Posted on 12/29/2008 9:19:35 AM PST by Red in Blue PA
Sorry wrong, the OWNER is the NYC taxpayer (Govt. is an artifact of the people) and not everyone supports rent control. Certainly not I. Screw her, let her join the rest of the homeless who live on park benches.
The big push to continue rent control comes from the owners of condos in the city. If rent control ended, apartment owners could afford to renovate apartments and put them on the market at a fair rent.
What would happen to the market value of NYC condos if somebody could rent a better space for less than the condo mortgage cost?
Flatten her dogs ?
It appears, from the article, that that's not an option. Under the very laws promulgated by the property's owner, they cannot make her move, period. They must get her to agree to leave.
As I said above, working on other things until she dies seems to be an inexpensive solution.
Rent control in NYC was implemented during the war in order to prevent landlords from profiting from the housing shortage resulting from the quick ramp-up of factories and the Manhattan Transfer around the city.
Then, once the war was over, those who benefited found the justification to extend it—concern for those homecoming veterans.
And after the veterans were all settled it was extended again, well, just because...
And now, 60 years after the end of the war, rent control rolls on, long after any shred of justification, now just an end in itself, and people wonder why so little new construction occurs in NYC.
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