As long as the currency printing presses continue to roll those on fixed incomes will be screwed. But, what the hell? We got credit expansion and govt spending prosperity! Who cares about these people? They need to get out of the way and make way for the new paradigm! /sarc
The only problem is there are people that could and would take advantage of a rent controlled property. My friend has an old roomate that moved out to California to live with a woman that has had a rent controlled residence for 13 years I believe. I asked him if he would ever give up that property if he decided to move and he said they would rent it out or sublet I guess is the proper term, and they were would most likely charge the going rate. Good people huh?