Wednesday, July 31, 2013

Why the Push to Abolish Rent Regulation is Irresponsible

The Gothamist: 
by Steve Wishnia

What would happen if New York State repealed its rent-regulation laws?

New York Times Magazine economics columnist and NPR Planet Money co-founder Adam Davidson thinks it might be a good idea.  . . . Most people who live in rent stabilized apartments are above the poverty level, he says, and the poor could be protected more efficiently by giving them housing subsidies.  

These arguments, which are common among critics of rent controls, are utterly clueless about New York City's housing realities.  

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