When Phase III began on Jan. 11, federal rent controls were not loosened, they were abolished. Worried Congressmen are already trying to get them back on the books. Last week the House Banking Committee voted to roll back rents to the levels of Jan. 10. However the debate over federal rent controls is resolved—the White House still opposes them—a good many of the nation's renters will still have some protection against gouging on new leases. For the first time since World War II, a growing number of states and cities are passing their own rent-control measures.
Much of the pressure...
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