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City Journal

City Journal

Business

Business & Economics

How New York Can Get Out of Its Rent Control Mess

City Journal
Summary
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82% Informative

Authors: Let each landlord decontrol one unit per year, let tenants bequeath their rent-controlled apartments.

Authors: Repeal of rent control is politically infeasible, but a gradual, commonsense approach to rent control reform will ultimately fail.

Authors say rent control's biggest losers are newcomers, immigrants, and younger generations locked out of market.