Posted on 02/26/2025 8:48:46 AM PST by AbolishCSEU
The legislation would expand the criteria for town and cities to show they’re experiencing a housing emergency. Under current rules, localities can only opt into rent regulation if they conduct a survey to prove their housing vacancy rate is below 5 percent. A pair of state lawmakers introduced a bill Tuesday that would make it easier for localities outside New York City to adopt rent stabilization, expanding the criteria for town and cities to show they’re experiencing a housing emergency.
Under current rules, local governments can only opt into rent regulation if they conduct a survey to prove their housing vacancy rate is below 5 percent—what lawmakers say makes sense for a large, well-resourced place like New York City, where rent stabilization has for decades provided tenants in around 1 million regulated apartments to lower-than-market rents. But many smaller cities and towns around the state “that are strapped for resources, are unable to do vacancy studies and withstand prolonged lawsuits the real estate industry uses as a tool,” said Hudson Valley Assemblymember Sarahana Shrestha, who co-sponsored the bill with State Sen. Brian Kavanagh.
Their proposal, dubbed the the Rent Emergency Stabilization for Tenants Act (REST), would maintain the option of a housing survey while also letting localities outside of New York City demonstrate they’re in a “housing emergency” through other data, such as the area’s eviction rate, homeless shelter population or renters’ housing cost burdens, according to a press release.
It would also let cities and states beyond the five boroughs regulate housing in smaller buildings, and exempt any properties built or significantly renovated in the last 15 years—unlike New York City’s rent stabilization rules, which generally apply only to buildings with at last six units and exclude those constructed after 1974.
(Excerpt) Read more at citylimits.org ...
Plank #1 of the Communist Manifesto: Abolition of Property in Land and Application of all Rents of Land to Public Purpose.
https://www.conservativeusa.net/10planksofcommunism.htm
The more illegals you deport..
The more housing becomes available.
The more housing that is unoccupied, the lower the rents go.
The lower the rents go, the market value of that property is also likely to go down.
If the value of the property goes down, the propert tax (theoretically) should go down.
It is rent control.
They can call it by any other name “Rent Stabilization”, “Rent Equity”, “Rent Blah Blah Blah” but in the end, it is all communism, and and has the same effect:
Drive down the availability of housing, and drive down the quality of housing.
But people will fall for it. Again. And Again. And Again.
The landlord should have the right to decide how much to charge for rent based on supply-and-demand. Not the government based on buying votes.
Absolutely.
“In many cases,” Swedish economist Assar Lindbeck famously said, “rent control appears to be the most efficient technique presently known to destroy a city — except for bombing.”
If NYS government perceives it has the right to control prices, why shouldn’t it perceive it can control all pricing for all things? It’s apparently an authoritarian regime in love with communism, so expect it.
Communism by increments.
Easier to have more communism, huh? Forward comrades!
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