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>rent stabilization is not rent control Stabilization requires control. Forcing X to do Y against their will requires control. Argue for rent control if you
by parineum 4y ago
>rent stabilization is not rent control
Stabilization requires control.
Forcing X to do Y against their will requires control.
Argue for rent control if you want but your pissing on my leg and telling me it's raining.
- mattzito 4y agoTell me you know nothing about NYC real estate without telling me you know nothing about NYC real estate. “Rent control” in NYC is a specific term that applies to a separate set of regulations and laws that govern a particular set of rental properties. Tenants who live in these properties are effectively immune from rent increases for as long as they or their families live in the apartment. Of course rent stabilization is a form of rent control, but it is not the same as Rent Control in NYC. In online discussions about NYC rental law, the two things often get conflated, as they have at several points in this thread.
- ryan_lane 4y agoWith stablization, the rent can be set to market rate when you rent to a tenant. Afterwards, the rent increases are controlled. The increases are based on inflation and consumer pricing. Rent control is where both the initial rent price, and the increases are controlled. We're in a technical forum, so it's reasonable to actually differentiate terms we're discussing.