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Rent stabilization: dysfunctional by design – Robert Khodadadian

Landlords and tenants finally agree on something: Rent stabilization is broken and needs reform. But they are ignoring a larger truth: Price controls for housing haven’t worked, aren’t working and never will work. First, a disclaimer. This is not a rant against government programs. Inclusionary housing, where low-rent units are subsidized by market-rate ones, can work. So can publicly subsidized housing. But permanent rent stabilization in New York is not subsidized. Although supporters treat it

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, NYC Rental Market, Politics, Rent Guidelines Board, Rent stabilization, rent stabilization association, Rental Market The Real Deal New York Read More

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