NYC Rent Stabilization – Why “The Rent Is Too Damn High”

Yes, you read that right, half of the NYC housing inventory is artificially priced below the market to whatever lucky tenants are stabilized; 61% if you count rentals only and not tenant-owned units. And if you haven’t lived there since the ’80s or somehow lucked your way into one, your high NYC rent is subsidizing the low rents of stabilized tenants. Which is precisely why “the rent is too damn high”.

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