Donald Trump on Budget & Economy
2000 Reform Primary Challenger for President
The maddening thing is that thereís really no excuse for the way the town has developed. Atlantic City represents a unique situation; it is like no other town in America. In most places youíll find ideas but not enough money to carry them out. In Atlantic City there is plenty of money, but there are almost no ideas.
Rent control is a disaster for all but the privileged minority who are protected by it. As much as any other single factor, rent control is responsible for the desperate housing crisis that has plagued NYC for the past 20 years. Like a lot of failed government programs, rent control grew out of a decent idea that ended up achieving exactly the opposite of its intended effect.
Unlike most developers, I donít advocate eliminating rent control. I just think there ought to be a means test for anyone living in a rent-controlled apartment. People with incomes above a certain sum would be given a choice between paying a proportionally higher rent for their apartment or moving somewhere else.
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