This is an unintended consequence, in part, of rent control. Eventually rent controlled apartments are captured by people with contacts or a system of capturing the artificially lowered rental prices. Rent control gives a disincentive to build new rental housing. The end result, the exact opposite of what was intended . . . high housing prices. Meanwhile there is a huge group of people who benefit from the price controls so it is a political minefield if a politician sees the problem and tries to end it.
Yeah that is true. I think such practices should be banned. One should not be discriminated against because they make too much money which is a joke in urban areas.