3 ms·
Rent stabilization != rent control - this is confusing for people in other parts of the country where there is only one category of housing price regulation. 6
by potatolicious 11y ago
Rent stabilization != rent control - this is confusing for people in other parts of the country where there is only one category of housing price regulation.
60% of all NYC housing units are under some form of rent regulation - either rent control, rent stabilization, or some other form of rent protection. Only about 40% of the housing stock is market-rate.
- bradleyjg 11y agoOn the other hand, many of those stabilized units are have market rate is less than the legal rate, and so are not effectively subject to price caps. Of course those units aren't in Manhattan south of 96th street or hip Brooklyn, so the type of people who write blog articles don't care.