Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by ceras on Saturday October 22, 2016 @11:29AM
(#12769059)
But it's a very slow process: a majority of NYC residents live in below-market-rate housing. And Bill de Blasio's mayor campaign was anchored on preventing "affordable housing" units from leaving the pool, so the rate of decrease may have slowed down.
- Rent Control simply doesn't exist if you or a relative you co-habitated for years with under special conditions lived there before then.
- Rent Stabilization for a unit ends the moment the stabilized rent hits within striking distance of market rate or the number of stabilized units in-building drops below a threshold. More units deregulate every year than are added and this is true year over year as well (sole exceptions to the latter being in 2014 & 2015).