NYC has been gradually deregulating rent controlled and rent stabilized apartments as previous tenants move out or pass away. (The original intention was partly

NYC has been gradually deregulating rent controlled and rent stabilized apartments as previous tenants move out or pass away. (The original intention was partly to make sure people on fixed incomes - especially the elderly - wouldn't lose their long time homes). I won't say that deregulation has done anything to improve the housing market tho. Supply and demand for land, the cost of construction, and the city's enormous population growth have far bigger impacts on the availability of housing, affordable or otherwise.