Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

Real estate industry experts say the tenant coalition’s latest demands won’t solve the housing affordability crisis and could grind construction and development to a halt. The coalition’s wide-ranging proposal goes well beyond last year’s tenant advocate agenda, a package of nine bills that were nearly all passed. “If we rely on the government to build new housing, it’s doomed to failure,” said Frank Ricci, the top lobbyist for the Rent Stabilization Association. “Only the private

source https://therealdeal.com/2019/10/18/rent-pocalypse-2-0-real-estate-industry-reacts-to-tenant-demands/

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