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Re:Manhattan rents cross $5k threshold for first time by NovemberWhiskey on Thursday July 14, 2022 @02:33PM (#32099810)
There's a large (20,000+) volume of empty rent-stabilized units - in those cases, landlords say that a recent tenant protection law (HSTPA, 2019) makes it uneconomic for them to rent due to the expected difficulty of evicting non-paying tenants and the strict limitations on how much repair and investment work can be recouped from increasing rent.

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