3 ms·
One other thing I've seen in NYC is that rent control results in increasingly divergent incentives for the landlord and the tenant over time, assuming that the
by rohansingh 8y ago
One other thing I've seen in NYC is that rent control results in increasingly divergent incentives for the landlord and the tenant over time, assuming that the value of the property is increasing.
It gets to the point where some landlords do truly despicable things to drive out tenants who they cannot otherwise legally ask to leave. It also leads to things like tenants refusing necessary repairs because they fear the landlord will use that as a pretense to raise the rent or evict.
Basically, trust just breaks down on both sides.