Word: gets
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Dates: during 1980-1989
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Since people are not wont to let go of rent-controlled apartments once they get them, those who need to move frequently--that is, the working poor--are doubly screwed...
When the option of outbidding other customers is foreclosed, rich customers turn to "phantom markets" to get their hands on an apartment. This may take the form of legwork, finder's fees, inside knowledge of an available rentstabilized apartment, or even bribing the landlord...
THAT'S why I wish my activist friends would get the news. Rent control hurts the most vulnerable members of society for the benefit of a few people who get "a good deal" on their rents. It's the classic example of the "pull-up-the-ladder syndrome," as Washington Monthly editor Charles Peters calls psuedo-liberal programs that hurt the folks at the bottom...
...society as wealthy as ours has a responsibility to see that no one goes without affordable housing. In this sense, advocates of rent control are pursuing a noble goal. Unfortunately, they've chosen about the most inefficient means possible to get there...
...hope my activist friends get the message. And they know who they...