Rent Controlled units comprise less than 2% of the TOTAL housing in New York City.
Stop this devastation bullshit. Non-resident tenants/illegal hotels likely dwarf this number significantly.
Stop this devastation bullshit. Non-resident tenants/illegal hotels likely dwarf this number significantly.
60% of all NYC housing units are under some form of rent regulation - either rent control, rent stabilization, or some other form of rent protection. Only about 40% of the housing stock is market-rate.
Of course those units aren't in Manhattan south of 96th street or hip Brooklyn, so the type of people who write blog articles don't care.
Economically, they are all rent control. And 60% of the city is subject to it.