Rent Stabilization: Safety Net or Market Distortion?
Автор: Andrew Silverstein
Загружено: 2025-08-20
Просмотров: 33
Описание:
In New York City, rent-stabilized apartments come with no income check because the system was designed as a market regulation, not a means-tested subsidy like Section 8. The policy protects the apartment rather than the tenant, ensuring long-term stability, predictable rent increases, and political protection for nearly 40% of the city’s rental stock. While this shields tenants from displacement and preserves communities, it can also lead to wealthier people benefiting from below-market rents, discourage landlord investment, reduce tenant mobility, and push more demand onto unregulated units, raising their prices. In short, rent stabilization safeguards individuals but doesn’t lower housing costs overall; broader supply-side reforms are needed to truly reduce citywide rents.
#Housing #NYCMayor #NYCPolitics #NewYorkCity #AffordableHousing #TenantRights #Cuomo #Mamdani #ZohranMamdani #NYPolitics #Affordability
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