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Only 1% of units in NYC are rent-controlled. It needs to have been built before 1947 and the tenant must have lived there continuously since 1971.
by TheCoelacanth 7y ago
Only 1% of units in NYC are rent-controlled. It needs to have been built before 1947 and the tenant must have lived there continuously since 1971.
- TomMckenny 7y agoIndeed, NYC rent control has been weakening since the 70s. And the annual rental increase 1970 to now is roughly double what it was 1920 to 1970. Yet for housing, 1920 to 1970 saw roughly 50% growth while 1970-now saw roughly 20%