> Rent stabilized apartments (IIRC, there are ~800,000 of them including mine) are only in buildings built before 1974 with more than six rental units. What's more, rent increases are set each year and can range anywhere from <1 to >5%. Once a rent stabilized unit is more than the maximum allowed rent (currently ~$2500/month) or the owner spends a certain amount on renovations to a vacant apartment, the rent stabilization law no longer applies and the unit can be rented at market rates.

This is not true. I've lived in multiple brand new rent stabilized buildings in Brooklyn with rents above $2500/mo over the last decade.