Re:What Airbnb Did to New York City
by camgunz on Thursday March 08, 2018 @01:13PM
(#16546290)
To expound a little; from the actual data source linked in that article:
> According to the 2014 NYC Housing and Vacancy Survey, there are about 27,000 rent controlled apartments vs. about 1,030,000 rent stabilized apartments.
Like you say, rent control is very different than rent stabilization. Rent control limits the actual rent. Rent stabilization limits the annual rent increase.
Rent stabilization doesn't really account for extra stickiness in the housing market (in other words, it doesn't meaningfully decrease housing supply). Rent control does but again, since there are so few of those it's basically a non-factor.
> According to the 2014 NYC Housing and Vacancy Survey, there are about 27,000 rent controlled apartments vs. about 1,030,000 rent stabilized apartments.
Like you say, rent control is very different than rent stabilization. Rent control limits the actual rent. Rent stabilization limits the annual rent increase.
Rent stabilization doesn't really account for extra stickiness in the housing market (in other words, it doesn't meaningfully decrease housing supply). Rent control does but again, since there are so few of those it's basically a non-factor.