Friday, November 2, 2018

Why rent regulation is fundamentally fair

NY Daily News

Rent regulation is fundamentally fair: Don't swallow the line that some tenants lose because others win

Let's start with what rent regulation is not. It is not an entitlement program. Instead, the system moderates the pressure of an overheated market for everyone. The great majority of New Yorkers — low-, moderate- and middle-income people alike — have almost no negotiating power, since housing is a basic necessity and the vacancy rate for moderately priced apartments is minuscule.
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Diminishing speculation and meeting the needs of residents rather than speculators without spending taxpayer dollars? That's good public policy.

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