3 ms·
> What do you think the symptoms would be if rent stabilisation was bad? Bad for whom? Tenants? Landlords? If landlords of rent stabilized buildings were decl
by mattzito 4y ago
> What do you think the symptoms would be if rent stabilisation was bad?
Bad for whom? Tenants? Landlords?
If landlords of rent stabilized buildings were declaring bankruptcy and the city had to take over and operate the buildings, that would be a clear sign that the economics of rent stabilization made it impossible for the free market to work.
Except that hasn’t happened, in fact, being a landlord is still so lucrative that they can afford to keep units off the market in the event of the small chance that the laws get changed in the next year.
I can guarantee you that once the court case is settled, those units will gradually come back on the market and everything will go back to the way it was.