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Rent controlled and rent stabilized two very different things but both decrease housing inventory. According to this there are 1 million rent stabilized (not c

Rent controlled and rent stabilized two very different things but both decrease housing inventory. According to this there are 1 million rent stabilized (not controlled) units in NYC: https://ny.curbed.com/2017/4/13/15264890/nyc-apartments-guide-tips-new-york https://ny.curbed.com/2017/4/13/15264890/nyc-apartments-guid... If that's accurate, it's a little bit more than a rounding error. Ultimately there has to be a balance. Throwing out long-time renters isn't a great idea but nor is capping prices to decrease inventory. Personally I favor construction reform -- I mean, look how expensive that 1 mile of the 2nd Ave subway was. It shouldn't be that expensive to build in NYC.

camgunz 9y ago
To expound a little; from the actual data source linked in that article: > According to the 2014 NYC Housing and Vacancy Survey, there are about 27,000 rent controlled apartments vs. about 1,030,000 rent stabilized apartments. Like you say, rent control is very different than rent stabilization. Rent control limits the actual rent. Rent stabilization limits the annual rent increase. Rent stabilization doesn't really account for extra stickiness in the housing market (in other words, it doesn't meaningfully decrease housing supply). Rent control does but again, since there are so few of those it's basically a non-factor.