Posted on 10/28/2025 7:05:13 AM PDT by AbolishCSEU
ALBANY, N.Y. (NEXSTAR) — The New York State Assembly Housing Committee held a public hearing in Albany on Tuesday to examine how municipalities outside of New York City can opt into laws that regulate rent, services, leases, and evictions to keep housing attainable. The hearing centered on the Rent Emergency Stabilization for Tenants Act (S4659A/A4877A), a proposed bill that could make it easier and less expensive to enact better tenant protections.
Proponents of the REST Act—including tenants, local elected officials, and legal experts—testified that current state law is flawed and easy for landlords to manipulate. Opponents argued that the existing legal standard should be maintained to incentivize investment.
Assembly Housing Committee Chair Linda Rosenthal, a Democrat and cosponsor of the REST Act, convened the four-hour hearing about the statewide housing crisis at 10 a.m. “We’ve seen that rent stabilization—which helps to keep approximately 1 million apartments affordable for about 2.3 million people—helps stave off displacement” in New York City, she said.
(Excerpt) Read more at news10.com ...
They want the NYC even more draconian anti private property rights to cover all of upstate NY.
Rent "stabilization" and "Good Cause" legislation only hurts the good renters and enables the bad actor tenants.
NYC is circling the drain. Stupid, stupid people. They deserve every bit of what’s coming, and I will enjoy hearing the crying and gnashing of teeth.
Shouldn’t six or seven decades of “rent stabilization” fully stabilized rents by now?
Only an idiot would commit capital to build rental housing in NYC.
And thee people in charge don’t talk about high taxes, insurance and most maintenance companies in NYC are union that the landlords are responsible for. They don’t talk about what a huge process it is for the landlords to evict bad renters. It can take weeks and costs are big.
That’s how it works and shows why rent control never works.
Capping rent limits the amount of rental units. The only way a landlord can survive is to forego maintenance and quality.
If all limits are removed, capital investment will create more rental units and the market will cause competition in rates and improve quality.
I’m guessing they teach this to Boston University Econ majors, so AOC should be crusading against rent control. Hah!
EC
“held a public hearing in Albany on Tuesday to examine how municipalities outside of New York City can opt into laws that regulate rent, services, leases, and evictions”
IOW, NYC wants all the municipalities that folks fled to from NYC to commit housing suicide too ...
[also, i wonder if it would really be an “opt in”, of will Albany simply decide to impose NYC housing laws and regulations on the entire state?]
More like months or years to evict a bad tenant. Good cause legislation that is trying to spread throughout upstate basically eliminates the lease provision of non-renewing for a p i t a tenant. It’s a lease in perpetuity. The owner has no right to end the lease on the last date unless he goes to court to evict. In California the owner has to get permission from the tenant to sell their house and usually has to monetarily bribe them to move.
If they want rents to go down they need to look at their donors. It’s the people who own a bunch of homes (like Blackrock, who want to make houses into securities and have them on the market) that want the rents and leases standardized and priced by AI so they can get the optimal amount.
Big Apartment is exempt from the rules that mom and pop landlords have to follow i.e. no more than one month’s security deposit can be collected even on high risk/bad tenant credit, eviction records are sealed, not allowed to charge more than $20 for a background check (which easily costs the landlord $50 or more)
Public housing does not screen whatsoever.
AĹL rent control laws grandfather in protections for incumbent tenants, make owners of rental units on shakier financial ground and altogether shrink the supply of units subject to open market conditions, making leases for newcomers and movers more costly than they would otherwise be if all units were functioning with open market conditions.
Rent control is theft.
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