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A comment on How Rent Control Drives Out Affordable Housing. Parent comment

Re:How Rent Control Drives Out Affordable Housing by calambrac on Tuesday December 30, 2008 @05:34PM (#414768)
At a 7.5% annual increase from 1971, they would have originally been paying just over $5/month (that's about $25.34 in today's dollars). I'm not an expert in NYC rent prices in the early 70's, but that seems absurdly low. Maybe it's that cheap for some other reason?
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Re:How Rent Control Drives Out Affordable Housing by jason on Tuesday December 30, 2008 @08:53PM (#414964)
The rent amount is gossip from the super. The other stuff is first hand, and probably adds a little "control" to my rent as well, but believe me not that much.
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