2 ms·
Rent control in Manhattan is very different from rent control in SF. For one thing, the number of rent controlled units is extremely low - the source of every s
by potatolicious 13y ago
Rent control in Manhattan is very different from rent control in SF. For one thing, the number of rent controlled units is extremely low - the source of every sitcom episode about inheriting a dead relative's apartment.
There's rent regulation, which is closer to what SF calls rent control, but even the proportion of regulated apartments in NYC is much lower than in SF. SF's rent control is based on year of construction, and due to the construction-hostile politics of modern SF, that means a lot of units in SF are controlled.
NYC on the other hand has a lot more new construction which aren't regulated, and even the regulated apartments are steadily falling out of regulation (this was intentional - unlike SF, rent regulation is a mechanism to prevent sudden price fluctuations, not a permanent means to suppress rent).
The rent control situation in NYC is very different from the situation in SF.