Monday, February 16, 2009

Rent Control

I rarely agree with the New York Post, but I really thought the fate of rent control in New York was settled 15 years through a measure that ensured controls would be lifted gradually over time in a way that more or less took care of existing renters more or less for life as long as they met certain income requirements.

Now the State Legislature seems likely to reimpose the laws as they existed 15 years ago and may re-regulate apartments that have been deregulated for all that time!

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