The folly of rent control

Monkees singer’s wife guilty in $137,000 fraud

Excerpt:

The wife of Monkees vocalist Micky Dolenz pleaded guilty Friday to charges that she defrauded a public housing program in New York City.

Authorities in the city's Department of Investigation said Donna Quinter, 54, illegally received $136,866 in government rental subsidies for an apartment on Manhattan's Upper East Side.

The subsidies were supposed to go to middle-income families who were in danger of being forced out of a rent-regulated apartment building that was being converted into luxury condominiums.

Comment: The market alone is more efficient and effective control of supply and demand. For more on rent control in NY click here.