It’s objectively bad policy, but elections have consequences and New Yorkers are just going to have to deal with the outcomes of their own choices.
swimmingupclose on
So I know this sub has drifted drastically to the left over the past year, but rent controls used to be considered a bad thing here. I’m yet to see a study that shows a city wide rent freeze could work, especially in a city like NYC where supply is a major problem. This article shows it’s not a problem of just the ultra wealthy few at the top but many who are just regular people.
OHGODHOWDO on
Rent Freeze is best used as an incentive for new building.
“Every building over 10 years can only increase rent by this much/can’t increase for this many years”
Well shit, that sucks. Gotta build more housing if you want better price fluidity and market allignment.
3 Comments
It’s objectively bad policy, but elections have consequences and New Yorkers are just going to have to deal with the outcomes of their own choices.
So I know this sub has drifted drastically to the left over the past year, but rent controls used to be considered a bad thing here. I’m yet to see a study that shows a city wide rent freeze could work, especially in a city like NYC where supply is a major problem. This article shows it’s not a problem of just the ultra wealthy few at the top but many who are just regular people.
Rent Freeze is best used as an incentive for new building.
“Every building over 10 years can only increase rent by this much/can’t increase for this many years”
Well shit, that sucks. Gotta build more housing if you want better price fluidity and market allignment.