Posted on 05/30/2025 10:45:59 AM PDT by AbolishCSEU
New York lawmakers are racing to expand rent stabilization across upstate towns before the legislative session ends, according to Spectrum News. The proposed REST Act would let municipalities bypass expensive vacancy studies and use public data to declare a housing emergency.
The bill’s sponsors, including Assemblywoman Sarahana Shrestha and Senator Brian Kavanagh, argue current laws are outdated and ill-suited for smaller communities. Only Kingston has successfully opted into rent stabilization since 2019, but it’s now embroiled in legal challenges.
Landlords strongly oppose the plan, warning it could worsen housing quality and discourage investment. As rent prices and homelessness rise, both sides are gearing up for a final battle over how best to manage the state’s housing crisis.
If rent control really benefited consumers then they wouldn’t have needed to rename it.
THE REAL EFFECT IS LANDLORD BANKRUPTCY& FEWER UNITS AVAILABLE.
Which is why Princess Kathy wants billions in NY Taxpayer $$$$$ to “build more housing” so she can turn those newly built properties over to her “best buddies” to reap the rewards. See how that works?
They actually punish the landlords who are already charging way to little by freezing there ability to raise the rent. THE NY legislature is an evil bunch. I am pretty sure that there actions are constitutionally illegal. But the corrupt courts play along.
Compare and contrast:
Florida population: 23.4 million. State budget $116.5 billion.
NYS population: 19.9 million. State budget $254 billion.
This month, the FL legislature formed a committee to explore doing away with homestead property taxes. The committee will report this September.
Love my free state of Florida!
Not sure why anyone remains in the Marxist states.
How does Desantis plan on making up the difference?
? DeSantis has no input.
Doesn't he sign legislation before it becomes law?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.