Bye rent control

Republicans must be so happy to read this. No more government restrictions with rental properties.

Is he saying we should let rich people be rich so they'll cover the poor during a crisis? Don't regulate the landlords and let them price whatever they so choose to possibly screw current tenants or whatnot so they can turn a profit but in turn in the eventuality that a recession-like situation hits, they'll have to cover it?

From what I have seen, free market always eventually turns bad without 'proper' and 'sane' regulations in place. The only time I have ever seen the so-called free market 'correct' itself is usually at the turn of the crisis of the event in question which is usually almost if not already too late due to the corruption/greed.

I highly doubt landlords that have the upside will be benevolent during a downturn. Maybe 'some' but I would say a good portion of them will still be doing what they doing when they didn't have the upside. Rich folks use this excuse a lot from what I've seen, well especially those on the right. As with any business, cut costs to save oneself from further loses. And you wonder why the gap just keeps on widening.

The problem with price controls is that everyone wants prices to be LOWER. Effective regulation, that which ensures SUPPLY, requiers HIGHER prices. I want my electricity, water, and gas to work 100% of the time, along with trash pickup. The problem with housing, if there is a regulated FLOOR on prices, is that landlords will cheat and charge less rent than legal. And landlords prefer 99 units available for 100 consumers than 110 units available for 100 consumers. It's a no win situation.

Now you can begin with your laissez-faire free market bullshit arguments that leave me with 2 auto parts stores and 2 grocery stores.

The OP is confused. The article has nothing to do with rent-controlled apartments which are extremely rare. The article is about rent-stabilized apartments which are different. The landlord gets tax benefits in exchange for following certain regulations like not increasing the rent 25% or providing heat and window guards and succession rights.

Rent-stabilized doesn't mean cheap in NY and many pay over $2,000 for an apartment. A landlord can charge less rent which is called preferential rent so your argument is out the window.

Realistically, I doubt that the governor will allow tens of thousands of renters and mortgagors end-up homeless during a pandemic. There will likely be a continued moratorium on evictions and foreclosures for months and then relief to help people stay in their homes.

People in red states are screwed, though.