3 ms·
> Similar units in the building are going for the same rates that they were in 2018. That doesn't contradict what I'm saying. Rent stabilization limits the am
by chimeracoder 4y ago
> Similar units in the building are going for the same rates that they were in 2018.
That doesn't contradict what I'm saying. Rent stabilization limits the amount by which landlords can raise rents (2019 also closed a loophole around preferential rents and vacancies). But that doesn't reflect the actual total cost paid by people who are signing leases for rent-stabilized apartments today.
> off-market since 2020
Yes, warehousing is another widely-reported problem in the last two years.
- woodruffw 4y agoJust to clarify: by "off-market" I meant that it's being occupied, not that they're warehousing it. But yeah, I'm a few years out of date. My two apartments after that weren't stabilized at all.