New York’s Progressive-Backed Rental Regulations Are a Huge Gift to Wealthy Tenants
This has long been the case. But things just got worse. (For some.)
…As is often the case with the regulation of rental prices, these new laws don’t help poor tenants and they often disincentivize landlords to actually maintain their properties. The more laws tilt the landlord-tenant relationships towards the tenant, the less willing some landlords will be to put their properties on the market in the first place.