Mayor Bill de Blasio will be in Albany today to nudge state legislators about a few of his agenda items, including extending and strengthening rent regulations. But a report released Tuesday by the Citizens Budget Commission — "Five Myths About Rent Regulation in New York City" — pushes in the other direction. What if they got rid of rent-controlled and -stabilized apartments altogether?
Wikimedia Commons Apartments on Essex Street between Canal and Hester streets
"To start from the beginning, if we had a perfect situation, we probably wouldn't create this bifurcated housing market," the CBC's Rahul Jain tells the Voice about his report. "We need to slowly phase it out for households that can afford market-rate units."More »