They could be referring to rent stabilization, which is closer to 50%: https://en.wikipedia.org/wiki/Rent_control_in_New_York#New_York_City https://en.wikipedi

They could be referring to rent stabilization, which is closer to 50%: https://en.wikipedia.org/wiki/Rent_control_in_New_York#New_York_City https://en.wikipedia.org/wiki/Rent_control_in_New_York#New_Y... (not that I'm convinced either is a problem for this discussion)