Well, it’s one of the reasons. But even the New York tenements which are rent-stabilized have been updated to reflect the wealth of NYC. It’s ridiculous to walk into a tenement building on the east side and see the gorgeous appliances, handsome wood floors and the inevitable exposed brick wall. And the rickety fire escape out the window!
Even if we got rid of rent-stabilization, rents would still be out of control.
So, Hillary won’t pay her staffers a living wage? More interns, please.