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Rent Stabilization is unfair and unreasonable. I don't see how it is different from maintaining price controls on food, clothing, dry cleaners, hardwares, restaurants and other "essential services."
Rent Stabilization is unfair and unreasonable. I don't see how it is different from maintaining price controls on food, clothing, dry cleaners, hardwares, restaurants and other "essential services."
The problem is if you eliminate rent stabilization you will probably have about a million people that can't afford their current homes and will be forced into the streets.
Rent Stabilization is unfair and unreasonable. I don't see how it is different from maintaining price controls on food, clothing, dry cleaners, hardwares, restaurants and other "essential services."
I will agree that in fantasy world we should abolish the mess of rent stabilization, but the reality is we have created a monster that you cannot simply remove without having hundreds of thousands of people literally homeless. What happens when rents are allowed to increase at whatever rate and the current residents can't pay? It is too big of a monster to let loose on the city...so the best you can do, in a perfect world, is make changes in phases, over say 10 years.
Begin phasing out the program slowly, of course there is no appetite for that in this city so I don't foresee it happening..but it is nice to dream.
Hey look if I had a rent stabilized apt I was paying way under market rate for, I'd count my blessings and behave in a completely rational economic way, but some of these loopholes people use to take advantage of the system ill admit are just horse ****. Allowing rent stabilized apts to be handed down to next of kin...WTF is that about? It's not a family heirloom from christ's sake, it's somebody else's property. Also I think the threshold price for a property to become de-stabilized is too high...they should screw that down a little bit to start flushing out more of the people who pay insanely low rents.
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