Wherever it is adopted, the result will be a disastrous reduction in the rental-housing supply, leaving renters desperate for places to live.such case, it still has two others under consideration and could decide whether to grant review to them as soon as Friday.
Some occupants use what they’re saving on rent to pay for a weekend place in the Hamptons or New England. Never mind that last year, fuel costs to heat the buildings soared 19% and overall inflation hit 8.3%. Why? Because regulation causes some landlords to walk away, reducing the overall supply of apartments.New Yorkers in unregulated apartments are paying the highest rents in the country for a one-bedroom apartment.Yet the left-wing press pretends rent control offers only benefits.
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