The Soapbox

HowieT3

Joined: 01/04/2001 Posts: 9123
Likes: 12215


Harper's cover story this month is about NYC real estate, too.


They showed how rent control and rent stabilization laws have basically no influence on stopping improvements because well over 90% of the apartments are vacated at some point which then puts them at market prices. Yeah, we see the stories of someone paying "$150 a month for an 85-bedroom apartment", but those are getting fewer and futher between.

(In response to this post by hooyorkcity)

Link: This may be behind a pay wall. I see it because I subscribe.


Posted: 07/05/2018 at 10:43AM



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