Well, ya know, in that case you got me, at least if they are smart enough to hang onto that extra cash instead of, you know, just treating it like "extra cash". But I'm not really familiar with that concept because except for a few large cities on either coast, you don't see rent-controlled apartments, or at least I'm not aware of it. I dunno, maybe in places like Madison, Wisconsin...
I'm just curious, how does that whole "rent control" thing work? Who, exactly, subsidizes the lucky people who gain access to one of these apartments? Does it make it easier if you're connected to the local political machine? Seriously.
I can't imagine why any landlord subject to rent control wouldn't just dump the property.