I wonder how a rent-stabilised hotel room works and how they came to be. Maybe it's obvious to an American person what it means?
> At one time, there were many affordable places where a single person like Hasegawa could live in New York City. Many hotels offered accommodations consisting of a single bed in a cubicle, or a private room with a shared kitchen and bathroom.
> In the mid-20th century there were close to 200,000 units designated as SROs — single room occupancy. But by the 1970s, they had gained a reputation as hotbeds for criminal activity and the city began to shut them down.
So it was common at that time for hotels to offer long-term apartment rentals, but no longer.
these measures are, on a long scale, what drove a lot of homeless and almost-homeless to the south and west. NYC winters will kill you, but it's not hard to scrounge up a bus ticket to SC
From NYC, you don’t need to pay for a ticket. https://en.wikipedia.org/wiki/List_of_homeless_relocation_pr...:
“For several decades, various cities and towns in the United States have adopted relocation programs offering homeless people one-way tickets to move elsewhere. Also referred to as "Greyhound therapy", "bus ticket therapy" and "homeless dumping", the practice was historically associated with small towns and rural counties, which had no shelters or other services, sending homeless individuals tickets to the nearest large city. More recently, a nationwide investigation by The Guardian in 2017 found that many homeless relocation programs are offered by cities with high median incomes, helping people move to places with cheaper housing and a lower cost of living, but also fewer economic opportunities. While some individuals welcome assistance to help them relocate, others say that they have felt "targeted" and forced to move, under the threat of arrest by police.”
That Guardian article says (https://www.theguardian.com/us-news/ng-interactive/2017/dec/...):
“New York appears to have been the first major city to begin a relocation program for homeless people, back in 1987. After the current iteration of the program was relaunched during the tenure of mayor Michael Bloomberg, it ballooned, and its relocation scheme is now far larger than any other in the nation. The city homelessness department budgets $500,000 for it annually.
Almost half the approximately 34,000 journeys analyzed by the Guardian originate from New York. In contrast with other relocation initiatives, New York is notable for moving large numbers of families, like the Ortizes.”
There's someone who has been trying to claim ownership through this mechanism of the New Yorker hotel across from Penn Station, with surprising amounts of success:
https://viewfromthewing.com/new-york-city-transfers-hotel-de...
One son of the founder is the owner of Kahr Arms (the arms manufacturer), and cofounded with his brother the "Rod of Iron Ministries", a weird gun centered church where they do AR-15 rituals and stuff...
Both churches are involved in heavy lgtb hate, anti communism (although seems like they sent some money to North Korea in the 90s) and some other stuff...
Nikola Tesla famously died in his residential room at the New Yorker Hotel, and I recently learned that after his presidency, Herbert Hoover lived at the Waldolf Astoria for 30 years.
edit:
> Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered.
Basically a cap on rent increases, looks like.
That's rent control, not rent stabilization. There is no cutoff date for rent stabilization. Different units became stabilized for a variety of different reasons over the years.