers have long been used to passing "key money" to vacating tenants of desirable apartments. Especially before...
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