Re:Rent-Stabilized Housing Is Disappearing Fast in NYC
by bradleyjg on Friday July 31, 2015 @02:53PM
(#9983582)
On the other hand, many of those stabilized units are have market rate is less than the legal rate, and so are not effectively subject to price caps.
Of course those units aren't in Manhattan south of 96th street or hip Brooklyn, so the type of people who write blog articles don't care.
60% of all NYC housing units are under some form of rent regulation - either rent control, rent stabilization, or some other form of rent protection. Only about 40% of the housing stock is market-rate.