Urban development as a concept should be a good thing. Well, it is but only if the benefits redound to all. However, as is always the case, things tip in favor of those who have the resources. In this little comic strip, Joyce Rice and Josh Kramer tackle the issue of high rent in America.
(Image credit: Joyce Rice, Josh Kramer/The Nib)
NPR on rent control laws. https://www.npr.org/2019/06/19/734114978/nycs-controversial-rent-control-measure-could-spread-to-the-rest-of-the-state
This one mentions Newburgh NY. I lived there in the 2000s. While the landlords in this say it's the renters fault the houses are trashed they had been trashed by riots in the 60s and 70s and never got better. When they have been fixed up they end up getting snatched up by folks looking for a deal on a nice place not to far from the city leaving the lower income renters without a house. It is a vicious circle.
The best quote from the article: "Even though much of the research shows rent control doesn't help most tenants in the long run, advocates say at least current tenants are protected."