Business: Catching the New York Disease

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Still, controls seem to captivate more and more middle-class tenants. To them, rents are an easily identifiable and ever increasing part of their budgets, even though the rent component of the Consumer Price Index since 1967 increased only 71%, while the CPI as a whole went up 107%. Says George Sternlieb, director of the Center for Urban Policy Research at Rutgers University: "Such people know the evils of rent controls. But in view of their immediate concerns, many have adopted an attitude of 'I'll worry about posterity tomorrow.' "

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