Between the illegals, the crime and and the morons who run NYC, doing away with rent control would set the city on fire.
I can’t wait to see what happens.
Heh- grab the popcorn!!!
“Most significantly, the benefits of controlled rents are poorly targeted, allowing high-income tenants to enjoy below-market rents, without assurances that low-income individuals will realize any benefits. Rent control abuses in New York City are legendary. Luminaries such as Carly Simon, Mia Farrow, Ed Koch and Ted Sorenson, to name a few, inhabited rent-controlled apartments. Former U.S. Rep. Charles Rangel of New York occupied three adjacent rent-stabilized luxury apartments as his living quarters, while using a fourth as a campaign office.”
https://bankerandtradesman.com/rent-control-has-a-notorious-past-in-massachusetts/