Editorial | Proof that Albany’s ‘pro-tenant’ reforms are killing NYC housing – By Post Editorial Board (New York Post) / March 9, 2024
Building owners warned that Albany’s draconian 2019 rent-law changes meant to “protect” tenants would actually prove disastrous to them, as well as to landlords, and new data show how right they were.
The data comes in a study by two real-estate groups showing how the reforms made it financially impossible for owners of rent-stabilized units, especially smaller landlords, to make needed repairs and upgrades.
Instead, they’re forced to let those units sit vacant, creating “zombie apartments,” even as New Yorkers are desperate to find decent places to live.
CONTINUE > https://nypost.com/2024/03/09/opinion/proof-that-albanys-pro-tenant-reforms-are-killing-nyc-housing/
