4 ms·

It's also really arbitrary. I live in the upper west side district mentioned. My rent is $2600, i.e my unit is skirting just above the rent control line. I bet

It's also really arbitrary. I live in the upper west side district mentioned. My rent is $2600, i.e my unit is skirting just above the rent control line. I bet my unit was 'de-controlled' in the last 8 years. But the classification doesn't matter to me personally at all. If the apartment went from $2400 to $2600, while it was decontrolled, the affordability hasn't changed that much. Meanwhile a unit that was $1900 several years ago could be $2400 now because they reset the rent every time the tenant switches. It is much less affordable, but it is still rent controlled. This data is not going to help you figure out if things have gotten significantly less affordable. Which really means this is just a map of where median rents are close to the line between rent controlled and not rent controlled. Notice that the areas that are much more expensive don't show change, since everything was over the line to begin with. The places that are really cheap also don't show a huge amount of change because even after increases the units are still rent controlled. So overall it's good data but it's not telling you that much.

danhak 11y ago
Your post assumes that the point of rent control is to provide some housing inventory that is below market value for new tenants. In actuality, the point is to ensure that long-time residents will not be swiftly priced out of their communities. i.e. it doesn't matter that I'll pay market rent for a rent-controlled unit I move into today. What matters is that the yearly increase in my rent will probably not outstrip my income over the long term.
busterarm 11y ago
please don't conflate rent-stabilization with rent-control. They are two different things. "Rent Control" is something that specifically applies to residents occupying a unit prior to a specific day in 1971 and their qualified heirs.

danhak 11y ago

Your post assumes that the point of rent control is to provide some housing inventory that is below market value for new tenants. In actuality, the point is to ensure that long-time residents will not be swiftly priced out of their communities. i.e. it doesn't matter that I'll pay market rent for a rent-controlled unit I move into today. What matters is that the yearly increase in my rent will probably not outstrip my income over the long term.

busterarm 11y ago

please don't conflate rent-stabilization with rent-control. They are two different things. "Rent Control" is something that specifically applies to residents occupying a unit prior to a specific day in 1971 and their qualified heirs.