4 ms·
They're not allowed but it's so hard to evict people from rent controlled units in NYC, and so lucrative to rent out your place, that it's extremely common. May
by nullwasamistake 7y ago
They're not allowed but it's so hard to evict people from rent controlled units in NYC, and so lucrative to rent out your place, that it's extremely common. Maybe more than 50% of units. A lot of times you rent to a friend or relative so they don't rat you out. It effectively turns rent control into a $1000+ a month untaxed subsidy. I'm sure there's plenty of people that rent out more desirable rent controlled units and don't have to work a day in their lives.