Same arguments can be used against rent control. In NYC, loft leases in newly trendy nabes can garner up to $5M in "key money". The rent regs are nearly impossi

Same arguments can be used against rent control. In NYC, loft leases in newly trendy nabes can garner up to $5M in "key money". The rent regs are nearly impossible to phase out, because both landlords and some renters benefit by them, though arguably they hurt the market as a whole and are patently unfair to first-time residents. Regulation of commerce always risks unintended (though often forseeable) consequences.