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New York Rent Control: From Bad to Worse

New statewide rent control laws have thrown the New York City apartment market into turmoil, with prices of properties impacted dropping sharply overnight and the possibility that it will lead to the deterioration of housing stock and depress the amount of supply. The law – the Housing Stability and Tenant Protection Act of 2019 – [...]

2019-07-19T10:48:32-07:00July 19th, 2019|Uncategorized|

Julia Salazar calls legal challenge to rent law “hypocritical and unethical”

Real estate attorneys and lobbyists believe two landlord groups’ constitutional challenge to New York’s rent regulations could ultimately eliminate the practice of rent stabilization altogether. To that, tenant groups say: fat chance. Senator Julia Salazar, who led the push for Universal Rent Control in the new Democratic Senate, was unfazed by the legal challenge, filed on Monday by [...]

2019-07-19T10:43:16-07:00July 19th, 2019|Advocacy|

New York Landlords Call Rent Control Laws An ‘Illegal Taking’ In New Federal Lawsuit

New York landlords are attacking rent regulations in a new federal lawsuit, claiming that capping what they can charge tenants in rent is equivalent to an illegal taking of property. Last month, housing advocates in New York celebrated sweeping new laws that established rent control permanently and extended tenant protections beyond just New York City, allowing [...]

2019-07-19T09:52:37-07:00July 19th, 2019|Uncategorized|