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Whatever happened to rent control?

You got me on that one!

There are a few high rise buildings in Brooklyn Heights that are "Mitchell-Llama" whatever that means.
The buildings are pretty non-descript but they have views to die for.
These buildings originally were meant for artists, teachers, etc.
The rent was relatively cheap. Fast forward a few decades and the neighborhood is one of the most expensive and those apartments which were owned by middle class people can now be sold at market and some are going for over one million dollars.
Go figure.
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