Part One of this series was a refresher on the Microeconomics of Rent Control and touched on how it encourages hoarding Part Two discussed rent controls influence on the black market for apartments, rental property deterioration and housing discrimination. Here in Part Three, we will discuss how rent control hampers mobility, regional growth, tax revenue, [...]
With New York’s new Governor’s rent subsidized by his landlord and California debating the best ways to end rent control through Proposition 98, I thought it was a good opportunity to discuss the negative aspects of rent control.
This post is the second in a four part series on the rent control read all four posts [...]
This post has been released as the first in a four part series: Rent Control Part One: Microeconomics Lesson and Hoarding Rent Control Part Two: Black Market, Deterioration, and Discrimination Rent Control Part Three: Mobility, Regional Growth, Development, and Class Conflict [...]
NY Sun: Paterson Pays A Stabilized Rate of Rent
The governor of New York pays about $1,250 a month for a two-bedroom, rent-stabilized apartment in central Harlem, even while owning a home upstate in Guilderland and having unfettered access to the 40-room Governor’s Mansion in Albany.
Governor Paterson and his wife, Michelle, made about $270,000 last year, [...]
Curbed: Rent-Stabilzation War: Tenants Strike Back
New York Times: Questions of Rent Tactics by Private Equity
Rent-regulated apartments account for 57 percent of the total in the Bronx, 42 percent of the apartments in Brooklyn, 59 percent in Manhattan, 43 percent in Queens and 15 percent of those on Staten Island, the Guidelines Board says.
There’s a long [...]
Phasing out rent-regulation may hurt a bit, but in the long-run regulation has done more damage than good. Along with loosening zoning restrictions, freeing up apartments to market rents will help lessen the housing shortage citywide.
New York Daily News:
Tenants say rent-regulated apartments threatened by investment firms
Curbed:
Predatory Investors